credit card debt. can they reposses car as recovery

[shadow]

pero pwede rin gawin yan ng meron pambayad pero ayaw magbayad

Ibang usapan yan dahil engot na pag ganyan at estapador talaga dahil bakit ko naman sisirain credit ko kung melrn naman ako panbayad?

Advantage meron CC meron ka standby credit anytime pwede mo magamit.
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[bugsmobile]

Hi guys

for the inputs.. although di pa nya alam tlaga gagawin , on top of that ung ibang account nya sa banko bigla na hold ? pero weird lang daw kasi tatlo ung bank nya iba iba.. isa lang ung na hold for garnish daw kasi may court order? at ung na hold na un hindi pa sa orignal bank kng saan sya nag aplay noon ng CC. eh currently meron din syang open account sa bank na yun at hindi ginalaw

Another question ung account na un for garnish.. alam ba ng CA ang laman? di ba this will fall sa bank secrecy law
So far the next step na gagwin is to entertain na muna ung CA on how to deal ung utang wala rin naman pang abono para matanggal lung "hold" sa account nya sa banko


wayback kasi may mga tawag at email pero since wala naman pambayad tlaga iniignore na lang kaysa magbigay ng false hope na mabayaran in the end ganon din naman mangyayari

Now for the car naman .. how can CA tell na itong car na ito ay kanyang pag mamayari?

Ah pwede sila mag hold ng bank account? Even yung mga naka and/or?

[shadow]

Ah pwede sila mag hold ng bank account? Even yung mga naka and/or?

Matagal na process yan. Eh kung wala.din laman yun account mo eh di wala din. Hinde na nga nakabayad eh eh di it means wala din savings.

Lipat mo sa ibang banks yun account na hinde same ng CC mo.

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[_Cathy_]

Nope. Unsecured loan yan CC. Kung mas malaki value ng properties mo sa utang mo paano nila kunin yan? And besides if ever naman na gawin nila yan you'll have all the time para maka bayad dahil it will take a long time for the case to get settled.

It will always comes down to you pay your debt and just come up with a settlement payment with the bank. but this time it's legal na dahil meron na utos ng court. So usap pa rin kung magkano lang kaya mo monthly.

Walang judge na gagawa na kunin.bahay mo para liquidate then bayarang CC debt mo.

Again kunin nila kotse or bahay tapos bigay saiyo yun difference in cash kung mas malaki pa value ng properties na kukunin nila?

Saka pag ka loan pa kotse and bahay mo? Paano nila kunin? Sila na magtuloy ng bayad sa ibang bank kung saan naka loan mga yan?

It will always be sum of money lang I file naman mga yan and pag natalo ka which you will dahil meron ka naman talaga utang eh di monthly payment ulit


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Maniwala ka shadow, if the debt is large enough hahabulin talaga yan at ipapa sheriff mga properties na pwede pakinabangan. I worked for banks my entire life, although a short time in collections and cards, I know people that had first hand experience handling delinquent accounts.

Are banks allowed to provide personal identifiable information like home address, home landline number, celfone number to the collection agency considering meron Data Privacy Law na?

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Yes and if your details have changed they will do all they can to find you

ang nagagather ko kay shadow it's called gaming the system

since wala nakukulong sa utang, you can exploit the system, use the system to your advantage

parang ung business practice ni Trump

Trump is the quintessential American hustler

he uses bankruptcy laws to his advantage

what he does is build businesses using debt and declares bankruptcy

Yup, legal but unethical and immoral, such as finding loopholes and being creative with accounting

Matagal na process yan. Eh kung wala.din laman yun account mo eh di wala din. Hinde na nga nakabayad eh eh di it means wala din savings.

Lipat mo sa ibang banks yun account na hinde same ng CC mo.

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True, pero gawain yan ng mga madugas I still stand by kung utang dapat bayaran. I don't care what the circumstances are that led to that debt ballooning.

[shadow]

Maniwala ka shadow, if the debt is large enough hahabulin talaga yan at ipapa sheriff mga properties na pwede pakinabangan. I worked for banks my entire life, although a short time in collections and cards, I know people that had first hand experience handling delinquent accounts.



