Posted by juliamorris4
- 05.20.2020, 10:29 AM
Microcredit is very popular today. Many people use quick loans online, because it is very convenient, and registration takes several minutes, and it is not necessary to visit the organization’s office, you just need to have access to the Internet and a bank card on hand.
However, some citizens doubt the conditions and legality of obtaining a loan in MFIs, and tend to believe myths that are far from reality.
Consider all the myths together and make sure of their untruth:
Myth # 1: MFIs are dubious companies with a poor reputation that cheat on borrowers.
Creditor companies operate exclusively within the framework of the law, in accordance with the Law on Financial Services and State Regulation of Financial Services Markets.
It should be remembered that you do not need to choose companies that have recently opened and their website does not have information about registration by the National Commission.
Location: Moratuwa, 1, Philippines