Ang daming ford everest na repossessed

[EQAddict]

Curing period for bad loans is 8-9 years . No way you can get a loan for a house/business/another car in that timeframe. Banks make it easy for first time loaners to get a loan. Afterall more people will end up paying and becoming good customers vs those that will default. But once you default then the banks will make you suffer for a loooooong time.

[yebo]

My bank manager told me 10 years bago mabura credit record. Pero meron mga loans ngayon na sobra kawawa ang banks. Meron ako mga neighbors dun sa dati naming subdivision na na-Ondoy. They mortgaged their properties tapos kahit isang sinkong duling di nagbayad. Malamang ang mga yun di na ulit makakautang kahit kailan, forever banned na. May premeditation kasi, di naman sila yung di nakabayad dahil naghirap kundi nagplano talaga.