Yes and if your details have changed they will do all they can to find you



Yup, legal but unethical and immoral, such as finding loopholes and being creative with accounting



True, pero gawain yan ng mga madugas I still stand by kung utang dapat bayaran. I don't care what the circumstances are that led to that debt ballooning.

Pag naka loan pa mga properties, paano nila makukuha?

Kung malaki ang loan sa banko it means meron collateral so pwede nila kunin yun but for CC since it's unsecured loans wala sila mahahabol but sum of money lang. Magbayad pero mag compromise pa rin kung magkano kaya bayaran ang maging ruling ng court diyan.


Kunin nila mga electric fans and saka mga timba sa bahay para liquidate. [emoji23]

Paano nga babayaran kung wala na talaga pangbayad eh kung meron panbayad hinde naman na aabot sa ganyan in the first place.

What's there to lose pa Kung delinquent na at negative na siya?

Of course ang dapat gawin eh bayaran kung meron
ibabayad kung wala na talaga eh huwah na nila lalo ibaon sarili sa utang.

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[Ry_Tower]

Pag naka loan pa mga properties, paano nila makukuha?

Kung malaki ang loan sa banko it means meron collateral so pwede nila kunin yun but for CC since it's unsecured loans wala sila mahahabol but sum of money lang. Magbayad pero mag compromise pa rin kung magkano kaya bayaran ang maging ruling ng court diyan.


Kunin nila mga electric fans and saka mga timba sa bahay para liquidate. [emoji23]

Paano nga babayaran kung wala na talaga pangbayad eh kung meron panbayad hinde naman na aabot sa ganyan in the first place.

What's there to lose pa Kung delinquent na at negative na siya?

Of course ang dapat gawin eh bayaran kung meron
ibabayad kung wala na talaga eh huwah na nila lalo ibaon sarili sa utang.

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Pwede kasi estafa ifile sa iyo, dyan makukulong ka. Ganun mangyayari kapag malaki utang mo.

Pero kung mga P100K below, ipapasa na lang sa collection agency yan at a loss.

[dr. d]

Maniwala ka shadow, if the debt is large enough hahabulin talaga yan at ipapa sheriff mga properties na pwede pakinabangan..

i had an acquaintance once. he was a real sheriff, and that was precisely what he did.
la lang.

[shadow]

Pwede kasi estafa ifile sa iyo, dyan makukulong ka. Ganun mangyayari kapag malaki utang mo.

Pero kung mga P100K below, ipapasa na lang sa collection agency yan at a loss.

Paano maging estafa ang utang sa CC? Hinde ka naman nanloko by mis representing yourself?

Basta ang sinasabj ko CC lang na utang ha and hinde mga personal loans or any other loans

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[_Cathy_]

Pwede kasi estafa ifile sa iyo, dyan makukulong ka. Ganun mangyayari kapag malaki utang mo.

Pero kung mga P100K below, ipapasa na lang sa collection agency yan at a loss.

i had an acquaintance once. he was a real sheriff, and that was precisely what he did.
la lang.

wala tayo magagawa, ayaw maniwala nii shadow na there are consequences for not paying a LARGE credit card debt. Na pwedeng kasuhan at mahatak valuable assets

[shadow]

wala tayo magagawa, ayaw maniwala nii shadow na there are consequences for not paying a LARGE credit card debt. Na pwedeng kasuhan at mahatak valuable assets

Paano nga nila makukuha kung naka loan pa mga properties saka kotse?

So mababalewala yun rights ng bank kung saan naka loan mga yun? Priority yun bank na meron utang sa CC?

Paano kung walang assets yun delinquent CC holder?

Anong kaso? Civil lang diba? Eh wala na makukuha nga dahil wala na talaga siyang anything under his name.

Let's say meron siyang kotse, bayad na pero "isanla" niya kunwari sa friend niya or relative ulit then gawa ng contract way bago pa makuha ng bank which I really doubt na gagawin nila just for CC debt.




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[dr. d]

kung talagang walang wala na,
at hindi na ma-piga yung bato,
there are the insolvency laws to turn to.
ganun lang.

