voluntary surrender

[_Cathy_]

Affected ako sa parang bakla sa parlor na gusto pa malaman yun buhay ng tao wala naman matutulong.

Pautangin mo kasi para hinde sayang yan pagka tsismoso mo.




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MODERATOR'S WARNING: No name calling please

[EQAddict]

Tama si Jut. Wala ka ng access sa matinong credit in the future. 5-6 lang yung mga option mo. Pagisipan mo iyan ng mabuti.

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[falken]

You might not need a loan right now, but it's better to be able to get a loan when you really need it.

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[_Cathy_]

Will government loans be affected as well? eg SSS, GSIS or Pag-ibig?

[shadow]

Will government loans be affected as well? eg SSS, GSIS or Pag-ibig?

Parang hinde. I would think wala pakialam govt sa Bad credit history since member ka naman and meron ka contribution sa mga yan. I dont know sa pagibig housing loan. Pero tingin hinde rin.


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[yapoy86]

Will government loans be affected as well? eg SSS, GSIS or Pag-ibig?

Nope.. due to member contribution. Bawas lang sa benefits mo pag retire or pensioner ka na.. sa housing loan depende sa total contribution mo at take home pay plus collateral mo pa yung house

[Radhate27]

Parang gusto pa ata ng bangko magkaron ng penalties and additional interest. WTF.

Need ko pa po ba bayaran ung mga penalty mam?

[Radhate27]

Kung tama ang intindi ko sa sitwasyon mo, you want to have your car repossessed para yung pera na dapat ipanghuhulog mo, titipirin mo nalang para kung maevict man kayo sa tinutuluyan niyo ngayon, at least meron kang cash on hand para makapagsimula somewhere else.

The only thing na mawawala sayo if you do this is your credit rating. You said na hindi siya importante sayo masyado, but remember - markado ka na sa banko at mahihirapan kang magloan in the future.

Kung sakaling makaluwag-luwag ka ulit at may pangdownpayment ka na uli sa kotse and panghulog sa monthly, hindi ka na makakautang uli sa banko ng kotse.

Kung sakaling gusto mong palaguin ang negosyo mo through a loan sa banko, o di kaya gusto mo magloan para makapagsimula kayo ng bagong negosyo somewhere else, hindi ka papautangin ng banko. Kahit anong banko yan ha - once blacklisted in one bank, kalat na yang record mo sa lahat ng ibang banko.

Kung sigurado ka na wala ka talagang pakialam sa credit rating mo - you can go ahead and have your car repossesed.

Yung ibang tao kasi, talagang ilalaban nila hanggang dulo bago nila hayaan na masira pangalan nila sa banko. Kaya maraming nagpapayo sayo dito na gawan mo muna ng ibang paraan para hindi ka kaagad blacklisted.
Think of it this way - whether i-surrender mo ngayon yung kotse or 3 years from now kapag hindi nakabayad yung sumalo ng kotse mo, pareho lang ang effect - blacklisted ka sa banko at hindi ka na makakaloan ulit (whether auto loan, housing loan, business loan).

Good news is, kung kunwari naman yung pinagpasahan mo ng kotse ay matiwasay na nabayaran yung loan hanggang sa dulo, edi hindi sira yung pangalan mo tapos makakaloan ka ulit.

The important thing is ang pagbebentahan mo ng kotse is someone na tiwala mo and alam mong may capacity to pay talaga hanggang dulo ng loan.

Kung ako tatanungin mo, wala naman mawawala sayo kung ipasalo mo sa iba yung kotse. Pero kung gusto mo na isuko ngayon yung kotse tapos hayaan mo nalang na masira pangalan mo, choice mo yun. Ang importante is alam mo muna lahat ng option mo pati mga consequence nito bago ka magdesisyon.

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Yes sir ganun n nga po sitwasyon ko. Tama ka po, pag iisipan ko po sir.. 1month palang akong delayed pero ginagawan p din naman po ng paraan na kung sakali meron sasalo n relatives ko..

