Protect Yourself from Scams: A Guide by 1 2 3 Finance Group

Scammers and fraudsters are constantly evolving, developing more creative and sophisticated methods to access your personal information and steal your hard-earned money. Understanding what is a scam and the most common types of fraud empowers you to safeguard yourself and protect your finances effectively.

What is Considered a Scam?

According to the Bangko Sentral ng Pilipinas (BSP), a scam is a fraudulent scheme designed to deceive victims into providing money, leading to financial loss.

Furthermore, Article 1338 of the Civil Code of the Philippines defines fraud as the use of insidious words or deceptive actions by one party to induce another into entering a contract they otherwise wouldn’t have agreed to. These deceitful tactics often involve concealment or omission of critical information, leading to manipulation and financial harm.

Common Types of Scams in the Financing Industry

Advance Fee Requests:
Scammers may contact victims through email or messaging apps, requesting an "advance fee" for quick loan approval or to process a loan application. They often disguise this fee as a processing charge, accompanied by false promises of reimbursement. Remember: 1 2 3 Finance Group do not require advance payments for loan processing.

Direct Payments via Personal GCash Accounts:
Fraudsters may instruct victims to send loan payments through personal GCash accounts. 1 2 3 Finance Group never accepts payments through personal GCash accounts. For secure transactions, our valued OFWs can find us under the BILLS Payment facility in the GCash App or use QR Ph.

Fake Documents and Impersonation:
Be cautious of suspicious documents sent from unknown individuals or fake profiles claiming to be 1 2 3 Finance Group employees. These fraudsters may claim system issues, directing you to send payments to personal accounts. Such documents often contain poor grammar, unprofessional formatting, and are sent via unofficial channels.

Common Signs of Scams in Financial Services

Unprofessional Communication:
Scammers often use informal language, inconsistent messaging, and lack professionalism in their communication.

High-Pressure Tactics:
Fraudsters may pressure you to act quickly, demanding immediate payments or urgent decisions to prevent you from thinking critically.

Grammatical and Typographical Errors:
Legitimate companies maintain professional communication. Be wary of poorly written messages with spelling mistakes or grammatical errors, as these are major red flags.

What Should You Do If You Suspect a Scam?

Scammers are skilled at manipulation, often gaining your trust before exploiting it. Here’s what you should do if you encounter suspicious activity:

Stay Calm and Think Critically:
Don’t panic or rush into decisions. Take time to verify the information provided.

Do Your Due Diligence:
Research and confirm the legitimacy of the message or request. Visit our official website www.123finance.ph or our Facebook Page at www.facebook.com/123financecorp for verified updates. We also post official announcements on our Instagram account (@123financegroup).

Verify Information:
Use trusted sources to confirm any details mentioned by unknown contacts. Check our Contact Us page to find the nearest branch or get in touch with our team.

Report Suspicious Activity:
If you suspect fraud, immediately report it to our Customer Service Team:

Call: 0908-550-0583 | Email: customer.service@123finance.ph

We will help verify the information and guide you on the next steps.

Protect Your Personal Information:
Never share sensitive details or make payments to unverified individuals or platforms.

Stay Safe, Stay Informed

Your security is our top priority at 1 2 3 Finance Group. By staying vigilant and informed, you can confidently protect yourself from scams and fraudulent activities. If in doubt, always reach out to us—we’re here to help! 

We’ve compiled a full list of scam pages, profiles, and groups to watch out for. Check it out here: Mag-ingat sa mga pekeng Facebook accounts