A borrower reported shaming and threats to contact employers; the SEC fined the lender

A Philippine borrower complained about collection activity after delayed payments. Public reporting on the case said the borrower described shaming language, threats to contact emergency contacts and employers, and persistent third-party contact. The report said the Securities and Exchange Commission reviewed the messages and found Myloan Lending Investors Inc. administratively liable for a second violation of SEC Memorandum Circular 18, in relation to Republic Act 11765. The regulator described the communications as coercive rather than neutral reminders. The SEC directed the company to pay an administrative fine of PHP 50,000. It also warned that another violation could lead to heavier penalties, including possible suspension or revocation of the company's authority. The decision did not erase the debt. The SEC also directed the borrower to settle the outstanding obligations under the loan agreement. Where the story stood The public record establishes the regulator's finding and sanction, but it does not show the borrower's later repayment or settlement outcome. BorrowTalk has not found a public borrower update or a company statement resolving the individual account.