need help (financial issues and car repossessed)

[john1gil]

hi po, good morning! may gusto lang po ako na ishare. Yesterday narepossed and nasheriff ng Toyota Financial ang car ko po, sabi po ng guy i have to go to Toyota financial to settle or magrequest kami ng compromise agreement, To be honest with you broke kami sa pera now. And after seeing the document grabe ang laki ng babayaran namin Attorney's Fee, legal damages, liquidated damages bukod pa yung interest and the monthly amortization ng car. Bale nagsimula ang kalbaryo namin last Oct. 2011 to January 2012 di kami nakabayad, broke kami niyan wala kaming pera, nangutang muna kami sa relatives namin and nagpunta na kami sa Toyota Financial nasurprised kami sa babayaran around 60k lahat included yung legal fee and interest and total money namin around 50K lang. Nakiusap kami na di namin kayang bayaran lahat ang maiibayad namin around 40K lang, ayaw nilang tangapin we have to pay daw the whole amount, nagsabi ako sa guy na magwithdraw lang ako downstairs and after that tumawag ang wife ko and tell her na di talagang bayaran lahat and we decided na magbayad thru bank na lang (Bank Account ng Toyota Financial na binigay sa min before) nagbayad muna kami ng 2 months and yung interest na binigay sa min. Then nagbayad ulit ako ng 1 month last Feb. 2012 and March 2012 (both thru bank ulet) and then somebody called na may case na daw ang car at kailangan na namin magbayad. and yun na nga hangang masheriff na. Bale 1 year na lang namin babayaran ang car at nakapanghihinayang na bitawan ang car dugo at pawis ang puhunan namin para mabayaran ang car on that 4 years. This morning pupunta kami ng Toyota para makiusap at gumawa ng request to waive the Legal fees, damages etc. Ask ko lang po kung puwede kaming magrequest ng recontructing ng bayad maextend ng 1year para lumiit ang babayaran namin? Ano pong dapat gawin namin? Goodluck to us at Maraming salamat sa magreply!

God Bless Tsikot.com!

[glenn manikis]

the only way sir is to talk to toyota financial... or seek legal advice... kung tinangap nila payments nyo baka pwedeng lusot kayo... ano po bang case ang naka file? EXtra judicial foreclosure ba? or Replvin? at sAan HUsgado? at sino po yung sheriff?

[john1gil]

the only way sir is to talk to toyota financial... or seek legal advice... kung tinangap nila payments nyo baka pwedeng lusot kayo... ano po bang case ang naka file? EXtra judicial foreclosure ba? or Replvin? at sAan HUsgado? at sino po yung sheriff?

thanks sa reply Writ of Replevin. Pasay. Sheriff Reynaldo Odtuhan. kakalungkot grabe ang paghihirap namin para mahulugan lang.

[glenn manikis]

thanks sa reply Writ of Replevin. Pasay. Sheriff Reynaldo Odtuhan. kakalungkot grabe ang paghihirap namin para mahulugan lang.

sir the best thing to do is kausapin nyo po yung toyota financial.... makipag compromise kayo.... kung may binabangit sila regarding sa legal fees etc... hindi naman po ganun kalaki dapat yun... pwede nyo tawaran... pa itemized nyo po yung mga legal fees nila... usually naman may in house lawyer yan mga yan... at isa pa de kahon naman ang petition for replevin... in means kahit nga clerk lang kayang gawin yan... pinipirmahan nalang ng lawyer yan... then pagdating naman sa sheriff fees ask for a BILL OF PARTICULAR'S from the sheriff, pero pwedeng walang bILL OF particular's ang sheriff... kasi wala po sa rules na ang replevin dapat may bill of particulars... ang nasa rules lang ang meron bill of particular's lang eh ang execution.... the best thing to do sir is ask for legal advice from PAO para libre..

pwede din pong gawin nyo mag file ng counter bond... usually po ang counter bond is double the amount sa bond nila... in your case baka po pwedeng hindi double the amount...case to case basis po (ang bond na binabangit ko eh surety lang certain percentage lang ang babayaran nyo) .... then kayo naman ang mag sheriff ng sasakyan nyo na nasa kanila... tapos pwede nyo nang ibenta yung car nyo assume bal... para at least may nabawi kayo kahit kunti.... PERO the best pa din po seek legal advice.... LEGAL ADVICE po ha.... wag illegal advice....

