PLEASE REFRAIN FROM POSTING QUERIES HERE.
THE COMMENTS ARE UNREASONABLY LONGER.
INTEAD,USE THE SEARCH BOTTON THERE - - - - >
1. Ask for a Statement of Account
This is the FIRST step. Otherwise, you cannot go to Step 2 without resolving this issue first.
You mean you will just accept ANY amount just because of their say so?.... okay, I give up then. go ahead, pay.
2.Once received, review.
Is it duly signed and certified correct by an authorized bank signatory?
You would not want a janitor signing your SOA, would you?
3.Offer what you can afford ONLY,not what they want.
You are the one responsible for its payment,not them.
propose reductions or waivers.
(especially those excessive charges!)
4.If there's an Agreement,document it!
no verbal agreement. they can deny it later on.
5 If they won't agree, don't force yourself to pay even if you cannot afford.
it will just dig you deeper further into debts.
6.Since no agreement can be made,let the court to decide.
(definitely, the court will reduce it!)
So now, you have your reason everytime they call.
How can they collect when you are still asking for that SOA?
How can they charge you with RA 8484(Intention to Defraud)?
How can they file a case when you are willing to settle it?
Learn from your lessons after that. Avoid making the credit card
as your financial crutches.
for supplementary reading :
http://failuretopaycreditcard.blogspot.com/2010/10/i-want-to-pay.html
My several credit cards are more than 6 months deliquent but still paying monthly less than their increasing minimum required. I still receive the ballooning monthly billing statements, is that different from SOA? Should I ask for it instead of what I am receiving monthly?
ReplyDeletehi banker! thanks for posting (again) the email address of BSP. i would like to file a complaint for the very rude Mr. Eduardo Santos, the Manager from BDO who harassed me the other day: threatening to divulge my cc debts in my company, to get a copy of my payslip, called up my supervisor and HR Director, etc.
ReplyDeletei also still received my monthly SOA with ballooning monthly/minimum billing statements (additional late charges and finance charges). is this different with updated SOA?
maraming salamat po ulit.
The billing statement lumps everything so that you cannot distinguish what is the principal and what is the interest amount.
ReplyDeleteThe SOA can ( or should) show you the breakdowns, thus, when negotiating, you can cite figures for possible reduction or waiver like 50% of P xxx interest and 100% of P xxx penalty etc.
Now, would that be a more reasonable request than merely plucking figures out of thin air?
And you can also counter-check if the figures are computed correctly.
hi banker! i am so thankful i chanced upon this blog of yours and having read all your posts as reply to many problematic people...you are an "angel"..in disguise maybe =)
ReplyDeletei will email you about my concern and hope you will spare me an advice on how to deal with it. thank you so much!
mabuhay ang forum nato!!
ReplyDeletemabuhay ang mga readers!!!
mabuhay si sir banker! =)
I'm really no angel,
ReplyDeletejust slightly below that,heheheh...
yup.I would be glad to receive an e/m from you ( all )
mabuhay ka din Yuri 07!
People's Empowerment Against Collectors' Excesses (PEACE)
sir banker,
ReplyDeletendi ka natutulog? ba't 4:27 AM yan?
Thank you very much Banker, because of you I have peace of mind, not unlike before I'm always full of doubts and fears. Try to send letter in HSBC if there are collectors who are so rude. Grabe talaga yun ginawa sa akin nun RECEIVERS AND LIQUIDATORS INC. Nakakahiya dito sa office dahil na broadcast yun utang ko...kahit nagpakumbaba na ko still nag tapang pa rin sila. I decided to send letter to HSBC at tinakot ko sila na irereklamo ko sila sa BSP lalo na sa Committe on Consumers Affairs & Committee on Ethics. Ayun mula nun wala ng tumatawag dito sa office. Takot din ang HSBC na madamay sila. Try nyo mag send ng letter sa HSBC. Ang kontak ko sa HSBC si Ms. Benzon (mabait po siya) , kahit Fax nyo lang letter nyo ok na yun. Tel no. 5818303 / Fax no. 7555036
ReplyDeleteThanks ulit Banker.
takutan nga lang talaga yan,..yung sakin inabot ng isang taon walang reply sa lahat ng proposal ko, at pag tuwing sinasabi ko sa letter na handa ako humarap sa korte para patunayan na willing ako mag-pay at sila lang ang ayaw pumayag, matagal silang nananahimik sa pangungulit.. tapos ililipat sa ibang law firm.. dahil kc siguro they realize wla sila mapapala saken.. hehe
ReplyDeleteyuri_07,
ReplyDeleteI normally open my e/ms before I do my daily morning 5-km walk.
"I have two doctors, my left
leg and my right."
George Trevelyan, 1913
yup. you are right. if you really have no money/property to pay, there is nothing more they can do. kill you? ^-^
thanks for sharing. like Ms. Benzon,and Mr. Manning/ex-president, you too is mabait
ReplyDeletebut maybe, just maybe, you can ask for a formal apology from them. take it to a higher level para mas may effect- that they wont do it again for the benefits of others ^-^
hi banker, i have this concern about molaer law firm, who is now threatening my mother, if i willnot settle daw my account i will be improsoned so yun sa takot ni mother natulalal na sya, tapos everytime na me pupunta sa bahay ganun ang nararamdaman nya kahit hindi naman dahil sa cc ang reason, nagkaphobia sya, para di ako makunsyensya binayadan ko yung utang but the phobia is now there, pedi ba ako magfile ng complaint para dun? please help...
ReplyDeleteBranded,
ReplyDeletethat was very disgusting. there is really no imprisonment but because of what they did, you can go to the following :
1. IBP - Committe on Bar Discipline
2. Supreme Court of the Phils.
3. Bangko Sentral ng Pilipinas
4. Bank itself.
You file a complaint about their legal ethics. a lawyer will prepare your Affidavit for that.
or you can file a criminal complaint(grave threats/coercion/scandal/trespass to dwelling) alam yan ng lawyer kung anong diskarte.
banker, thanks for posting this blog.. i need your help.. i have cc with metrobank, i havent applied for it, pinadala lng nila sa lahat ng nagtatrabaho sa comapany namin dahil my atm kami sa metrobank para sa sweldo namin.. d na ako naka pay ng utang ko when i resigned kase nalugi din ang business ko.. d na ako natanggap ng bill from them kase ang billing address na gamit nila ay sa previous company ko, d rin ako nakareceive ng bill sa dati ko boarding haouse, baka rin di nila alam yun kase nga d naman ako nag fill out ng anong form from them and wala din ako pinirmahan but just an authorizaton letter for our front desk to claim the cc for me pag deliver na. before din ako nag resign, i remember nag submit ako ng statment of income tax from BIR sa office nila..i was thinking na they have my permanent address so expect ako na papadalhin nila ako ng billing, di ko na update yung nyo add ko dito sa cebu dahil palipat lipat naman ako ng boarding house thus I always use my provinacial address.. tinatawagan din nila ako sa cell ko but then d ko nasasagot kase bawal ang cell sa bago ko work, d ko nalang dinadala at pinahiram ko na lng sa bf ko.. sya ang nakakasagot ng col until d na rin magamit ang fon ko dahil sira na.. afte 4 months, naayos ang fon ko then natawagan uli nila ako friend ko naman nakasagot. wala pa po ako balak na magbayad for now kase maliit lng po kita ko at i'm helping my das nagpapaaral sa mga kapatid ko..may mga maipundar nama ako na appliances konti pero takot ako na kunin nila yun, mababaliwala lng ang hirap ko.. gusto ko sana magbayad ng 1thou each month kaya lng alam ko balewala lng ang amount sa interest pa lng and charges.. 34k kase ang principal na utang ko with them, and that was 10 months ago, gusto ko sana byaran ang principal lng paunti-unti, pano ko ba gawin yon?
ReplyDeletebanker, makakasohan po ba ako ng estafa?
ReplyDeletejust to remind again the rules on credit card debts:
ReplyDeleteRule No. 1 - If you can't pay;don't.
Rule No. 2 - Prioritize you need;
not their greed.
Rule No. 3 - You rule your life; not
them.
and yes, utang is a civil case. only criminal cases have imprisonment.
hi banker! its good that i found this site. here's my problem:
ReplyDeletei'm only 1 month deliquent in paying my citibank card. But i only pay the minimum amount so sabi nga ng iba, parang baliwala rin yun binabayaran ko. And now, the minimum amount is more than 6k which hindi ko kayang bayaran. kasi they billed me 2.5k for annual membership fee (na ayaw nila i-waive dahil hindi daw ako qualified (?) is there such thing?)
im afraid na next billing period, 2k finance charge + 500 late charge will only add up to my bill. so sayang talaga yun binabayaran ko.
i've been trying to call them to ask for alternatives "balance conversion", "amnesty program", etc. pero they told me na hindi daw pwede yon.
gusto ko na bayaran para maiwasan yun harassment na ginagawa nila sa ibang clients hanggat maaga. pero wala na ko alam na ibang way to settle this problem.
can you suggest other alternatives? The maximum i could give per month is only 2k (since i have lots of other bills to pay)
hope you could help me. :)
Banker,
ReplyDeleteI know na effective yun mag complaint ka sa bank kapag may harassment call ka na from collection agent. Pero grahe yun ginagawa nila ngayun harassment sa akin dahil sa pag complaint ko sa kanila. Sinabihan ako na "ang kapal ng mukha mo mag complaint sa bangko ikaw na nga itong may utang" tapos minura mura ako at pinag sabihan pa ako ng mga bastos na salita. Grabeng pang aapi yun ginawa nila, pakiramdam ko dinurog ako dun. lagi pa din sila tumatawag kahit sinabihan ko sila na nakipag coordinate na ako sa consumers affairs sa BSP para ma restructure yun account ko pero panaypa din ang tawag ang pinipilit ako na bayaran ko ng buo ang utang ko, Nakikipag matigasan ako na never ako makipag deal sa kanila. Talagang nagalit po sila nun nag complaint ako sa bangko. Ang utang ko po kasi ay nasa 25k pero willing po ako talaga mag bayad kaya nakipag cooperate ako sa BSP at HSBC. Ano po ba dapat ko gawin kasi natatakot ako na baka mga office mate ko pa makasagot ng phone at bastusin sila. Di ko akalin na may mga taong sobrang mang harass. Sinabi pa nya na dapat sa akin pinapatay. Maayos naman ang payment ko sa kanila kaya nga naka 4 cards ako pero never ko na maximize yun dahil alam kong di ko mabayaran. 25K po utang ko sa kanila. Banker ano ba dapat ko gawin kasi nakakahiya kung yun boss ko pa makasagot ng calls nila. please help po. Thank you and God bless.
Miss. crying lady
"ItsieBitsie said ...
ReplyDeletegusto ko na bayaran para maiwasan yun harassment na ginagawa nila sa ibang clients hanggat maaga. pero wala na ko alam na ibang way to settle this problem."
that would be WRONG.you pay what you can afford not to do away with their harassments. if you pay, the harassments will just continue next time around.
If you cannot pay, don't force yourself.( Rule No. 1)just ask first for your statement of account - that is the point of reference, otherwise, you have the right NOT TO PAY without it.
Miss. crying lady,
ReplyDeleteyou should really be laughing at their antics, heheheh... they are not the bank, nor bank employees, nor owner of the law office. they are mere collectors and messenger who bullies those who have debts,thinking that they are debt-free ( daming utang din nila no? heheheh,.)
like what I suggest, first ASK FOR AN SOA. no SOA, no pay.if they threaten you with a case,"go ahead"
(they wont and they cant)
hi banker
ReplyDeletehi banker,
ReplyDeletegsto n po ng mrs k n i-settle n po yung mga cc nya. would it be ok kung pupunta kmi directly s mga banks pra mkhingi ng SOA? Mrmi n ksing tumatawag d2 s amin at gsto nlang pagbayarin kmi khit minimum lng. 5mos n pong hindi kmi nkkbyad pero gsto n nming i-settle nga po lahat pero hanggang s mkkya lamang nming byaran. Grabe tlga clang mang-harass at kung pwede k lng nilang patayin s pone mlmang gnwa n nla. Pls help lng po. Mabuhay po kyo and may God bless u and ur family. Diyos n po ang bahalang gumanti s mga kabutihan nyo!
lyn
hi. is there a law that states bank employees should not have delinquent accounts on any loans? one collector was telling my husband that they can have him fired because it's against banking practices to have an employee who has a bad credit record. They were even threatening to "write-off" whatever money he has in his bank account (not his money actually, but his brother's).
