14th December, 2007 ( Friday)
Dear Sir,
Today I received a letter from our friend that says about RA 8484. For me to understand what is it all about, I read and read and learned that it talked about :
a. credit card that is counterfeit, fictitious, altered, or forged;
b. access device that is stolen, lost, expired, revoked, canceled,
suspended, or obtained with intent to defraud;
c. access device that was applied for or issued on account of the
use of falsified document, false information, fictitious identities
and addresses, or any form of false pretense or misrepresentation;
I pondered and said to myself - indeed these are really against the law.
But wait, a certain clause caught my attention :
"A cardholder who abandons or surreptitiously leaves the place of employment, business or residence stated in his application ...... shall be prima facie presumed to have used his credit card with intent to defraud."
Hmmmm....When I applied for a credit card, and until now, I am still staying in the same residence as indicated in my application form, although I have now lost my job.
Did I abandoned my residence or employment?
Did I left surreptitiously these addresses?
I looked up for that meaning and found out it means "secretly", like a thief leaving your house.
The letter said I could be charged, if evidence warrants.
I am holding their letter, therefore I can be found! They are right - there is no evidence to the contrary.
Thank God. It is Friday the 14th, a day before and I'd be damned.
Sincerely,
CC Victim
Dahil Mahaba na ang Queries, PLEASE e-mail us instead
diskarte@live.com
Hay salamat sa walang sawa mong supporta banker, marami kming natutulangan mo, understanding what this collection agencies are threating us especially with RA8484 thing...btw the lawyers who are with this collection agencies, pasado ba sila sa board? or wala silang kaso na hinahawakan like the usual lawyers have? I mean talagang nananakot na lang ba sila? Meron bang clause to quote to them stating that what they are doing can revoke their license or we as victims of their actions can sue them since everything that they are doing purely threat just to have their commission?
ReplyDeletehello banker,
ReplyDeleteI would like to thank you for putting up this blog it really helps me to ease out my cc problem. I do have a friend whose CC is not yet paid and left for US and he didn't inform the CC company. and the collection agency is keep on calling the landline that is stated in the application form, although they informed already the agency that my friend already left for the US. If ever she decide to come back to the philippines, does she will have a civil case if incase the CC company will pursue a lawsuit? thanks in advance
mommyg,
ReplyDeletegive them the benefit of the doubt. hehehe......sum of money cases are really the simplest case. even a law student can win it. reason : the complaint is " you owe them money" so the judge will simply decide " you pay!" of course! pag-natalo ka pa dyan, ah... ewan..
anonymous,
the case is really a civil case, IF they do file it. a big IF.
banker,
ReplyDeletesorry, di ko po kasi nabasa kung nasagot nyo yung tanong na kapag lumipat ka na ng tirahan at hindi ka na makontak sa dati mong contact info...does it mean na pwede ka nilang kasuhan ng RA8484.
paano po kung let's say, you tried to contact the credt card companies to provide your new contact info like new add & tel #, but they never entertaind you since they already forwarded your acct w/ these stupid collection agencies, of course ayaw mo naman makipag deal sa mga ito...so there's no chance for you to update your contact info...kaso po ba ito sa ra8484?
ganito kasi ang case ko, lumipat na ako ng tirahan pero sige pa rin ang pagkontak nila sa akin sa old add ko....pulis pa nga daw ang tumawag at nananakot pa nga daw sila na may warrant of arrest na ako & they will get all my sister's things dahil yun daw ang dineclare ko...e wala namang katotohanan yun dahil wala akong dinedeclare na ganon!
banker, pls explain naman po yung line s ra8484 na pag hindi ka na matagpuan....paki expand po....enligten me please..thanks!
happy holidays po to you & to your family & friends! =)
wow! police pala si Mr. Collector.
ReplyDeletea) If you were a police, would you announce it? di nagtago na yung criminal.
b) Ano naman pakialam ni sister sa utang mo? May subject yan sa criminology, Mr. Police-collector.
Does he has a warrant or writ? he cant tell the difference! hehehe....
Re: RA 8484
note the words "abandon" and "surreptitiously". are these words applicable to you? for both your office AND home?
I can cite 100 legal reasons why RA 8484 does not apply to you but for your own sake :
inform them of your address via registered mail with return card/ receipt.
will that serve your purpose now? enjoy your life. dont let them spoil it. :-)
oo nga banker, ganon din sabi ko sa sister ko na walang matinong pulis na mag-aabiso muna na manghuhuli siya..parang taguan pung ang laro nyan...hehehe...
ReplyDeletee banker, di ba kung hindi ka naman nila matagpuan...wala pa rin silang makakasuhan kasi nga hindi ka na makita diba?tsaka, banker, gagastos ba sila na magbayad pa ng mga spy para lang matagpuan yung mga hinahabol nila?...hala...detek-detektiban naman ang laro nila nun.
one story.
ReplyDeletemr. collector: is Pedro around, I have a warrant of arrest for him for failure to pay his credit card
kausap : wala po
mr. collector: tell him I an looking for him
kausap : yes sir.
kausap was Pedro. ^-^
oo nga noh!
ReplyDeletethanks for the short story, banker.
though it's short, it covers my whole cc dilemma...thanks talaga banker...now i have the reason to celebrate the holiday season w/o being annoyed by these collectors, er, police inspector kuno.
banker, thanks for all your help & have a wonderful holiday.god bless you & your family...more power!..i'll keep on visiting this. banker do you have your mailing add ba sa file mo?
you liked the story? heheheh....
ReplyDeletee/m address is under Profile but for you and others,including those collectors, here again :
davaoepsa@netscape.net
This comment has been removed by the author.
ReplyDeletedear banker,
ReplyDeletehow about in the case of cash loans where you signed post dated checks for them? is this a different case? i am still paying my citisavings loan. but in case there are readers who are in a situation where they cannot pay, and the case is that post dated checks were issued, is this a different case than credit cards?
i mean, from someone like me who doesn't have the knowledge on this things, i think this is a lot different because post dated checks were issued.
thank you, banker, and happy holidays.
BP 22 has been decriminalized,just attend when called by the court.that's the only requirement.
ReplyDeleteIV Rules on Summary Procedures
Sec. 16. Arrest of accused. — The court shall not order the arrest of the accused except for failure to appear whenever required. Release of the person arrested shall either be on bail or on recognizance by a responsible citizen acceptable to the court.
hi banker
ReplyDeletethanks again for the replies on our queries. I have one question, hoe does the cc differs from the money loan? unlike derek i have borrowed money from the bank but there is no post dated checks, would this mean that my case is much more safer than derek?
strangertoo,
ReplyDeletethese are all credit availments thru different medium, covered by same documents ( contracts, loan
agreements, Promissory Notes etc.)and modes ( clean or secured or with collateral basis )
failure to pay means a violation of these agreements and one recourse is to foreclose your collateral if meron, file a BP 22 case if w/PDCs,
or simply file a "sum of money" complaint if on clean basis.
Merry Christmas everyone especially to Sir banker,
ReplyDeletei notice wala nang bagong comments, solve na siguro lahat ng fears sa credit card debts, everyone is enjoying the holiday season, palagi kong binabrowse and mga blogs kung may bago. Marami pa ring tumatawag sa akin di pa kasi ako nakabayad.
Guys,
ReplyDeleteMerry Christmas to all and may we have a peaceful new year ahead of us!
Banker, may the lord almighty continuously bless you with good health and generous heart. God bless your family.
