Bad Credit status...pano maaalis?

[chrismarte]

I applied for a loan sa BDO, kaso na decline and reason "delinquent credit/loan pending". Nakausap ko yung bank manager tinanong ko kung pede malaman yung pending na loan baka kako yung sa Credit Card ko lang. After 1 day sabi sa akin nang BM yung loan pending ko eh yung pinag co-maker ko na isang kamaganak.

Pinuntahan ko yung kamag anak ko para maliwanagan at magtanong kung anong nangyari dahil wala naman silang nabanggit. Nagkaproblema daw sila nang pagbabayad at muntik na ma hatak yung bahay. Nakipag areglo lang sila at pinagbigyan naman sila nang bangko thru re-structure program ata tawag dun at ngayon matatapos na hulugan.

Ang sabi sa akin ni BM, ten years after ma settle yung delinquent loan bago ako matanggal sa list as delinquent? Wala na bang way para mapa iksi or totally matanggal agad ako sa list? Ganun ba talaga yun? kahit co-maker ka lang same magiging bad creditor din ang status mo?

Sa banko lang ba ako banned or pati sa mga auto loan real estate etc. banned din ako? :arghhh:

[albert_b]

As far as I know banks lang. Maybe you can inquire din sa mga in-house financing like Toyota.

Parang medyo unfair yung pagcategorize sa yo. First, di ka naman nainform din ng bank regarding the delinquent account. Secondly, binabayaran naman na so dapat atleast yung co-maker man lang marelease na. I don't know much about stuff like those pero I just find it unfair.

[ab_initio]

I applied for a loan sa BDO, kaso na decline and reason "delinquent credit/loan pending". Nakausap ko yung bank manager tinanong ko kung pede malaman yung pending na loan baka kako yung sa Credit Card ko lang. After 1 day sabi sa akin nang BM yung loan pending ko eh yung pinag co-maker ko na isang kamaganak.

Pinuntahan ko yung kamag anak ko para maliwanagan at magtanong kung anong nangyari dahil wala naman silang nabanggit. Nagkaproblema daw sila nang pagbabayad at muntik na ma hatak yung bahay. Nakipag areglo lang sila at pinagbigyan naman sila nang bangko thru re-structure program ata tawag dun at ngayon matatapos na hulugan.

Ang sabi sa akin ni BM, ten years after ma settle yung delinquent loan bago ako matanggal sa list as delinquent? Wala na bang way para mapa iksi or totally matanggal agad ako sa list? Ganun ba talaga yun? kahit co-maker ka lang same magiging bad creditor din ang status mo?

Sa banko lang ba ako banned or pati sa mga auto loan real estate etc. banned din ako? :arghhh:

The responsibility of a co-maker is the same as that of the principal. You do not act as a guarantor here but as co-principal debtor. Had BDO been astute, they could have proceeded against you right away as you have the better capacity to pay. That is why, do not ever sign as a co-maker especially among relatives. Money strains the relationship. As to the bank's blacklisting, depende sa policy nila yun. But most likely, yes. Transfer your account to BPI or citibank. These days, Citibank is so persistent in offering its client a loan.

[yebo]

never sign up as co-maker, yan ang number 1 cause ng pagkasira ng credit history. the only persons you should consider to be co-borrowers for are your parents, siblings (kung single pa, pag married hindi na), and children. yung mga pinsan, tito, tita, kaibigan, naku kahit close kayo don't do it.

[jodski]

Sorry to hear that but that is an existing guideline na pinirmahan mo sa fine print and as far as I can recall rule din ito ng BSP to control non performing loans.

[chrismarte]

haiiist! lesson learned....that time kasi ok sila sa income and tiwala ako that time na kaya nilang bayaran....nagkaproblema sa pera coz head of the family nawalan ng work ng ilang months.

Salamat sa inputs. iniisip ko na lang na di para sa akin yung property na dapat kung kunin.

[crazy_boy]

based sa friend ko na nagwork sa PSBank auto loan before, 10 years nga daw yung record. tapos if i remember correctly, centralized yung database para sa mga na-blacklist. so kahit anong bank, lalabas yung record mo.

[CVT]

based sa friend ko na nagwork sa PSBank auto loan before, 10 years nga daw yung record. tapos if i remember correctly, centralized yung database para sa mga na-blacklist. so kahit anong bank, lalabas yung record mo.

Yup, agree here. Banks are now moving towards increased networking/cross-referencing.... Trend and technology... So, you better watch out for your credit standing....

17.2K:type:

[boybi]

They also check your criminal records, if you have pending cases with other banks or estafa, etc.

[shadow]

There must be a way...I don't know... Ang Dami Dami estapador na mga businessmen eh Ang lalaki ng tinakbong pera na utang Sa banks pero after couple of years nakakabalik and good credit standing pa rin Sa mga banks...


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[boybi]

There must be a way...I don't know... Ang Dami Dami estapador na mga businessmen eh Ang lalaki ng tinakbong pera na utang Sa banks pero after couple of years nakakabalik and good credit standing pa rin Sa mga banks...


