News
Businesses are borrowing more as bank lending grows 11%
Philippine bank lending grew 11.0% in August, with stronger business borrowing offsetting slower growth in credit card and motor vehicle loans.
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News
Filipinos could soon build their credit scores without credit accounts
House bill wants to count daily digital spending to prove creditworthiness.
1 min read
Financial Literacy
Are abusive OLAs harassing you and your contacts? Here is exactly how to fight back
Abusive online lending apps can use threats, public shaming, and unauthorized contact to pressure borrowers. Learn about your rights and the steps you can take to document and report illegal collection practices.
2 min read
Financial Literacy
“Pautangin mo muna yung account mo”: Why lending your bank account is a crime
Under the Anti-Financial Account Scamming Act, allowing others to use your bank account or e-wallet for financial transactions can make you criminally liable.
2 min read
Advisories
“Pautangin kita, mag-apply ka lang dito”: SEC flags fake loan apps
The SEC has flagged a new batch of unauthorized online lending platforms and fake apps that may put borrowers’ money and personal data at risk.
2 min read