ReplyDeletei hope you could give light on this pls. thanks.
is there anyone here who have received a letter from BUEKHEN INTERNATIONAL?
ReplyDeleteis there anyone here who have received a letter from BEUKHEN INTERNATIONAL?
ReplyDeletelyn,
ReplyDeleteyes. you may go there personally but better yet put that formally in writing para may proof ka.
re: bank employees
having an utang is a personal thing. walang pakialam doon ang company unless there is conflict of interest.
re: Buekhen
...just another collection agency like the others.
banker,
ReplyDeleteThanks for the reply. Banker, We are thinking of going to the bank first just to ask the SOA and then saka po sana kmi gagawa ng proposal. Clarification lng po, ibig nyo po bang sabihin ay gumawa n kmi ng proposal, say P1500/month ang aming kayang bayaran, para po may proof n kmi n desidido tlga kming magbayad then saka n lng po kmi makipag-haggle for any discount n pwede nming maibawas doon s ibibigay nilang SOA? We again hope n ma-enlighten nyo po kmi s dapat nming gawin. Thanks a lot po ulit and may our lord continuously bless u and ur family.
lyn
lyn,
ReplyDeleteasking for an SOA is already a proof and shows good faith about settling the obligation.
1. Ask for an SOA
2. Review ( I'll help if you wish)
3. Write a proposal (-same-)
then, we will know what other diskartes are needed.
Sir banker,
ReplyDeletenarinig ko sa radio kagabi n ngayon daw ay may nakukulong na sa hindi pagbabayad ng credit card thru ACCESS DEVICE LAW po...can you enlighten us on this...bigla akong natakot kagabi...kase po lawyer din yung pinagtanungan nung caller e...
hi sir banker,
ReplyDeletegood day!
i have 4 credit card na hindi ko po nabayaran, at 2 rin po sa wife ko po, sa ngayon malaki na ang amount dahil nga po sa mga charges. tanong ko lg po f pwede po ba kaming makasuhan jointly at ma attached ung property namin? wat f sabay ung mga banks na mag file ng case sa amin? pwede ba yon? pls enlighten me regarding this problem.
thank you po & more power!
coffee addict,
ReplyDeletethe lawyer is telling the truth, but not the whole truth.
Not paying your card accounts because you used a FAKE CARD and fake information ( intention to defraud) will certainly land you in jail.
On the other hand, simply not being able to pay is not a criminal case.
yes.you are jointly liable ( see Family Code spec. Art. 94)but there are limitations to what they can get from you if ever ( see Rule 39 of the Rules of Court spec. Sec. 13)
ReplyDeleteInstead of waiting something to happen, why not ask now,formally, for your Statement of Account as suggested herein?
Dear Banker,
ReplyDeletethanks for the info..its a great relief..i followed your advice to ask for an SOA instead of talking to this CA..it's been a week now but still they dont have answer to my queries on e-mail to them...what will be my next step?thanks in advance and more power..u are indeed a great help. c",)
sir banker,
ReplyDeletethank you for ur advice, i'll ask an soa from them, hsbc send me an email reminding me bout my accounts, is it ok f i reply them via email too?
banker sir,
ReplyDeletemay offer po ang unionbank na amnesty wherein binibigayn ka ng 24 to 36 mos to pay kaya lang pag na total po abot ng 75k, may nakausap po me sa leonidas law office daw sya ang sabi nya kailangan ko daw mag sign sa agreement ang sabi ko pwede ba indicate sa contract na pag nagkapera at kaya ng i settle in full pwede ba kung ano na lang ang remaining balance without the additional interest ang sabi nya wala daw nakalagay sa contrat nun pero pwede daw magrequest ng recomputation is that ok po ba?kasi takot ako pirmanhan baka yug 75k ang pabayaran nila at i force yung 24 or 36 mos....salamat po ng marami...
dear banker,
ReplyDeleteask ko lang po bakit pag hindi nakakausap ng mga collectors ang may utang over the phone or even personally pag pumupunta sila sa bahay ay sinasabi nila sa kapitbahay or kamag-anak ang tungkol sa utang mo sa banko/credit cards. di po ba dapat, secure ang privacy ng acct mo sa kanila kahit pa sabihin na delinkwente ang mga ito. di po ba pag tatawag ka sa customer service nila, may mga verification procedures para masigurado na yung acct holder ang kausap nila. pwede po bang ireklamo ang pagkakalat nila na hindi ka nagbabayad ng utang mo?
dear banker,
ReplyDelete1 have 4 credit cards & 3 of them are delinquent bec of non-payment.
i wasn't able to pay them when i was forced to resign bec of health condition.now, i already have work but the salary is not enough to pay those delinquent accts. will they (credit card companies & collection agencies) be able to trace that i'm now working & force me to pay everything or can i just ignore them until makaipon ako ng sapat para mabayaran sila.
thanks po! =)
coffee addict,
ReplyDeletewe will then review the SOA for correctness and ask for concessions.
erots33,
just be sure you have a hard copy.
assasin 0205l78,
the SOA they will give is very devious. forward it to me and I'll show you why you should not sign.
AnonymouSES,
1. yes. you can cite them for violation of BSP 454.write BSP/bank proper who are those guys.
2. always ask for your SOA. dont force yourself to pay what you cannot afford. it will dig you deeper into debts lang.
Note: if you are able, can you use some "nicknames" dami kasi anonymous na? gets me confused in answering queries. hehehe.......
Hi,
ReplyDeleteI had my credit card from union bank for 10 years, I had it cancelled this year when they offered an amnesty because I fell into 3 consecutive month non payment. Falling into hard times and all that. I signed an agreement where I will issue PDC for the monthly. Unfortunately my wife went balistic when I told her since we could barely make ends meet right now and the amnesty was not really amnesty when you compute it.
Now my luck really bottoms out as I lost my copy of this agreement I signed. Its just a 1 page fax.
I am willing to issue the checks and strech my finances.
Since calls are filtered in my office, I was not aware they called. Which is not an excuse as I should have called them. But I will be issueing checks which I can not pay anyway.
Suddenly after 3 months this atty zialcita calls me and demands that I pay 90k immediately. I call the bank and verified, they tell me the can not do anything since it was already forwarded.
Then I get this call again and same demand that I pay. So i ask for a statement of account and he becomes offensive and threatens me with subpoena and if i do not show ill be locked up in jail.
I gave my fax number but no statement or anything arrived from this zialcita.
then they go to my mothers house (that was my home address in the creditcard) and says I have a warrant of arrest when there is none.
Can my signing of the agreement to issue checks and not issue it be cause for a criminal liability?
I want to deal directly with the bank to settle on something I can pay but they are turning me down.
What can I really do?
dear banker,
ReplyDeletea certain atty lanchica or lauchica called our barangay & was able to talk to the baranggay admin & said that he is fr a law firm. the barangay admin then called me thru their bantay bayans & asked me to go to the barangay & told me abt this atty lanchica or lauchica. since i'm a member of the community, the bgy admin said that it's their responsibility to know my side. so i explained that is abt my credit card & was trying to make paymnt arrangements but they don't want to accept the term that i can & able to & what they want is for me to follow their terms which is really sky high & very impossible for me settle. why did they call the barangay when it's my own credit card & has nothing to do w/ the barangay. banker, what action shld i do w/ this humiliation that i got fr this atty lanchica or lauchica calling the barangay.---vaklush rein
hi banker!
ReplyDeletei have delinquent accounts with JCB and unionbank. i will be leaving the country (to be able to pay them) soon. I am afraid that they might issue a hold departure. how will i know if a warrant of arrest have been issued to me? i am so worried.
thanks!
Banker,
ReplyDeletemeron bang way para hindi na umabot pa sa pagpunta sa bahay ang mga GAHAMAN na CA?im afraid that they will make a scene sa lugar namin..i've been asking them for an SOA pero until now wala silang binibigay na SOA..how can i make a repayment proposal kung until now hindi pa sila nagbibigay ng SOA?
a friend of my mon has been deliquent also with her CC years ago..pero hindi nman daw sya umabot pagpunta ng CA sa bahay...e ngayon mukhang mga desididong makadenggoy ang mga mga GAHAMAN na CA na ito..that they will do anything just to collect...pls advise..thanks ulit...
i ask for SOA but until now wala pa po akong natatanggap na SOA....tapos harassment is keep on comimg....natatakot n po ako.
ReplyDeleteMga friendship kapag to the maximum na yun harassment sa inyo try nyo mag send or kahit fax nalang sa original creditor nyo ng complaint. nagawa ko na to at very effective kasi wala nang tumatawag sa aking law office... hay thanks kay Banker sa lahat ng briliant idea nya. May utang kasi ako sa HSBC kaya eto ang diskarteng ginawa ko, try nyo baka sakaling makatulong, let then inform na kagit may utang tayo alam natin yun mga rights natin. goodluck. try nyo send kay Diane Benzon ng HSBC, tel no. 5818303 fax number 7555036
ReplyDeleteThe Hongkong Shainghai Banking Corporations
1250 Makati City
CC: Ms. Joy Lorico
Bangko Sentral ng Pilipinas
Consumer Affairs Unit
A. Mabini cor. P. Ocampo St.,
Malate, Manila 1004
Re: Unfair Collection Practice of (Law Firm)
To whom it may concern:
I am writing to complain about the above-named collection agency. This collection agency engaged in the following unfair and abusive collection practices specifically by the BSP Cir. 454 Series of 2004 Sec. 7.
(State your reasons why you cant pay)
(law Firm) began contacting me this month of September about my account with Hongkong Shanghai Banking Corporations (HSBC). The abusive collection tactics included:
1
2
3
4
I demand that the harassment detailed above stop immediately.
I demand that you cease efforts to collect upon this debt, do not call me at my workplace because that is not convenient for me and is not permitted by my employer, and do not contact me by telephone. I demand that any further communication regarding this debt be in writing.
I request that your agency investigate the practices of (law firm) and take appropriate enforcement action to stop these unfair and abusive practices. Thank you.
Sincerely,
(your name)
Ms. happy
Carlo,
ReplyDeleteagreeing to issue PDCs means you default on one condition of whatever Agreement you entered into,thus, the Agreement is voidable ( IDK what it contained really)It is therefore a civil,not criminal issue.
what you can really do is to have a formal request for that SOA. THAT is your defense for all the harassments they will throw at you.
If they cannot provide you one, what debt are they talking about?
----------
vaklush_rein,
lawyers dont call. collectors do.
however, you can file a complaint or just an information with BSP/Bank/IBP about the unethical practices of the employees of that law office( see BSP Cir 454)
------
Anonymous ( pls provide other ID
next time kung puede)
HDOs are for criminal cases ; utang is a civil case.
coffee addict,
ReplyDeletei have posted some diskarte within this blog,maybe you want to review these?
1.ask them for their authority, ID and appointment by the bank as collection agency and authorized signatory of the bank with board resolutions,etc,etc. BEFORE entertaining them.
2.If they insist in coming in,its your turn now to threaten them with Qualified Trespass To Dwelling, a criminal case penalized by imprisonment.
3.Write a complaint or information to BSP/BANK/IBP of any unethical practices they might make.
whew...basahin mo na lang uli.^-^
Hi Banker,
ReplyDeletethanks for the reply. I did call up unionbank, talked to tina marquez and asked for soa. unfortunately kahit senior manager, no real approving authority so nothing offered, nothing agreed, except to send soa. And she said that agreement was already viod since i defaulted.
