need help (financial issues and car repossessed)

**john1gil** · April 6th, 2012 04:15 PM

Originally Posted by galant E SS

^ pursuant to section 5 of rule 60, pwede ka pang mag-file ng counter-bond on April 10, kasi Holiday naman tayo sa Monday. So, baka naman may kakilala kang approachable lawyer, try to visit him Tomorrow or Sun-Mon. Sayang din naman kasi yong hinulugan mo for 4 years tapos mawawala na lang. Actually, maybe you can file a case against them for specific performance and damages, kasi sabi mo, you were trying to compromise with them but they don't want to accept your payments, that's why you just deposited it in their bank account.

And look for a new job as soon as possible, ganyan talaga ang buhay, may ups and downs, parang gulong, minsan nasa taas tayo, minsan nasa baba naman.

Kaya nga ako, kuntentado na ko sa 15 year old car ko, at di muna ako nagmamadaling mag-purchase ng house and lot thru loan kasi ayaw kong malubog sa utang. Peace be with you bro.

maraming salamat po.. lesson learned. Hintayin ang result ng compromise agreement at ipost ko dito kung ano ang hatol nila sa min

**john1gil** · April 6th, 2012 04:29 PM

Originally Posted by Gecko Guy

*TS: I doubt you'll get back your car...charge to experience na lang yan...lessons learned.

thanks po sa reply

**Mon drake** · September 30th, 2016 04:26 PM

Good day po newbie po ,

Im planning to buy a new car as my first so called hulugan car .. My question po ay if for example im already 1 year paying the monthly and sunddenly nagkaproblema ako financial and isosoli ko na lang sa bak ang kotse do i still have to pay anything??

Beat regards po mga tsikoteers

**erdiedizon** · September 30th, 2016 05:26 PM

Sa pagkakaalam ko po off course wala kana babayaran, syempre nga lang my consuquences yan na ma blacklist ka. And imagine the money the u had paid na lets say 12months na naibayad mo plus the downpayment mo? If dika sure just do ur maths muna. Why not buy second hand ung reliable walakapang monthly. Hehe
Just saying.

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**cast_no_shadow** · September 30th, 2016 06:15 PM

Yeah goodbye DP and sa mga nahulog na MA

To add sira credit standing mo. Mahirapan ka na mag apply ng loans in the future.

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**dr. d** · October 1st, 2016 12:40 AM

like casty says.
you lose the car. you get no refund of any sort.
and they list you under customers that are poor credit risks.

**EQAddict** · October 1st, 2016 07:04 AM

Its not just poor credit risk. The chances of you getting another loan in the next 9 years are almost none. If you want to buy another car, a house, a condo, a cash loan, motorcycle, etc....all the banks (yes all) will see your blacklist credit history and you will be denied. Is 9 years of no credit worth it?

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**BratPAQ** · October 1st, 2016 12:00 PM

I wonder what happened to TS. Almost same thing happened to us.

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**cast_no_shadow** · October 1st, 2016 12:07 PM

Originally Posted by BratPAQ

I wonder what happened to TS. Almost same thing happened to us.

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I can let go of the payments I made but ruining my credit standing? That is priceless.

Got an officemate super itching to get a car, little by little nakaipon ng pang DP (Low DP BTW) and assured he can pay the coming 6 months MA.

We talked some sense to him, paano na kako after 6 months? And other expenses you will be having as soon as you start having and living with a car. Bahala na daw at magagawan naman niya ng paraan. For him mahatak na kung mahatak, sabi ko mag rent a car ka na lang since parang ganun din ang mangyayari sayo.

This dude is a bad debt, he gets loan for every opportunity he gets. Ending loan will be paid by another loan.

(Not saying OP is same case as my officemate)

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**BratPAQ** · October 1st, 2016 03:03 PM

Originally Posted by cast_no_shadow

I can let go of the payments I made but ruining my credit standing? That is priceless.

Got an officemate super itching to get a car, little by little nakaipon ng pang DP (Low DP BTW) and assured he can pay the coming 6 months MA.

We talked some sense to him, paano na kako after 6 months? And other expenses you will be having as soon as you start having and living with a car. Bahala na daw at magagawan naman niya ng paraan. For him mahatak na kung mahatak, sabi ko mag rent a car ka na lang since parang ganun din ang mangyayari sayo.

This dude is a bad debt, he gets loan for every opportunity he gets. Ending loan will be paid by another loan.

(Not saying OP is same case as my officemate)

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I once ruined my credit standing. It reached credit collection agency and able to pay it by restructuring. I'm always denied when applying for credit card. It was only after 16 years that I'm able to get another credit card. And I think that's only because the bank is also my payroll bank.

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