Here’s how you can report a problematic online lending app in the Philippines, depending on the nature of your complaint: 1. Securities and Exchange Commission (SEC) Scope: The SEC is the primary regulatory body for lending companies in the Philippines. Report issues like: Operating without SEC registration Unfair lending practices (excessive interest, hidden fees) Abusive […]
Loan in Philippines
Is Lending Money Illegal In The Philippines?
No, lending money is not illegal in the Philippines. However, there are regulations in place to protect borrowers and ensure the legitimacy of lending activities. Here’s a breakdown: Legal Lending: Lending money can be a legitimate business activity in the Philippines. Banks, microfinance institutions, and SEC-registered lending companies all operate legally. Regulations: The Securities and […]
How To Report Online Lending To Nbi Philippines?
Here’s a step-by-step guide on how to report online lending companies to the National Bureau of Investigation (NBI) in the Philippines: 1. Determine the Nature of the Complaint: The NBI usually handles cases involving serious threats, extortion, cybercrime, and potential scams. Ensure your complaint aligns with those categories. For example: Threats of violence or blackmail […]
