Fully paid car but bank wouldn't release documents

[cast_no_shadow]

perhaps you can talk to the husband who owns the credit card debt. he might only be too happy if you offer to settle the debt.

Saklap!

Badtrip pa niyan hindi in good terms yung mag asawa.

No choice bayadan na din ni TS obligation ni ex wife [emoji24]


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[dr. d]

Saklap!

Badtrip pa niyan hindi in good terms yung mag asawa.

No choice bayadan na din ni TS obligation ni ex wife [emoji24]


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kapit sa patalim...
and TS better do it asap. interest piles up fast in credit card debt.

[cast_no_shadow]

kapit sa patalim...
and TS better do it asap. interest piles up fast in credit card debt.

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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[dr. d]

TS 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.

[cast_no_shadow]

TS 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.

Im referring to the co-makers credit rating.

Ang intindi ko bayadan niya kamo yung CC debt nung co-maker.

Yup consult a lawyer.

Consult BSP like someone posted earlier.


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[dr. d]

Im referring to the co-makers credit rating.

Ang intindi ko bayadan niya kamo yung CC debt nung co-maker.

Yup consult a lawyer.

Consult BSP like someone posted earlier.


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ah ok. noted, po.
and good luck to TS.

[confused shoes]

The problem now is, ayaw irelease ng BDO yung documents ng fortuner ko even if fully paid na ako dahilan sa may utang sa credit card yung co maker (husband) ng original owner.

Wala dapat responsibility nung principal (original owner) sa utang ng co-maker. Baka ang sinasabi ng BDO ay yung owner ng car ang co-maker ng husband? Iipitin talaga.

Get a lawyer.

[remzam]

If 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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[shadow]

kung magkaibang bank bro, OK lang?
e.g.
metrobank car loan
citibank may utang sa cc

Walang problema


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[yebo]

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.

[Lew_Alcindor]

I do not know what it is with banks.

But IMO, they are acting like big a$$h*les here.

What is the relevance of a credit card liability of a co-maker with the purchased unit, and fully paid at that???

Hey! The unit is fully paid!!! There is also a deed of sale...

In hindsight, You should have accomplished this and transferred the liabilities with the bank yourself earlier to eliminate any complications.

Exactly my thought also. Co-maker yung may aberya so bakit ikaw sasabit.
Parang "may utang yung ate ng pinsan ng kapitbahay mo " scenario.

[CLAVEL3699]

Sobrang arte na talaga ng BDO ngayon.

If you have problems with your CC, hindi kana pwede mag open ng bank account sa kanila kahit hindi BDO CC ang problem mo.

[shadow]

Sobrang arte na talaga ng BDO ngayon.

If you have problems with your CC, hindi kana pwede mag open ng bank account sa kanila kahit hindi BDO CC ang problem mo.

Now that's BS, mas wala dapat pakialam bad credit CC sa opening ng savings account.

Ano naman effect sa kanila kung savings account lang open ng meron bad credit sa CC hinde naman checking account yun open.


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[dreamur]

I dont think it is about a co-maker thing. When the loan was entered, husband and wife are jointly liable being a conjugal property hence the credit status of one affects the other. Just offer the bank to settle the CC dues and pray you can claim it from the previous owner/s.

Remind me of a friend who in his younger days was fond of hopping from 1 credit card to another and leaving unpaid dues on his trail. Now he is a manager recieving 6-digit monthly salary but could not even get a postpaid plan with either globe or smart or apply for a car or housing loan because of his credit history.

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[ninjababez]

Walang problema


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Thanks, hanggang ngayon kasi di ko parin ma gets bakit ayaw ilipat sa name ng boss ko yung loan ko.

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[dreamur]

Thanks, hanggang ngayon kasi di ko parin ma gets bakit ayaw ilipat sa name ng boss ko yung loan ko.

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Aware na ba ang bangko na inassumed ng boss mo? Parang may documentation na kailangan nyo ipasa sa bangko.

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[kmb333]

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.

We are actually willing to pay na nga if yun nalang ang paraan, ang problema ayaw din sabihin ng BDO kung magkano yung utang sa credit card nung husband / co maker..

Ang masaklap pano kung nabayaran ko na yung credit card niya e may housing loan pa pala yung loko

Hustisya naman pls mga banko!

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[ninjababez]

Aware na ba ang bangko na inassumed ng boss mo? Parang may documentation na kailangan nyo ipasa sa bangko.

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Nag pass kami bro ng mga requirements nila. yung ADA lang ang ginawa nila pero transfer of "ownership" di na approve.

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[kmb333]

Wala parin update

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[dr. d]

Wala parin update

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has something new occured, that you expect a change in status, po?