[john1gil]

sir the best thing to do is kausapin nyo po yung toyota financial.... makipag compromise kayo.... kung may binabangit sila regarding sa legal fees etc... hindi naman po ganun kalaki dapat yun... pwede nyo tawaran... pa itemized nyo po yung mga legal fees nila... usually naman may in house lawyer yan mga yan... at isa pa de kahon naman ang petition for replevin... in means kahit nga clerk lang kayang gawin yan... pinipirmahan nalang ng lawyer yan... then pagdating naman sa sheriff fees ask for a BILL OF PARTICULAR'S from the sheriff, pero pwedeng walang bILL OF particular's ang sheriff... kasi wala po sa rules na ang replevin dapat may bill of particulars... ang nasa rules lang ang meron bill of particular's lang eh ang execution.... the best thing to do sir is ask for legal advice from PAO para libre..

pwede din pong gawin nyo mag file ng counter bond... usually po ang counter bond is double the amount sa bond nila... in your case baka po pwedeng hindi double the amount...case to case basis po (ang bond na binabangit ko eh surety lang certain percentage lang ang babayaran nyo) .... then kayo naman ang mag sheriff ng sasakyan nyo na nasa kanila... tapos pwede nyo nang ibenta yung car nyo assume bal... para at least may nabawi kayo kahit kunti.... PERO the best pa din po seek legal advice.... LEGAL ADVICE po ha.... wag illegal advice....

eto Glenn kararating lang from TFS gumawa na lang kami ng letter to compromise and to update our account ang request namin to wave the other fees and magbayad na lang kami ng legal fee na 15k yung utang namin interest and the monthly amortization of 3months (naging 3 kasi April 7 ang due date namin) and sana maaprove pero kung di sila pumayag ano po kaya ang dapat gawin namin?? maraming salamat po ulet!

[vinj]

It's a hard position but best to first review your contract with Toyota Financial, and check with a lawyer if you have any, on your case. If you're coordinating only with the staff at their office, better if you can elevate your request to senior management of the company. Staff and low-level authorities will only work by the book, an officer or senior manager may be able to present more options.

The hard part there is that napasok na sa Sheriff yung case mo so may running cost na yan with Toyota Financial. It would have been better if you spoke with them immediately, at the onset of your financial problem.

[stavros]

Sir pano po ang everyday living nyo? May mga nag-aaral pa ba?

[john1gil]

[QUOTE=stavros;1903710]Sir pano po ang everyday living nyo? May mga nag-aaral pa ba?[/QU

mahirap ang situation namin ngayon ng wife ko. wala po kaming anak pa. salamat sa reply stavros!

[shadow]

Sabi mo 1 year to paya, matagal pa ang 1 year...do you think you'll be able to pay the monthly amort for another year? If you can't you may just be prolonging the agony...

Maybe you can just let it go, as what Vinj said a little too late..ipunin mo na Lang yun ibabayad mo monthly for a year to buy a second hand car, kung Wala ka makukuha na tutulong saiyo...

Anong model yun and how much monthly ba? Sorry makulit ako but what happened, nawalan ba kayo both ng work? Meron ba nagkasakit at kailangsn unahin bayaran yun hospital?

I'm really sorry for your situation, it really pains me to see someone na na repossess ang possession nila or iniipit ng mga creditors...

[john1gil]

Sabi mo 1 year to paya, matagal pa ang 1 year...do you think you'll be able to pay the monthly amort for another year? If you can't you may just be prolonging the agony...

Maybe you can just let it go, as what Vinj said a little too late..ipunin mo na Lang yun ibabayad mo monthly for a year to buy a second hand car, kung Wala ka makukuha na tutulong saiyo...

Anong model yun and how much monthly ba? Sorry makulit ako but what happened, nawalan ba kayo both ng work? Meron ba nagkasakit at kailangsn unahin bayaran yun hospital?

