Requested from SEC by a. serrano at 01:37 PM on
Nov 05, 2021.
Purpose: To report for excessive unreasonable interest and harassment of Online Loans
Date of Coverage: 11/04/2021 - 11/04/2021
Tracking no: #SEC-365137050368
serrano 01:37 PM, Nov 05, 2021
I would like to confirm if MOneyCat Online Lending is legally registered under SEC.
I was a victim of loan sharks Please provide me if they are legit. Because they do the harassment to pay for a very unreasonable high interest and charges and don't even entertain an amnesty or waiving of too much interest. I am requesting a discount and they don't even care about it. My outstanding dated oct26, 2021 was 13,335. and today November 4, 2021, it is now 18,700.
Happ Pera -My contacts and I received a text message that they will go to my barangay to file a case against me
Seeking your assistance.
Infante 07:55 PM, Nov 07, 2021
November 7, 2021
Dear Ms. Serrano,
Thank you for your request dated Nov 05, 2021 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch concerning alleged Loan Sharks Loan Sharks (MoneyCat, OK Peso & Happy Pera).
We received your request on Nov 05, 2021 and will respond on or before Nov 26, 2021 01:37:42 PM, in accordance with the Executive Order's implementing rules and regulations. Meanwhile, you may want to check these links containing the list of SEC-registered Lending Companies (including online lending platforms):
https://www.sec.gov.ph/lending-companies-and-financing-companies-2/list-of-lending-companies-2/
https://www.sec.gov.ph/lending-companies-and-financing-companies-2/list-of-recorded-online-lending-platforms/
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/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy0zNjUxMzcwNTAzNjgM, for request with ticket number #SEC-365137050368.
Thank you.
Respectfully,
Violeta Infante
FOI Officer
Gumtang- Remalante 11:42 AM, Nov 11, 2021
November 11, 2021
Dear arlene serrano,
Greetings!
Thank you for your request dated Nov 05, 2021 01:37:42 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.
Your Request
You asked for Loan Sharks - MoneyCat, OK Peso & Happy Pera.
Response to Request
Please be informed that MoneyCat and OK Peso are the recorded online lending platform of:
1. MoneyCat - Moneycat Financing Inc., with SEC Registration No. CS201953073 and Certificate of Authority to Operate as a Lending Company (CA) No. 1254;
2. OK Peso - Codeblock Lending Inc., with SEC Registration No. CS201913681and Certificate of Authority to Operate as a Lending Company (CA) No. 3059 and:
3. Happy Pera .
With respect to Happy Pera, we would like to seek clarification on which particular lending or financing company you are referring to as there is another another online lending plantform with "Happy Pera" in its name. You may send your response to cgfd_md@sec.gov.ph.
As for your allegations on possible violation of the SEC Memorandum Circular No. 18, series of 2019, on the Prohibition on Unfair Collection Practices, 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.
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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