Senate holds hearing on incidents of harassment of borrowers

PTVPhilippines

Senate holds hearing on incidents of harassment of borrowers  For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 7:00 am | 7:30 - 8:00 am Balitang Pambansa - 7:00 - 7:30 am | 12:00 - 12:30 pm | 6:00 - 6:30pm | 9:30 - 10:00 pm PTV Sports - 8:00 - 9:00 am Bagong Pilipinas Ngayon - 12:30 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:30 pm - 7:00 pm PTV News Tonight -  10:00 pm - 10:30 pm  Saturday & Sunday: ►Sentro Balita Weekend - 1:30 - 2:00 pm ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

Transcript

00:00A common saying goes, the hardest person to forget is the one who still owes you money.

00:05But for some borrowers, unpaid debts have turned into a nightmare.

00:09Escalating into threats and harassment, several complaints reached the Senate.

00:13Senator Sherwin Gachalion revealed that scamming people into taking loans has become as easy

00:19as sending us text messages.

00:22However, he said that once a borrower fails to pay on time, they are bombarded with threats

00:27and verbal abuse.

00:29Senator Gachalion also pointed out how simple it is to set up the online lending applications,

00:36making it easier for predatory lenders to operate.

00:39In response, the Senate is intensifying its investigation into these abusive practices.

Category

Transcript

Recommended