credit card debt. can they reposses car as recovery

[dr. d]

so ang tanong who really owns the loan

is the loan still on the bank's balance sheet or not

when he starts getting nasty calls and messages,
that's probably when the loan is now owned by the collection agency.
heh heh.

i am curious,
magkano ba yung utang?

also,
how important is credit rating?
is it so important that the guy should sell his car to settle the debt?
what about debt re-structuring?
i read that the worst thing one can do, is to run away from the debt...