History of repossessed car

[shadow]

Forever na yun andun, so red flag na yun whenever na mag apply ka ng loan.

Call pa din ng bank if they will take it against your application.

Parang unfair naman Kung forever na. I'm sure they have learned their lessons to be financially responsible, paano nga kung bata ka nag kanissue sa default, eh di wala na chance maka loan forever kahit na ok na finances mo let's say pag mga mid 40s ka na or 50s?

Juvenile mistakes will cost you your whole life?

Meron siguro prescription din yan blacklisted

[_Qwerty_]

afaik, dito sa atin hindi tinatanggal sa list..

[goosebumps]

kahit na hindi umabot sa civil case and you voluntarily surrendered the car, blacklisted pa din?

[dartz]

So eto ang meron FOREVER, hahahha..

Kidding aside, I know a couple they are businessmen's and once default their car loan since their first business is di naging maganda. After a year and a half they try to apply ulit direct bank, other banks directly decline them or ask them to open an account with the bank na around 60% ata ng loanable car loan amount at 80% and di nila gagalawin yun at ang minimum na DP nila for a carloan is at least 50%. But na negotiate namin yan sa RCBC SAVINGS, ginawa nalang is yung bank account ng newly put up na construction company nila sa RCBC then walang restriction sa paggalaw ng pera pero sa DP ng Car 50% talaga ang hiningi.

In some cases makaka-apply ka pa pero they will require bigger down payment to minimize yung risk for being a repeater default client.

[1D4LV]

the process is that if you have an adverse credit history is:

a. to show proof that you have settled your debit... this is via certificate of full payment issued by the bank if you have paid your debt in full.

b. to show proof of continuous income during applications.

iba ang car loan, mas lenient ang mga bangko dyan... bakit? it is secured by the car..... pag sumablay ka ng bayad, hatak.... unlike credit cards na unsecured.... walang mababatak, unless you have properties that are not exempted in the civil code of the philippines.

[JJ All Day]

the process is that if you have an adverse credit history is:

a. to show proof that you have settled your debit... this is via certificate of full payment issued by the bank if you have paid your debt in full.

b. to show proof of continuous income during applications.

iba ang car loan, mas lenient ang mga bangko dyan... bakit? it is secured by the car..... pag sumablay ka ng bayad, hatak.... unlike credit cards na unsecured.... walang mababatak, unless you have properties that are not exempted in the civil code of the philippines.

If I may also add, it would be better if you would voluntarily declare that bad debt in advance by attaching a copy of certificate of full payment. Yung process ng approval sa bangko ay different levels yan. mas okay kung sa level palang ng credit evaluator eh pasado ka na, before pa iakyat sa kanyang approving officer.

Wag mo na antayin na kapag hiningan ka, tsaka mo pa lang ibibigay.

[zombiebride]

Hi, my car just got repossessed and i want to get it back. Tips on how po sana. Already spoke with the bank and was advised to send a request letter for redemption anyone who has previous experience and actually got their car back?

[_Cathy_]

zombiebride DO NOT flood the threads. Non compliance will result in a permanenent ban