Talk of the Town: Online lending menace

Comments on “Online lending menace,” (Editorial, 11/10/25) via https://opinion.inquirer.net:

Credit cards’ interest rate should be reduced as it is almost 50 percent compounded interest rate per annum. The government has been cutting rates, but consumers are not benefiting from it as the bank rates remain elevated. No change at all despite the rate cuts.

Albert Prior

Good that the government is doing something about this. Why can’t these OLAs be regulated like banks or credit card issuers. Left unchecked, this is similar to the SLA scandal a few years ago.

JeRon

Even 6 percent a month is terrible..

andres_1

For the sake of our economic health and social fabric, we must reject this predatory model. OLAs are not a financial solution but a national menace, and they deserve to be outlawed.

Manny Ilao