Here’s what you can do to stop loan companies from calling you in the Philippines:
1. Contact the Loan Company Directly:
- Politely request them to stop contacting you.
- If applicable, discuss repayment options or dispute any inaccuracies in the loan amount.
2. Block Their Numbers:
- Most phones allow you to block specific numbers. This will prevent future calls from that number.
3. Report Harassment:
- If the loan company is using abusive tactics like threats or contacting your references, report them to the proper authorities:
- Securities and Exchange Commission (SEC): Handles complaints against SEC-registered online lending companies. You can file a complaint online or download a form from their website https://www.sec.gov.ph/.
- Bangko Sentral ng Pilipinas (BSP): Oversees banks and financial institutions. File a complaint if the harassing lender falls under their jurisdiction https://www.bsp.gov.ph/.
4. Consider Legal Help:
- In severe cases of harassment, consulting a lawyer specializing in debt collection practices might be necessary.
Here are some additional tips:
- Do not engage in arguments with the collectors. Remain calm and assertive in your communication.
- Keep records of all communication: This includes phone calls, text messages, and emails.
- Do not give out any personal information you haven’t already provided during the loan application process.
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