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    Date: 2022-08-19 17:13:25.411997

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    Date: 2022-08-22 07:19:47.573293

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    Date: 2022-08-25 08:11:05.099681

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Information about Moneycat Lending Company

Requested from SEC by E. Montalla at 05:13 PM on Aug 19, 2022.
Purpose: Stop Moneycat lending operation for ridiculous high
Date of Coverage: 07/24/2022 - 08/14/2022
Tracking no: #SEC-328879699172

Montalla 05:13 PM, Aug 19, 2022

Dear Maam/ Sir

I am writing to bringMoneycat loan company to your attention for charging ridiculous high rate.  I borrowed 8000 pesos  and they charged me 11530 pesos for a period of 21 days ( July 24 - August 14) Unfortunately , I lost my job just now and asked if they could extend it and let me pay as soon as I have the fundings. They didnot care about my situation. To my surprise, after just 5 days  the accumulated amount to pay is now already 14, 054 .  In my understanding this lending company is scamming me and taking advantages of the situation. This is by nature a harrassment.. 
HELP

Gonzales 07:19 AM, Aug 22, 2022

August 22, 2022

Dear Engeli,

Thank you for your request dated Aug 19, 2022 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Information about Moneycat Lending Company.

We received your request on Aug 19, 2022 and will respond on or before Sep 09, 2022 05:13:25 PM, 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/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy0zMjg4Nzk2OTkxNzIM, for request with ticket number #SEC-328879699172.

Thank you.

Respectfully,

Isma Gonzales
FOI Officer

Gumtang- Remalante 08:11 AM, Aug 25, 2022

August 25, 2022

Dear Engeli Montalla,

Greetings!

Thank you for your request dated Aug 19, 2022 05:13:25 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your Request

You asked for Information about Moneycat Lending Company.

Response to Request

Please take note that the Commission is already taking the necessary actions against complaints filed against companies that is under its regulatory supervision.

To find out more about the specifics of your complaint, you may file a formal complaint with us by following the instructions below:


1. To File a Formal Complaint Against a Lending or Financing Company
Download and fill out the Complaint Form completely and accurately: https://www.sec.gov.ph/wp-content/uploads/2021/04/2021FORM_Updated-Complaint-Form.docx

2. Provide the necessary attachments, namely:
a. relevant documents and evidence that will support your claim/s or allegation/s ( e.g. screenshots of text messages and conversations with the financing/lending company);
b. loan agreement (if any);
c. valid government-issued ID; and
d. evidence/proof that you have exhausted all remedies against the company concerned before filing your complaint with the SEC.

3. Indicate the following personal information of the complainant in the complaint form:
a. personal e-mail address;
b. personal contact number/s; and
c. address (in the Philippines) where you may be furnished a copy of letter/s and order from the Commission.

4. Use the below format in the subject head of e-mail in sending the complaint form to cgfd_md@sec.gov.ph:
COMPLETE  NAME_RESPONDENT COMPANY _SUBJECT OF COMPLAINT
(ex: JUAN DELA CRUZ_ABC LENDING_DISCLOSURE STATEMENT VIOLATION)
 
5. Submit one complaint form per respondent company.
 
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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