Step #1: Learn About Your Rights:
Visit reputable sources like Credit Information Corporation to understand your rights as a borrower.
Step #2: Dealing with Harassment:
If you are being harassed by a lender or debt collector, consider using the SLAP method (Stop, Listen, Assess, Plan).
Step #3: Legal Consequences:
- Online loan Pilipinas lenders can take legal actions if a loan is not repaid. Recognizing the repercussions is crucial.
Step #4: Avoid Unscrupulous Lenders:
Be cautious when borrowing money online in the Philippines. Some lending apps engage in unethical practices. Make sure to borrow from reputable sources to avoid harassment.
Step #5: Contact Authorities:
If harassment continues and becomes unbearable, consider reaching out to relevant authorities like the Bangko Sentral ng Pilipinas (BSP).
Read more: What happen for online loan Pilipinas Not Paid?