I just found this and hope this will help a bit.
What's Not Allowed
There are a number of debt-collection practices prohibited by law. They include:
Harassment and abuse:
• The use or threats or violence;
• The use of obscene or profane language;
• The publication of a list of consumers who allegedly refuse to pay debts, except to a consumer reporting agency or others with a legitimate need to know;
• The advertisement for sale of any debt to coerce payment of the debt;
• Causing a telephone to ring or engaging any person in telephone conversation repeatedly or continuously with intent to annoy, abuse, or harass any person at the called number;
• The placement of telephone calls without meaningful disclosure of the caller's identity.
False or misleading representations. Debt collectors may not:
• Falsely imply that they are attorneys or government representatives;
• Falsely imply that you have committed a crime;
• Falsely represent that they operate or work for a credit bureau;
• Misrepresent the amount of your debt;
• Indicate that papers being sent to you are legal forms when they are not; or indicate that papers being sent to you are not legal forms when they are;
• Claim that you will be arrested if you do not pay your debt;
• Say that they will seize, garnish, attach, or sell your property or wages, unless the collection agency or creditor intends to do so, and it is legal to do so; or
• Claims that actions, such as a lawsuit, will be taken against you, when such action legally may not be taken, or when they do not intend to take such action.
• Give false credit information about you to anyone, including a credit bureau;
• Send you anything that looks like an official document from a court or government agency when it is not; or
• Use a false name.
Unfair practices. Collectors may not:
• Collect any amount greater than you owe, unless your state law permits a special charge for such collections;
• Deposit a post-dated check prematurely;
• Use deception to make you accept collect calls or pay for telegrams;
• Take or threaten to take your property unless this can be done legally; or
• Contact you by postcard
Or try this link: http://www.consumeraffairs.com/debt/fdcpa_02.html
lyn
Happy Holidays!
ReplyDeletethanks a lot sa mga diskarte mo banker, it really helps.
Here is my situation banker, kasi recently tinawagan na naman ako ng DM law office sa Equitable credit card ko at humihingi sila ng payment. I asked them kung bakit sila humihingi ng payment when I have already received a billing statement from the bank at nakasaad doon na zero balance na ang cc ko. Although naka state doon na transferred na sa collecting agency ang account ko. At the time na nareceive ko ang billing statement from the bank ibang agency pa ang naghandle ng account ko. My question is "if" magbabayad ako saan pupunta ang payment ko. and "IF" hindi, may habol pa ba ang banko sa akin kasi pinadalhan na nila ako nga statement na zero balance na ako.
hi lyn ,
ReplyDeletethanks for the post on debt collection practices not allowed, however, this is not applicable in the Phils., it is in US , they have the Fair Debt Collection Practices Act. I hope Congress will pass a bill on this to protect us. However, i have read in one of the posts here, that we have BSP circulars as mentioned by Sir Banker.
xvirgo,
ReplyDeletebased on your billing, wala kang utang. so? .... happy new year!!!!
Lyn,
thanks for your concern. THAT is what I was looking for. CONCERN FOR OTHERS. we got BSP Cir 454 in answer to FDCPA.
may your tribe, and Ms. Hopeful too, increase. have a blessed new year. to all.
hello banker,
ReplyDeletehappy new year, thanks for the advise that you gave us all..
my question is when i have the money to pay can i only pay my principal amount only, kasi young amount ngayon ay umabot na ng 200T na ang utang ko ay 84T lang...
please reply
hi triple "L",
ReplyDeletewag mo na lang bayaran kaya? you'll just be dismayed - they wont budge if they see an opportunity to fleece money from you which the bank is not really keen on collecting anymore.
I have been paying faithfully for about 9 years until lately that I become delinquent. The collecting agency says that the bank can only retrieve up to 3 years, should I ask for my SOA from the start?
ReplyDeleteyup. ask for an SOA( which they cant for reason that escapes me)
ReplyDeleteotherwise, refuse to pay until they have done so. do e/m me if you wish
gud am...dis is kris,kakainis talaga tinawgan ako sa bahay,sabi kung d ko daw ma settle cc account ko,idemanda na daw ako,final na daw yon,sabi ng helper ko,what should i do?wala talaga ako pambayad kc gipit ako ngayon,d ko na nga binabasa yong pinapadala nila na mga demand letters,naipon na lang lahat evrymonth,banker please advice me,sobrang nag alala nko....thanks and god bless
ReplyDeletebanker,
ReplyDeleteako ulet, musta na po?
ask ko lang po, pasensiya na po kung nasagot nyo na ito..ang mga personal loan po ba pag di nabayaran, considered as loss acct na din katulad ng mga delinquent credit cards..hindi na din po ba interesado ang financial institution pag matagal ng di nababayaran kaya ipinapasa sa mga collection firms?
isa pa po...makakaapekto po ba sa pag-aapply ng home loan thru pag-ibig pag may delinquent credit card accts ka at personal loan?
thanks po...more power! =)
anonymous ( can you give another ID)
ReplyDeleteif they call again, just say yes.
if they say they will file a case, just say yes. ^-^
you will get several FINAL demands. heheheh...... see?
vaklush,( hirap ng ID mo..^-^)
they are both clean accommodations although handling of CC debts are covered specifically by BSP Cir 398 while general credits is under BSP Cir. 439.
yes.these are eventually written-off if there is low prospects of collection, just like any trade receivables.
however, adverse CI does not affect one's PAG-IBIG loans kasi you are merely borrowing against your "future benefits" plus may collateral pa. unlike sa banks.
Mr banker..nkareceive po ako txt n meron n nga daw po ako criminal case n nkafile sa rtc..and they gave a number..tumwag po ako.rtc nga daw po un..and sheriff allan pineda daw sha..meron gna daw po ako criminal case filed ng chinatrust..di po kc ako nkbyad for 3 months..tumwag po ako sa atty ng chinatrust n bngay ng sheriff..me nkausap po ako dun pero hindi ung atty...wla daw po kasi lagi nsa hearing..umabot n daw po 75,000 utang ko and pinapabyaran nya ung 50 percent..then binaba nya sa 30 thousand..this happens wednesday and sinabihan nya ko mgbyad n on friday..problema ko po...wla ako ibbyad...pag di ko daw nbyaran ififile nila ung kaso..ntatakot po ako banker...please help me..
ReplyDeleteninaeres
anonymous (ninaeres),
ReplyDeletecncya na kung magre-reply ako sa iyo...wag ka maniwala sa mga nakausap mo...hindi criminal case ang pwede nila isampa sa iyo at hindi sa rtc ang venue nun...per banker, civil case lang ang pwede i-file, kung makakapag-file sila, at sa mtc ang proper venue..pag nakausap mo sila ulit, pag-aralan muna nila ang abc ng trabaho nila...naks, banker, oks ba?
kidding aside, friend, tinatakot ka lang nila at walang katotohanan ang mga sinasabi nila...again, hindi criminal case yun!!!!!
banker,
ReplyDeletecncya na matagal ko na kasi gamit itong id ko...hehehe!!
banker, ibig bang sabihin kahit mag-apply ako ng home loan thru pag-ibig ay hindi sila magke-credit check sa banks?...so my possiblity na ma-approve ako? =)
Hi! Your blog is very informative and it definitely helped a lot of people. My prayers for you and your family!