[Radhate27]

ok naman yang vios. ilang months na ba yan sa inyo? magkano ba monthly mo? manual ba yan o matic?

Bale pang 5months ngayon sir, vios manual po sir, 15k po monthly sir.. d namn din maxado nagagamit sir dhl lage din naman kme sa bahay pag me importanteng lakad lang xa nagagamit..

[playplugg]

Nabasa ko po ang topic thread dito.. at back-read..

Financial mismanagement ang nangyari..
at walang advise....from the financial advisor.

hindi po masama manguntang... kahit sa suking tindahan.. micro business.. utang lang ng kaunti, basta bayaran agad kinabukasan ng full payment or installment ng 2days, para mabawi ang puhunan, kung saan umutang, at walang interest yan.. good and honest way..

Nakakatawa pero eto ang pinaka-basic...

Direct to the point na ito..


1. Kung lagpas 10 credit cards at sagad ang maximum dun sa credit line, worst nightmare talaga yan..
(mas mahirap pa kumuha ng clearance once na nag-cancelled at bayad lahat.. aabutin ng 1.5 to 2yrs)

2. once na voluntary surrender.... "Bad Record"

[glenn_duke]

Nabasa ko po ang topic thread dito.. at back-read..

Financial mismanagement ang nangyari..
at walang advise....from the financial advisor.

hindi po masama manguntang... kahit sa suking tindahan.. micro business.. utang lang ng kaunti, basta bayaran agad kinabukasan ng full payment or installment ng 2days, para mabawi ang puhunan, kung saan umutang, at walang interest yan.. good and honest way..

Nakakatawa pero eto ang pinaka-basic...

Direct to the point na ito..


1. Kung lagpas 10 credit cards at sagad ang maximum dun sa credit line, worst nightmare talaga yan..
(mas mahirap pa kumuha ng clearance once na nag-cancelled at bayad lahat.. aabutin ng 1.5 to 2yrs)

2. once na voluntary surrender.... "Bad Record"

Pwede pa naman mawala yung bad record sa banko once may banko na nagpautang ulit sa defaulter, usually hindi mga unibank ito like AUB, PenzBank and may branches ng PSBank, Kailangan lang may endorsement ka sa SA Manager ng dealership sa bank branch manager at may financial documents ka na financial capable kana at stable na ang income. Hindi nga lang siya qualified sa mga promo na LD at minimum is 40% DP, mataas din ng 1% yung loan kaysa sa ordinary na binibigay ng banko. Kailangan lang talaga BFF kayo nung either dealer SA Manager o ng Bank Manager.

[ninjababez]

Pwede pa naman mawala yung bad record sa banko once may banko na nagpautang ulit sa defaulter, usually hindi mga unibank ito like AUB, PenzBank and may branches ng PSBank, Kailangan lang may endorsement ka sa SA Manager ng dealership sa bank branch manager at may financial documents ka na financial capable kana at stable na ang income. Hindi nga lang siya qualified sa mga promo na LD at minimum is 40% DP, mataas din ng 1% yung loan kaysa sa ordinary na binibigay ng banko. Kailangan lang talaga BFF kayo nung either dealer SA Manager o ng Bank Manager.

nag inquire ako para sa friend ko na less than 5 year na hatakan ng kotse, plus madami na default na CC. ang sabi nun SA ng suzuki commonwealth (member dito), kayang kaya daw basta 20% DP pero in house rates parin; at tama ka no low DP option. so at minimum 30% ang interest, pero usually higher daw pag 5 years ang loan.

