Huwag Magpagamit: The Truth About Home Credit Product Loan and Qwarta to Cash Schemes

Scammers are becoming more creative in targeting unsuspecting Filipinos. Recently, alarming schemes have surfaced online that prey on Home Credit customers.
Ilan sa mga modus ng mga scammers na DAPAT IWASAN ng Home Credit customers ay:

• Hinihikayat kang mag-avail ng Home Credit Product Loan to Cash. Iaalok ng scammer na bilhin ang device (such as phone or gadget) with cash (sometimes higher than the original price). 
• Kapag hindi mo na kayang bayaran ang down payment para sa product loan, magpipresenta silang bayaran ito at sasamahan ka pa personally sa malls o stores 
• I-aalok na i-convert and iyong HCQWARTA credit limit into cash, with scammers offering to handle the process.

Sa unang tingin, maaaring magmukhang madali at mabilis na paraan para magkaroon ng pera ang mga ito. Ngunit tandaan—ito ay labag sa batas at may kaakibat na mabigat na parusa at responsibilidad para sa sinumang makikisangkot. 

Scammers usually lure customers with promises of fast cash, zero hassle, and even assistance in paying the down payment. Yung iba, nakikipagkita pa sa kanilang mga biktima sa mga malls or stores para makuha ang kanilang tiwala.

Can you really convert a Home Credit product loan or QWARTA to cash? No. Ikaw ang nakapangalan, at ikaw pa rin ang magbabayad. Once the transaction is completed, it is the customer—not the scammer—who is legally bound to pay the loan. 

That means if you fall for these scams, you’re left shouldering the debt. Worse, bigla na lang nawawala or hindi makontak ang mga scammers na ito after pocketing the cash, and you’ll face mounting bills, penalties, and even possible legal cases.

Engaging in “Home Credit Product Loan to Cash” or “QWARTA to Cash” schemes is not just risky—it’s against the law. Ayon sa Republic Act No. 12010 or the Anti-Financial Account Scamming Act (AFASA) at iba pang related regulations, using financing services for fraudulent purposes is considered a crime.

Conversion of Home Credit Product Loans or QWARTA to cash, the use of or allowing the use of another person’s Home Credit account and pre-approved loan offer, as well as the promotion or facilitation of such activities (“Fraudulent Activities”), constitute criminal offenses under AFASA.

Specifically, these acts are considered MONEY MULING, a form of FINANCIAL ACCOUNT SCAMMING under Section 4(a) of AFASA, which are punishable by:

• Imprisonment of six (6) to eight (8) years;
• A fine ranging from ₱100,000 to ₱500,000; or
• Both imprisonment and fine

Kaya kapag hinihikayat ka ng scammers na gamitin nang mali ang iyong loan o credit limit, isinasangkot ka nila sa isang illegal na gawain na siguradong pagsisisihan mo bandang huli.

Home Credit has been clear: huwag magpagamit dahil ikaw din ang maiipit. Here are the real consequences if you give in to these schemes:

• Loan Defaults – Kapag hindi ka nakabayad, madi-default ang account mo. Babagsak ang iyong credit standing at hindi ka na makakahiram ulit sa mga legitimate providers tulad ng Home Credit.
• Blacklisting – Maaaring hindi ka na ma-approve para sa kahit anong klaseng financing service.
• Criminal Charges – Maaari kang makulong sa paglabag ng AFASA

Narito ang ilang mga importantent paalala para maging ligtas ka mula sa mga scams na ito: 

• Ignore Suspicious Offers – If someone asks you to convert your loan or QWARTA to cash, huwag na huwag mong i-eentertain. 
• Think Long-Term – Tandaan na ikaw at ikaw lang ang magbabayad ng loan. A quick money today could mean years of debt and stress in the future.
• Transact Only with Legitimate Providers – Makipag-transtact lamang sa mga legitimate loan providers. Ugaliing gamitin ng responsable ang iyong Home Credit account through official partner stores, the Home Credit App, or payment channels.
• Report Scammers Immediately – If someone approaches you with these offers, i-report ito agad sa Home Credit via:
  • Email: info@homecredit.ph
  • Globe: (02) 7753 5711
  • PLDT: (02) 8424 6611

Mautak na ang mga scammers ngayon kaya dapat mas mautak ka sa kanila. Ikaw lamang ang dapat may access at gumagamit ng iyong Home Credit account. Protect yourself, your finances, and your freedom. Huwag magpagamit—dahil ikaw din ang maiipit.

For more official updates and transactions, get the Home Credit App on the Google Play Store, Apple App Store, or Huawei AppGallery.