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    Date: 2023-09-11 09:24:48.856208

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    Date: 2023-09-11 09:56:07.482984

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    Date: 2023-09-11 15:41:24.680661

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Complaint against Digido Online Lending App

Requested from SEC by L. Cañada at 09:24 AM on Sep 11, 2023.
Purpose: Complaint against Digido
Date of Coverage: 09/01/2023 - 09/11/2023
Tracking no: #SEC-443269040960

Cañada 09:24 AM, Sep 11, 2023

Hi! I would like to complaint against DIgido Lending App because they have high interest rate and false advertisement. It is stated in the contract that the loan term is 6mos but in reality it is only payable for 14 days, 21 days or 30 days whichever you choose. They charge Php 600-800 interest per day if due ka na. May amortization schedule pa sila na mali naman po. Ex. sa 13,500 mo na approved loan repayment daw every 30 days, kung masusunod yun yung total payment mo magiging Php65,380.50 na. Hindi na po siya makatarungan po. Digido is the former Robocash po.

Gonzales 09:56 AM, Sep 11, 2023

September 11, 2023

Dear Larissa,

Thank you for your request dated Sep 11, 2023 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Complaint against Digido Online Lending App.

We received your request on Sep 11, 2023 and will respond on or before Oct 02, 2023 09:24:48 AM, in accordance with the Executive Order's implementing rules and regulations.

Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://foi.gov.ph/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy00NDMyNjkwNDA5NjAM, for request with ticket number #SEC-443269040960.

Thank you.

Respectfully,

Isma Gonzales
FOI Officer

Quimio 03:41 PM, Sep 11, 2023

September 11, 2023

Dear Larissa Cañada,

Greetings!

Thank you for your request dated Sep 11, 2023 09:24:48 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your Request

You asked for Complaint against Digido Online Lending App.

Response to Request
To find out more about the specifics of your complaint, you may file a formal complaint with us by following the instructions below:

1.      To File a Formal Complaint Against a Lending or Financing Company

Kindly follow this link: http://www.sec.gov.ph/lending-companies-and-financing-companies/complaints/.

Please read and follow the instructions carefully to avoid the outright dismissal of your complaint.

In sending the complaint form to flcd_complaints@sec.gov.ph via e-mail, kindly use the following format in the subject head of the e-mail: COMPLETE NAME _RESPONDENT COMPANY _ SUBJECT OF COMPLAINT (ex: JUAN DELA CRUZ_ABC LENDING_DISCLOSURE STATEMENT VIOLATION).

2.      To verify Lending Companies, Financing Companies and Online Lending Platforms

For a list of registered lending and financing companies, follow these links:

a. Registered Lending Companies

https://www.sec.gov.ph/lending-companies-and-financing-companies-2/list-of-lending-companies-2/

b. Registered Financing Companies

http://www.sec.gov.ph/lending-companies-and-financing-companies/list-of-financing-companies/

For a list of recorded online lending platforms of lending and financing companies, please refer to this link:

https://www.sec.gov.ph/lending-companies-and-financing-companies-2/list-of-recorded-online-lending-platforms/

3.      For more information on Lending and Financing Companies

For more information, refer to this link: http://www.sec.gov.ph/lending-companies-and-financing-companies/complaints/
 
As to your issues on data privacy violation or violations of R.A. 10173, or the Data Privacy Act of 2012, please contact:

Atty. Michael R. Santos
Chief, Complaints and Investigation Division
National Privacy Commission
 
Address: 5th Floor Delegation Building, PICC Complex, Roxas Boulevard
E-mail:  complaints@privacy.gov.ph; hearings@privacy.gov.ph
Landline: 02-8-2342228 loc 114 or 115
Mobile Number: 0905-5061478 (Globe); 0970-8180555 (Smart)


Thank you for your time and effort in assisting the Commission in our mandate to regulate and supervise lending and financing companies. 

Your right to request a review

If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to the Commission Secretary at comsec@sec.gov.ph. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.


Thank you

Atty. Kenneth Joy A. Quimio
Asst. Director
Financing and Lending Division
SEC

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