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  1. Join Date
    Mar 2013
    Posts
    6,160
    #121
    Sorry to hear about your situation.

    Sayang you lose the car, the DP and more importantly, you lose the ability (for 10 years) to ever borrow money from the banks again.

    Thats a long time. Credit rating is very valuable as you will learn later on.

    Sent from my SM-N975F using Tapatalk

  2. Join Date
    Jun 2005
    Posts
    3,774
    #122
    Quote Originally Posted by yapoy86 View Post
    May collateral kasi...i think it covers the deficiency
    Yup. The car is the collateral kaya ganun. I i remember correctly it is the recto law that covers this.

    Sent from my MI MAX 2 using Tapatalk

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voluntary surrender