So question is, they cant use this anymore against me?
Still much more polite than that rude so called lawyer collector. I complained about that and asked her to get them away from me.
So I got the SOA and no calls.
The statement totals 146k, though I only owe 77k at the time of the card's cancellation in May, they added in an interest charge from May to Oct before deducting my last payment in april!
then they added in a collection fee of 15% so its 146k.
I call Unionbank again to work it out. What she says is that I pay 33k and the 77k can be paid in installment with interest for a number of months.
I dont have 33k and I told her so, she says I should raise it!
Then I receive a call from that collector's staff telling me she was asked to call by tina marquez to verify if I receveid the SOA. I just talked to tina and we discussed this!
So I figure if I pay the 33K that will be the collector's fee!
I will pay my 77k balance in installment, but I can not come up with 33k and even if I could I am not willing to pay that collector that amount for harassing me!
Is there a way around this?
As always, your advice very much appreciated!
If they could provide you with an SOA,take a look how they compute the 25% attorney's fee:
ReplyDeletetotal due x 25% = attorney's fee
right?
they will compute it this way:
total due/ 0.75% = total obligation - total due = "25%" attorney's fee
that is just one of the tricks they play. that is why I would rather call the bluff " go ahead,sue me".
Many times the court reduces the excessive rates to only 2% per month w/o the other charges, including deletion of the 25% attorney's fee, w/c is contrary to public morals, to a certain amount say P 20,000.00? see Ruiz vs. Court of Appeals and supreme court rulings.
This is the reason why they wont or cannot file a case. sayang din....
Many thanks for your reply.
ReplyDeleteI looked up that case and it helps.
Also for added info to the readers here, this may be helpful too. I found it while looking up the case you mentioned.
http://www.dlsu.edu.ph/research/centers/cberd/pdf/bus_focus/2005/Christmas%20Remnants.PDF
I plan to pay only my original amount due when im able to but in installments so not sure how long that takes.
This is for my own peace of mind and to clear my name.
I figure, if I start doing that, even if we have not yet come to any new agreement. Next time I ask for a statement after some payments. They will deduct this from the principal right? Or would they simply lump it all before applying my payment?
And if they do call their bluff to file a case once I pay off the principal, it will only be based on the interests being charged and collection fees (which I do not plan to pay)? therefore they definitely no longer have a case?
Am I thinking right or totally out of my mind?
You are thinking what you thought is right based on available information on hand.
ReplyDeleteTo add to your available info, under your Agreement, application of payment shall be made first on the expenses,kung may sobra to penalties, then to interest, then to principal (last priority).
In other words, if your interest is P1,000 monthly while your payment is only P 500.00/monthly you will just engage in a NEVER ENDING FINANCIAL MARATHON.
That is why I would suggest that the total amount of your obligation should be established first before anything else.
Banker,
ReplyDeleteThis site is so helpful. I am under the same conditions as most of your "clients" (so to speak) are. I am still back-reading. I am doing this for myself and to help others from the information you shared with us. Thanks!
Invictus
(I don't have a blog account, and as per your request, I'll give a nickname, hehehe.)
Banker, your blogsite is heaven-sent, thank you very much!
ReplyDeleteI have a loan with Citifinancial, 3 years to pay, 1 year ko pa lang nababayaran, nagkaroon ng problema ang company namin at ngayon 4th month ko nang hindi nakakapagbayad ng monthly amortization.
Hindi ko naman sila pinagtataguan kapag tumatawag kahit madalas, bastos silang kausap. Hindi naman sila nagmumura pero ang tapang-tapang nilang makipag-usap, pakiramdam ko "alipin" ako na dapat lumuhod sa kanila.
Kahit anong explanation ko kung bakit hindi ako nakakabayad, hindi sila nakikinig, ang lagi nilang sinasabi, "gawan ko ng paraan" at magbibigay sila ng specific date kung kelan dapat ako magbayad.
Sa totoo lang, nakaplano na akong magbayad bago matapos ang buwan (October) kaso me tumawag kanina sa nanay ko, Mr. Lozano daw, nakahanda na raw ang 2 demanda sa akin, yung isa ESTAFA. Kako, bakit ako idedemanda ng estafa?
Ang sabi pa raw, maliwanag na pera ang inutang ko, dapat daw bayaran ko at umabot na raw sa P50k yung babayaran ko, bukod pa sa utang ko. Kapag hindi raw ako nagbayad hanggang Wed (Monday ngayon), itutuloy daw ang demanda sa akin.
Two months ago, nag-fax ako sa Citifinancial ng promissory note na magbabayad ako ng 1-month equivalent of my monthly amortization (3k) pero hindi ako nakabayad. Pwede ba nila akong kasuhan dahil dito?
Berlin,
ReplyDeletepuede ka kasuhan because you violated your agreement( promise to pay) BUT they wont or they cant.check mo " Go Ahead, Sue Me"
as a reminder, your starting point ALWAYS is to agree first on the amount of your obligation before you pay.
or just e/m me, okay?
Banker, salamat, pero nung kinausap ko yung Mr. Lozano, matino naman yung napag-usapan namin, P3,500 lang pala, tatahimik na sya.
ReplyDeleteNalaman ko rin sa nanay ko yung ibang sinabi nyang pambabastos: "wala naman daw pala akong asawa, eh di wala akong pinagkakagastusan!"
Malamang, asawa nya ang gumagastos sa kanya.
Nanakot pa raw na palalagyan daw ako ng record sa NBI. Akala naman nya, ganun-ganun lang yun at maniniwala kami.
Salamat sa payo, Banker.
banker,
ReplyDeletei received a demand letter from DM law office from 2 of my credit cards...ung unang card ko i e-mailed them to ask for an SOA pero its been 3 weeks pero walang reply..now may nareceive ulit ako na demand letter from my other card.the question is hindi ba baka makita nilang 2 ung demand letter ko from them with different banks baka ipursue nila ung case ko?
pls enlighten me...
ganoon din ang gawin mo.
ReplyDeleteask for your SOA. if they cannot provide it, what utang are they talking about?
thanks banker for the reply..right now i am working..is it safe to use my e-mail address in the office or i'd rather use my yahoo e-mail for my protection?pls advice..thanks for the great help banker.
ReplyDeletehello banker..this blog site is a great relief for me..i have an AIG cc kaya lang since na naibigay sya sa akin hindi ko pa sya nababayaran kahit 1 payment nawalan kase me bigla ng work e nagbalance transfer ako sa kanila nung may work pa ako.now i got a demand letter from DM law office stating that they will file a case under RA8484 kung hindi ako magbabayad ng almost 37k (my credit limit is 10k only).natatakot akong un ang gamitin nila against me kase i havent paid nga a single peso.i am planning to pay 500 sana every sweldo to show i have intention of paying them..but i already asked for an SOA thru e-mail kaya lang wala silang reply...tama po bang magbayad ako? help pls...thanks in advance and God bless you and your family.
ReplyDeletestardust,
ReplyDeletepreferably use your Yahoo na lang.
aig girl,
how can you pay when you dont know kung may utang ka or wala ^-^
if they give you an SOA, that means may utang ka nga.but puede din i-dispute. so, what case can they file?
stardust/aig girl,
can you e/m me for your follow-up queries? txs.
same issue here, after years na walang pagpaparamdam all of a sudden they start calling me at home. i talked to them asking for some sort of arrangement but they said i have to do it their way. so i decided not to agree coz i know i can't pay that amount on a monthly basis. now, they send me text messages and it's very annoying.i dont think lawyers will text me about being sued, right? i think it's a little funny and stressful at the same time. if only i can send them this link para matauhan sila. and sana kng may mga collection agents na makakabasa nito, hindi nyo makukuha sa pananakot para makasingil. mas ok kng maayos kayo makipagusap dahil most of us want to settle the issue. i have been a collection agent once (for US companies) and hindi naman sa pagbbuhat ng bangko pero nakakakolekta ako ng maayos dahil mahinahon ako makipag usap. now how can i settle this kung ayaw nila makipagcompromise sa akin? salamat sa mga opinions and tulong :)
ReplyDelete-pineorange
you are right. just because you are a past due account does not mean you have the right to demean me! ( Fair Debt Collection Practices Act)
ReplyDeleteBut given the Philippine scene where undergraduate messengers are given the authority to collect, hmmm......
yes, you have the right NOT TO PAY.i did.
Banker,
ReplyDeleteNung may work pa ako, one of the agents called, e matagal absent yung colleague ko. What they did was divulge to ME kung magkano ang loan nung officemate ko, saying idedemanda siya. Paki-alam ko ba dun!
So, my question is, do they have the right to divulge such information (kahit sabihin man lang na may utang siya or something) to other people than the creditor him or herself?
Nag-aalala din kasi ako baka gawin sa akin dito sa nanay ko. Kasi, mukhang nangyari na sa iba...
Salamat!
Invictus
Sir ask ko lang magkano po ba ang Substancial amount para makasuhan ka ng demamda?meron po kasi akong 2 cc isang limit is 50k and the other one is 73k is that enough po ba para kasuhan ako?ano po ba ang kakaso sa kin?estafa po ba?RA8484 of Civil CAse?pls.help po....
ReplyDeletethank you po
ruin
Invictus,
ReplyDeletekorek. anong pakialam mo? but really, its one of pressure techniques. you can e/m consumeraffairs@bsp.gov.ph and give them details about violation of Cir. 454.
there are 500,000 accounts out there. what make's you so special to them except probably madali kang takutin nila to get their commission.
RA 8484 applies to persons who employed identify theft and supplied fake info to get their credit cards, and not pay. did you?
thanks, banker, for that contact information. if ever that would happen to my mom, i will definitely email bsp. medyo mahina kasi puso ng nanay ko.
ReplyDeletei am just a jobless creature who wishes tp pay them as soon as i can. for now, i am following your advice to prioritize my needs, and never they greed. based on your helpful posts here, i shouldn't be worrying about RA8484 because i didn;t do anything wrong except for the fact that i really cannot pay now.
tumatawag sila at nakakausap ko minsan. kakabadtrip nga e. sabi pa nung isa minsan, pare lalaki ka naman, magagawan mo ng paraan yan. sabi ko, i will pay them if i can, kait na i-record pa nila. sabi niya, wag dw ako passive sumagot. sabi ko, huh? anong passive, o cooperate naman ah? hay naku...
banker, salamat sa tulong mo dito sa cc problems namin. at kahit yung advice mo sa dalawang doctors mo (your left and right), ginagawa ko na rin every morning. :-)
salamat naman at may time ka pang sagutin kami dito.
invictus
sir,
ReplyDeletesino po ba ang pwedeng sulatan sa union bank?para sa cancellation ng account at request ng SOA.....kasi yung customer service nila lagi lang po collecting agencies ako ni rerefer....ty po
shane
the reason is most probably - your account is no longer existing in their books.
ReplyDeletecheck mo if she is still around. mabait siya:
Ma. Christina R. Marquez
Senior Recovery Officer
813-8248
if they filed a civil case against me for not paying my debts, will i be blacklisted with nbi?
ReplyDeletenope. only those with criminal cases are no their hit lists.
ReplyDeletesir,
ReplyDeleteSino po ba ang pwede kontakin sa equitable american express... ty po...
sana po matulungan nyo ko.
ask to be connected with their remedial management unit, recovery officer or similar units.
ReplyDeletehi sir,
ReplyDeletejust last friday i received a letter from DM law office eto po yung nakasaad sa letter...
You may refer to the several demand letters (one was with complaint- wala po ako natanggap) whic ere either personally delivered by our legal Rep?iunvestigators or thru private couriers.
As a final gesture of respect to your person, our client Unionbank thru our law firm, again formally and with serious urgency demand paymnet from you of your said unpaid account with stern legal warning and advise not to dispose, sell transfer your real (house and or lot) and personal (car's, tv. sala set etc.)which may have been conditionally and officially listed down by our officers, nor to withdraw you bank deposits and or your salaries and wages, if any, in the event the instant case has been filed and the necessary Writ of Preliminary Attachment has been issued by the court concerned and then served upon, under pain of Contempt of Court.
