Please help us OFW
Hi to everyone, Actually I initiated posting this concern via POEA forum already but haven't got a clear answer but I knew I helped a lot of OFWs or aspiring OFWs because of this concern. What I am referring is, about this E-Cash Financing establishment located in Manila. I was one among those creditors of this lending firm. My concern or not only mine but ours, is that this lending firm add on too much interest to our principal debt. Imagine if I was borrowing this firm of about Php50,000, this firm will collect us with the same amount plus interest based on their computation but of different currency. In which this was not clearly stated or elaborated during the orientation. Meaning wherever country we will be working with, the currency we have should be applied upon paying our capital loaned amount of Php 50,000. If I am working in taiwan or in hongkong, I should pay this firm in NT$50,000 or HK$50,000 respectively. If you can only view the POEA forum of this post, you can see the bad experiences we got from this firm and of what we really want...as OFW... Please help us correct this firm and have mercy on us with pending accounts and subpoenas. The interest this firm used is really too high. Thank you very much and I hope this time I got a clear answer.
Hi to everyone, Actually I initiated posting this concern via POEA forum already but haven't got a clear answer but I knew I helped a lot of OFWs or aspiring OFWs because of this concern. What I am referring is, about this E-Cash Financing establishment located in Manila. I was one among those creditors of this lending firm. My concern or not only mine but ours, is that this lending firm add on too much interest to our principal debt. Imagine if I was borrowing this firm of about Php50,000, this firm will collect us with the same amount plus interest based on their computation but of different currency. In which this was not clearly stated or elaborated during the orientation. Meaning wherever country we will be working with, the currency we have should be applied upon paying our capital loaned amount of Php 50,000. If I am working in taiwan or in hongkong, I should pay this firm in NT$50,000 or HK$50,000 respectively. If you can only view the POEA forum of this post, you can see the bad experiences we got from this firm and of what we really want...as OFW... Please help us correct this firm and have mercy on us with pending accounts and subpoenas. The interest this firm used is really too high. Thank you very much and I hope this time I got a clear answer.