Alexandoy
VIP Contributor
I have been receiving text messages about a loan up to half a million pesos ($10,000). The instruction is to click the link of the website for more details. To be honest, I have not clicked any link and I have no intention of getting a loan especially from online sources. I am scared of the scam.
My investigation brought me to a friend who wanted to borrow a few thousand from the online lender. The requirement is a credit card but not necessarily your credit card. That means you may need a guarantor for the purpose. It was not clear on how the lender would use the credit card for their purpose but it seems shady. It’s a good thing that my friend did not pursue the loan. We just have to be discerning when borrowing money.
My investigation brought me to a friend who wanted to borrow a few thousand from the online lender. The requirement is a credit card but not necessarily your credit card. That means you may need a guarantor for the purpose. It was not clear on how the lender would use the credit card for their purpose but it seems shady. It’s a good thing that my friend did not pursue the loan. We just have to be discerning when borrowing money.