Your deafening silence and or non-response to our said demands indicate your malicious and unjustified refusel to pay a just and demandable obligation to our said clinet.
This is our fair and ultimate warning.
very truly yours,
Alexis Molaer(computirized and pirma)
Sir ano po ang gagawin ko...tulungan po nyo ko....pasensya na po sa abala....at haba ng letter
natalie
natalie,
ReplyDeleteas you stated, computer-generated talaga yan and you will receive several FINAL demand letters.
next time, just throw them immediately upon receipt. wala namang good news dyan, panay harassments.
e-mail me nalang again.okay?
sir,
ReplyDeleteok lang po ba na wag ko sagutin ang mga calls ng collecting agencies?nakaka stress po kasi talaga...palagi pa po silang nagagalit at sumisigaw.....tapos kung ano anong di magandang salita ang sinasabi.....
ty po.
natalie
natalie,
ReplyDeletethat is a good diskarte. however, if you unwittingly answered the phone, just get the name/collection agency/bank being represented and give it to me. we will write their PRESIDENT directly. sila naman ngayon ang ma-stress. heheheh....
More power banker!!!
ReplyDeletehi banker, I hope you can reply to this.
ReplyDeleteI received a letter from a certain Atty Ronald javier from Las Pinas represnting Heryol Collection Management. It's not actually a letter but a purported civil case document filed with the MTC in Las Pinas. It has a received stamp on top but it's not signed and the stamp bears no date.
Further, at the bottom of the document is the attorney's signature and office office address. I'm not an expert but I think this is not official. Can this be grounds for harrassment?
Another thing, my credit limit with Diners was 75 k but I didn't cosume all of it, though I haven't paid since 2005 since I lost my job. Now they're askingme to pay in excess of P1 million inclusive of all penalties, interests and charges. Can they do that? Can they charge me that much?
by the way, no civil case number indicated too. it's blank.
ReplyDeletemr m,
ReplyDeletego check six card experience reposted under " Am I Civilly or Criminally Liable?"
do post again.
Hi banker, patulong naman sa prob ko sa credit card sa pinas ...isa po akong OFW ngayon yung collection agency palaging tumatawag dun sa bahay namin follow up ng payment.Since di ko naman tatakbuhan yung utang ko sa bdo credit card pinabigay ko sa mama ko yung internation tel number ko...di ko alam pati yung address ng opisina ko naibigay ng parents kaya ngayon naabala na ako kasi nagpadala na sila ng demand notice dito plus oras oras tumatawag na sa office during office hours pinagbabawal pa dito sa opisina namin yung personal calls. Nag-email ko ako sa kanila na magbabayad po ako kada buwan hanggang matapos yung utang ko ...ngayon po nag-email naman sila nanakot sa akin na ready na po yung deman letter nila para sa DFA para daw madeport ako kung di ako magbayad nang full amount...ano po yung gagawin ko natatakot na ako...pati madaling araw tumatawag pa sila di na ako masyadong nakatulog at nagte-text ng kahit anong pananakot na madedeport daw ako...
ReplyDeletePlease patulong naman ano yung gagawin ko ...yung utang ko po less than 30k including interst and penalty at nagpledge na ako sa kanila na simula dis month end padala na ako ng bayad.
yung binasa ko po yung mag blog sa blodsite mo balak ko na po talaga na mag padala ng email na harassment sa collecting agency nato...
yung di ba pagbayad ng credit card ground na po ba yung para madeport ka? pwede ba sila na makapagpadala ng letter adress to phil embassy dito sa middle east country na idedeport ka? i need your brilliant advice Mr. Banker....pagmagfile ako ng harassment complain ano-ano pong govt agency na papadalhan ko ..pwede ko po bang isali yung PRC dahil Law Firm Agency kasi tong nang haharass sa akin...
Thanks in advance.
anonymous ( any other ID?)
ReplyDeleteWHEW! puede ka na pala i-deport pag may utang ka? kung yung may criminal cases nga hinde ma-dedeport utang pa kaya? hehehe....
iba ang batas dyan.iba dito. does not apply. if you violated the laws THERE, then, maybe, madedeport ka (i.e. illegal ka ba dyan?)
DONT BELIEVE EVERYTHING THEY SAY.
1. get their names;
2. their agency
3. the bank they represent
AND FIGHT BACK!
how? file a complaint to:
a) ELVIRA E. DITCHING-LORICO
Acting Deputy Director and Head
Financial Consumer Affairs Group
Central Supervisory Support sub
sector
Bangko Sentral ng Pilipinas
Mabini, Manila
e-mail :consumeraffairs@gov.ph
CC: Nestor V. Tan/President-BDO
b)Alicia A. Risos-Vidal
National Director for Bar
Discipline
IBP Building
No.15 Julia Vargas Avenue,
Ortigas Center, Pasig City,
Philippines
( to tell them to DISCIPLINE
THEIR COLLECTORS)
Atty. Cristina M. Layusa.
Bar Confidant
Office of the Bar Confidant
New Supreme Court Building
Annex
Padre Faura St., Ermita,
1000 Manila.
Telephone (02) 526-8122
Public Information Office
Telephone (02) 5225090 to 94
Telefax (02) 526-8129
Email pio@supremecourt.gov.ph
w h e w ! dami din pala kakampi!
hello.. i have a credit card problem. they are actually bugging me to pay and they are also bombarding me with texts and calls saying that they will take this case already to their litigation office.
ReplyDeletewhat happened was, i reached my maximum credit limit of 30k (30K lang naman. hehe) and failed to pay it for 2 months, i think. last payday, i paid them 10K.. this just means that my credit is now 20K and it is within my credit limit.
what they are doing right now is they are trying to force me again to pay the whole amount. the collection officer texted me that I should pay the whole amount today (the same day they sent me the text message). so how the hell will i get this amount of money today?! it's not even payday. and even if it's payday.. i could only pay them at least 5K.
sigh... i dont know what am i gonna do to them. they are actually calling my house and my parents dont even know that i have a credit card.
my only concern is, are they going to file a case against me right this very momment?
abibi,
ReplyDeletelook at the picture again and read. better still, go to "Paranoia Sypnosis and Prescription" chapters.
If you are still not satisfied, do e-mail me. would be much willing to clarify your fears.
meron po akong 2 hsbc credit cards maste & visa. since may 2008 i failed to pay til now. but before that i borrowed money from 5/6 just to pay at least the minimum amount of those 2 cards. pero nung magbyad ako pinipilit ako magbyad ulit after a week kong magbayad at least 3thou each card. dun ako nabwisit kc ipinangutang ko n nga lang po sa 5/6 yung ipinambyad ko sa kanila tpos pinagbabayad n2man nila ako.
ReplyDeletesince then diko na tlaga binayaran hanggang maiforward sa collecting agency.
tinatanong skin pangalan ng manager ng company at ng supervisor ko pra s knila nlng dw sila mkikipag-usap regarding sa utang ko s kanila. pwede po b nilang ibawas automatically sa sweldo ko ang part ng utang ko sa kanila?
i'm still employed but i have 3 kids pero dko na tlaga kayang byaran utang q sa kanila, what shall i do?
thank you po.
anonymous,
ReplyDeleteplease get an ID...
REFER to Rule No. 4 for diskarte.
you have other better things to do in life.
pwede po ba akong magrequest ng soa sa lahat ng credit cards ko para maiclose ko na po,para wag na dumating yung point na hindi na rin ako makabayad,gusto ko na kasing makawala sa utang,actually po hindi ko na po ginagamit ang mga credit cards ko at nagbabayad na lang po ako ng minimum.kaya lang baka dumating yun time na hindi ko na rin mabayaran dahil sa hirap ng buhay,is it ok if i ask soa to all my credit cards and may be find out later na pd naman palang wag ng bayaran lahat dahil bayad na pala sa laki ng interest nila.thanks.pls give an advise,
ReplyDeleteHi banker! Hindi ko pa mabayaran sa ngayon ang cc debt ko kasi po wala pa akong trabaho. Meron pumuntang mga tao sa bahay. They delivered yung parang sulat galing daw sa Law office tapos ayaw pa ngang ibigay hanggang wala akong received signature at contact no. Tinako pa ako na magsasampa sila ng kaso. Tinawagan ko yung cc company Sinabi ko naman po sa collections na willing kong bayaran ang utang ko kailangan ko lang ng panahon of months. Sinabi naman nila kailangan ko daw bayaran PhXXXX.XX(discounted na) before the month of october..Kahit na discounted hindi ko pa rin kaya. Sinabi ko na lang na i will try. Ngayon tawag ng tawag yung mga collector mula sa Law office kuno bayaran ko daw this week. Ngayon hindi ko na sinasagot tawag nila. Tama po ba na wag sagutin yung mga tawag nila? kasi hindi naman sila nakikinig. Ano gagawin ko sa situation ko. Please advise. Thank you.
ReplyDeleteMaja,
ReplyDeletejust tell them you cannot pay.
if they reply "we will file a case"
say the magic words - sue me.
Ako nga cards ko walo diko lahat binayaran.. REASON? wala ako pambayad e, wait nila ako manalo sa LOTTO!
ReplyDeleteQUESTION: e bat ka kumuha ng CARD?
ME: e inabutan ako ng Flyer ng agent e tapos sabi ITR lang tapos ID.
Guys you wont believe, ganto pala yan..may friends ako collector agent..i ask them about the collectionskung pano pag process and pano nila ginagawa.. this is really funny, minsan daw nag pre-pretend pa daw sila na lawyer judge ETC sa phone or personal. ang reason pala bakit sila gaano ka eager mangolekta is may quota sila at kaylingan meron sila report everyday.. kaya guys just think that they are just doing their JOB (LOL
-SCAMMER
Hi Banker,
ReplyDeleteJust want to ask if you could help me on how we can contact Citibank, HSBC and Metrobank kac yung ate ko sobrang takot gusto bayadan ang mga utang nya pero without the charges and talk to them to settle the amount in installment basis.. Kac we've been paying them for almost a year and laging minimum lang nababayadan namin di nman nababawasan yung principal at the end of the installment plan. Please guuide us on how are we gonna settle our debts to those company. Many Thanks. PS: I am an avid reader here cause I myself has a problem wiht my own CC and after reading your blogs I was releive and nevermind my debts from my CC and face them when I am able to do so.
- Psych
please email the info at bigbros_eyes@yahoo.com
Your Help would be much appreciated. God Bless!
to psych:
ReplyDeletethese bank have their customer service email addresses. however, kung hinde pa defaulted ang mga card, you will have to enroll to their installment programs but in those programs, they add certain add-on interests like for example for my HSBC, enrolled ako sa pay easy program nila, mataas ang charge (3.25%). Hinde ko pa kasi alam ang blogs ni banker that time. kung defaulted na, these banks might entertain you anymore since nasa Collection agency na but you can still try. Pag ganun ang case, mag ipon na lang muna kayo then pay na lang later. NEVER DEAL WITH A COLLECTION AGENCY and NEVER DO WHAT THEY SAY kasi baka masayang lang ang perang ibabayad mo sa kanila. Feel free to inquire here. Hinde kayo nag-iisa.
This is my situation. I have an outstanding balance of P22k on my HSBC card. HSBC called me up and offered to "transfer" the outstanding balance to the payeasy program. I was stupid enough not to realize that there will always be a catch to this. My debt ballooned to P38k and I am now tied to pay this for four years. Even if I pay in excess of the minimum amount due, the principal amount does not get reduced. Is this legal? From what I know, payments exceeeding interest should automatically go to the principal amount. In this case, kahit magbayad ako in times that I have money ng P5k a month, my debt stays at 38k. Of course, my SOA does not show this. It just simple states:
ReplyDeleteOutstanding Balance Converted: P22k
No. of Months to Pay: 48
Monthly effective int. rate: 3.25%
Monthly payment amount: 700/mo-yr1
1k/mo-yr2-4
Imagine,from 22k my debt jumped to 38k and there's nothing I can do to reduce the principal amount. Again, is this legal?
anonymous,
ReplyDeletewe require a code name here,
it is legal but immoral.
you have agreed to it , maybe yu can write them to request for restructuring and to follow your terms, pero i doubt if they will listen to you. your next option is follow banker's advise in this post.
