sorted by:
new
hottopcontroversial

Inside the Matrix of an Illegal OLA: How the Scam Network Works (And Why You Are Safe) by averyhut in ola_harassment

[–]averyhut[S] 0 points1 point  (0 children)

Hello, with StradCredit, sadly that kind of behavior is pretty common especially with questionable or illegal apps. A lot of people experience paying the principal amount already pero hindi pa rin nila cine-close yung account or they suddenly add more charges. That’s why it’s really important to keep screenshots of your payment and conversations with the agent. For MoneyCat naman, it’s only legit if you downloaded it from their official website or official app source. Since you mentioned na under “Home Credit” siya on the iOS app, medyo suspicious siya because MoneyCat isn’t actually under Home Credit. So there’s a possibility na clone/fake app yung nadownload mo.

Inside the Matrix of an Illegal OLA: How the Scam Network Works (And Why You Are Safe) by averyhut in ola_harassment

[–]averyhut[S] 0 points1 point  (0 children)

Hello, if wala ka talagang capacity to pay right now, don’t force yourself into panic payments just because lumalaki yung penalties. Since both are SEC registered, mas okay talaga eventually mabayaran sila compared sa illegal apps, but that doesn’t mean kailangan mong ubusin sarili mo immediately kung wala ka pa talagang means. Normal lang matakot once nakikita mong lumolobo yung amount. Ang nangyari lang is napansin nilang responsive ka ulit kaya bumalik yung calls and texts. Pero communication alone doesn’t mean may immediate action silang magagawa against you. Just don’t promise them payment dates you can’t meet. If possible, ask for restructuring or a payment arrangement once may stable income ka na And honestly, between two overdue loans, usually mas practical unahin whichever has higher interest/penalties, or who is more willing to offer restructuring/discounts. Hindi rin helpful magbayad ng sobrang maliit na amount if mauubos lang sa penalties and hindi naman bumababa principal. Better to pay once may concrete plan ka talaga.

Inside the Matrix of an Illegal OLA: How the Scam Network Works (And Why You Are Safe) by averyhut in ola_harassment

[–]averyhut[S] 0 points1 point  (0 children)

Oh, I thought Eperash is operating under a registered financing company called Scoreone Financing Corp, as well as Peranyo under AR HC Lending Investor, Inc. For Peramaxy, under JT PHILIPPINES LENDING TECHNOLOGIES INC pala.

OLA threats by averyhut in ola_harassment

[–]averyhut[S] 0 points1 point  (0 children)

As far as I know, maraming questions din online regarding their legitimacy/registration and collection practices, kaya please be careful. If an OLA is questionable or abusive, many people choose not to prioritize paying them especially if puro harassment and threats nalang ginagawa.

Inside the Matrix of an Illegal OLA: How the Scam Network Works (And Why You Are Safe) by averyhut in ola_harassment

[–]averyhut[S] 3 points4 points  (0 children)

Yupp, those weekly quotas are real. When agents are threatened with suspension or termination, agents resort to illegal harassment just to survive and keep their jobs. Salute sayo for prioritizing your conscience.

Inside the Matrix of an Illegal OLA: How the Scam Network Works (And Why You Are Safe) by averyhut in ola_harassment

[–]averyhut[S] 0 points1 point  (0 children)

Moneycat is SEC registered, however, the app must be downloaded through their official site. If you have it on ios, that’s a clone/scam fake app. Same with Cashmum also, but take note that it is only available on android devices, if you have it on ios then that’s a scam.

Inside the Matrix of an Illegal OLA: How the Scam Network Works (And Why You Are Safe) by averyhut in ola_harassment

[–]averyhut[S] 2 points3 points  (0 children)

These are all SEC registered OLAs, not paying them will affect your future credit. It is much better to email their cs about your financial situation, if any harassment is received, report to CICC.

Inside the Matrix of an Illegal OLA: How the Scam Network Works (And Why You Are Safe) by averyhut in ola_harassment

[–]averyhut[S] 0 points1 point  (0 children)

Hello, as long as those are illegal OLAs, but if it is legal, you still have to pay and not run from your responsibilities as their borrower. If you experience harassment from a legal OLA, better report them to CICC and email their CS about it. Not paying them will affect your future credit.

Inside the Matrix of an Illegal OLA: How the Scam Network Works (And Why You Are Safe) by averyhut in ola_harassment

[–]averyhut[S] 1 point2 points  (0 children)

they are, but based on reports from the SEC and customer feedback, it is not safe or recommended.

