Take it easy! Stolen identity used for loan application

Take it easy! Stolen identity used for loan application

By Nancy Carvajal

The National Bureau of Investigation (NBI) has warned the public against a new pattern of using another person’s identity to obtain loans.

Nadya, not her real name, sought help from the NBI’s Organized and Transnational Crimes Division after a bank sued her for non-payment of the monthly installment on a motorcycle loan.

She eventually found out from bank staff that her identity and personal details had been used by another person to obtain a loan for a new motorcycle.

The NBI has already filed a case of identity theft and estafa against one Clark Romero of Quezon City for allegedly using Nadya’s personal data for his own loan application.

An investigation by the NBI showed that Romero obtained Nadya’s personal data because he processed her loan application as an employee of a motorcycle dealership.

Nadya’s loan application, which she filed in May 2023, was rejected even though she had submitted all the necessary documents. She was reportedly told that her salary was not enough to cover the monthly amortization.

“The complainant’s loan application was denied despite a credit check. She even offered to increase her down payment to secure the loan, to no avail,” the NBI report reads.

“The complainant tried to get a loan for other motorcycle units, but this was rejected by the dealer,” investigators said.

The NBI said Nadya failed to request the return of the documents she submitted for the rejected loan application, allowing Romero to keep those documents for himself.