[playplugg]

Pwede pa naman mawala yung bad record sa banko once may banko na nagpautang ulit sa defaulter, usually hindi mga unibank ito like AUB, PenzBank and may branches ng PSBank, Kailangan lang may endorsement ka sa SA Manager ng dealership sa bank branch manager at may financial documents ka na financial capable kana at stable na ang income. Hindi nga lang siya qualified sa mga promo na LD at minimum is 40% DP, mataas din ng 1% yung loan kaysa sa ordinary na binibigay ng banko. Kailangan lang talaga BFF kayo nung either dealer SA Manager o ng Bank Manager.

nag inquire ako para sa friend ko na less than 5 year na hatakan ng kotse, plus madami na default na CC. ang sabi nun SA ng suzuki commonwealth (member dito), kayang kaya daw basta 20% DP pero in house rates parin; at tama ka no low DP option. so at minimum 30% ang interest, pero usually higher daw pag 5 years ang loan.

Possible po ito, kung submitted ng ITR as "Corporation"


pero kung personal loan ito.. pwede sa pwede, pero yun lang, after ma-clear at bayad na, pero naka encumbered.. dyan ngayon papasok yung problema...

[ninjababez]

Possible po ito, kung submitted ng ITR as "Corporation"


pero kung personal loan ito.. pwede sa pwede, pero yun lang, after ma-clear at bayad na, pero naka encumbered.. dyan ngayon papasok yung problema...

RCBC yun offer IIRC
not sure dun sa corporate, pero personal itong offer ni SA.

[MD21]

hi po! bago lang po ako dito,need ko lng po advice nyo.january 2012 kc nagkaproblema kami financially,kaya naisip ng husband ko na i voluntary surrender na lang ang kinuha naming sasakyan last dec.2011 kc d na talaga kayang bayaran pa.Pumayag naman sila pagkatapos ng matagal na follow up namin at sangkatutak na paliwanag at pagkatapos magsubmit ng letter of voluntary surrender sa eastwest bank. Pero matagal pa bago hinatak ang sasakyan.kaya ang ngyari nagbounced ang cheke namin ng feb. at march. Kase march 18 lang nila kinuha ang car.Then,last week lang may dumating na letter galing sa sherif na ipa public auction na dw ang sasakyan,ung total balance nung car is 1,027,000.00.E d ba pag inauction ung car is mababa na lang ang value nun? kelangan ba naming bayaran ang remaining balance after ng auction kahit wala na sa amin ang car? pwede bang kasuhan ang asawa ko kahit wala sya dito? Ang hirap pa kc nasa ibang bansa na asawa ko at d ko alam ang gagawin.Isa pa sa concern ko is i'm 5mnts pregnant what if kung ipasummon sya sa korte,ako ba ang pupunta?My God,baka mapanaanak ako ng d oras sa sobrang nerbyos dahil ngayon pa lang d na ako makatulog sa kaiisip. ano ba ang dapat kong gawin?

Paano po ang process ng pag-voluntary surrender ng sasakyan sa eastwest bank.. thank you po sa sasagot..

[yebo]

Paano po ang process ng pag-voluntary surrender ng sasakyan sa eastwest bank.. thank you po sa sasagot..

Di mo na ba kayang bayaran? Benta mo na lang sa 2nd hand dealer may mababawi ka pang pera kahit konti lang.

Eto ginawa ko nung binenta ko lemon mazda bt50 pickup ko sa eastwest.

1. Talked to branch manager, told her i was going to sell the car. I needed a computation of the outstanding loan amount, including penalties for early retirement of the loan.
2. With computation in hand, i went to 2nd hand dealer (they always have the cash!) Syempre looked for the highest price.
3. 2nd hand dealer/buyer and I met at the bank branch. We all signed the deed of sale. They paid the outstanding loan amount direct to the branch. The "sukli" they gave me in cash.
4. 2nd hand dealer got the keys, the receipt from the bank and also my letter of assignment for them to collect the or/cr. Sila na bahala dyan alam na nila yung form ng letter.

And that's it. Your credit record stays good, you get some money back, bank is happy, you are happy.

As example, my outstanding loan amount was 600k. I sold the pickup for 1.05M. So i got 450k change.

[dr. d]

Di mo na ba kayang bayaran? Benta mo na lang sa 2nd hand dealer may mababawi ka pang pera kahit konti lang.