ReplyDeleteanonymous(dami same ID, pls. have
ReplyDelete( another one kung puede?)
whaaat P75,000 sa RTC, wala pa sa prosecutor's office, RTC pa! they are just making a fool out of you, so DISREGARD those SMSs.
China Trust loan is a clean loan, while RA8484 is for CREDIT CARD FRAUDS. would you believe that lawyer?
dont pay ANYTHING without a formal agreement. mahirap na ma-scam.
vaklush,
ReplyDeleteyup.more on 1:1 kasi yan. you are borrowing against your "savings" so no exposure plus may collateral pa. kaya OVER na talaga pag may CI pa. ^-^ ( this is an over SIMPLIFIED explanation only)
oooh.. I just thought you got a unique, interesting ID hehehe...
Lirba,
thanks. hope there's " two less lonely people in the world" ♪♫♪
quote:
ReplyDeleteMr banker..nkareceive po ako txt n meron n nga daw po ako criminal case n nkafile sa rtc..and they gave a number..tumwag po ako.rtc nga daw po un..and sheriff allan pineda daw sha..meron gna daw po ako criminal case filed ng chinatrust..di po kc ako nkbyad for 3 months..tumwag po ako sa atty ng chinatrust n bngay ng sheriff..me nkausap po ako dun pero hindi ung atty...wla daw po kasi lagi nsa hearing..umabot n daw po 75,000 utang ko and pinapabyaran nya ung 50 percent..then binaba nya sa 30 thousand..this happens wednesday and sinabihan nya ko mgbyad n on friday..problema ko po...wla ako ibbyad...pag di ko daw nbyaran ififile nila ung kaso..ntatakot po ako banker...please help me..
ninaeres:
unquote:
analyze natin yan:
1. Ang sabi naka FILE na.
2. Sinabi sa text "CRIMINAL CASE" para matakot ka at tumawag, ginagawa mo at tumawag nga sa number PA na binigay nila para sila ang sasagot at sasabihin kung ano gusto nila sabihin. (misrepresenting themselves to be RTC) lalo kang natakot.
3. 'Pag di ka nagbayad, ipa FILE ang kaso? (contradicting to #1 sabi naka file na?)
conclusion:
DI PA BA MALINAW SA 'YO NA TINATAKOT AT NILOLOKO KA LANG NILA?
kung may time ka lang sana magbasa sa mga post ni banker, di ka na dapat matakot
HAVE A NICE DAY to you BANKER and BLOGGERS
Sir Rene.... the most loved BANKER,
ReplyDeleteHAPPY NEW YEAR po kahit late na ko sa greetings! Naging worry free po ako dahil sa inyong advice bout my credit card problems. More power!
gud pm,pag my 2mawag sa bahay,pinapakingan ko lang yong boses tapos baba ko ulit,kc paulit ulit na lang snsbi ng mga collector na yan,masira lang yong araw nyo....
ReplyDeleteHi and thanks for posting : Pat and karen dj and jenny. Am glad to know that the blog has helped you somehow.
ReplyDelete^-^
dear banker;
ReplyDeleteThis morning i receive a tx msgs regarding my credit card d ko pa nababayan kc kolang pa ung fund ko,so ang laman ng kanilang tx sakin i they endorsed my account to a certain person that my account is subject 4 legal actions due 2 non compliance 4 voilation of RA8484 credit run away 4 blacklisting & art. 1152 4 breach of contract and if i failed to pay them,they will 4ward a formalized complain to makati rtc.Ito ba i totoo or they trying to scared me so that i could pay them right away?d ba sila makapag antay ng aking bayad?sila ba i binabayaran ng credit card company para manakot sa d pa nakapag bayad ng credit card..Thanks & more power to you....please answer my questions para malaman ko kg totoo ba o hindi ung kanilang sinasabi sa akin...
cc scared
Good pm. I had never missed paying my cc bills. However, just 2 weeks ago, meron ako di nabayaran as my dad passed away and marami akong inayos. The credit card company asked me 2 settle double the amount of my minimum payment as she said payment "for two months". Why is this so? Tama ba na magdemand cla ng 2 months payment because of my 2 weeks delay? I just paid my bill 2day pro pay ko lang is php500 more of my minimum payment. I tried inquiring of my credit balance pro ang reply ng machine 0.00 available. anu yun not accessible for the meantime ba credit line ko or they have permanently banned na me of using my card? Thanks po.
ReplyDeletecc scared,
ReplyDeletethe answer is N O . please do some back reading. you'll find a clearer picture. if not, I would welcome your e/m. ^-^
anonymous,
look at your bill. next time they call ask them that question. if they cannot answer it, no PAY.
p.s.
if you can get another ID, much better in case of follow-up questions. dami kasing "anonymous"
heheheh....
Dear banker,
ReplyDeletetnx 4 answering my question,so u mean d sila pwede maka pg file ng case regarding kg d pa ako maka pag bayad ng aking utang sa credit card?i want a clearer answer coz ang bdo palagi nalg tumatawag sa akin at pinipresure ako na mag bayad kahit minimum payment lg.so yng pangalan ng tao na ni refer sa akin na doon inindorse ung account ko at mag file ng case sa akin na ra8484 sa makati rtc i wala silang karapatan na mag file ng case sa akin?tnx..more power to u...
cc scared
hi banker. etp situation ko last year napagpirma ako ng collecting agency ng bank ng parang promissory note na magbabayad ako ng 9k tapos 3.5k a month na hanggang maubos balance kaso hindi ko na nabayaran kahit yong initial payment na hinihingi nila na 5k. and nakapirma talaga ako. ano na mangyayari? it's been a year since pumirma ako and hindi ko na alam ano nangyari. Now, makakasuhan ba ako dahil sa pirma ko? would it affect if need kumuha ng nbi clearance? pls advise. Thanks. ---akoto!
ReplyDeletehi banker paano pag naka-amnesty program ka na sa citibank? may contract na kaayo and have been paying for few months tapos biglang pinutol ang pagbabayad. makakasuhan po ba ng breach of contract? magkakaron ng record sa nbi? nagppursue ba talaga ng case pag ganito? 4 years ang term at 800 ang monthly dalawang cards po yon tapos after a few months tinigil ang payment. pls shed light. thanks!
ReplyDeletecc_scared,
ReplyDeleteRA 8484 is for people who use fictitious credit cards.sa madaling salita.
try to ask a certified Statement of Account. without that, what utang are they talking about?
do e/m me so that we can discuss this more thoroughly.
akoto/anonymous
you have violated your current contract just like the previous one.BUT this time, your debt is much bigger.
that is why I advise people NOT to sign "Amnesty Programs" (there is no such animal) it will just dig them deeper into debt.
let them file a case ( they wont)
it wont reflect in NBI records.
dear banker
ReplyDeletethanks a lot,wat do u mean e/m?d ko kasi maintinihan eh..
thanks again
cc scared
cc_scared,
ReplyDeletee-mail me should you need to discuss RA 8484 further. would be more than willing to clarify any of your doubts.
dear banker
ReplyDeletethanks again,ano ba ung email add mo?d ko kc alam eh.banker this morning naka recieve naman ulit ako ng tawag galing sa taong binigyan ng bdo ng aking account sa credit card,at ang sabi nya kailangan ko daw mag settle ng payment tomorow atleast 3500 of my outstanding account,kc naubos kona lahat ung sa credit limit ko at exist na po ako,ung credit limit ko s 20,000 at umaabot na sa ngayon ng 22,824.40 kc d po ako naka pag bayad ng almost 3 months na kolg pa kc ung fund ko at marami pa po akong binabayaran.at kg d daw ako maka pag bayad sa kanila bukas mag pa file cla daw ng kaso sa akin na ra8484 credit run awaydue 4 black listing & art 1152 breach of contract.wala pa po akong pera sa ngayon.totoo ba nag mag pa file sila ng kaso sakin?kc palagi nalg sila tumatawag eh...
thanks again banker
cc scared
cc_scared,
ReplyDeleteits under profile but for you:
davaoepsa@netscape.net
Sec. 1152 is about prescription period for filing a case and not breach of contract.
kung mag-file sila, matagal na dapat. what are they waiting for? most probably, they cant.
cc scared: tinatakot ka lang nung mga credit card personnel/ collection/law firms. ang mas mabuti mong gawin, backread mo lahat ng posts (blog chapters) dito ni banker at ng ibang taong nag-share ng experiences nila. by doing this, marami ka nang malalaman at hindi ka na matatakot sa mga tumatawag sa'yo. remember knowledge is power.
