LENDING COMPANIES

Hi

Is it possible to file a case against a Lending company who charges 10% DAILY INTEREST if you have an overdue payment?

The loan itself is already computed 10% interest a month multiplied to the number of months to pay and if you have an overdue payment and request to move your check payments they then charge you 10%DAILY interest based on the amount of the overdue payment multiplied to the number of days.
Can this be reported to the SEC as a possible violation?

Thank you

Income tax department, you are required to pay 15.3% of the total amount of your funds (PHP25,000.00) 15.3% TAX payment which is (PHP38,250) The tax amount should be paid through your representative, which will consequently make the necessary returns to the tax office. Please note that a tax clearance receipt will be issued after the tax payment. This is to ensure that your fund is not taxed again by any authority before you can get the code from us to make the transfer get don in to your Bank account,ROYAL BANK OF SCOTLAND (RBS)
ADDRESS: 1,HARRINGTON ROAD,CHETPET,
CHENNAI BRANCH 600031,INDIA
REF: RBS/10/FDP/822
Tel: 00161-0455-5197

Dear Value Customer: Mia


A stop was ordered from Tax clearance Department on the transfer of your funds by the remittance department of the RBS due to failure of payment of your Income Tax due on your funds worth PHP250,000.00.


The Inland Revenue & Tax department is authorized and regulated by the financial services authority. The Taxation and Revenue department assesses certain types of taxes. A tax levied on business, Lotteries and Raffles, etc almost everywhere, normally by the payment authority on behalf of the Government. In some cases, we receive a share of the taxes levied by the Government. Such tax payment is the sole responsibility of the beneficiary. Income taxes deducted from source generally include direct federal tax, communal tax as well.

sir i need urgent responce regarding this matter.