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  • REQUEST SUBMITTED

    You have submitted an FOI request

    Date: 2023-08-13 12:58:51.071236

  • PROCESSING REQUEST

    Your request is already in review

    Date: 2023-08-14 07:14:58.964778

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    Date: 2023-08-24 10:15:54.071351

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Cancellation Of Loan

Requested from SEC by I. Luna at 12:58 PM on Aug 13, 2023.
Purpose: Request to Cancel My Loan
Date of Coverage: 07/31/2023 - 08/13/2023
Tracking no: #SEC-589927458741

Luna 12:58 PM, Aug 13, 2023

Hi, 

I checked my eligibility on one of the application called Moca Moca Finance under Copperstone Lending Inc. with Sec Reg. 2021050012959-04.

They approved my application, without me checking my loan or at least giving me a breakdown first before I accept the offer. They just credited me right away, according to their site, my approved Loan was 200 but I just received 1500, then they want me to pay them 2320.

This is ridiculous, I paid them same day for the amount they disbursed me but they still want me to pay 820. I tried contacting them but they don’t have any ways not even email

Gonzales 07:14 AM, Aug 14, 2023

August 14, 2023

Dear Ivan Roy,

Thank you for your request dated Aug 13, 2023 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Cancellation Of Loan.

We received your request on Aug 13, 2023 and will respond on or before Sep 01, 2023 12:58:51 PM, 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://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy01ODk5Mjc0NTg3NDEM, for request with ticket number #SEC-589927458741.

Thank you.

Respectfully,

Isma Gonzales
FOI Officer

Luna 01:19 PM, Aug 21, 2023

I would like to follow up on this request

Quimio 10:15 AM, Aug 24, 2023

August 24, 2023

Dear Ivan Roy Luna,

Greetings!

Thank you for your request dated Aug 13, 2023 12:58:51 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your Request

You asked for Cancellation Of Loan.

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.

Respectfully,

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

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