ReplyDeletei've noticed na kokonti na nga lang ang nagtatanong sa blog ni banker. ibig sabihin marunong na kami ng tamang DISKARTE! =D
i think it is time for us to start changing our focus in building wealth , increasing our savings, eliminate unnecessary expenses and stop swiping.
ReplyDeletethanks to banker for driving away our fears and start being productive.
yes, i agree! banker is a big help to all of us. now, i only own 2 credit cards (for emergency purposes only) and most of the time i pay in cash (para hindi na uli mabaon sa utang).
ReplyDeletethank you very much, banker. you're really an angel from heaven. *wink*
Maraming salamat sa lahat na DISKARTE , BANKER, marami kang natulungan. Baka pweding i continue natin ang journey na ito, from credit card to debit card. mag Open ka ng isang topic (BLOG) how to SAVE for the future, (i.e. FRANCISCO COLAYCO's book)I'm not endorsing here, he..he.. We still continue the convenience of swiping, purchasing e-ticket etc... this time through our DEBIT CARD. (i.e. UBP e-Wallet) debited to our BANK ACCOUNT, wala pang INTEREST. I'm sure marami ding contributors like me sa topic na 'to, ano sa tingin mo BANKER?
ReplyDeleteHi Pat,
ReplyDeletein fact, I am using a UBP debit card for the last hmmmm. 5 years?
here's a food for thought on How To Save :
income - savings = expenses
banker,
ReplyDeletethanks so much for all the info
i got from this blog....i know wala pong nakukulong sa credit card debts pero paano naman po yung mga unpaid loans like sa chinatrust & citifinancial...sabi po kasi nila kung walang pdc na involve walang kasong maisasampa like estafa at kung sum of money lang ay hindi criminally liable...
kaya ko po naitanong ay dahil may tumawag po sa akin from a collection company at sinabing magsasampa na sila ng kaso laban sa akin kung h indi ko pa masesettle ang utang ko...sabi ko imposible yun dahil ako lang ang nagtatrabaho sa family ko at siyempre dapat unahin ko muna ang pangagailangan namin dahil nga po nagresign ang husband ko bec of health reason....sabi niya kailangan daw akong mag-appear sa court...so sabi ko, hind ako naniniwala hanggang wala akong notice or subphoena na natatanggap...then sabi nitong matabil na lalaki fr the collection company na may matatanggap na daw ako anytime soon...so sabi ko hihintayin ko po..sabi naman nya, baka makulong daw ako...e sabi ko hindi naman ako nagnakaw o pumatay para ikulong...may katotohanan po ba ang mga sinasabi nya? medyo ninerbiyos kasi ako sa mga terms na binitawan nya eh...thanks po in advance
cc gagah,
ReplyDeletetama yung diskarte mo. just a reminder: BP 22 Cases ay decriminalized na but just ensure to present yourself in court when invited.
get the name of that guy,the collection agency he belongs and the bank he represents. BSP Cir 454 prohibits threats that cannot be legally feasible. e-mail me.
dear banker
ReplyDeletemaraming salamat tagala sa mga sagot mo at sa mga taong nagbigay ng kanilang mga coments,unti unti ko na reresolve ung fears & doubts ko regarding sa aking utang sa credit card..maraming salamat talaga banker.....
cc scared
hi banker,
ReplyDeleteregarding the formula :
income - savings = expenses
paano pag may debts? can u still save?
mostly lumalaki ang utang due to uncontrolled spending, it is a disease that needs to be treated.
how can we control the uncontrollable hehe,
i feel guily, nag swipe ako yesterday for my eye medicine, di kasi nakasama sa budget.
banker,
ReplyDeletenabasa ko po yung case ni cc gagah..parang katulad nya yung kaso ko..matagal na po akong nagbabasa dito pero ngayon ko lang naisipan magtanong sa iyo...sa case ko, may loan din ako sa chinatrust na hindi ko na nabayaran...may trabaho din ako pero katulad ni cc gagah, ako na ang tumatayong bread winner ng family...lumipat na po kami ng tirahan dito sa probinsiya at hindi ko po pinaalam sa chinatrust pero bago kami lumipat ay hindi na talaga ako nakakabayad...ang tanong ko masasampahan pa ba nila ako ng kaso kung hind na nila ako macontact? kung sakali na masampahan nila ako ng kaso, paano nila maibibigay sa akin ang subphoena kung hindi nila alam ang whereabouts ko?...may ways ba sila na malaman kung nasaan na ako o kung saan ako connected na company?
banker, hindi sa tinataguan ko na sila...alam ko na may pananagutan pa din ako...kaya lang, ayoko munang pagkaabalahan pang isipin muna dahil busy ako sa pagtataguyod ng family ko...banker, pakitulungan naman po ako.
ms hopeful,
ReplyDeleteprioritizing your needs, not wants, is NOT wasteful, so feel no guilt.
Remember back in college days we learned about Break-even Volume(BEV)
and Contribution Margin? try to apply it sa personal life natin ( medyo mahaba kasi kung fully explain ko dito hehehe....)
cc gagah din 2,
ReplyDeletelet me remind again about the rules:
Rule No. 1 - If you cannot pay,dont
Rule No. 2 - Prioritize your need ;
not their greed
IMHO, you're just doing the right things. just go on with your life but learn from that experience.
hi banker,
ReplyDeletei really enjoy the posts & blogs here, naging daily routine ko na to browse here, very helpful kasi and relieving,
about the break even volume, pwede po paki summarize lang hehe, absent yata ako nun, sa accounting ba yun, is it about gross profit, paano ko relate yun. all i know is we should live within our means.
If your monthly income is P5,000.00
ReplyDeleteand your fixed expenses is about P 3,000.00, technically you should have a savings of P 2,000.00
However, if you want to save P3,000 monthly instead :
P 5,000.00 - P 3,000.00 =P 2,000.00 expense ceiling mo ito PROVIDED it is realistic enough.
Your BEV therefore is P 2,000.00. in excess of that would be your savings.( contribution margin)
kung hinde kaya, just do some additional pencil pushing.
Mr.Banker,
ReplyDeleteMy Father died last June of 2007 and left us with unpaid credit card bills.
