Securities and Exchange Commission

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  • REQUEST SUBMITTED

    You have submitted an FOI request

    Date: 2023-09-25 15:46:26.711716

  • PROCESSING REQUEST

    Your request is already in review

    Date: 2023-09-26 07:23:49.137250

  • REQUEST SUCCESSFUL

    Your request was successful

    Date: 2023-10-02 12:05:36.715730

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ACCUMULATED LOANS

Requested from SEC by J. Perez at 03:46 PM on Sep 25, 2023.
Purpose: To not get harassment and avoid social media humiliations
Date of Coverage: 06/01/2023 - 09/25/2023
Tracking no: #SEC-709467867396

Perez 03:46 PM, Sep 25, 2023

Hi! I would like to request for your assistance to help me negotiate with my creditors.

3 months ago, I had an emergency and I had no choice but to borrow from lending apps. I never expected that I will accumulate a total of more that 200,000 php debt because they have a high service charge. I am insolvent right now, and although I have communicated my current situation with them, they are still sending me threats and harassment via texts and phone calls.

I am willing to settle my dues, I just need more time without getting harassed and embarrassed. This has been affecting my health.

Gonzales 07:23 AM, Sep 26, 2023

September 26, 2023

Dear Jane,

Thank you for your request dated Sep 25, 2023 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for ACCUMULATED LOANS.

We received your request on Sep 25, 2023 and will respond on or before Oct 16, 2023 03:46:26 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/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy03MDk0Njc4NjczOTYM, for request with ticket number #SEC-709467867396.

Thank you.

Respectfully,

Isma Gonzales
FOI Officer

Quimio 12:05 PM, Oct 02, 2023

October 2, 2023

Dear Jane Perez,

Greetings!

Thank you for your request dated Sep 25, 2023 03:46:26 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your Request

You asked for ACCUMULATED LOANS.

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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