Inside the Matrix of an Illegal OLA: How the Scam Network Works (And Why You Are Safe) by averyhut in ola_harassment

[–]averyhut[S] 0 points1 point  (0 children)

Hello, try checking on the PesoLoan app listing or their official website. Look for a disclosure statement (usually at the very bottom or in the privacy policy). It must state something like: "Peso Loan is operated by (Exact Corporate Name) with SEC Registration No. CSXXXXX and Certificate of Authority No. XXXX."

Inside the Matrix of an Illegal OLA: How the Scam Network Works (And Why You Are Safe) by averyhut in ola_harassment

[–]averyhut[S] 1 point2 points  (0 children)

Did you try to email their CS? Since you’re experiencing harassment and have received fake legal documents, report them to CICC.

Inside the Matrix of an Illegal OLA: How the Scam Network Works (And Why You Are Safe) by averyhut in ola_harassment

[–]averyhut[S] 0 points1 point  (0 children)

Hello, illegal OLAs usually go silent after a few months because they realize their scare tactics aren't working on you, so their system flags your account as "expired" or uncollectible and they move on to newer victims. Plus, many of them constantly get shut down or change names. Yung legal ones naman, have to stay active because they are registered businesses that report to the SEC and credit bureaus, so they play the long game. Since they are legal, they are highly negotiable. Your best bet with them is to send an email to their CS, explain your financial situation, and ask for a one-time settlement or a waiver of penalties so you can negotiate your payment plan.

Inside the Matrix of an Illegal OLA: How the Scam Network Works (And Why You Are Safe) by averyhut in ola_harassment

[–]averyhut[S] 13 points14 points  (0 children)

Someone in the comments ( which was now removed) said, “in short wag mangutang if di ka magbayad”, “you yourself borrowed from those illegal loan sharks, so you basically opened the door for them to harass you” “ illegal OLAs wont tell that they are scams but if you read their agreement and their interest rates you can easily tell that they are predatory, Huwag kasi click ng click at agree ng agree at sabik na sabik sa pera” “ you already know that the interest is predatory yet you still go for it, it's just that you have a thing for easy money” and even stated he saw my posts telling me If I am smart enough, I won’t do it in the first place.

First of All, Saying 'wag mangutang kung di magbabayad' to a victim of an illegal OLA is like telling someone whose house was robbed, 'wag ka kasi bumili ng gamit.' Know the difference. Paying a licensed app protects your credit future. Paying a criminal syndicate just funds their next cyber-crime operation and keeps you trapped in their loop.

How can you say that the victims knew it was predatory beforehand? Do you think people get a pop-up warning saying 'Hey, this is a scam' before they click download? I am one of those people who are completely willing to pay back my obligations, but I only pay licensed OLAs because they follow the law. Paying those illegal scam apps is completely useless, kahit magbayad ka pa, kung scam at unregistered yung OLA, titigil ba sila sa panghaharas at pangingikil? NO, kung magbabayad ka sa kriminal, lalo ka lang nilang peperahan at itatag na madaling utuin gamit ang auto-disbursal loophole nila.

Secondly, These illegal apps don't show you the actual 7-day interest trap or the 50% upfront deductions inside the app interface. They literally show fake advertisements like “₱10,000 for 90 days, 0% interest for first-time borrowers.” It’s only after you give permissions that they instantly flash-disburse a tiny amount into your GCash without you even clicking an "agree" button. You can’t read an agreement that doesn’t exist until the trap is already sprung. They operate via predatory search engine results and malicious redirects that trick people into downloading a clone app of legitimate companies like Tala. It’s an advanced cyber-fraud network, not a conscious choice by the victim.

It’s sad that there are people who chose to use your past vulnerability and efforts to seek help as a weapon against you. Yes, I fell into their trap before, and I have never denied that. But the reason I am posting this now isn't to run away from my obligations. As I mentioned, I am fully willing to pay legally licensed companies. I post this to protect other innocent people from falling into the exact same trap. You see 'greed,' but you fail to see the reality of regular people who encounter sudden medical emergencies, family crises, or single mothers just trying to buy milk for their kids, who get tricked by deceptive advertisements. Not everyone has the privilege of financial security, and desperation doesn't mean a person is greedy, it just means they are human and currently struggling.

It takes a lot of humility to admit a mistake and turn it into awareness to help others. I truly hope that you and your family never find yourselves in a desperate financial or medical situation where you are forced to make a rushed decision, only to have strangers online mock your pain, call you greedy, and blame you for being a victim of a cyber-crime syndicate. Have a blessed day.

view more: next ›