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  1. Join Date
    Nov 2009
    Posts
    11,786
    #21
    Quote Originally Posted by dr. d View Post
    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 Fully paid car but bank wouldn't release documents


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  2. Join Date
    Mar 2008
    Posts
    38,486
    #22
    Quote Originally Posted by cast_no_shadow View Post
    Saklap!

    Badtrip pa niyan hindi in good terms yung mag asawa.

    No choice bayadan na din ni TS obligation ni ex wife Fully paid car but bank wouldn't release documents


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

  3. Join Date
    Nov 2009
    Posts
    11,786
    #23
    Quote Originally Posted by dr. d View Post
    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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  4. Join Date
    Mar 2008
    Posts
    38,486
    #24
    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.
    Last edited by dr. d; June 26th, 2016 at 11:17 PM.

  5. Join Date
    Nov 2009
    Posts
    11,786
    #25
    Quote Originally Posted by dr. d View Post
    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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  6. Join Date
    Mar 2008
    Posts
    38,486
    #26
    Quote Originally Posted by cast_no_shadow View Post
    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.

  7. Join Date
    Jun 2012
    Posts
    1,490
    #27
    Quote Originally Posted by kmb333 View Post
    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.

  8. Join Date
    Jan 2013
    Posts
    1,853
    #28
    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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  9. Join Date
    Oct 2002
    Posts
    34,196
    #29
    Quote Originally Posted by ninjababez View Post
    kung magkaibang bank bro, OK lang?
    e.g.
    metrobank car loan
    citibank may utang sa cc
    Walang problema


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  10. Join Date
    Oct 2002
    Posts
    10,808
    #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.

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Fully paid car but bank wouldn't release documents