TO ANONYMOUS: nick name pls.
ReplyDeletei have an account in payeasy of hsbc, hinde ko pa kasi alam ang blog site na ito last year. oo mataas ang terms nila nasa 3.5% ang monthly addon nila. But what im planning to do right now is to continue paying until i know that i have paid the principal. after nun, bye bye na. kasi bayad na ako.
hi banker good day...yong collection agency kase ng hSBC threatening me na ipapabarangay daw ako for backround investigation
ReplyDeletekase I only pay Php250 a month kase yan lang kaya ko sabi ng CA hindi na raw inaaccept yong amount na yon ng HSBC kaya gusto nila na ipabaranggay ako for investigation daw.ano po ba pwed ko gawin?sana po matulumgan nyo ako.Salamat po ng marami.Mrs.Stress
STOP PAYING.
ReplyDeleteayaw ni kolektor ng P250.00 kasi kulang pambayad sa ilaw at tubig niya!
tell him - go ahead.
Barangay has nothing do to per Adm. Cir. 14-93 issued by the Supreme Court.
another legal ek-ek w/c you should never believe.
to mrs. stress.
ReplyDeleteoo nga. kahit panload not enough yun for mr. collector. tell them go ahead, but if i were you, print ko yung cricular na sinabi ni banker then pakita ko sa barangay kung talagang darating sila. mga barangay officials ang panakot nitong mga kolektors na to nowadays.
thank u very much Mr. banker & dragon76 for the advice...san ko pala pwedeng makita ung circular para maprint ko.tnx again
ReplyDeletewhy is it that the display on this blog site is up to July 15, 2009 only...any thing beyond that?
ReplyDeleteI am interested because I am now receiving a lot of calls and of course as what has been said here the same experience I am going through.
I would like to be updated...
1. type www.failuretopaycreditcard.blogspot.com
ReplyDeleteor
2. type in the search blog your search word
or
3. e-mail us at diskarte@live.com
chucky,
ReplyDeleteJuly 15, 2009 was the latest comment for this topic post only. banker has latest post in the main/home of this blog. here is the link.
http://failuretopaycreditcard.blogspot.com/
other topic posts have comments and the date varies.
i'm an HSBC cardholder... medyo lumulobo na talaga yung outstanding balance ko and am trying to finds ways na i settle na lng pero paying in ful is not an option talaga.... they have this easy pay program that they are offering me.... i just would like to ask kng ok ba ang program na to? will these help in reducing my outstanding balance?
ReplyDeletemaverick:
ReplyDeletedefaulted na ang hsbc ko kailan lang agn it's now being handled by molaer. enrolled ako sa pay easy program nila and i was able to pay it for one year. ang laki lang talaga ng interest nila, nasa 3.5% per month ang add-on nila tapos ma-late ka lang ng isang araw sa payment, late payment fee kaagad ng 600.00. i stopped paying them na.
Good day, good banker and the rest of diskarte team. Gusto ko lang po sanang humingi ng advice. Naterminate kasi ako sa work ko,kung saan ako nag avail ng cc from hsbc. So ilang months na akong hindi nakakabayad sa kanila. Last dec,nakareceive ako ng demand leter from atty ek-ek,umb0t na sa 33k ung utang ko.tap0s un,ra8489 b un,kakaso daw sa akin.kanina,january 16 may pumuntang msenger sa amin,may leter na namang ibibigay,ako mismo ung nakausap,sinabi ko,nag out of country na ung ta0ng hinahanap nyo. Tama ba ung ginawa ko? Or madedemanda ako,once malaman nila na niloko ko sila,like pag pinagtan0ng ako sa mga kapitbahay kong mga walang pakisama? Thanks po and m0re power!
ReplyDeleteHi there! by the way this is grace from cebu. Im one of people na hindi nakakabayad ng cc hindi kasi ayaw ko magbayad dahil i shoulder all financial needs not just to my family but also to my extended family. I just want to know what should i do because collections agency are starting to harrass me thru phne at my office and also to my cellphone. they really want me to pay everything pero out of budget na kasi ako in my our daily needs. Ano po yung gawawin ko. Kailangan po ba akong matakot sa kanila na they can put me in jailed in the future?
ReplyDeletegrace...
grace,
ReplyDeletejust ignore them, they cannot put you to jail for non payment of debt.
read further the posts of banker.
dear mr. banker,
ReplyDeletei really have sleepness nights... andmi ko kasing CC, before nakkabyad ako ng maayos pero last october, 2009 nagsimula ako di makabayad.. paunti-unti sa lahat ng CC ko. andun mag-loan ako sa SSS, pag-ibig para lang makabayad ako.. sa HSBC magbayad ako ng 10thousand, tapos after weeks lang, tumatawag sila to settle my current dues.. merun din ako metrobank kung saan, naga-ask ako sa knila ng conversion payment wherein pwede ko mgbyad ng monthly na kaya ko lang..
ayaw nila pumayag, sabi i have to settle 7thou para maayos ung gusto ko ng my monthly since past due ang account ko.
mung di ako nakabayad, merun tumawag sa kin from ENZI corporation for my metrobak CC, sabi magbayad daw ako ng 7thou para ma-convert ung utang ko.
nagpadala sila s email ko ng proposal for me to sign anf email back to them. di ako nag-agree instead tinext ko ung tumawag sa kin saying di ko kaya installment nila n 3500 each month..
last january, panay ang txt sa kin, feeling ko my nervous breakdown na ko. kaya nung march, 2010 ngbayad ako ng 7thou
after a week lang merun ulit tumatawg sa kin ibng collection agency ng metro, pngbbyad ulit ako, sbi ko kbbyad ko lang, ibng agency n da sila..
marami ko problema financially dahl my anak pa kong maliit
kaya di ko yun bnyaran
just recently, merun ulit tumawag sa kin cnsbi na di ko daw ba lam mga consequenses. magbblacklisted daw ako sa ccmi ba un?
isa pa po, nag-enroll po ako for an amnesty sa citibank, tapos naka-one year po ako nakabayad, kahit po naddelay ako magbayad, still nagbbayd po ako.
last week po tinawagan ako, dhil merun daw akong backlog n 2months.
sabi ko wala talaga ko magawang paraan dahil my sakit ung anak ko
she said endorsed n daw nya ung account ko sa legal dept. nila
sabi ko, "ok lang po, wala na po talaga ko magawang paraan."
tapos po tinakot poako n kakasuhan daw po ako ng BREACH OF CONTRACT since i signed an agreement which is the amnesty program. sa takot ko po, pingutang ko po un. ask lng po, talaga po bang pwde akong ksuhan ng breach of contract? at anu po ba ang magging consequences nun.. to tell u honestly po, naubos po ako sa kabbyad sa CC tapos sa legal din po bagsak ng lahat.. please, help me po... tnx po
nakalimutan ko po, merun din ako narreceive na demand letter from Domingo and Molaer law office for my bankard, whrein i pay 3500 last march din po.. tapos pinappirma nila ako sa agreement. sabi ko email nila sa kin, ayaw po nila dahil my pirma daw ng attorney. pumunta po sila sa ofis aty sa bahay. sa ofis po nagppanggap po akong ofismate ko
ReplyDeletetapos po di ako nagbayd this april, dahil wala po talaga akong pera..
merun sila cnasbi na ok lang daw di ko bayaran utang ko, dahil kkitain daw nila un, tapos po ako daw po ang magkkagastos dahil kukuha daw ako ng lawyer, alam nyo po natatako ako, kasi sa ofice cla lagi tumatawag.. ang masakit po nagbayd nga po ako ng 3500 nung march, eto po at my pinadala sa kin na demand letter. na kakasuhan ako ng civil case at criminal case.
nabaon po ako sa utang kabbayd sa knila.. lagi ko pong sinsabi sa lahat ng mga nkkausap ko nA, KUNG TITINGNAN NYO UNG RECORDS KO, I WAS ONCE A GOOD PAYER,NAGAKATAON LANG NA WALA NA KO MAGAWANG PARAAN NGYON.
dear banker...
ReplyDeleteang knakatakot ko lang po eh ung sinasabi na kakasuhan ako ng breach of contract since i enter into an amnesty program where i signed my name.. plus a restructuring program at BDO which i also failed to pay for my AMEX card.. same is already at the law office... please help po... gingaw ko po ang lahat ng paraan para makabayad sa knila pero wala n po ako mahanp ngayon dahil po ang dami ko ng utang sa tao maibayad lang sa knila... please help po.
minsan nga po out of reason na sila, kahit sabihin ko na may sakit ang anak ko, at putol kuryente namin, still panapagawan nila ng paraan, sa takot ko naman, imbes n igastos ko sa pmilya ko ang naiutang ko, ibinabayad ko p sa knila. so please banker enlighten me para di n ko mabuhay sa takot. salamt po ulit
dear banker
ReplyDeletei entered myself into an amnesty program with citibank. sabi niala kkasuhan nila ko ng breah of contract. mkkasuhan nga po ba ko? i been paying them for a year now, kaso po hirap po ako ngyon, kaya di nakkabyad ng 2months.. please help me po..
sleepless nyts...
di na po ako nakkatulog. merun p po pumunta sa ofis namin, minsan po ako ang lumabas at ngpannggap ng lang n ibang tao, dhil merun sa kin pinapirmahan n agreement ang domingo and molaer law office. kapag po ba nasa lwa office na yung account ko sa CC at na-harrass po ako, pwede po ba ko tumawag sa CC company n concern?
ReplyDeletethanks po at sana po ma-enlighten myo po ako
merun din po ako ofismate n di nagbbayd ng card at nanghhinayan cya sa laki ng naibbyad ko buwan kahit alam ko na para n un sa pmilya ko., di ko n tuloy matugunan ang panngailangan ng mga anak ko kaht my sakit dahil sa kanila CC nappunta tapos puro demand letters pa pnpadala nila.. makkasuahn po ba ko ng BREACH OF CONTRACT SA AMNESTY PROGRAM NG CITIBANK dahil puimrma daw po ako sa agreement nila?
kaht sinabi ko po ng ang nakalagy sa contract eh pag d ako nakabayad eh nbabalik sa 3.5% ang bayarin ko plus 6% charges... but then hety insist n kakasuhan nila ko ng breach of conytract. sa takot ko tuloy panggamot na lang ng anak ko bnayad ko pa sa knila..
please banker, help me.
naubos n pati investments ko dahil sa card at pti kaming mag-asawa naggkproblema na dahil mas nauuna ko pang gawan ng solusyon ang CC ko at wla ng magwa para sa fmily ko..
thnks po ulit and more power...
STOP PAYING.
ReplyDeletecheck mo " The Court Is My Friend"
Banker,
ReplyDeleteAko din po pag nanakuha na po ako ng Statement of Account from the bank, k lang po ba, ask ako help from you to understand it. And make a proposal...
Thanks po.
Ms. Problematic,
ReplyDeleteno probs.
*-*
need help...panu ung sa postpaid lines.?panu pag hnd na nabayaran un? mgakakaroon ba ako ng kso? mkakapagtrabho pa ako abroad? kung may utang sa postpaid lines t credit card?
ReplyDeletegusto ko lng po malaman kung pede pa po ako magtrabaho abroad if may utang sa credit card and postpaid line...thank you
ReplyDeleteeyesheild,
ReplyDeletepwdeng pwede ka pa mag work abroad
really ms.hopeful? hindi ba ako magkakaproblem pag kumuha ako ng nbi? tnx ms.hopeful
ReplyDeleteeyeshield,
ReplyDeleteyes, tutoo, balik ka dito if magkaproblema.
