Yes, online lenders can sue you in the Philippines if you fail to repay your loan. However, there are important regulations in place to protect borrowers. Here’s what you need to know: When Online Lenders Can Sue Legitimate Lenders: Only lenders registered with the Securities and Exchange Commission (SEC) have the legal right to pursue collection […]
Loan in Philippines
How To Deal With Loan Shark Philippines? (2025)
Dealing with a loan shark in the Philippines can be a stressful and frightening situation. Here’s a structured approach to navigate it: Stop Making Payments: Don’t make any further payments to the loan shark, especially under duress. Their interest rates are likely exorbitant, and paying only feeds the cycle. Gather Evidence: Document all instances of […]
Top 10 Lending Company in Cebu City Online Loan Without Collateral
You can refer to the list of best lending companies in Cebu City without collateral below: #1. Cebuana Lhuillie Cebuana Lhuillie is an online lending company in Cebu City, belonging to Got-IT Lending Inc, registered with SEC, certified to operate legally. Cebuana Lhuillie allows quick loans from 5,000 pesos to 20,000 pesos. Loan period lasts […]