A week after his burial i asked my mom and my two siblings to send a copy of his death certificate to these banks
( citibank, hsbc and charter ) so they will be informed of the new situation. --we will try our best to settle all that but it makes me wonder...
in cases like this when the credit card holder dies...are we really obliged to pay these debts??
we will pay them if we have to but i feel that we're being harassed already with all these letters containning forms to seize all my father's assets.
I dont think they understand that my father's dead already and keep sending us letters to his name.
Citibank i give them props for being so nice...they communicated with us and now we signed a contract allowing us to pay the said debt for 2 years with minimal interest.
the problem now with HSBC and Charter is that..despite all our efforts to inform them that we
have infact sent their main office a copy of my father's death certificate the credit amounted already to 90k from 60k and continue sending us these letters with legal action to seize everything.
-- i think it's from the lawfirm that is tasked to collect from us.
it's from MOLAER , LAXA lawfirm...yeah we received two letters from two different collecting agencies telling us consider this as last warning.
We tried to call their office coz we're surprised but everytime we do they'd tell us that it's just the secretary that is left and the attorney is out of town or something.
I sent them an email once or twice but until now it's left unanswered.
the thing about Charter..the one with the smallest amount of debt 25000 php...
my sister recieved an email from this collection agency with this form she needs to sign imposing an 8% interest every month. --she didnt sign it yet.
I thought that was absurd..if Citibank gave us two years to pay that 70k...why cant they do the same?? i mean...we do not intend to ignore these responsibilities...
we will pay them if we have to but we need a a monthly paying scheme...
where do we stand on this matter?
how do we know that the letters they sent as are legal?
i hope you could help me on this...
thank you
"inigo"
hi banker,
ReplyDelete1. a collector told me that the bank will forward my account to BSP, i wonder why to BSP, is it to block list me for defaulting payment
2. what is credit runaway? is it covered under RA8484, i saw it in a demand letter sent to my friend by a law office.
whaaat? gawin pang collector ang BSP. heheheh....
ReplyDeletedont believe everything they say. they are that desperate. kung ano-ano na lang ang sasabihin. ^-^
credit runaway is a person who "runs away from his credit"!
I am very much interested to know if the principal cardholder died, will his children have to settle his unpaid accounts? In like manner, must the owner of the extension card pay the bills incurred by the principal cardholder?
ReplyDeletelola
lola,
ReplyDeletedebt is personal. it cannot be transmitted to the heirs except with their assumption. What creditors can do is to lay a claim against the estate of the deceased.
did the cardholder took out a creditor's life insurance? that would settle the debt upon death.
as to the co-maker,they are jointly and severally liable, like a husband and wife, subject to other conditions which are maybe unknown to me.
Iñigo,
ReplyDeleteWag kang matakot s MOLAER Law office, wla tlagang magawa yung mga taong yun kundi manakot. They also sent us letters saying that they have already made an ocular inspection of our house pero wala nmn silang ginawang inspection and they also sent us numerous final demands pero up to now wala pa ring mangyari sa mga demands nila. Relax and don't worry. Wag mo silang intindihin, mga sira ulo nun.
lyn
once again thank you banker for having responded to my post
ReplyDeleteand to all those who replied, too.
...they never called us tho we gave them our celphone numbers..they just keep sending us letters ( FINAL DEMAND) and we're waiting for a new one this month.
my mom is supplementary cardholdher
of CITIBANK...she signed a contract ( amnesty) and that gave us two years to pay the incurred debts. ---in cases like that when there's a "co-holder" and still living...are we obliged to pay the debts my deceased father left us??
--i should have started researching about this 4 months ago. I DIDNT KNOW...
Banker...in case HSBC and Charter call us or send us another letter..what's the best way to deal with them? --As much as i want to stop worrying coz of what you said...( not that im trying to impugne yer knowlege or expertise)
im just afraid to get my hopes high and am gonna keep asking until am reassured.
im thinking of sending another email to these lawfirms...am tired of these FINAL WARNING LETTERS and i want to write something direct but not rude. -was thinking it would be nice if i included legal terms :) banker would you be able to help me on this?
LYn...thanks..
God Bless you all.
(are we all from Mindanao? )
~inigo
banker @ lola ; debt is personal. it cannot be transmitted to the heirs except with their assumption. What creditors can do is to lay a claim against the estate of the deceased.
ReplyDeleteinigo --banker could you pls explain this more? thanks
~inigo
Iñigo ( shouldn't this be your ID?),
ReplyDeletethese are jointly liable for debts:
1.husband and wife
2.principal and co-obligor or co-maker and/or surety
3.insurance ( contingent liabilities)
that is IF they really want to run after them.
Worrying is normal. when it becomes excessive, it is called Paranoia.^-^
These are pro-forma letters being sent and we have pro-forma letter-replies here. but writing them back normally does not illicit replies from them, would you believe?
on what do to, you may go to " Utang - What I'll Do?" chapter.
One of the legal remedies for debt collection against a dead person is to file a claim on his property i.e. real estate but only up to the amount of debt. that is again another "if" they do. tedious.....
Hope I have answered your points of concern but do e/mail me if you wish.
note: I'm from Davao ; posts and emails come from here and some from afar
Hello Banker,
ReplyDelete1. The HUSBAND is the principal card holder, WIFE is the supplementary, if the HUSBAND is blacklisted sa CMAP/BAP, automatically ba kasama na rin ang WIFE (blacklisted na rin?) at di na makapag open ng bank account?
2. For how long ba dapat blacklisted? 7 years? 10 years ba?
Thank you so much BANKER, maayong adlaw diha nimo.
@ BAnker
ReplyDeleteit's beginning to get clearer everytime...but just to be sure that i got it right , here's how i got it:
these are jointly liable for debts:
1.husband and wife
utang is personal...it cannot be transferred. Heirs ( me, my sister and my younger brother) are not obliged to pay these credit card debts my father left us but a living spouse (our mom) is? is this how the law states it?
***or it's only true when my mom is a supplementary card holder? [We're dealing with CItibank, HSBC and Charter...of the 3, my mom is a supplementary card holder of CITIBANK.] --we signed an amnesty coz this i know my mom is liable to this.
**ang nagpapasakit ng ulo namin ay ang HSBC and Charter...
1st thing we did as soon as after the libing was to give them copies of my father's death certificate.
--to our surprise we begin receiving letters warnings...and the amount that was just previosly close to 70,000 php now amounted to to almost 100,000 ( interest and attorney fees )--this is what we want to clear with them it seems they dont understand that my father is dead and we in fact informed them. and magulo sila one time we are receiving letters from this collection agency and then all of a sudden iba na.
Charter--- this is suppose to be the one that has the least amount of debt...25, 000 now 30 ( like they claim my father is neglecting hsi obligations)...if i wanted to i could have settled it but i know something is not right about it...wala kaming na receive na SOA ( only the letter they sent us telling us the amount we need to pay)...plus they want to impose an 8% interest...but my sister didnt sign the contract something wasnt right about it.
eto po sana gusto namin i clear sa kanilang dalawa.. but the problem here is that kung gano sila kasipag mag send ng final warning letters ganun din sila ka TAMAD mag reply. --why put their email address sa papers kung di naman din sila sasagot?
well, this is before we found out that we are not liable to these debts. should we worry about this that wala na yata kaming na receive na letters? we gave them our contact numbers but di naman tumtawag.
seizing of properties---
***you said na even na di kami makabayad they cant touch my father's properties...that is if they dont persue it coz like you said tedious ang process, but if they wish to...they can really lay claims to my father's assets but only sa kung magkano lang utang.
so let's say....our house costs 2.5 million and we owe them 100k, are we gonna be evicted from our own house and ibibigay na lang samin ang sobra? :(
does this include my father's SSS and stocks?