[Ry_Tower]

kung talagang walang wala na,
at hindi na ma-piga yung bato,
there are the insolvency laws to turn to.
ganun lang.

Pwede lang Insolvency laws if meron pa mapipiga. If walang-wala na, wala na talaga. hehe

[boybi]

I think credit cards are considered unsecured loans, but insured. Unless the amount is so big na hindi kaya i-cover ng insurance, wala ng pakialam ang bank.

And para lumaki yung utang sa credit card means malaki din credit limit. Which means either you were once a good payer, or have a huge account in their bank before.

[Ry_Tower]

I think credit cards are considered unsecured loans, but insured. Unless the amount is so big na hindi kaya i-cover ng insurance, wala ng pakialam ang bank.

And para lumaki yung utang sa credit card means malaki din credit limit. Which means either you were once a good payer, or have a huge account in their bank before.

Yung interest and charges din kasi ngapapalaki minsan kapag pinabayaan nga. Kaya kng hirap magbayad, kausapin dapat bank na stop na muna interests and charges kasi mas lalong hindi mababayaran. Pumapayag naman mga yan basta nakikiusap si debtor. Mabuti na mabagal masingil kesa naman nga wala pa.

[sirkosero]

I asked my banker friend na sa cards nagwo work. The properties will be liquidated to pay off the debt

I know of a similar incident. House and lot and a car was taken by the bank. Employees were offered to buy the properties pero mahal (i inquired kasi) so binenta as one the foreclosed properties of the bank.

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[_Cathy_]

Paano nga nila makukuha kung naka loan pa mga properties saka kotse?

So mababalewala yun rights ng bank kung saan naka loan mga yun? Priority yun bank na meron utang sa CC?

Paano kung walang assets yun delinquent CC holder?

Anong kaso? Civil lang diba? Eh wala na makukuha nga dahil wala na talaga siyang anything under his name.

Let's say meron siyang kotse, bayad na pero "isanla" niya kunwari sa friend niya or relative ulit then gawa ng contract way bago pa makuha ng bank which I really doubt na gagawin nila just for CC debt.

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I don't know know the details on how the bank or CA deals with delinquent card holders with assets that are still on loan, pero kung WALANG ASSETS - renting, no car, no cash/job, sorry na lang yung bank/collections agency (pero kung iisipin mo, ang pitiful na ng tao na ganyan ang situation)

I know of a similar incident. House and lot and a car was taken by the bank. Employees were offered to buy the properties pero mahal (i inquired kasi) so binenta as one the foreclosed properties of the bank.

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hello shadow, maniwala ka na

re bank employees, it pays to have friends sa branch talaga LOL. My Mom is good friends with a branch manager and she informs us if there are good buys, pero superstitious kasi kami na parang malas sumalo ng nahatak na car or foreclosed property

[shadow]

I know of a similar incident. House and lot and a car was taken by the bank. Employees were offered to buy the properties pero mahal (i inquired kasi) so binenta as one the foreclosed properties of the bank.

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So mas malaki utang niya sa credit card kesa sa value ng house and lot plus car? Ano yun bahay ng kalapati?


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[shadow]

I don't know know the details on how the bank or CA deals with delinquent card holders with assets that are still on loan, pero kung WALANG ASSETS - renting, no car, no cash/job, sorry na lang yung bank/collections agency (pero kung iisipin mo, ang pitiful na ng tao na ganyan ang situation)



hello shadow, maniwala ka na

re bank employees, it pays to have friends sa branch talaga LOL. My Mom is good friends with a branch manager and she informs us if there are good buys, pero superstitious kasi kami na parang malas sumalo ng nahatak na car or foreclosed property

They can't touch it of course! Sa bank kung saan naka loan ang owner ng properties pa rin.


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[sirkosero]

So mas malaki utang niya sa credit card kesa sa value ng house and lot plus car? Ano yun bahay ng kalapati?


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No. Malaki yung bahay. Car was actually a luxury car. Hinabol talaga yung properties na yun...

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[bugsmobile]

No. Malaki yung bahay. Car was actually a luxury car. Hinabol talaga yung properties na yun...

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Mas malaki amount ng bahay & car? So the bank sequestered it, sold it, got their share & gave the sukli back to him?