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    Date: 2021-09-14 09:56:10.111124

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    Date: 2021-09-14 14:13:20.070674

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    Date: 2021-09-15 16:04:38.127996

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harassment of various online lending apps

Requested from SEC by M. Guzman at 09:56 AM on Sep 14, 2021.
Purpose: for filing of complaint and CLOSURE of ILLEGAL OLAs
Date of Coverage: 09/09/2021 - 09/14/2021
Tracking no: #SEC-654330470754

Guzman 09:56 AM, Sep 14, 2021 

hi,
this is to formally complain the various online lending apps 
HAPPYLEND/RUSHLOAN 
CASHCOW
OKPESO
SUNCASH
PESOQ
PESOHERE
MONEYCAT
LPESO
GOLDMINER
PESOCASH
KPESO
CASHME
FASTCASH

for the malicious and threatening manner in which they collect payments for loans.  they obtain access to contacts without knowledge and express consent and will text demeaning, malicious, threatening information and use foul and vulgar words. Moreover, they have usurious and unreasonable interest rates and might be operating ILLEGALLY since they do not have permit/license from SEC. 
Thank you

Infante 02:13 PM, Sep 14, 2021 

September 14, 2021

Dear Mary Vhalerie,

Thank you for your request dated Sep 14, 2021 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for harassment of various online lending apps.

We received your request on Sep 14, 2021 and will respond on or before Oct 05, 2021 09:56:10 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://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy02NTQzMzA0NzA3NTQM, for request with ticket number #SEC-654330470754.

Thank you.

Respectfully,

Violeta Infante
FOI Officer

Gumtang- Remalante 04:04 PM, Sep 15, 2021 

September 15, 2021

Dear Mary vhalerie Guzman,

Greetings!

Thank you for your request dated Sep 14, 2021 09:56:10 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your Request

Your FOI request may indicate possible violation of the SEC Memorandum Circular No. 18, series of 2019. In this regard, 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
Download and fill out the Complaint Form completely and accurately: https://www.sec.gov.ph/wp-content/uploads/2021/04/2021FORM_Updated-Complaint-Form.docx

2. Provide the necessary attachments, namely:
a. relevant documents and evidence that will support your claim/s or allegation/s ( e.g. screenshots of text messages and conversations with the financing/lending company);
b. loan agreement (if any);
c. valid government-issued ID; and
d. evidence/proof that you have exhausted all remedies against the company concerned before filing your complaint with the SEC, if any.

3. Indicate the following personal information of the complainant in the complaint form:
a. personal e-mail address;
b. personal contact number/s; and
c. address (in the Philippines) where you may be furnished a copy of letter/s and order from the Commission.

4. Use the below format in the subject head of e-mail in sending the complaint form to cgfd_md@sec.gov.ph:
COMPLETE  NAME_RESPONDENT COMPANY _SUBJECT OF COMPLAINT
(ex: JUAN DELA CRUZ_ABC LENDING_DISCLOSURE STATEMENT VIOLATION)
 
5. Submit one complaint form per respondent company.
 
For more information, refer to this link: http://www.sec.gov.ph/lending-companies-and-financing-companies/complaints/
 
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 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.
 
If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).
 
Thank you.

Respectfully,

Atty. Rachel Esther Gumtang- Remalante
FOI Receiving Officer

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