When borrowers in the Philippines search for Peralending harassment complaints online, most are seeking clarity on whether this lending platform is SEC registered, safe to use, or if it engages in illegal collection practices. Based on user feedback and SEC data, Peralending has faced multiple harassment complaints related to debt collection methods. Below is a full review of its background, complaints, registration status, and user experience to help borrowers make an informed decision before downloading or using this loan app.
What Is Peralending?
Peralending is an online cash loan app that claims to offer instant credit to Filipino users through a mobile download. It advertises fast approval and same-day disbursement, which makes it attractive for people needing emergency funds. However, many users report aggressive collection behavior, raising red flags about how the app operates once borrowers fall behind on payments.
1. How It Works
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You can download Peralending via third-party APK sources or links shared on social media.
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Applicants provide personal data and phone access, including contacts, location, and messages.
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Loans are processed digitally, and funds are sent directly to a GCash or bank account.
The simplicity of the process makes it convenient — but also risky if the lender misuses personal data or violates privacy rights.
SEC Registration Status: Is Peralending Legit or Not?
One of the most important factors in evaluating a loan app is whether it is registered with the Philippines Securities and Exchange Commission (SEC). As of the most recent public listing, Peralending is not found among the SEC-registered financing or lending companies.
This means the platform does not have legal authorization to operate lending or collection services in the Philippines. According to SEC Memorandum Circular No. 18, all lending companies must:
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Be officially registered with the SEC;
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Hold a Certificate of Authority to Operate;
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Follow Republic Act No. 9474 (Lending Company Regulation Act).
If a company like Peralending offers loans without proper registration, it may be subject to penalties, suspension, or blacklisting by the SEC.
✅ Tip: Always verify an app’s registration through the SEC website before downloading or borrowing.
Peralending Harassment Complaints: What Borrowers Are Saying
Borrower reports about Peralending harassment are widespread across Facebook, Reddit, and complaint forums. Users claim they were threatened, insulted, or shamed publicly after missing payments — a violation of Republic Act No. 10173, the Data Privacy Act of 2012.
1. Common Complaints
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Harassment via calls and texts: Agents reportedly call borrowers’ friends and family to pressure repayment.
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Defamation: Some users report receiving edited images or messages intended to shame them.
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Data misuse: Contacts and personal information are allegedly accessed without consent.
These actions are illegal under Philippine law, and borrowers have the right to file complaints with the National Privacy Commission (NPC) or the SEC Enforcement and Investor Protection Department (EIPD).
2. Borrower Testimonials
“After I missed one payment, they sent text messages to my entire contact list calling me a scammer.” — Anonymous borrower review, 2024
“Peralending promised low interest, but the collection team used threats and personal humiliation. I regret downloading the app.” — User feedback via Facebook group
Legal Actions and SEC Warnings
In recent years, the SEC has issued multiple warnings about unregistered online lending platforms operating illegally, some of which share similar features with Peralending.
If Peralending continues to operate without registration or violates debt collection ethics, it can be:
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Ordered to cease operations,
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Fined up to ₱1 million, and
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Its operators can face criminal charges under the Lending Company Regulation Act.
Borrowers affected by harassment may file a report with:
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National Privacy Commission (NPC): privacy.gov.ph
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Securities and Exchange Commission (SEC): sec.gov.ph
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PNP Anti-Cybercrime Group: for cases involving digital threats.
Safer Alternatives and Practical Advice
1. Borrow Only From SEC-Registered Apps
Instead of risky apps like Peralending, choose platforms that are verified and listed by the SEC, such as:
These companies maintain clear terms, regulated interest rates, and proper debt collection practices.
2. How to Protect Yourself
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Never grant contact list access to unverified apps.
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Check SEC registration before downloading any loan app.
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Report harassment immediately to the NPC or SEC.
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Use a secondary SIM or separate email when testing new financial apps.
By being vigilant, borrowers can avoid scams, protect their personal data, and maintain good credit standing.
Final Verdict: Should You Download Peralending?
Given the large number of Peralending harassment complaints and the absence of verified SEC registration, downloading or using this app is not recommended.
While it may appear to offer quick cash, the risks of harassment, privacy invasion, and illegal collection far outweigh any benefits.
If you are currently being harassed by Peralending agents, take screenshots, record messages, and submit a formal complaint to the SEC and NPC. Protecting your digital privacy and legal rights is essential in today’s lending environment.
Nicholas Bloom is a renowned British economist and professor at Stanford University, best known for his groundbreaking research on management practices, remote work, and productivity. His studies have significantly influenced how organizations adapt to modern work environments. Bloom has collaborated with leading institutions worldwide and frequently contributes insights on economic growth, innovation, and workplace dynamics, making him one of the most respected voices in contemporary economic research.
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