Banker, as much as we want to stop worrying and being paranoids cno po bang hindi kung maka receive ka ng mga letters with court letters of some sort. hehehe
like i said, we will try to pay them if we have tyo but kung hindi naman talaga kami liable ( my mom and my two siblings) ...we can keep the money for our future, diba? or pang party to thank you for helping us. lolz
i will definitely keep in touch and i was wondering if they decided to threaten/ harass us again...could we ask you to deal with them and whooopp their asses? :) or maybe i should ask na rin for pro-forma letter-replies you were saying. I want peace of mind...my dad's passed and now we're dealing with these collection agencies.
I hope this catches you well and am really glad i stumbbled into this discussion.
thank you very much
~inigo
jun-jun,
ReplyDeleteremember, "For Better or Worse"?
Here's why spouses are jointly and severally liable
Art. 94 of the Family Code :
(3) Debts and obligations contracted by either spouse without the consent of the other to the extent that the family may have been benefited;
Opening a SAVINGS ACCOUNT is another thing. I only know of one bank who has this crazy policy.
Iñigo,
e-mail me so that we can discuss your concerns in details.
hello banker
ReplyDeleteask ko lang ung RA 8484 criminal case ba un at it will affect ba sa par-renewal ko ng NBI Clearnce for abroad at police clearance at sa fiance visa? pls..answer naman oh...
tnx
hi banker,
ReplyDeleteim just new here, im just a bit worried, just like the rest of the guys here, i have not paid my cc acct for quite sometime because of some unavoidable circumstances few months before, my son went under surgery, so
we spent quite a sum, that i have failed to pay my cc till now, and demand letter from attorneys office have reached me, what do i do? will this affect my application for a working visa abroad? how about if i get an NBI clearance???? pls pls banker enlighten me.....thanks a bunch
@ Banker
ReplyDeletethe long post might have overwhelmed you...hehe!
where should i send it? have so many concerns right now but prolly it would be better if i take them to you one at a time.
quick one...
My father's dead, My Mom's living, i have two siblings. You made it clear that Utang is personal and cannot be transfered. But am reading something here how couple may be jointly and severally liable
Art. 94 of the Family Code :
(3) Debts and obligations contracted by either spouse without the consent of the other to the extent that the family may have been benefited:
we're not liable as heirs...
How about my mom??
***am talking to a friend too who used to work in a credit card company he said we're not liable...but in cases when we already signed a contract with one of the banks ( an amnesty ) pwede pa ba namin ipa-terminate yun?
we were forced coz we didnt know about these whole thing 4 months ago.
banker...thanks a lot for yer time.
im gonna ask other people too...it's beginning to get clearer and clearer everytime like i said.
hi banker,
ReplyDeletedami mong fans.
ms hopeful,
ReplyDeleteI hope you all vote for me on 2010.
heheheh.....
hi sir banker.. i hope the new year did not make you forget my name.. =) heto tumatambay na naman sa blog mo.. parang naging libangan ko na rin kasi to..
ReplyDeleteTO ALL CC VICTIMS:
everytime you feel threatened and worried, don't panic and dont pressure yourself to solve your situation.. instead, come here and read on.. ;-) mahihimasmasan kayo kahit papano..
Hi Yuri,
ReplyDeletethanks for passing by.of course! I wont forget you. How can I forget one of the nicest persons I met here.
what if new credicardholder for less than a year then nag default ng payment,will that be a ground for defrauding?
ReplyDeletecannot_pay_anymore
ReplyDeleteof course not! you cant simply pay.that is not defrauding creditors which is being able to pay BUT will not pay.
read along.....^-^
Banker Im Back. Like i said before i will try to talk to other people regarding our case ( principal holder of credit card is dead -no supplementary owner or whatsoever)
ReplyDeleteWhat people told me are no different with what you told me here about a month ago and somehow it was a weight lifted off of my shoulders knowing we may not be liable/obliged to settle debts left to us by our father who passed away months ago. ---again thank you.
anyway, i was wondering if i could ask advice from you how to handle well these collection agencies who despite our efforts from the beginning since july 2007 faxing them my father's death certificate, calling and emailing to inform them of the new situation, we still receieved a new FINAL DEMAND LETTER (bold and in red) just now from another law office in davao the EDC LAW ( europa dacanay, cubelo europa and flores law office.
it's annoying already considering it's the 3rd collection agency ( why cant they just stick to one?)
we're still grieving up until now and it doesnt help when something like this knocks on our door. Im hoping you could help me put an end to these letters.
--i wanted to call them now but i lost my voice and probably a written letter or an email is something concrete.
thank you very much once again...im hoping and praying this new year started very well to all of us here.
__i hope u still remember me. :)
ReplyDeletealso, you mentioned last time to send you an email so we could discuss things only that i dont know where to send it.
thank u very much i hope this catches you well.
Inigo
to inigo,
ReplyDeletethe email add of sir banker is davaoepsa@netscape.net, it is found in his profile.
you can have one on one chat with him in ym, i did yesterday and earlier. just ask for his ym id in your email.
hey, iam just worried because we had receive a letter from one of my moms credit card company, and telling that she will be sued under RA8484 but he irony is my mom died 6 months ago. does her obligation to the credit card company extinguish. the whole family is worried that they may get our property. are the surviving family really oblige to pay the remaining debt. hope you could help us. thanks you
ReplyDeletelarice,
ReplyDeletethere is a creditors insurance ba? so paid na si mom.
they cannot go after you kasi debt is personal.
also, if they file a criminal case (RA 8484) who is there to be prosecuted? si "attorney" naman, basic law yan.
forget it and go on with our lives.
I have the same story as all of you, I wasnt able to pay because I was out of a job, I tried countless of times to make an amicable settlement on my 25000 pesos Citibank CC debt. But after those vultures (Collection agencies) got hold of my account e alam nyo na ang sumunod.. naging 100K na ang utang ko! May tumawag pa nga na Girlfriend ko daw siya! Wow, and to think that the one who answered the call was my wife!
ReplyDeleteAnyway, my question to banker is this, will it affect my application for a loan with Pagibig? Since Iam abroad now. My mom and sis tried contacting Citibank again and tried to pay my original debt of 25000 cash, pero pinagtuturo lang sila kung san sang collection agency. So finally they gave up.
Just last month, my developer emailed me that they found details of adverse findings against me sa MTC Branch 44, Pasay City Sum of money case dated Jan 20, 1995. And to think that I was still in college and have no Credit Card at that time!
Can anyone advise me on what my next step should be?
Thanx in advance sa lahat!
anonymous ( pls. check bulletin ^-^)
ReplyDelete1. You can dispute the CI results
2. the developer is NOT in the business of lending, unless in-house financing yan. this is the first time I heard of developers doing that. LOL!
3. even if you have adverse CI, turn around lang naman yan sa Pag-ibig, which is not interested in CIs. Against your home and benefits ang loans, so fully secured yan.
BTW, I am also into real estate.
Thank you banker for the info. You've really put my mind at ease. nakahinga din ako nang maluwag. Anyway, all of us here wants to settle our accounts diba? The only reason stopping us from doing it is because these CC companies are the ones preventing us from doing it. As I was reading all the posts here one thing always comes up in which where or how do we settle our accounts? And for the other posters "Dont Panic" because there are people out there like Banker who are willing to give well thought out advice diba?
