credit card debt. can they reposses car as recovery

[_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