Topics and articles in relation to borrowing or credit. Get more information about loans here at Cash Mart Philippines blog.
BPO agents never fail to rank as the one of the highest paid job in the country in the annual list of both JobStreet and Department of Labor and Employment (DOLE). Each of us has at least one friend or relative who are call center agents and the stories about those agents who are unable to save and in need of immediate cash are not new.
Nowadays, it seems to be able to survive here in the Philippines, we have to resort to loans. Since we are a family oriented country, most of us will do anything to see our relatives getting the comforts we can best give, even resorting to loans just to give what they want.
Who among Filipinos hadn’t experience borrowing money from a family member, a friend, a moneylender, a “Bombay,” or a bank? Even businessmen borrow money, let alone those who work at a minimum wage each day. “Utang” is a part of Filipino culture prominent enough to have caught the attention of Pres. Rodrigo Duterte.
Applying for a personal loan has been easier now that Filipinos have various options where to get loans and which loans should best fit their needs. However, although there are laws and regulations to prevent opportunists from taking advantage of Pinoys’ financial needs there are still a lot of loan sharks lurking around to get an easy prey.
