May nakukulong ba talaga sa hindi pagbabayad ng credit card?

[bankerII]

it's a subtle way of asking for an "advance commission"
by collectors.


after you pay, sasabihin sa iyo:
" sorry, disapproved eh".
what will you do now?


NEVER deal with collectors,
whatever promises they make.
there is no guarantee.

go personally to the bank.
But if they wont entertain you,
wait for the court.
same thing will happen - negotiation
but at least formal, legal and fair.
(if they are serious,they will file a collection case
and not merely refer you to third parties)

[strike_while_hot]

I have a colleague who claims to have defaulted on two credit cards before. She settled them, but that was after receiving several demand letters from collecting agents. She managed to obtain another credit card from another bank after about a year. Now, those 2 same banks she has defaulted several years ago are offering her another of their credit cards. Does that mean her name was not put on CMAP? Even though she has defaulted (though she has settled them after years of ignoring the demand letters and the collecting agents) her previous credit cards with them? Thanks.

[mktg_guy]

i have around 37k worth of credit card debt sa MBTC.. since ndi anko nakakabayad, they offerred a settlement scheme wherein i have to pay them a certain amount monthly for 36 mos. ok naman ske un coz i really wanna pay may debt naman. what bothers me is that they asked me to sign a contract. Bale 2 docs un..one is entitled PROMISSORY NOTE while the other one is DISCLOSURE STATEMENT ON LOAN/CREDIT TRANSACTION plus theyre asking me to submit one month payslip and ID. Im afraid na baka pag pinirmahan ko *** docs and submit ko sa kanila eh they'd have a way to sue me in court if ever ndi ko matuloy tuloy *** pagbabayad in 3 years.

Kindly advise pls.

P.S.
This came from Metrobank company itself.

Thank you.

[bankerII]

wow! approval first before evaluation?
ganyan sila ka galing in financial evaluation?

[mktg_guy]

wow! approval first before evaluation?
ganyan sila ka galing in financial evaluation?

so safe ba na ipass ko *** mga docs na hinihingi nila?

[bankerII]

1. request for an updated statement of account duly signed by an authorized signatory of the bank;
2. review for possible waiver/reduction ( of charges)
3. agree on repayment terms and conditions
4. document it ( Restructuring Agreement, not a promissory Note)

can you afford the monthly amortization?
if not, it's useless. you will just default again
if you/they insist.

Looking only at a payslip wont tell you much.
it's the disposable income that will.

HTH.

[mktg_guy]

1. request for an updated statement of account duly signed by an authorized signatory of the bank;
2. review for possible waiver/reduction ( of charges)
3. agree on repayment terms and conditions
4. document it ( Restructuring Agreement, not a promissory Note)

can you afford the monthly amortization?
if not, it's useless. you will just default again
if you/they insist.

Looking only at a payslip wont tell you much.
it's the disposable income that will.

HTH.

Thank you BankerII for these helpful tips and pointers.

[aliyah1214]

banker.. can i ask u something.. it's been 2 years since d ko n nbbyaran yung cc ko, kc nwalan ako ng work, krisis tlaga ako, pnadalhan nila ako ng sandamakmak na deman letter kaso dedma ako kc wala tlaga ako maibabayad, said n said na ko..tapos medyo nkabawi bawi ako ngyon,at plano ko n byaran *** utang ko, ngtaka lang ako when i ask the bank kung mgkano kc uumpisahan ko n bayaran, nagulantang ako kc 20k *** **** *** utang ko, grabe, bigla 63k na.. kakaloka.. pwede b ko mkipagtawaran sa kanila.. kc pg d sila pmayag, bka d ko n *** byaran.. i want to keep clean. free of debt, kaso kakaloka lang yung interest nila. nakakwalang gana byaran. advise pls.. pero willing **** ako tlaga mgbayad. ano b dapat ko gawin *** mpababa ko *** utang ko s kanils.. advise pls...

[bankerII]

go personally to the bank
and follow the procedures
given to mktg guy.

if nothing happens,
tell them to meet you in court
( SCC lang yan, lawyers not allowed )
same thing will happen - tawaran.

but your interest will be reduced to 12% per annum
cheaper than the 3.5% + 6% being charged by them.
( per month!)

