Personal Development, Finance, and Investing For Filipinos
An investment in knowledge always pays the best interest. Financial Education is your best investment.
Beware of the online fraud lenders! The number of fraudsters offering fake bank loans and/or credits online, on social media networks such as Facebook, or by email has increased considerably.
A scheme where fraudsters pretend as private individual lenders or claim to operate on behalf of a legitimate financial institution. They offer lenders credit lines or loans online, either through a website or social media platforms. Fraudsters will put more focus on collecting upfront fees for the so-called credit scoring or loan application and gathering the victim’s personal details for potential or abusive fraudulent financial transactions.
Before availing of a loan from a credit provider through a website or social media platform:
Do your research
Verify the online lender’s licenses, registration, and authorization documents
Follow these basic tips to protect yourself
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ABOUT THE BLOGGER
Hi, I'm Ralph Gregore Masalihit!
An RFP Graduate (Registered Financial Planner Institute - Philippines).
A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy).
Currently, I'm working my way toward time and financial freedom.