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Al Jazeera

Technology

Michael Beltran

In the Philippines, users of loan apps decry deception, threats and debt

Al Jazeera Bobbie Lance Philippines SEC The Philippines Manila NPC

Bobbie, a 22-year-old university student in Manila, says he was bombarded with threatening phone calls and text messages after borrowing money from loan apps including MoreGold and MocaMoca [Michael Beltan/Al Jazeera]

Manila, the Philippines – From the early morning hours to late at night, Lance receives hundreds of threatening texts and dozens of missed calls each day.

When he answers the phone, the person on the other end of the line often immediately hangs up.

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