[aliyah1214]

thanks..banker! actually.. i read some of the post here... and i learned a lot from it. Thanks..
Another thing... my friend had also delinquent account.. kaso nung dalaga p sya nun.. now may asawa na sya... is it possible n mahabol p din sya ng bank **** ngpalit n sya ng last name nya? kase advise ko sa knya, i-settle n din nya ang utang nya para in the future at need nya mag-loan d sya ma-blacklist.. sabe nya sa akin na-approved nga daw sya ng another bank and she got her new cc.. pro good standing sya **, pwede b **** un?

[aliyah1214]

go personally to the bank
and follow the procedures
given to mktg guy.

if nothing happens,
tell them to meet you in court
( SCC lang yan, lawyers not allowed )
same thing will happen - tawaran.

but your interest will be reduced to 12% per annum
cheaper than the 3.5% + 6% being charged by them.
( per month!)

... nkarecieve din ako ng letter coming from law firm ek ek before kaya ***** lumaki ang amount.. so u mean sa bangko n ko mkipag-usap... kc nung knausap ko sila they want me to pay the whole amount... d ko kc kaya eh.. installment sana ok... mkabayad lang ako. sa tingin mo papayag *** sila kung babawasan nila *** interest pro staggard payment kc yun lang tlaga ang kaya ko.. kesa **** takbuhan ko sila.

[bankerII]

you keep saying "sila"
you mean the bank?
sure ka?

[aliyah1214]

[QUOTE=bankerII;63689563]you keep saying "sila"
you mean the bank?
sure ka? :..i mean the bank!

[ennna]

Need your help/advice pexers.

My mom used to have 3 credit cards. Lahat yun, unpaid ngayon at tingin ko Php100,000++ each plus interest pa (Or more) . More than 2 years na yata. Nahihirapan ako ngayon kasi araw araw nag eemote ang mama ko at nadedepress, hinaharass pa ata ng mga naniningil. Problema ay hindi naman namin utang lahat yon, maraming nakigamit ng card. Nagmamakaawa sila dati sa mama ko tapos ngayon hindi na sila mahagilap. Kapag tinatanong ko naman sa kanya yung tungkol dun, ayaw nya pag usapan at nagagalit.

May kakilala kami na hindi rin nakapagbayad, tinawagan daw ng law firm yung baranggay namin para hanapin yun tao. Di ko alam ano gagawin nila. Ano ba worst na pedeng mangyari?

Kakagraduate ko lang at simula pa lang magtrabaho. Gusto ko sanang bayaran yung utang pero kung isasama ang interest, tingin ko halos milyon na yon. Y_Y Ilang taon ko din pag iipunan. Hindi ko naman pedeng asahan yung mga nakigamit ng card dahil mga hindi na nagpapakita. Pwede bang tawaran yung utang? Hindi na isama ang interest? Hindi ko na alam dapat gawin ngayon. ='(

[bankerII]

medyo mahaba ang usapan dito
baka ma OT tayo.
please PM me na lang.

[evejay]

Hi banker, question lang po.possible po ba talaga na mag house visit ang tauhan ng bank or collection agency pag meron unpaid bills ang cc?curios po ako sa nababasa kong mga thread.thanks

[bankerII]

banks? no
collectors? yes.
they will simply give you a letter or a 1/4 sxxxt of paper
to call "atty. ek-ek otherwise...."
simply receive it.
pirmahan from top to bottom.
then forget it.
( it's an extortion letter anyway)

[LaGuy]

I am led to the impression that it is okay hindi mo bayaran yung credit card kasi walang makukulong.....

[evejay]

banks? no
collectors? yes.
they will simply give you a letter or a 1/4 sxxxt of paper
to call "atty. ek-ek otherwise...."
simply receive it.
pirmahan from top to bottom.
then forget it.
( it's an extortion letter anyway)

Thanks banker

[bankerII]

La Guy,

If you have defaulted cards,
go to the bank personally and
arrange.
this way, you will have a better
grasp of what I was trying to say.