Before borrowing money or entering into any loan agreement, it’s crucial to ensure that the lending company is operating legally. In the Philippines, the Securities and Exchange Commission (SEC) plays a key role in regulating lending and financing firms to protect borrowers and maintain integrity in the financial system. Each year, the SEC investigates companies…
Understanding what a loan credit score can make a big difference in your financial future. It plays a major role in whether you get approved for a loan, how much you can borrow, and what interest rate you’ll pay. In this blog, we’ll break down what it means, why it matters, and simple steps on…
SSS online loan application is almost like a walk in the park if you haven’t taken one yet. You may follow these steps: Visit SSS website Go to the official website of the Social Security System in the Philippines. Create / Log in to your SSS account You need to create your SSS Account by…
Loan scams can take various forms. It’s important to be aware of these types of scams to protect yourself from falling victim to fraudulent activities. Here are some common types of loan scam in the Philippines: Advance Fee Scams In this type of scam, fraudsters pose as lenders but require upfront payment or fees before…
It is not easy to spot loan scammers. Scammers employ sophisticated tactics to deceive vulnerable individuals. However, there are several red flags and warning signs that you can watch out for to help identify potential loan scams. Here are some indicators to consider: Unprofessional communication Pay attention to the quality of communication from the lender….
Dealing with loan collectors can be stressful, most especially if you are being harassed. Worry not, we have prepared a few steps for as your guide on how to handle loan collection harassment effectively: 1. Understand your rights Familiarize yourself with the Fair Debt Collection Practices Act as it provides guidelines on what debt collectors…
According to a resigned loan processor of several loaning companies loan companies, here are 7 Insider Tips to Get Your Loan Approved in the Philippines. Read very well and be amazed on some of the pointers in this article: 1. Capture a very clear photo of your ID Your credit history isn’t actually the first…