Hi Banker,
ReplyDeletePls read my mail re: harrasment of certain Atty Zialcita. Pls help us advise on how to deal with him.
thanks
Hi Ms. hopeful, Pls keep our names private. wag nio na po ipost. Im using a different email account.
ReplyDeleteThanks
Daisy,
ReplyDeleteI already replied thru e-mail. but for the sake of others :
dare his bluff - go ahead, sue me.
btw, hinde po siya si atty. zialcita.
isang lang po siyang swindler na collector.(manloloko)
daisy,
ReplyDeletedo not have your private names, i do not know what are you referring to?
email me.
Hi Banker,
ReplyDeleteI had a credit card back in Dubai but wasn't able to pay because I went back here in the Philippines for the reason that I've had a serious condition when I got pregnant. I'm thinking paying said card but I don't have enough money now for I'm the only one supporting my baby & families needs. I wanted to apply in Dubai again but I'm afraid that they charge case against me & issue a travel ban that will put me to jail in Dubai. 5 months ago, I received email from them & asking me to pay certain amount, according to them, if I did not comply to what they saying, they will charge case against me here in the Philippines, they will issue a ban in a certain agencies like DFA, NBI etc. I'm really afraid that I might go to jail when I go to NBI to get clearance. But I am very much willing to pay them as soon as I get a job.
hi banker! I have a problem justlike the other. I have so may cc including 2 at HSBC which at this point in time I can't paid it anymore bcoz I lost my job. Ngaun nakahanap n ako ng work at ang kanilang bangko for payroll is HSBC. My question is mahold b nila ang processing ng ATM ko? Pwede b nilang kunin ang sweldo ko true check or atm para ipambayad s debt ko? please enlighten me.
ReplyDeletelalaine
Hi there banker good day!
ReplyDeleteI had a credit card back in Dubai & I wasn't able to pay it because I went back home here in the Philippines for the reason that I suffered from a serious condition when I got pregnant. I wanted to go back in Dubai to work & as well as to my card but I'm afraid that they issue a travel ban. I am thinking of paying the said card but I don't have enough money for I'm the only one to support my baby & family's needs, I am actually a single mom after my son's birth. 5 months ago I received email from a certain law firm here in our country saying that I need to pay certain amount & asked me to deposit said amount to certain bank & of I did not comply to them, they will charge against me & actually according to them they already filed case against me, they even give me the case #, besides, they will issue a ban against me in a certain agencies such as DFA, NBI, etc. wherein I cannot get clearances from those said agencies. Now, I am applying abroad & need to get NBI cleance but afraid they might really file the case & worst I'm afraid that I might go into jail. Can you please give me an advise, I really don't get enough sleep thinking about my situation. Can I still get NBI clearance without a case that will showed up to my records. Thank you in advance.
mary, the laws in dubai cannot be applied or enforced here... our recommendation here is just dont go back to dubai to work...
ReplyDeleteignore mo na lang yung text ng collector... di nya alam pinagsasasabi nya.
the answer is NO
ReplyDeletehinde subject to garnishment ang salary
NBI is a repository of criminal records in our country.
ReplyDeleteno probs.
To Banker & Cool Dude,
ReplyDeleteThank you so much, at least now mkkatulog n q ng di ganong ng-iisip. GODbless you both & more power.
Mary & KCG
Greetings!
ReplyDeleteI have the same situation as Mary. I too had to leave Dubai with a huge amount of Debt, cc and loans. But i had no choice because I got pregnant, and if youre not married and pregnant in the UAE, you will go to jail. So i had no choice. Now, some lawfirm called me, thing is i denied i was the one they were looking for, and now ive changed my add and landline, so they really cant contact me anymore. But Im scared that they will go through great lengths to find me. Times are hard and I too am a single mom, Im scared that they will file a case against me and in case i travel, i'll get a 'hold departure'. Its hard to pay now because i have a lot of expenses. Should I be worried that they will hunt me down?
Leah:
ReplyDeletethey will hunt you for sure kasi guusto ka nilang perahan. wag ka lang babalik ng dubai and you 'll be safe. Mga collectors dito, harasments ang dala ng mga yan. read more to learn how to handle them.
Thanks for your response!
ReplyDeleteI have no intention to go back to Dubai. I need to stay here in the P.I to take care of my baby. Kaso panu naman nila ako mahahanap if wala na ako sa dating address ko? and since nag recession ang daming tao umuwi from the middle east na may utang. My concern lang here is, wala naman jurisdiction ang laws ng middle east sa Pinas diba?
Good Day Banker! Sobrang helpful talga ng blog na to! i love it! Here's my situation po, may 4 po akong cc, ung 1 nacancel na kasi di na nabayaran ng mother ko >ginawa ko po syang extension at di nya na po nabayaran<. to avoid happening this again, i decided to contact customer service ng credit card na ayaw ko na pong i-keep. tinanong ko po sila kung pwede ko ng icancel, sabi po nila kelangan daw pong bayaran muna in full bago macancel. Im jobless right now and I really dont know until when. Mininum na lang ang nababayaran ko at ayoko na dumating ung time na di na ako makapagbayad. Kelangan po ba talaga dumating pa ung time na di ako makapagbayad for several months bago ako makahingi ng amnesty?
ReplyDeleteAnother concern po, may loan na nakapangalan sa akin sa Citifincial >Mother ko po ung gumamit ng money, ang arrangement namin sya po ung magbabayad< unfortunately, di po nya nabayaran since last nov >march 2010 ang last month of payment 3k+/month< sa totoo lang banker, sanay na ako na may natawag samin from their company na naniningil kasi nirenew lang namin ung dati naming loan. last april may tumawag samin informing about their promo, ung utang daw namin na umabot na sa 30k+ >after 5 months of non payment< pag nagbayad daw kami ng 10k bayad na lahat. Unfortunately 2k lang nabayaran ng mother ko, sabi nila mababalewala na raw ung binayad namin at babalik sa 30k ung utang namin. Sabi ng mother ko ok lang since wala naman talga kaming mapoproduce na pera para bayaran ung 8k, sinabihan pa namin sila na babayaran na lang ung 30k pero in installment basis. Tapos last May, may tumatawag samin na at first nagpakilala pa sya na sya si Cathy from Citifinancial,tapos lately, Cathy na lang ung pakilala nya so alam namin na tagaCitifinancial sya since she's still using the same name. Pag hinahanap nya kasi ako, ung mother ko ung kumakausap asking if she has a message for me. Never akong kumausap ng mga tagasingil, parati ang mother ko since sya ung may alam kung ano na ung status ng account at details ng pagbabayad. Gusto ko lang malaman kung pwede ba kaming magfile ng complain esp legally kasi sobwang foul na ung way ng paniningil nya. binabagsakan nya ng phone ung taong nakasagot ng tawag nya pag di nya ako makakausap at pag tinatanong kung ano ung message nya. Pinapalabas nya pa na sinungaling ung kausap nya pag sinasabing wala ako sa bahay >na madalas mangyari since naghahanap ako ng mapagkakakitaan<, tapos kanina >saturday-pwede po ba sila magtawag during weekends po pala?< sinabihan nya pa ung mother ko na mamatay man daw ung pamilya namin, kung di raw totoo na wala ako sa bahay. Napaka unprofessional! Grabe silang mangharass! Ininform naman sila na magreresume ng Aug ang pagbabayad tapos kung maningil sila parang di taong nakapag aral ung kausap nila. nakakapikon! naiintindihan naman po namin na trabaho nila un pero sana inde namang ganung kagarapal na bastos. Ano po ang pwede naming gawin sa kanila? Minsan nga po naiisip ko ng sabihan ung nanay ko na wag ng bayaran ung utang nya sa pambabastos na natatanggap namin ng dahil sa paniningil. Salamat po..
STOP PAYING.
ReplyDeletethe collectors feed on your fear of getting sued.
dare their bluff - go ahead, sue me!
they won't ; they dont ; they can't.
Di po ba ako mahihirapang mag loan sa ibang company pag di ko na binayaran ung loan ko sa citifinancial? pwede po ba ako magfile ng complain sa way ng paniningil nila? salamat po uli
ReplyDeleteHi Mr. Banker! May I please have your email address? I need to ask you opinion on my CC case.
ReplyDeleteMy email add is avinerin@yahoo.com
thanks,
malka
Mr. Banker, I did the first step that you suggested. I asked DML office to provide me the SOA. Wala parin until now and they are still sending me demand letters. Hay... I already told them nagpadala na naman sila ng sulat, eh yung hinihingi kong SOA which is suppose to be last week daw nila ipapadala, wala parin. Pumupunta na kasi yung collector sa bahay ko mismo eh. Nananakot pa na madadamay daw asawa ko sa kaso. Hay... Nakaka paranoid talaga.
ReplyDeleteMy 2 credit cards are more than 5 months deliquent but still paying monthly less than their increasing minimum required. I still receive the ballooning monthly billing statements, and collector agent keep on offering me amnesty? Is it ok to signed their amnesty? Should I ask for SOA instead of accepting their amnesty?
ReplyDeletesee? they cannot even show you that you owe them! Will you pay MERALCO ?
ReplyDeletedare their bluff - let's see in court if you really have an SOA.
home visits? back read " Bawal Pumasok" - if they have no SOA, the more they have no authority from the bank.
p.s.
maraming modus ngayon ang mga akyat bahay gang. call the police for suspicious persons.
don,
ReplyDeletehttp://failuretopaycreditcard.blogspot.com/2010/01/amnesty-fantasy.html
Hi Banker,
ReplyDeleteThis blog is heaven sent! I was very enlightened with the laws and our rights.
Anyway, here's my case:
I've been a good CC payer before I left for abroad. Since then, I was not able to pay on time all the monthly payments, in which all these CC accumulated so MUCH interest. Its been almost 1.5 years.
For the first 6 months, I tried to be a good payer but because of some financial problems I have a delinquent CC account. I tried to settle some of these them but calling and emailing the collectors and the CC company in order to finalize the settlement.
For settlement, I usually asked for a letter stating all the things we have agreed upon the telecom. But to no avail. Ganun yata talaga mga collectors! I begun to stop settling with these collectors. Kasi wala talagang nangyayari.
As usual, my family received a lot of letters from attorney daw, etc.; phone calls; text messages.
My only concern, I hope they will not come to our house that will cause my mom or dad to be in an unpleasant situation.
I really tried my best to settle these accounts but most of the phone conversation I have with these collectors are not promising kasi nga wala akong hinahawakang black & white letter regarding our agreement.
How can I settle these accounts?
Also, is these a way that I can ask the bank to stop these harassment?
Also, can they stop or hold my departure because I am planning a vacation?
Thanks.
Bea,
ReplyDeleteyou are right.
your only recourse, if you want to be sure, is to wait or dare them to take you to court - formal, legal and fair. otherwise, forget the debt, but not the lessons.
vacation? go ahead. its only a civil issue much like annulments.
Mr. Banker,
ReplyDeleteIsa pa pong question? What are the laws na nilalabag ng mga collectors? Like ung pagpunta sa bahay for asset checking.
Tapos, is there a way that I can stop them from bothering my family in the Philippines? Kasi may sakit parents ko. I don't want anything unpleasant na mangyari sa kanila.
I saw an article regarding validity letter from a lawyer? Ok po ba un?
What are the other means of settling these debts without going to the court? can I go directly to the bank?
Thanks again.
Hi Banker, kc pinadalhan ako ng final warning ng law office kc ung utang ko ay nun Nov. 2009 lng. Almost 50k ung utang ko sa bank kso hnd ko na nbyran kc kulang ung sahod ko. Anu po ba pwede ko gawin? Tawagan ung law office? Kc gusto ko sna derecho kaltas sa sahod ko ung utang ko kc nhihirapan ako mgbyad sa bank. Anu pwed ko gawin?
