Can't afford to pay my car loan

**dr. d** · April 5th, 2017 11:20 AM

Originally Posted by rfj

re-assume would be the best, di pa ma blacklist sa bank at the same time mabawi pa kahit konti lang

the usual problem in assume balance, is looking for the assumer of the balance.
the lower the asking price, the larger the loss of money to the seller, the faster the buyer appears.

**miguel20** · February 20th, 2017 12:25 AM

IPA ASSUME MO SIR! Wag na wag mong ipa repossess cause you will never be able to apply for a loan ever again. You will be blacklisted na. Find someone whom you trust to assume the car.

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**cast_no_shadow** · February 20th, 2017 09:05 AM

Yup repo = denied future loan applications

To think your reason is to get a housing loan.

Assume balance na lang, okay if the buyer is paying in cash na para pay-off mo na lang loan.

If financing din, talk to your bank ask for options.

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**_Qwerty_** · February 20th, 2017 11:57 AM

pag na black listed ka hindi na yata natatanggal don sa list.. so kahit anong klase loan in the future.. denied yan..

**sirkosero** · February 20th, 2017 01:56 PM

Usually 10 years if im ot mistaken.

Some banks 5 years black listed

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**ice15** · April 5th, 2017 06:31 PM

I find it strange that "hanzuy" only has 1 post and seems like he never logged-in again after his initial post.

Trying to sell a car is difficult nowadays thanks to the promos offered by various dealerships...

I personally know an ex-colleague who sold his car for nothing! As in just assume the 35k monthly payment for the next 12 months... (If only the car was A/T!!!) - car was 1 year old.

So just a suggestion to guys having issues with car payments... TNV (Grab or Uber) Try to make the car earn money for you before giving up on it.

**Chernhey1930** · May 2nd, 2017 05:12 AM

Originally Posted by ice15

I find it strange that "hanzuy" only has 1 post and seems like he never logged-in again after his initial post.

Trying to sell a car is difficult nowadays thanks to the promos offered by various dealerships...

I personally know an ex-colleague who sold his car for nothing! As in just assume the 35k monthly payment for the next 12 months... (If only the car was A/T!!!) - car was 1 year old.

So just a suggestion to guys having issues with car payments... TNV (Grab or Uber) Try to make the car earn money for you before giving up on it.

Hello everyone, newly here.. ask ko lang po, pa advice nmn po ako, ako po 24months na po na monthly amort ko sa kotse ko, pero sa kasamaang palad po, hnd inaasahang problema s financial. Ano po kaya ang mas ok na maging desisyon? At si casa po ba ang dapat kong kausapin or c bank na? Pls reply po.. thanks.

**shadow** · May 2nd, 2017 08:01 AM

Originally Posted by Chernhey1930

Hello everyone, newly here.. ask ko lang po, pa advice nmn po ako, ako po 24months na po na monthly amort ko sa kotse ko, pero sa kasamaang palad po, hnd inaasahang problema s financial. Ano po kaya ang mas ok na maging desisyon? At si casa po ba ang dapat kong kausapin or c bank na? Pls reply po.. thanks.

Sell your car at loss kung magkano na lang naiwan amount wala ka na makukuha, then pay off the loan. Tapos problema.

Kasi lahat ng wala ng capacity to pay eh ayaw pa rin magpalugi. Eh Sila na nga walang pangbayad Sila pa Meron habang mag demand sa price ng kotse.

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**dr. d** · May 2nd, 2017 09:24 AM

Originally Posted by Chernhey1930

Hello everyone, newly here.. ask ko lang po, pa advice nmn po ako, ako po 24months na po na monthly amort ko sa kotse ko, pero sa kasamaang palad po, hnd inaasahang problema s financial. Ano po kaya ang mas ok na maging desisyon? At si casa po ba ang dapat kong kausapin or c bank na? Pls reply po.. thanks.

the casa has already been fully paid by the bank, po. it is the bank who technically owns the car. you should talk to the bank.
i am with shadow. sell the car at a loss. the earlier, the cheaper, the faster. give it away if you have to. but do not dream to even break even. it just isn't probable. no one in his right mind, will buy a used car, at brand new rates. (that loan agreement you had with the bank, is brand new rates.).
be aware that, if the other tsikoteers here are to be believed, our credit rating is at stake. if our credit rating is blacklisted, we might not be able to make utang again for the next 10 years. baka pati basic credit card, hindi pa...
good luck.

**crazy_boy** · May 2nd, 2017 05:05 PM

Originally Posted by dr. d

be aware that, if the other tsikoteers here are to be believed, our credit rating is at stake. if our credit rating is blacklisted, we might not be able to make utang again for the next 10 years. baka pati basic credit card, hindi pa...
good luck.

Pati credit card blacklisted yan. Kawawa kung blacklisted then you need to apply for a home loan in the next 10 years. Walang chance ma approve yan

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