Eto ginawa ko nung binenta ko lemon mazda bt50 pickup ko sa eastwest.

1. Talked to branch manager, told her i was going to sell the car. I needed a computation of the outstanding loan amount, including penalties for early retirement of the loan.
2. With computation in hand, i went to 2nd hand dealer (they always have the cash!) Syempre looked for the highest price.
3. 2nd hand dealer/buyer and I met at the bank branch. We all signed the deed of sale. They paid the outstanding loan amount direct to the branch. The "sukli" they gave me in cash.
4. 2nd hand dealer got the keys, the receipt from the bank and also my letter of assignment for them to collect the or/cr. Sila na bahala dyan alam na nila yung form ng letter.

And that's it. Your credit record stays good, you get some money back, bank is happy, you are happy.

looks good.
i probably won't mind the slight loss in money on my part, either.

[MD21]

Di mo na ba kayang bayaran? Benta mo na lang sa 2nd hand dealer may mababawi ka pang pera kahit konti lang.

Eto ginawa ko nung binenta ko lemon mazda bt50 pickup ko sa eastwest.

1. Talked to branch manager, told her i was going to sell the car. I needed a computation of the outstanding loan amount, including penalties for early retirement of the loan.
2. With computation in hand, i went to 2nd hand dealer (they always have the cash!) Syempre looked for the highest price.
3. 2nd hand dealer/buyer and I met at the bank branch. We all signed the deed of sale. They paid the outstanding loan amount direct to the branch. The "sukli" they gave me in cash.
4. 2nd hand dealer got the keys, the receipt from the bank and also my letter of assignment for them to collect the or/cr. Sila na bahala dyan alam na nila yung form ng letter.

And that's it. Your credit record stays good, you get some money back, bank is happy, you are happy.

As example, my outstanding loan amount was 600k. I sold the pickup for 1.05M. So i got 450k change.

Kakalabas k lang nung unit nitong February. Wala pa akong naihuhulog. For some personal reason na dumating ay d ko na kayang bayaran ang monthly amortization.

[MD21]

Di mo na ba kayang bayaran? Benta mo na lang sa 2nd hand dealer may mababawi ka pang pera kahit konti lang.

Eto ginawa ko nung binenta ko lemon mazda bt50 pickup ko sa eastwest.

1. Talked to branch manager, told her i was going to sell the car. I needed a computation of the outstanding loan amount, including penalties for early retirement of the loan.
2. With computation in hand, i went to 2nd hand dealer (they always have the cash!) Syempre looked for the highest price.
3. 2nd hand dealer/buyer and I met at the bank branch. We all signed the deed of sale. They paid the outstanding loan amount direct to the branch. The "sukli" they gave me in cash.
4. 2nd hand dealer got the keys, the receipt from the bank and also my letter of assignment for them to collect the or/cr. Sila na bahala dyan alam na nila yung form ng letter.

And that's it. Your credit record stays good, you get some money back, bank is happy, you are happy.

As example, my outstanding loan amount was 600k. I sold the pickup for 1.05M. So i got 450k change.

Hindi na po importante ang credit score k.. ang tangi k lang gusto ngayon ay ma voluntary surrender na yung sasakyan sa banko... isang tanong isang sagot po.. how to voluntary surrender the vehicle at eastwest bank.. diretsong sagot po ang kailangan k ngayon.. wala po akong balak ipa assume balance or ibenta.. sana po matulungan nyo ako.. thank you..

[shadow]

Hindi na po importante ang credit score k.. ang tangi k lang gusto ngayon ay ma voluntary surrender na yung sasakyan sa banko... isang tanong isang sagot po.. how to voluntary surrender the vehicle at eastwest bank.. diretsong sagot po ang kailangan k ngayon.. wala po akong balak ipa assume balance or ibenta.. sana po matulungan nyo ako.. thank you..

The first should do is call your bank and tell them you're voluntarily surrendering the unit. Sila ang dapat mong kausapin. Nagawa mo na ba?


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