SCAMMERS and scam incidents are on the rise, especially in recent months, said Global Dominion customer service head Sarah Tabing. The observed increase in reported online lending scams was seconded by other financing companies such as SAFC, Global Cebuana, Cycle Financing and Cebuana Cycle. The common malicious scheme starts with someone pretending to be a representative of a lending or financing company and encouraging financial consumers to process a loan application online with his help.
These companies met to sign a memorandum of understanding to share best practices when it comes to handling scams and continue to help improve the awareness of the public about various online and offline scamming schemes.Jerwayne Corsino, COO of SAFC, reminded the public to be more vigilant when dealing with people online, especially when they demanded money before any formal transactions were completed.