Use these questions as a starting point for reviewing an offer. They are not a credit assessment or a complete legal checklist. The answers should come from the provider’s current documents, not only from an advertisement.
Who am I dealing with?
Find the company’s legal name and its official contact details. Check authorization through the relevant regulator’s official resources. A familiar-looking logo, app-store listing or registration number in an advert is not proof that you have verified the provider.
What will I actually receive and repay?
Write down the amount disbursed after any upfront deductions, all scheduled payments and any other compulsory charges. Ask the provider to explain anything that does not add up.
When is the money due?
Put each due date beside your expected income and essential spending. Think about a delayed payday or an unexpected expense. The maximum amount offered is not a spending target.
What information am I sharing?
Read the privacy notice and the purpose of requested permissions. Understand who receives the information and how to contact the provider about it. Never give someone your password or one-time security code because they claim it is needed to release a loan.
What if I need help?
Locate the provider’s support and complaint channels before accepting. Ask about missed-payment charges and early repayment rules. Keep the agreement and receipts, and seek clarification early if the schedule becomes difficult to meet.
The BSP’s financial education materials offer a broader starting point for responsible borrowing and personal financial planning.