ReplyDeleteSalamat po!!
certified addict:
ReplyDeletefirst, never call them, lalo ka nilang tatakutin. next, if you can't pay, don't
dear banker this is Kim of manila...i have read several complaints against sa mga walang awang mga collectors... they are so rude! meron po akong naging utang na 20 thousand plus and then umabot po ng 3o thou plus becoz of interests... ngayon po ay nagkaron ng problem family namin especially in finacial matters and i wasn't able to pay my debts... so the collections gave me an agreement na pinakamababa na raw na interest ang ibibigay niya for me to pay it in 48 months. so nung tinotal ko umabot na ng 40 thousand plus ang babayaran ko becoz of the interest.. ang problem ko po ngayon ay di ko na kayang bayaran yung monthly na sinabi nila at naka isang taon na rin akong nagbabayad...so lagi akong tinatawagan ng collector na kapag di ko raw nabayaran yung monthly ko babalik raw sa regular na bill yung account ko... so ano po ba ang dapat kong gawin?
ReplyDelete@kim: if you cannot pay, stop paying.. prioritize your and your family's need first... its basic economics...
ReplyDeleteon as how to handle the CA, read, use and learn the diskartes.
sayang nga lang yung mga naihulog mo pero, that's life...
Hi banker! ask ko lang po ano po pinapapirmahan ng mga collector? kc kagagling lang po nila sa bahay as of today July 13, at alam nmn nila na sa opis ako mahahanap e sa bahay pa talaga cla nagpunta ,mother ko po ang andun and thier asking my mom to help me out of debt, at dahil sa wala din nmn po maitutulong ung mom ko hinde na nila napilit.my pinapirmahan daw po sa knya at hinde na po pinag kaabalahan basahin ng nanay ko. ano po kya un banker? tnx
ReplyDeletehi, banker!!! just wanna ask something. i have 4 cc & am not paying it na kc po am unemloyed right now, the collectors been bugging me to pay to avoid litigation. kaso i dont have the money to pay all of them. what to do????? HELP!!
ReplyDeletezeke,
ReplyDeletehttp://failuretopaycreditcard.blogspot.com/2009/04/court-is-my-friend.html
@zeke: why are you worried with the litigation now? have they filed a case? or are they threatening only? as discussed here, CAs cannot sue you, only the banks can. And it is not their priority anymore. what do you need to do now? nothing...ignore... if you show them that you are afraid of them, the more that they will harass you.. try to visit the forums for the diskartes.
ReplyDelete@kengkeng: a demand letter. ignore it, pure lies...
hi banker, need ur help, sbrang bastos tlga ng ibang collectors, i have to name one, atty. beato a.c. dela cruz, dnt know kung xa tlga un ngttxt or one of his staffs dun sa law office nya, grbe sila, i am willing to pay nmn pero parang nkkwalang gana dhl sa sbrnag pan haharass nila over the phone and text, nkareciv pko ng message from them last night, na wag ko na raw bayaran ang utang ko dhil d na nila tatanggapin, kesyo harapin ko na lang dw un mga ppnta sa bahay nmin, ksma nila brgy officials, etc., mnsan gs2 ko n sila sgutin sa text, pro nagpipigl lang ako,pwede bang taga bank na lang mismo ang kausapin ko kesa yun atty. na un? pero ppyag kya ang bank na sila ang kausapin ko kht nai-forward na nla un account ko sa law office? need ur help please...
ReplyDeletebanker.. i really need ur help
ReplyDeletewag aksayahin ang iyong pahanon sa mga extortionist.
ReplyDeletepress 'delete'
if you meet meet - dare their bluff:
gawin na ninyo ang dapat ninyo gawin.
ano pa iniintay ninyo?!
empty threats.
e banker, totoo po ba na magdadala ri sila ng mga barangay officials sa bahay? lht po halos ng messages nila dine delete ko na lang, pero wla silang tigil kakatwg sa bahay, ginuglo pa nila pati tatay ko, kung anu ano rn pinagsasabi sa fon, ano po dpt ko gwn, sino b dpt ko n kausapin? pwede po b kong dumeretso na sa bank? tatanggapin pa ba nila mga questions ko kht na-forward na nila account ko sa collection agency?
ReplyDeletekahit dalhin pa nila BUONG barangay sa inyo - walang pakialam ang barangay sa credit card disputes.
ReplyDeleteang gagawin lang naman whoever visits you is to give you a 1/4 shit of paper to "call atty. ek-ek, otherwise..."
tangapin lang, sabay tapon and smile!
tawag sa bahay? either let him talk to your table or simply tell him :
"according to our lawyer, sa court na lang daw natin pag-usapan ito"
then, DONT LISTEN anymore to whatever he says about legal ek-ek.
as long as they know na takot ka sa kanila, they will try even harder in order to milk you.
join us in the Diskarte Forum and Yahoo Group, links are found at the bottom of the blog.
from mcf
ReplyDeleteBanker,
I'm been using this Metrobank cc for almost 3 years and just recently hindi ko na sya kayang bayaran, so naging delinquent na. I have plan of paying this but not now, maybe years from now coz of unavoidable circumstances. Wala pa naman harrassment so far, What would I do? Wait ko na lang muna ang demand letter nila or today pa lang makipag-usap na me sa kanila for the amnesty if they have? Or just wait for the letter.
thanks & god bless
hi banker, grbe dko npo tlg lam ggwin ko, tmwg uli un CA sa hse nmin, tpos ngpnt din un iba nilang tao, tpos sinasamap rw ang tatay ko, pati xa nadadamay, e ayoko n nga sbhin s knya un tungkol d2. ano npo ggwin ko, if ever po b pwede nyo po ko tulungan, ayoko npo kc tlga mkipag usap s knla, ang babastos din, maxado sila mang harass.. pls help po.. thanks.. nag text din po ko s ainyo, pro dpo kyo nkpgreply eh.. :(
ReplyDeletecollectors will tell you lies;
ReplyDeletecollectors will blackmail you;
in order to collect.
dare their bluff - go ahead, sue me.
dont believe whatever they say.
btw,
i dont have pending unreplied SMS.
i dont understand text speak either.
heheheh....
sassy, can you re-type the question without using text speak? kumpleto naman siguro ang mga characters sa keyboard mo sa computer eh no? medyo nahihirapan lang kami intindihin...
ReplyDeletethanks.
Banker,
ReplyDelete2 months na kasi me hindi nakakabayad sa CC ko. Hindi ko na kasi talaga kaya bayaran, but I have plan of paying it hindi pa naman sa ngayon.May property kasi me na nakapangalan sa akin, makukuha ba nila iyon, kung sakaling hindi na me kabayad?
mr banker pano naman yung kaso ko? sa dubai ko ginamit ung credit card ko provided by local bank of dubai,ipinasa nila sa isang law firm dito sa pinas kasi andito n ko sa pinas, they are trying to harass my former land lady because that was the address that i gave them when i was working in dubai, it is also the same address where my family were staying,my former landlady called me up that there is a certain person came into there house telling that they are representative of bank from dubai, i don't have any SOA, but my former landlady told me that there are some documents that he refused to received (maybe its the SOA), they gave phone numbers requesting my lndlady to give unto me, what do you think? should i call the said number or i just ignore it since i don't stay there anymore? pls help me
ReplyDeleteworied,
ReplyDeleteread mo dito sa
http://failuretopaycreditcard.blogspot.com/2010/08/dubai-debts.html
http://failuretopaycreditcard.blogspot.com/2010/08/dubai-debts.html
ReplyDeletetangapin lang, sabay tapon.
ms woried,
ReplyDeletedo not call, just ignore it
Hi Banker! If i were to ask a SOA, should it be from the collector or the bank? i think they are hiring some legal agencies to collect. Thanks and God bless!
ReplyDeletehi sir banker. recently, we were informed by our employer that our salaries will now be with HSBC. I have two credit cards na hindi po nasettle with this bank. Madedeny po ba ang payroll account ko? and in case, ihohold po ba nila ang salary ko?it's been more than six months since di po ako makapagbayad sa kanila. madidivulge din po ba nila ito sa employer ko to demand payment? maraming maraming salamat po.
ReplyDeleteXtian: you do not have any choice except to:
ReplyDelete- ask for your employer that your salary be paid in cash or;
- withdraw kaagad pag na credit
although we have not heard of HSBC doing as such, better to be safe than sorry...
imho, metrobank deducts salaries of their defaulted card clients... although bawal, madami pang proseso para mabawi.
imeldific....
ReplyDeleteHi banker... I was so thankful that i found this blog... Regarding my HSBC card, last year an agent called and told me to pay my outstanding balance amounting to 24k, but he said to me that there is a discounted amount that could be offered to me, amounting to 10k. I made a loan to our comapny just to pay that amount, but I made it in 2 payments, 5k and another 5k. He promised me to give a certificate of full payment on that. But time passed by, i have not recieve any confirmation from that agent. After 5 months they called me up with another agent, asking for my payment. I told him that I made a payment last year, but I never recieve any certificates. I forgot to get his name, and told me that "naloko daw ako ng agent na yun, marami na raw complaints na ganun". Afetr that call, i recieved a txt msg, that I have to pay my account or if not they will go to our barangay with the attorney. Please help me with this, advise me what will i have to do. Thank you very muc...
tama na minsan ka niloko.
ReplyDeletetell them to go ahead and sue you.
wag ka na pakolo uli ha?
hi banker,,,
ReplyDeleteganda nmn nito..,
salamat sa tulong..
ask rin po ko ng advice...
>>>
>>> nasa ibang bansa ako ngayon, may naiwan akong mga utang sa creditcard,,, maraming tumatawag sa bahay namin nag sasabi ng
1> may record daw ako sa NBI
2> di ko marerenew anf PRC license
ko dahil ipapahold ng banko
3> kung di daw ako makakabayad,
kukunin daw nga banko ang mga
gamit na pwedeng makuha sa
bahay..
4> and worst ipapaharang daw nila
ako sa airport...natakot yung family ko na magbakasyon ako, dahil baka arestuhin ako sa airport.
5> gusto ko rin talaga umuwi para
isettle ung mga bills kaso nung
pina-inquire ko xa sa pinas,, sobrang laki nya na in 6mos, di ko
na xa maintindihan..
may roundtrip tiket n ko,worri ko lang kung magkakaproblemaba ko sa airport dahil sa credit card na yan,,,
tenk u :-)
helo po. Natatak0t at knkbhan n pu ako kasi ndi n pu nkakabyad tatay ko s cc at loan nia sa bANgko e d na pu xa capable dhl wala n pu w0rk ngresyn dahl tawag ng tawag s opis un banko. E may mga demand letter kami natatangGAP ngaun sb sa k0rte n daw pagusapa makukulong daw pu c papa pati daw pu mama ko. Kc may Republic act daw pu n kapag ndi pinansin ung mga pang0ng0lekta sa utang at s mga letters n pinapadala e makukulong daw pu naAawa pu ako sa magulang ko pls help pu. Pksg0t lng pu. Tnx pu.
ReplyDeletejoni,
ReplyDeleteplease retype again your query clearly so that we can answer clearly too.
hello banker,
ReplyDeletethis site is heaven sent for people like me going thru a very difficult time.
ive been browsing thru the posts here and ive found some similar scenarios but my concern is a bit more complicated. woulld you mind giving me your email address so i can explain more? i would be very grateful if you can.
thanks and best regards.
confused.egg@gmail.com
mr. banker can i have email address?.. i really need some advise badly.. this is regarding my HSBC credit card...