I'm really sorry for your situation, it really pains me to see someone na na repossess ang possession nila or iniipit ng mga creditors...

2008 model ng Vios and 13K per month. isa lang ang nagwork samin.. salamat sa concern mo shadow talagang litong lito kami nawalan kami ng self- confidence.

[chrismarte]

tama nga siguro sir na kung hindi na talaga kaya at mag aacumulate lang ulit ng panibagong utang para lang mabayaran much better na let go na.... remember na mahirap ipang bayad sa utang yung galing din sa utang ang ipapambayad

[shadow]

2008 model ng Vios and 13K per month. isa lang ang nagwork samin.. salamat sa concern mo shadow talagang litong lito kami nawalan kami ng self- confidence.

but what happened? nawalan ka ng work? do you need the car for your work? kung hinde naman tiis tiis na lang ng commute at ipon bili ka na lang ng second hand na vios ulit. remember meron ka pang gastos sa pang gasolina ng vios kapag ginagamit mo...maintenance cost pa..insurance etc...huwag mo lang isipin yun monthly na hulog marami ka pa i factor in na gastos in maintaining that car...

[galant E SS]

Sabi mo 1 year to paya, matagal pa ang 1 year...do you think you'll be able to pay the monthly amort for another year? If you can't you may just be prolonging the agony...

Maybe you can just let it go, as what Vinj said a little too late..ipunin mo na Lang yun ibabayad mo monthly for a year to buy a second hand car, kung Wala ka makukuha na tutulong saiyo...

Anong model yun and how much monthly ba? Sorry makulit ako but what happened, nawalan ba kayo both ng work? Meron ba nagkasakit at kailangsn unahin bayaran yun hospital?

I'm really sorry for your situation, it really pains me to see someone na na repossess ang possession nila or iniipit ng mga creditors...

mabait ka din pala shadow. sorry sa OT, but I like your comment. it seems like you're interested to help the TS.

[stavros]

Kung hindi kayo nakabayad ng ilang months and since by this time, alam nila na mahihirapan na kayo magbayad, gigipitin na talaga kayo nyan kase pagkakakitaan pa nila ng malaki yung kotse instead na mabayaran nyo pa.

Also, tatamaan ng malaki yung credit rating nyo nyan dahil sa nangyari.

Kung hindi na talaga kaya give up nyo na, paguusapan ka pa ng mga uutangan mo nyan kase pwede nila iisipin wala na nga maipakain sa pamilya, nakuha pa mangutang para sa kotse.

[john1gil]

Kung hindi kayo nakabayad ng ilang months and since by this time, alam nila na mahihirapan na kayo magbayad, gigipitin na talaga kayo nyan kase pagkakakitaan pa nila ng malaki yung kotse instead na mabayaran nyo pa.

Also, tatamaan ng malaki yung credit rating nyo nyan dahil sa nangyari.

Kung hindi na talaga kaya give up nyo na, paguusapan ka pa ng mga uutangan mo nyan kase pwede nila iisipin wala na nga maipakain sa pamilya, nakuha pa mangutang para sa kotse.

Thanks sa advice bayaan niyo po pag iisipan namin ito! Ask ko lang po possible bang makasuhan kami kahit na di namin nareceive yung summon po.

[glenn manikis]

Thanks sa advice bayaan niyo po pag iisipan namin ito! Ask ko lang po possible bang makasuhan kami kahit na di namin nareceive yung summon po.

sir yung writ of replevin naka attached na din po dun yung summons and petition... sabay po talaga dinadala or iserve sa inyo yun ng sheriff...

[john1gil]

sir yung writ of replevin naka attached na din po dun yung summons and petition... sabay po talaga dinadala or iserve sa inyo yun ng sheriff...

ah ok salamay ulet. im hoping na mapababa ang babayaran, and sana may makatulong sa min pag wala talaga its to let go nawala ang 800K namin ng ganon ganon na lang.. sana sa iba na lang namin na invest charge to experience.. ano kaya percentage ng nareposses na car ng creditor at nakuha ulet nung umutang??

[Gecko Guy]

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

[erdiedizon]

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]

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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