In recent years, Mexico has experienced an alarming increase in “gota a gota fraud” characterized by its ease of access and lack of formal processes, which makes it a trap for those looking for quick financial solutions.
How does the ”drop by drop” modus operandi work?
The fraudsters, strategically located in busy commercial areas, offer loans ranging from two thousand to 60 thousand pesos. The lack of a formal contract and the operation through fictitious companies are distinctive features.
Seemingly affordable, these loans carry exorbitant interest charged daily or monthly, creating unpayable debts.
At Priego Brito we ensure that at the time of making or requesting a loan it is made to authorized financial institutions and verify in the Bureau of Financial Institutions and the Registration System of Financial Service Providers of the Condusef and thus avoid Fraud.
