Yes, Online Loans Pilipinas Financing Inc. is a legitimate and SEC-registered company in the Philippines. Here’s how you can confirm their registration: Online Loans Pilipinas Website: They claim to be registered with the Securities and Exchange Commission (SEC) on their website itself. They mention their registration number: CS201726430, CA No. 1181 SEC Website: You can directly […]
How To Report Online Lending App? (2024)
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 […]
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 […]