Securities and Exchange Commission

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  • REQUEST SUBMITTED

    You have submitted an FOI request

    Date: 2022-09-14 00:40:39.184867

  • PROCESSING REQUEST

    Your request is already in review

    Date: 2022-09-14 08:19:05.842122

  • REQUEST SUCCESSFUL

    Your request was successful

    Date: 2022-09-20 09:35:33.882932

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Fast Cash very high interest

Requested from SEC by R. Dugay at 12:40 AM on Sep 14, 2022.
Purpose: Request to help me to communicate to them to lower the penalties.
Date of Coverage: 08/10/2022 - 09/14/2022
Tracking no: #SEC-397151096509

Dugay 12:40 AM, Sep 14, 2022

Hello, I borrow money to Fast Cash and the amount I borrowed is 3k but the net of my loan is just  2,250 Pesos and I wil return 3,100 pesos to them within 7 days. I got past due due to some financial expenses problem and I wasn't able to pay the whole debt. I already paid them P 1,700 pesos last Aug. 17 and my balance with them is 2,900 Pesos but then my balance now raised to  4,400 Pesos. That is my balance with the penalty within 2 weeks after partial pay I am seeking for help for me to pay it in fair. Can I just return them the remaining balance with the amount I just received ? Thank you.

Gonzales 08:19 AM, Sep 14, 2022

September 14, 2022

Dear Ray Ann,

Thank you for your request dated Sep 14, 2022 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Fast Cash very high interest.

We received your request on Sep 14, 2022 and will respond on or before Oct 05, 2022 12:40:39 AM, 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://batchonboard20190219-dot-efoi-ph.appspot.com/requests/aglzfmVmb2ktcGhyHQsSB0NvbnRlbnQiEFNFQy0zOTcxNTEwOTY1MDkM, for request with ticket number #SEC-397151096509.

Thank you.

Respectfully,

Isma Gonzales
FOI Officer

Gumtang- Remalante 09:35 AM, Sep 20, 2022

September 20, 2022

Dear Ray Ann Dugay,

Greetings!

Thank you for your request dated Sep 14, 2022 12:40:39 AM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your Request

You asked for Fast Cash very high interest.

Response to Request

To find out more about the specifics of your request, 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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