ReplyDeleteAnyway, Thanks again Banker for the much needed advice. More power to you and to all!
good day! i appreciate this site kasi nakakarelate ako sa mga experience nila and at same time nagkakaroon ako ng idea sa pwede gawin ng mga collection firm, ask ko lang po kung ang bank loan na ginawa eh sa ibang bansa, then hindi nakapaghulog possible ba na magkaroon ng kaso here in philippines and for three years hindi nag padala yun bangko ng any notice basta na lang sumulpot itong mga taga collection firm.
ReplyDeleteanonymous, (pls. check bulletin ^0^)
ReplyDeleteiba ang batas sa labas, iba dito. does not apply.
hello sir banker,
ReplyDeletegaya ng iba may utang din akong hindi nabayaran sa HSBC siguro mga 5 months na.ang ginawa ko di ko na sinabi ang bagong cel number ko at sinabi ko na wala akong celfone para walng hassle pero sa email na lang ako nakikipagcommunicate.sinabi ko nong nagemail ako na magbabayad talaga ako pag may pambayad pero sa ngayon wala pa talaga.sinabi ko rin na ginagawa ko ang lahat para makahanap ng pera pero di pa talaga ako nakahanap ng pambayad.kung magbabayad ako ng credit card ako naman ang wala nang makain at di nako makapagbayad ng upa sa bahay.
sir tinatakot na rin nila ako na ang account ko daw is now under serious evaluation and could possibly be endorsed for Legal Actions.pinipressure nila ako palagi pero hanggang email lang dahil d ko naman binigay cel number ko.
ang tanong ko po ay tama ba na di ako magbigay ng contact number gayong my celfone naman talaga ako?
ano po ang pwede nilang gawin sa akin?
ano naman po ang pwede kong gawin?
More Power and May God Shower You More Blessings!
PS: Sir bisaya pod ko pareha nimo taga cebu ko.Nagemail ko sir kanina lang jud.Hinaut nga matabangan ko nimo.Daghang Salamat Sir Banker
This comment has been removed by the author.
ReplyDeletehello banker...
ReplyDeletepaano po kung lumipat na kami ng bahay tapos wala na po silang contact info sa amin.. makakasohan pa rin po ba ako? baka po kasi bigla nalang makita ang mukha ko sa newspaper and hindi na ako makakuha ng nbi o police clearance o makapag abroad... please help po...
if you transferred residence, it is not within RA8484.Iba yung "with intention to defraud" meaning during application, you put a "pseudo-address" then lumipat ka secretly... they can still contact you naman. daming ways.
ReplyDeletebut if they cannot, congratulations.they cant bother you anymore.
file a case?
publish your pix in the newspaper?
they wont; they cant.
utang is a civil case. NBI handles criminal cases.
Thank you po...
ReplyDeleteactually po wala naman intention to defraud kaso ayaw na namin tumira sa haus ng parents ko gusto na namin humiwalay dahil may anak na din kami.
thank you po..
hello banker,
ReplyDeleteI stumbled on your blog and really found it very useful/helpful. I was researching the RA8484, for obvious reasons, im also receiving letters and phonecalls. May I ask, my sister issued post-dated checks to a lending company, now di na nya kaya bayaran, being a single-mom na. what will happen? at kung i-demanda sya gano katagal bago ma-process na ma-i-file ang demanda? at kung magreflect daw ba sa nbi records nya yun? WHAT'S THE BEST THING SHE CAN DO? Please help her, you've helped me with your advises with Credit runaway. I hope you answer this. thank you so much...
nadia,
ReplyDeleteif the utang is covered by PDCs,the lender may file a civil complaint plus violation of BP 22. just attend when called by the court. you will have conference with the lender for further compromise on amount you can afford to pay regularly. since BP 22 cases have been decriminalize, it wont reflect on NBI records.
thank you banker for your reply. another question, what is BP 22? and my sis is asking kung kailangan daw ba nya ng lawyer pa? and what if currently kse she's hiding from anyone whose asking for her sa bahay and she wont receive any mails addressed to her. yung mga tao sa house they say parate she doesnt live there anymore or they dont know her. she's having a hard time right now like everyone else including me we are currently financially challenged...a.k.a. wlp- wala pera. dapat ba receive nya mails and should read them para she knows kung kailan sya attend? magkaroon ba sya talaga ng warrant of arrest? ang hirap kse ng buhay ngayon were professionals working OUR butts, but still puro utang, just speaking honestly...im sure a lot can relate. thank you for your time. have a nice day!
ReplyDeleteNADIA,
ReplyDeleteBP 22 is the bouncing check law. BUT, dont worry. just attend when the court invites you to attend. no need for a lawyer.
if you have no money, that's alright. tell that to the court. it will understand naman.
but if she will not attend despite the invitation, she will be "forced" to attend for her own benefit. the court wants to hear her side of the story.
lastly, you are not alone. even our country is in deep s##t. hehehe...
good day banker...
ReplyDeleteI have read the blogs,this really helps a lot. I know that nobody goes to jail because of debts (which is something good to know). In reference, to the PDCs issued & asked to appear in court. Will it be a formal letter or "SUBPOENA" that will be received? How will i know it is an authenticated documented?
Thanks in advance (by the way, im Nadia's sisted-the latest blog)
God Bless!
kitkat,
ReplyDeletethe summons would be served by the court's process server. it is duly signed by the Clerk of Court. e-mail me if you want to see a pro-forma summons.
hi banker....im so hapi kc nhnp ko to...n experience ko din ang takutin ng hsbc at cnbi n nsa rtc n case ko nghnty ako ng subpoena wla nmn...tpos nung hningan ko ng SOA wla nm pndla...
ReplyDeleteang question ko e totoo po b n pg may utang k s cc e mgkakaron k ng hold departure order kc im planning to leave for singapore pra mkipgspalaran...may loan din kc ko s citifinancial at pdc ang gnmit ko s ksamaang palad dumanas kmi ng family ko ng sobrang financial difficulties, idagdag p ang pnganganak ko...im planning to settle it nmn pero d ung bglaan ung installment p rin...d b ko mhohod nun kc un mdlas ang mrinig ko e... please help me...
only criminal case have HDOs. utang is a civil case.
ReplyDeletesa BP 22 naman (PDCs), just attend if:
called by the court
there is a case
if you are still around
good luck
Hi, banker. mcsmnt here. I got married last quarter of 2006. it took me a while to change name and adddress. i'm almost done with the legal id's and documents. been so busy, being a working wife and all. now i need to inform the credit card company that i changed my residence address. but i do still work in the same company and they do still call me and talk to me there. there are times they send letters there. though i noticed parang walang since before i got married. i do have an intention to inform them. but first i don't know how. i tried to call once (since i have a free phone time during office hours) but they said my account does not exist daw. so i decided to wait for their call if i'm still not able to contact any of them anytime soon since i know they will call me naman. they even have my cellphone number and they do call me there.
