The holiday rush often brings out the best in Filipinos, from generosity to family traditions. Unfortunately, it also opens doors to schemes designed to lure consumers with promises of easy money. As more Filipinos rely on digital financing for big ticket purchases, scammers have found new ways to target Home Credit users.

Home Credit Philippines is reminding customers that staying alert can protect not only their money but also their peace of mind this festive season.

The new tactics scammers use

Reports show that some individuals approach Home Credit customers who already have pre approved offers, presenting themselves as friendly advisers. They may suggest that a customer take out a product loan and sell the gadget to them for cash. To make the offer look harmless, they may even add a small incentive, such as a higher buying price.

There are cases where scammers offer to shoulder the down payment or personally accompany customers to a store. The intention is to build trust quickly. Another version of the scam involves people convincing customers to convert their HCQWARTA credit limit into cash, assuring them that they will manage the process and the payments.

These schemes often look like shortcuts, especially during the busy holiday season. But what follows is a financial setback that the customer alone will be left to face.

Why the risks are bigger than they seem

Once the loan is approved and the item is handed over, scammers usually vanish. The borrower is then left with monthly payments under their name. If payments are missed, the loan can fall into default. This affects credit scores and limits future access to legitimate financing.

The worry does not end there. Participating in loan to cash offers is considered a form of money muling under the Anti Financial Account Scamming Act. Customers who allow another person to use their Home Credit account or pre approved loan offers may be held liable. The penalties include possible imprisonment and significant fines.
These consequences can overshadow what initially looked like a quick solution. Instead of extra Christmas cash, victims are left with debt, penalties, and legal risk.

How consumers can protect their holidays and their accounts

Home Credit encourages consumers to treat any offer involving loan conversion or credit limit conversion as a warning sign. Customers are reminded that any loan issued under their name is their full responsibility, even if someone else persuaded them to take it.

To keep accounts secure, transactions must be done only through official Home Credit partner stores, the Home Credit App, or verified payment channels. Customers should never allow another person to handle their account or make decisions on their behalf.

Suspicious encounters or offers should be reported immediately through the company’s official channels. Quick reporting can prevent further harm to others.
Email: info@homecredit.ph
Globe: (02) 7753 5711
PLDT: (02) 8424 6611

A reminder for a safer season of joy

Home Credit emphasizes that every loan represents a customer’s goals for their family. Fraudulent schemes threaten that hard work by turning trust into trouble. Staying vigilant can help families focus on what truly matters this Christmas, from festive meals to long awaited reunions.

By keeping transactions secure and ignoring tempting shortcuts, Home Credit users can ensure their holidays remain joyful, peaceful, and scam free.