Money Blog
You may also like
Money Blog
You may also like
Skip links


This is to inform the public that AND Financing Corporation doing business under the name and style “etomo” (formerly “LendPinoy”) is NOT IN ANY WAY connected or affiliated with the “LendPinoy” app currently found and downloadable in Google Playstore.

Please be informed that AND Financing Corporation is no longer using the trade name “LendPinoy” in doing business, but it DID NOT authorize the developers of this “LendPinoy” mobile app to use the “LendPinoy” trade name, which the company still owns.

Any and all attempts of the developer of this “LendPinoy” mobile app to associate itself with AND Financing Corporation is UNAUTHORIZED and FRAUDULENT. Hence, we strongly urge the public to not in any way access or deal with this mobile app.

Please refer to our Facebook page to know more about it.

How to Avoid Loan App Scams

⛔️ How to Avoid Loan App Scam ⛔️

In the online world, it’s easy to fall for tricky apps that pretend to help but end up causing harm. Some pretend to give loans, some act like they’re from your bank, and others promise big money from investments. It’s important to know how to spot these scams and keep your money safe. This guide will help you understand common scams and provide simple steps to protect yourself online, as well as what to do if you fall for a scam.

Here are some common types:

1. Fake Loan Apps:

These apps promise easy loans with low interest but end up taking personal info and fees without giving any loan or with hidden charges.

How to easily check : 

  • Promise: Offer easy loans with low interest rates.
  • Reality: After users provide personal info and pay potential fees, they receive no loan or face hidden charges and high interest rates.

2. Phishing Apps:

Pretending to be from banks or brands, these apps trick users into giving login info or credit card details, which scammers steal.

How to easily check : 

  • Promise: Pretend to be from banks or brands.
  • Reality: Trick users into giving login info or credit card details, which scammers then steal.

3. Fake Investment Apps:

These apps promise big returns but often steal user funds in complex schemes.

How to easily check : 

  • Promise: Guarantee high returns on investments.
  • Reality: Often elaborate Ponzi schemes designed to steal user funds

Protect Yourself:

1. Download only from trusted sources like Google Play or Apple App Store:

Trusted app stores have security measures in place to screen and verify apps before making them available for download. Downloading from these official stores reduces the risk of getting counterfeit or malicious apps.

2. Check reviews for concerns:

User reviews provide insights into others’ experiences with the app. Check for patterns of issues or concerns raised by multiple users. If many reviews highlight problems or suspicious activities, it’s a red flag that the app may not be trustworthy.

3. Be wary of apps asking for too many permissions:

Some apps request more access to your device or personal information than necessary for their functionality. Be cautious if an app asks for permissions unrelated to its core purpose, as this could indicate potential misuse or data harvesting.

4. Read the app’s privacy policy:

A privacy policy outlines how the app collects, uses, and protects your personal information. Reading this document helps you understand how your data will be handled. Legitimate apps have clear and transparent privacy policies, while scam apps may have vague or absent policies.

5. Be cautious of too-good-to-be-true offers:

Scam apps often lure users with offers that seem too good to be true, such as unbelievably low-interest rates or guaranteed high returns. Exercise caution and skepticism, especially if an app’s promises appear unrealistic or far more advantageous than those of reputable services.

What to do if you send money to an online app scammer

We understand how tough it is if you send money to an app scammer in the Philippines. 

Here’s what you can do:

Immediate Actions:

1. Stop Contact:

  • Block the scammer on phone, email, and social media.

2. Report to Authorities:

2.1 Local Police Department

2.2 Philippines National Bureau of Investigation (NBI):

2.3 Bangko Sentral ng Pilipinas (BSP):

  • File online: BSP Consumer Protection Unit
  • Call hotline: +632 876-2070

2.4 Contact Your Bank:

  • Inform your bank ASAP. Ask about stopping the transaction or recovering your money.

3. Gather Evidence:

Keep copies of messages, app/website screenshots, and transaction records.

4. Additional Steps:

  • Change Passwords:
  • Update passwords for compromised accounts, including banks, email, and social media.

5. Monitor Credit:

  • Use credit monitoring services to watch for any suspicious activities related to your identity.

6. Raise Awareness:

  • Share your experience on social media or forums to warn others and prevent more victims.

Getting money back from scammers is challenging, and success varies. Acting fast and following the steps mentioned can increase your chances. Don’t be embarrassed; scammers target vulnerable situations. Reporting helps authorities track scammers and protect others. Stay cautious with online financial services, and if you are looking for a safe and legit loan app check out here!

Leave a comment