Scammers
I just want to share my experience about our lending business. Please feel free to comment and give ur suggestions.
We have a lending business in Bacoor. Then as we operate, we had a client. She seems trust worthy. Then, she started recommending people to us. At first, she pays good so we trusted her. Until it came to a point in which we only accept people she recommend. She also volunteered to collect the money from the people she recommended. We agreed because we trust her.
Then one day, her remits went incomplete. 3 days straight. Then she said that she will cover it up by making another loan to us and subtract the amount of incomplete remit. We agreed again because we trust her.
And then, one day, we called one of the person she recommended and asked that one person why is she not paying according to our collector. Then she revealed that she have no loan. She just went to us to sign papers so that she can get the loan and once she received the money, she will give it to our collector and then she will get paid 500 pesos.
Our collector also have friends. Those friends also recommend people to her and she will recommend them to us. Because we only trust her. Now, it is hard for us to collect money because we don't know if who really have the money and to whom should we collect the money from.
The borrowers signed contracts, but those who received the money seems like they are moving from the shadows.
Please guys beware of these kinds of people.