Results 21 to 30 of 76
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June 26th, 2016 10:56 PM #21
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June 26th, 2016 11:00 PM #22
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June 26th, 2016 11:09 PM #23
It will COST TS much for sure.
Tinakbuhan yung CC debt eh?
For sure it is a huge amount.
You will not destroy your credit rating credibility for a small amount, if you will destroy it probably you'll make sure its worth it.
Still not worth it. LOL
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June 26th, 2016 11:13 PM #24TS bought the car. he did not buy the debt.
TS's CC status will not be affected one bit, if debt never gets paid.
but... sayang din yung car. tanungin mo na, TS. at this point, what else do you stand to lose?
TS can also consult a lawyer, to see what his status vis a vis ownership of the vehicle, really is.Last edited by dr. d; June 26th, 2016 at 11:17 PM.
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June 26th, 2016 11:22 PM #25
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June 26th, 2016 11:29 PM #26
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June 27th, 2016 12:07 AM #27
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June 27th, 2016 12:15 AM #28If the bank has no information that this is an assume balance and the transaction only involved TS and the original owner of the car, then as per bank's perspective, the car still belongs to the original owner.
Yun ang problema. Thus they really can hold the release of the documents.
From their eyes, pagaari pa rin ito ng taong may atraso sa kanila. Or at least the co owner. Kaya iipitin talaga.
Hope everything will be settled soon though. Let us know what happens TS. We know you are in good faith but if the bank does not know of your transaction with the original owner....
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June 27th, 2016 07:46 AM #29
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June 27th, 2016 09:19 AM #30
imho dapat walang pakialam yung utang ng co-maker dun sa utang ng principal.
i suggest t consult a lawyer. pero pag wala talaga then go for a compromise agreement, say 50% of the principal of the cc debt with no interest. tutal written off na nila yun sa books nila.
Choice I would have made as well.:nod:
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