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Gumagamit siguro ng ibang name or mga kamag-anak ang ginagamit nilang front.

[mahalay]

There must be a way...I don't know... Ang Dami Dami estapador na mga businessmen eh Ang lalaki ng tinakbong pera na utang Sa banks pero after couple of years nakakabalik and good credit standing pa rin Sa mga banks...


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I believe there is... Get a secured credit card to rebuild your credit score. Unionbank, metrobank, and BPI offers secured credit card.

[chrismarte]

I believe there is... Get a secured credit card to rebuild your credit score. Unionbank, metrobank, and BPI offers secured credit card.

Will they trust me to have a secured crecdit card? may lumabas na kasi na "hit" sa record. Isipin mo na lang na may maintaining balance.

- - - Updated - - -

I believe there is... Get a secured credit card to rebuild your credit score. Unionbank, metrobank, and BPI offers secured credit card.

Will they trust me to have a secured crecdit card? may lumabas na kasi na "hit" sa record. Isipin mo na lang na may maintaining balance.

[CVT]

The responsibility of a co-maker is the same as that of the principal. You do not act as a guarantor here but as co-principal debtor. Had BDO been astute, they could have proceeded against you right away as you have the better capacity to pay. That is why, do not ever sign as a co-maker especially among relatives. Money strains the relationship. As to the bank's blacklisting, depende sa policy nila yun. But most likely, yes. Transfer your account to BPI or citibank. These days, Citibank is so persistent in offering its client a loan.

never sign up as co-maker, yan ang number 1 cause ng pagkasira ng credit history. the only persons you should consider to be co-borrowers for are your parents, siblings (kung single pa, pag married hindi na), and children. yung mga pinsan, tito, tita, kaibigan, naku kahit close kayo don't do it.

Kaya nga,- never sign-up to be a co-maker...dahil, ikaw ang sasalo ng flak kapag nagmintis ang talagang nangungutang... Legally, puwede kang habulin sa utang na "hindi naman sa iyo" (sa pagkakaalam mo)...

17.5K:bruce_lee:

[Sindong]

There must be a way...I don't know... Ang Dami Dami estapador na mga businessmen eh Ang lalaki ng tinakbong pera na utang Sa banks pero after couple of years nakakabalik and good credit standing pa rin Sa mga banks...


Sent from my iPad using Tapatalk HD

very true, you can see naman sa mga ads lalo na yung brand new car madali lang maglabas, kahit nga wala ka financial requirements at saka ts, if meron ka naman colateral try mo sa mga maliliit na banks mas madali mag pa approve.

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[boybi]

What's a secured credit card?

[sirkosero]

What's a secured credit card?

Its a type of card where your bank deposit serves as collateral. If in case you default on your payment, the bank will collect the payment from your deposit.

The credit limit is based on the deposit that serves as the colateral. If your deposit is 100k, your credit limit has a max of 100k as well.

During the whole lifecycle of the credit card, you will not be able to withdraw the colateral from your bank account

[jon777]

Nagulat ako na 10 years after paying a deliquent account???????

Sa US , 7 years after declaring bankruptcy, ok na ulit ang credit score eh......

Napakahigpit pala dito sa Pinas.....

[jonski]

Its a type of card where your bank deposit serves as collateral. If in case you default on your payment, the bank will collect the payment from your deposit.

The credit limit is based on the deposit that serves as the colateral. If your deposit is 100k, your credit limit has a max of 100k as well.

During the whole lifecycle of the credit card, you will not be able to withdraw the colateral from your bank account

sakin dati 80% lang ang binigay sakin sa secured credit card ko. Like 100K na deposit ay 80k ang limit sa credit card.

[duramax_994]

a secured CC is somewhat similar to a debit card.

i had an unfortunate experience with a CC from Bank A. It was me and my gf's fault we were quite "overwhelmed" by the card's purchasing power. We forgot na hindi pera namin yun winawaldas namin. To make the story short, i incurred a total of 300k including interest. Card was cut off, demand letters and collection calls from Bank A started to pour in. They sent demand letters every month. Until umabot sa point, i guess my account was referred to a collection agency. Mas naging aggressive yung collection nila, one caller even threatened na NBI agents are on the way at hahanapin daw ako. I told him to bring em on, from the very start i told the collectors i will never run from my obligation it's just that i really cannot pay that time. The calls and love letters started to diminish. That was in 2007. From then on i never tried to apply for a CC again. Instead i use what's available on my debit card.

Ok so i was aware of this consequence kuno of being blacklisted from the bank association or something.. Recently i got the surprise of my life. A branch manager of Bank B offered their car loan coz she knew i was planning to get the Ford Ranger. Reluctantly i agreed and applied for the car loan, knowing na most likely i will be turned down. My plan b would be to let my mom or sister apply for the loan in case ma deny ako. After 3 days of "background check" on me over the phone, they approved my loan 3 months ago..

*Going back to my Bank A card, they sent me a xmas letter yesterday offering settlement of 68k in which they will guarantee that my name will be removed (that is if my name is really there.. hehe) from the blacklist and will provide me like a certificate that account has been settled. I guess it's now time for me to clean up my past..