A group of victims who were harassed and intimidated by online lending platforms' collection agents filed various complaints before the Philippine National Police Anti-Cybercrime Group on Saturday.
The Philippine Association of Loan Shark Victims Inc. led by its founder Vanessa Burdeos, trooped to Camp Crame to file cyberbullying, harassment, grave threat, and data privacy violations against 15 online lenders. PALSVI’s complaints stemmed from the harassment, humiliation, and threats experienced by its members from the collecting agents of online lenders if they were unable to pay their loans on time, according Luisito Santos’ report on Super Radyo dzBB.
In a previous report from 24 Oras, some online lending firms have allegedly resorted to harassment to collect from debtors whose payments have been delayed. One of the lending apps allegedly even sent a client aPALSVI urged the government and Congress to draft laws against the abusive practices of online lending firms.
The SEC has also been receiving complaints of abusive debt collection practices and other violations of online lending applications as it recently took down more entities engaged in unauthorized lending activities, Villanueva said in his resolution. in Pasay City for allegedly harassing and humiliating their debtors on social media.