ReplyDeletethank u so much..
sandra P
ReplyDeleteyou can send us an email at diskarte@live.com you can also send me a text message at 09178261209
mr. banker.. here is my situation.. since 2007 na nawalan po ako ng work di ko na nameet ung minumum payment na hinihingi ng HSBC but since that time until now, di naman po ako huminto magbayad.. i see to it na nakakapagbayad ako kahit 500 pesos a month at lahat po ng proof of payment ko intact po.. i got a final demand letter from domingo and molaer na i need to pay 224,000 eh ang nagamit ko lang po sa card na yun ay less than 50,000..i called them and asked for arrangement.. bnigyan po nila ako ng malaking discount na ang babayaran ko na lang daw 22,500 but i need to settle it in two months.. sabi ko i cant kasi wala pa ako work.. i even told them to just give me until may be january of next year to fully settle it.. ayaw po nila pumayag so what i did nag email po ako sa BSP.. ung BSP po nag email naman po mismo sa HSBC kaya ung HSBC po tumawag sakin pero ganun din po di raw po mas mataas pa po ang gustong pa settle sakin.. 8k for 6 months starting october.. sabi ko naman sa ngayon ang kaya ko lang 500 then by november at least 1,000 pero ayaw po nila.. papano po ba ang gagawin ko.. i told them am not running away and am willing to pay naman po...please help me po..
ReplyDeleteThe situation is this; I have cc visa and mastercard from HSBC which I failed to pay since March. Last March, knowing that I won't be able to pay the due anymore, I called HSBC collection dept to request for payment arrangement and to let them know to cancel my account so it won't incur lots of charges. Then, it took them 3 months to get back with me offering what they called vice presidents discounts. I was amazed because it will really give you big discounts like paying almost half of what you have owe but I could not really afford it because during that time my cc debt turn to almost 100k for each card. Then, they turn over their collection to Anunuevo Law office who is now collecting my debts whose giving me sleepless nights and all those fears. One time they call me and offer me again the big discounts (almost half), and they were saying that it is only one time offer. And I expressed to them that I'm not getting away from my responsibility it's just that I don't have any means right now to pay what they have offered. Then, I said that I will try to look for money and they demanded 10k. So, I look for for the money and paid 5k for each since this is the first I got a call from a Law office and I got so scared about. Then, from then on i just pay like 1k for each card every month. But due to insufficient payment, they demanded again to have it paid and they came to a point where they call me telling that they'll be doing an ocular visit to our house to see what they can get from us.
ReplyDeleteMr. Banker, please advise me if this is the right thing to do and what else should i need to do. Just today I called Anunuevo law ofc, i talked to certain Christine Enriquez. I told her that I'll would want to avail the said discount just to close my mastercard cc. She based her discounts on my previous SOA which is a lot higher than my present SOA so I insisted her to base the discounts on my present SOA but she insisted same amount as before. I told her, what I have right now is 40k and i can pay now provided that she will then close my mastercard acct. but she keeps on insisting that she can't do anything about it because that's per bank instruction. Just to give you a clearer view, the first time they handle my account it was 135K and my present SOA now is 112k. What should I do now, is it okay to write a proposal letter telling them that I'm willing to pay 50k for each card provided that they will close it as soon as I pay them. I was thinking to go to their head ofc, with the money and the proposal letter. Will they going to entertain me or what do you think is the best thing to do.
Mr. Banker, I really need your advice as soon as possible, it's really affecting me so much.
Thank you so much,
ms monruedee,
ReplyDeletecheck this out
iskarteforum.niceboard.net/search.forum?mode=searchbox&search_keywords=hsbc&show_results=topics
This comment has been removed by the author.
ReplyDeleteHi.
ReplyDeleteI have a payeasy account from HSBC...my almost 50k balance (half of it were laready penalty, interest and other charges) were subjected to 3 years deferred payment (where interest is still high) ...
I've been paying for 6 months, i am demanding billing statement to update me on my due date and remaining balance but since my march request, none was granted...
I keep on requesting for it and they will only tell me to pay due first and investigate matters....
I told them this time I won't pay without it... but now they started charging me late charges...whereas i pay diligently except that no hardcopy of posted payment is given to me, that is why i am not paying the due this time...
to make it worse customer service won't talk to me re: this until settled....
should i pay for it or wait for my request to be granted...
I am already 3 months past due and the collector is threatening me to give a letter to our HRD regarding my delinquent account. What actions do you think our HRD would do to me?
ReplyDeleteI suffered from a financial crisis this last 4 months because of lingering illness of my mother. I am still willing to pay them but after I have recovered from this crisis.
nok:
ReplyDeleteactions your hrd should take:
1. forward to you the letter (they shouldn't care about that)
2. tell your collectors to call you personally, since it is your peronal matter
Thank you for all your answers.
ReplyDeleteHe [Head office daw po ng East West Bank] called me again today and insisted to settle the account until tomorrow [partial payment] before they forward the notice to HRD. I asked him to give me until the 30th of October, sabi nya DI PUEDE, DI PUEDE...He told me not to be kampante kasi iba na daw ngayon. Di na daw uubra na ang may utang ang masusunod.
I also explained to him na di naman dapat involved dito ang HRD dahil it's a personal matter. He told me na ganun talaga pag nasa legal dept na yung papers ko.
nok,
ReplyDeletedo not argue, explain or plead. pointless.
tell him you will pay in full.
papuntahin mo sa office at tell him to bring a Cert. of Full Payment or Official Receipt. kaliwaan.
pag-pumunta, pahuli mo sa guard. extortion.
Banker, totoo po ba na may new law na para sa mga di nagbabayad ng credit card? Nagpadala po kasi ng demand letter sakin ang Citibank. Sabi sa letter, I'm at risk of beong sued, civillu and/or criminally, if circumstances warrant, under RA No.8484. Anu po ba meaning nun? Tsaka anu po ba ang "The Rule of Procedure for Small Claims Cases"? Salamat po ng madame sa help.
ReplyDelete1998 pa po ito. ngayon lang na-isipan ng mga kotong kolektor panakot:
ReplyDeletehttp://failuretopaycreditcard.blogspot.com/2010/07/ra-8484-in-filipino.html
The Rule of Procedure for Small Claims Cases?
eto lang tandaan mo always :
BAWAL ang mga abogado doon
hello banker. i just receive an email from a bank in dubai which i have a credit card before. they want me to pay a huge amount due to non payment since 2007. the collecting agent in phils. mentioned that they can ban me in entering middle east and canada. is that true? please enlighten me. at the moment i am working abroad and planning to migrate to canada by next next year.
ReplyDeleteHi,
ReplyDeleteI am also a victim of harassment from different credit card debt collectors from phone calls, text messages, and letters to personal harassments. Its just so unfortunate and disgusting coz its my folks who were receiving all the harassments from these people. Nandun pagmumurahin cla sa fone, I threat cla that something might happened to me if they wont tell them where they can get in touch with me. I don’t live w/folks anymore. Lahat na ata nan uri nang harassment na tanggap na nang magulang ko! Worst last Tuesday (October 27) according to my dad 2 policemen in mobile patrol from MPD came to our house and were looking for me and wanted to arrest or apprehend me without any warrant or subpoena and wanted to bring me to a fiscal’s office. It caused a lot of panic from my folks and mom almost had a heart attack.my hubby got paranoid and worried about my safety he couldnt go to work worried that someone will come to my workplace and take me without him around to protect me. do they have the right to do such act? I don’t know sino ba ang dpat ksuhan un credit card company (or the issuing bank) or the credit and collection agency? Nakakpagod na kasi we live in fear kahit hindi naman dapat. Sana mahinto na ang ganitong harassment! Slamat po.
hi banker..
ReplyDeletei have read almost the complains of my fellow delinquent cc holders.. same story happens po to me.. i am not paying my cc in citibank for almost one and half years because i can't...mababa lng po kc sahod ko dhil i am just teaching in a small private skul. tpos kahapon po, my pumunta na "police" daw sa bahay namin hinahanap ako and ung kpitbahay po nmin nkausap nila, my police car po cila pero not in uniform po..sv po nila mgreport daw po ako sa CRAME..i think CC colector po cila, pwede po b akong makulong d2? at ano po pwede nyo masuggest na pwede ko gawin against sa knila kc nkkahiya po, parang nademoralize ako to think teacher po ako at police po ang naghahanap sa akin, akala po ng mga kapitbahay namin e kriminal ako dhil mrami sa mga taga sa amin ang nakakita at nakarinig..ano po pwde nyo advice sa akin, worried din po ako dahil they did not stop calling me at hiyang hiya na po akosa mga co-workers ko..thank you po and hoping for your reply... more power and god bless!!!
good day banker, if they law office will sue me in court for non payment of my cc can they file the case in taguig regional trial court if im in cebu.just wondering..and in fact its only a little amount it just that marami lang talagang dapat unahin..
ReplyDeletenero.sepiroth,
ReplyDeletefile a case?
they wont; they dont; they cant.
Assuming they file a case,
read your Card Agreement, the last paragraph - VENUE: Makati
i just received a call earlier. the guy said that he works for MTC and threatened me that if i do not take action on my credit card debt, may dadating daw na police sa house. he told me to get in touch with a certain Atty. Rudolfo Guzman at 023591673 asap dahil may hearing daw na naka-schedule na sa wednesday. dapat ba ako mag-worry? what action should i take? please help…
ReplyDeletep.s. someone once told me na credit card companies, hahabulin ka nila to a maximum of 5 years only. is this true?
you mean that is the standard procedure of the court -tatawagan lahat na may kaso? hehehe...
ReplyDeleteforget it. all lies.
they will harass you as long as you show them that you can be a milking cow at madali maloloko nila
hi, banker, i just want to seek advise regarding these collection agents of eastwest bank. ang kulit nila ni hindi naman marunong makinig. ang concern ko lang po baka tumawag cla sa hr namin kasi inaway ko na talaga kanina pag tawag nila.. i just want to inquire din po ano po ba yang small claims court.. will those delinquent cc holder will fall under the jurisdiction of the said court? pls advised po. tnx sir
ReplyDelete"small claims" courts:
ReplyDelete1.handles utang/money claims of P100,000.00 and below, excluding interest and charges ;
2.bawal ang mga abogado;
3.You have an utang? the decision is always " You Pay". kaya it takes merely 1 day, tapos na.
4.You have no money? lalo nang tapos.
hi Mr. Banker,
ReplyDeletegud pm... I am new on this post and after reading all the stories medyo na-relieved ako.... i had the same experience as others did... i recently received letter from certain TELAN HIPE FLORES TELAN & ASSOCIATES LAW FIRM and asking me to pay certain amt of Php 857,355.77 for my credit card at PSBAnk... my original loan was only 150k and i was able to pay them 100k about 2 years ago and continuously paying 8k/mo until Jan.2009...but unfortunately i had lost a job since march 2009 and therefore i was not able to pay them... but i asked them to close my acct para di na dumagdag ang interest... but they did not and continuously harassing me until this morning.... a certain "Jovi" called me this morning and told me"WALANGHIYA ka, Ibalik mo ang NINAKAW MO!" they event attached "COMPLAINT" form from Makati Regional Trial Court but their FIRM's name written below the letter.... i just want to ask if this really is a TRUE COMPLAINT LETTER from MAkati RTC and how are they able to trace my landline number even if we already have transferred our location....also i received letter from Molaer LAw Firm last year asking me thesame thing to pay amount of 600k+ and ngaun lang po ulit naulit.... they keep harassing me and my family and even told us na kakasuhan ako sa NBI ....kindly enlighten me on this...need your help since wala po talaga ako work and even my husband and may isa kmi anak at ito po talaga problema namin..
puede na pala mag-file ng case sa NBI? heheheh....
ReplyDeleteread " Matapang na Collector" chapter.
hi Banker,
ReplyDeleteThis is the person's name who keeps on harassing me on the phone. She work for TELAN HIPE FLORES TELAN & ASSOCIATES.
MS. JOVI GALLARDE at 0464171088, 0464179257, 09185335974
And a certain SHERIFF CASTRO called me that he will visit today to take my properties under my name since as per Him I was already convicted of Violation of RA 8484 even if I haven't received any subpoenas and they have no case filed against me. His contact no. is 027472625, 026346615
Please help me banker since they keep on calling and harassing me and even my family....
They are forcing me to pay Php857,355.77 which I never used and my balance to them is less than 50k...
thanks in advance,
Lucky_2328