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  • REQUEST SUBMITTED

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    Date: 2021-10-08 09:33:27.139770

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    Date: 2021-10-08 18:17:40.878239

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    Date: 2021-10-11 10:34:57.404879

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Harrasment from Pesoq. Too high interest

Requested from SEC by J. GUTIB at 09:33 AM on Oct 08, 2021.
Purpose: Harrasment and high interest if you delay to pay
Date of Coverage: 10/08/2021 - 10/08/2021
Tracking no: #SEC-399811340131

GUTIB 09:33 AM, Oct 08, 2021 

Why are you still allowing to operate lending companies specially PesoQ that harrasing and giving too high interests if you delay paying the debt? Many people already filing complaints but still you're not doing anything to stop their wrongdoings? Please explain to me why.

Infante 06:17 PM, Oct 08, 2021 

October 8, 2021

Dear John Vandam,

Thank you for your request dated Oct 08, 2021 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Harrasment from Pesoq. Too high interest.

We received your request on Oct 08, 2021 and will respond on or before Oct 29, 2021 09:33:27 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/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy0zOTk4MTEzNDAxMzEM, for request with ticket number #SEC-399811340131.

Thank you.

Respectfully,

Violeta Infante
FOI Officer

Gumtang- Remalante 10:34 AM, Oct 11, 2021 

October 11, 2021

Dear John Vandam GUTIB,

Greetings!

Thank you for your request dated Oct 08, 2021 09:33:27 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your Request

You asked for Harrasment from Pesoq. Too high interest.

Response to Request

Please take note that the Commission is already taking the necessary actions against complaints filed against companies that are under its regulatory supervision.  In your FOI request, it shows that it involves the issue regarding the Company’s high interest rates and high penalty charges. 
Please take note that the Commission does not have the authority to resolve the issues raised in your FOI request which could be the subject of a civil action before the regular courts. Thus, we urge you to seek the aid of a lawyer so that the facts and circumstances of your case may be reviewed and that you may be advised of the remedies available to you. 

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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