credit card debt. can they reposses car as recovery

[uls]

ang utang parang bond yun

ung bond issuer may utang sa bondholder

if the original holder of the bond sells the bond to someone else, the new holder receives the payment

the obligation of the debtor doesn't change even if the debt changes hands

[_Cathy_]

Eh di mas lalong hinde na niya bayaran sa collection agency. In the first place wala siya utang sa kanila.

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Why not? The bank SOLD the account to the agency so now the agency has the right to that account. They have to make money too kaya dapat maka singil sila.

BTW, I don't agree sa mga tao na hindi nagbabayad ng credit card debt. They have to learn responsibility. Also, sira pangalan nila kasi submitted name nila sa BAP. Also, they probably can't work in financial institutions anymore

ang utang parang bond yun

ung bond issuer may utang sa bondholder

if the original holder of the bond sells the bond to someone else, the new holder receives the payment

the obligation of the debtor doesn't change even if the debt changes hands

Exactly

[shadow]

ang utang parang bond yun

ung bond issuer may utang sa bondholder

if the original holder of the bond sells the bond to someone else, the new holder receives the payment

the obligation of the debtor doesn't change even if the debt changes hands

I know but for me tanga sila na binili nila yun bulok na accout and since hinde na rin ako magbabayad. I don't owe them anything.


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[uls]

I know but for me tanga sila na binili nila yun bulok na accout and since hinde na rin ako magbabayad. I don't owe them anything.


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ayaw ng mga bangko mag bother pa to run after debtors so they sell the debt at discount kunwari 70 or 80 cents per peso

binibili ng mga collection agency

ang business model ng mga collection agency they buy debt at discount and make money when they collect full amount

kunwari puhunan nila 700K naka coilect sila 900K

[uls]

collection agencies don't need to collect all the debt they bought

sigurado meron mga utang na di na macocollect

all they need is to collect enough to make profit

[uls]

considering the methods they use like pinapahiya nila mga debtor

meron talaga bumibigay at nagbabayad

[uls]

if the bank SELLS the account/debt to the collection agency, yari siya kasi hands off na bank dun. I feel like mas ruthless ang collection agency

collection agencies use methods banks won't use

[shadow]

collection agencies use methods banks won't use

Kung wala na rin ako pang bayad in the first place hinde naman na aabot sa collection agency account ko kung meron. Ano pa mawawala sa akin?

They can use all the methods kung wala.talaga ibabayad ano magagawa nila?

That's my point. Kung wala ka ibabayad kahit anong gawin nila wala mangyayari.

Kidnapping nila pamilya ko para magbayad ako like mga pogo [emoji23]


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[_Cathy_]

I know but for me tanga sila na binili nila yun bulok na accout and since hinde na rin ako magbabayad. I don't owe them anything.

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It's a successful business model so I don't think tanga sila Like what ULS said, yung utang hindi nawawala because it changed hands.

collection agencies use methods banks won't use

Yes that's why always advise people in deep credit card debt to restructure with the bank before it's endorsed to the collection agency

[shadow]

It's a successful business model so I don't think tanga sila Like what ULS said, yung utang hindi nawawala because it changed hands.



Yes that's why always advise people in deep credit card debt to restructure with the bank before it's endorsed to the collection agency

I know na hinde mawawala. Ano nga gagawin nila kung wala talaga ako pang bayad? If hinde ko kaya mag restructure ng payment plan sa bank eh di mas lalo hinde ako makipagusap sa mgs collection agency.

Kahit everyday pa sila pumunta sa a bahay kung wala ako pang bayad wala talaga.


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[_Cathy_]

I know na hinde mawawala. Ano nga gagawin nila kung wala talaga ako pang bayad? If hinde ko kaya mag restructure ng payment plan sa bank eh di mas lalo hinde ako makipagusap sa mgs collection agency.

Kahit everyday pa sila pumunta sa a bahay kung wala ako pang bayad wala talaga.


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meron din nagbabayad. may mga tao na pinapaikot lang nila utang nila (uutang to pay off another utang)

[shadow]

meron din nagbabayad. may mga tao na pinapaikot lang nila utang nila (uutang to pay off another utang)

Lalo sila mababaon sa utang pag ganyan. Kaya since sira na credit ratings eh huwah na bayaran pag nasa collection agency na then they can go on with their lives.

Usually mga nasa twenties siguro naman mababaon sa credit cards so I don't know kung meron statute of limitation yan sa credit and after ilan years buburahin na so meron pa time siguro makabawi


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