ReplyDeleteanyway, the question is can they charge me estafa?
mcsmnt,
ReplyDeletenope. utang is a civil case. check mo "Am I Civilly or Criminally Liable?"
chapter.
your account appears to have been written-off already. Sometimes, good intention alone is not enough. once you contacted the agency, they will view it as another source of their commission.
hello po,,
ReplyDeletenakapagloan po kac ako sa citifinancial, nun una po ay nakakabayad po ako ng monthly bills ko, pero nun mawalan po ako ng trabaho ay minsan po d ako mmakabayad. gusto ko lang po malaman kung ano ang worst case scenario na maari nilang gawin hakbang laban sa akin, kac po ay may tumatawag po sa akin nun una po ay maayos naman po ang paguusap namin pero nitong huli po ay nagiging bastos na po sila at kung ano ano ang sinasabi. hindi ko po nais na takasan ang responsibilidad ko sa kanila pero wala po ako magawa at natatakot po ako sa mga sinasabi nila sa akin. sana po ay mapayuhan nyo po ako...
marami pong salamat..
miss A.
ms. a,
ReplyDeletethe worst thing they can do?
N O T H I N G (except harassment)
even if they file a million case against you ( they wont ; they cant)
if you do not have money/property, that's IT. hinde ka naman nila puede patayin. heheheh.....
Banker, me tanong ako regarding sa change ng residence.ever since kasi ang billing address ko is sa work.when i transfered ng assignment, nagpachange billing adress ako, but ang residence address ko is hindi ko pinalitan.Nagresign ako from work due to health problems and hindi ko na napalitan ang billing address ko. Umuwi na rin ako sa province so wal;a na ako sa residence address ko. Pero natatanggap pa rin ng pinsan ko ang mga bills ko. Tanong ko is, pede ba to gamitin against me? i mean ang hindi pag update ng residence address? Ano best thing to do? Thanks! - tulala -
ReplyDeletetulala,
ReplyDeleteNOPE. unless you left your residence/address "surreptitiously"
Hi Banker,
ReplyDeleteRelated to tulala's query re change of address. When I apply for a credit card, an agent told me na i-address na lang sa relative ko na me landline phone para daw pag nag-CI eh approve agad ako. So I follow the agent's advice, I used my sister's address as my residence address sa CC ko. Tapos ibinilin pa nila na pag me tumawag raw na mag-CI eh sabihan ko mga kasambahay don na doon talaga ako nakatira. Pero nde naman talaga ako don nakatira. So na-approve ang CC ko. Ang billing address eh dito sa employer ko so lahat ng billing statement eh dito bumabagsak. Almost 6 months na ako nde nakakabyad ng mga CC bills ko. Wala akong nare-receive na demand letters cguro kase dahil nde ako kilala sa area na yon n doon nakatira. Nde naman kasisado ng mga kapitbahay nina ate ang married name ko. Tapos nagpalit na rin ng phone number ang sister ko. Ang tanong ko eh reliable ba ako sa RA8484 or defrauding kase ginamit ko ang address ng sis ko na nde naman talaga ako nakatira. Pero nde naman ako umaalis sa current employer ko, ito pa rin ang billing address ko. Me grounds n ba cla to file a civil/criminal case sa akin? Pls. advise po. Thanks!
caprilady,
ReplyDeletewhat you did was WRONG.did you know who told you to tell lies?
they can file a case BUT most probably they wont.
why not try to rectify the "error" by filing an information that your present address is xxxxx " in accordance with your Card Agreement"?
I can't remember the name of the agent who advice to use my sister's address in the application?
ReplyDeleteHow can I rectify the error? How do I inform the CC company about my present address? I'm afraid na once they know it, it will be the start of another harassment for me.
caprilady,
ReplyDelete...then forget it.
you can still be contacted naman sa office.
banker, thank you so much sa mga advices mo. Hulog ka ng langit sa amin - tulala - no more =)
ReplyDeletehello po,ask ko po kc thru email lng po ko ng nkipag usap sa cllection agency,ng dedeposit lng din me s account nila s thur bank,khit hndi po sapat yung deposit ko dun s knilang hinihingi skin.hndi pa ko ngpapakita sknila sa bhay po madalas sila tumawag pro sinabihan ko pg my tumatawag eh wala me hndi n dun umuuwi,mkkasuhan ba ko ng RA8484?
ReplyDeleteanonymous,
ReplyDeletenag-email lang sa yo, bayad ka na kaagad? how do you know they are not impostors?
nope. nag-contact ka nila so, what RA 8484 are they talking about?
SAYANG ang bayad mo. you will just engage in a never ending financial marathon. walang katapusan yan. they will squeeze every penny from you. email me.
hello po,me yung ng post last mon. April 28.kc po ang ngyri 2matwg po sla s province about crdit crd,kya me npo una ng email sknila, s Qatar po issue yun card, bnigay nman po skin statment acct. umabot n utng ko ng QAR37,492.24,my binigay po silng collecting agency dun n daw me mkipg usap kya until now thru email lng po hndi p me ngppkita,s province sinbi ko din hndi n dun umuuwi,wat if kung my agreemnt yug Qatar & Philipns about cc posible b po yun?kc my collcting agent sila d2.ma aapply b yung law stin? or yung law nila s Qaatr maapply stin ?yung mga my card lng po n intrnational,start n po me mg monthly sknila thru deposit khit n alam ko nman hndi sapat, pra lng masabi n monthly mron me dposit,tama po b yun?
ReplyDeleteBanker, may tanong lang po ako.
ReplyDeleteYung asawa ko po ay na isuehan ng wrant of arrest ng isang lending firm dahil daw po sa hindi pagbabayad, ang petsa po sa warrant ay April 18,2008. Pero yung mga resibo po na hawak ng misis ko ay nagpapakita na nagbayad pa sya nung April 19, 2008 sa collector nung lending firm. Tama poba yung ginawang ng lending firm na ipa serve yung warrant ganung nagababayad naman ang misis ko sa kanila sa tuwing may mangongolekta. Salamat po
to allan po,
ReplyDeletenatakot naman aq sa cinabi, ano financing agency ba yan?bakit cla ang ng ppaserve ng warrant db dapat galing sa court yan?magkano po ba utang nia.aq nga ilan beses nko umaatend ng hearing ei, tapos resolve na un case ko galing fiscal opis pero ala pa din aq narrecieve na warrant, db dapat kung ng file cla ng case sabi ni banker eh ddaan muna ng mediator tapos me summon for hearing.bakit me warrant agad??banker pls pki explain naman po,bigla tuloy aq natakot.kc di nko nkkabayad sa mga checks na issue ko.di po ba de-creminalized po un eh bakit me warrant of arrest.pls banker nattakot po aq.tnx!!
sangre,
ReplyDeletebefore you panic, here's the background :
they had a compromise agreement with the provincial branch and has been paying.
Head office naman, thought they were not paying so they filed a BP 22 Case. Since sa province sila, hinde sila naka-attend, so may warrant if you fail to attend (remember?)
its the left hand not knowing what the right hand is doing.
Sir banker,
ReplyDeleteI have the same problem with CC,at may nanakot din sa kin. Nabasa ko din po yun mga previous post, at naliwanagan ako. Regardless of amount po ba, paano kung umabot na sa big amount, pwede po ba nila ipa arrest yun cardholder. Thank you po sa reply nyo.
utang is a civil case, so walang kulong. therefore, walang arrest.
ReplyDeleteyung ina-arrest is yung may criminal case. BP 22 cases ay may arrest if you will not attend when the court calls you. yun lang ang requirement.
RA 8484 is may arrest kasi bawal ang mag-fake ng card and use it (fraud)
"RA 8484 is may arrest kasi bawal ang mag-fake ng card and use it (fraud)"
ReplyDeletepaano po kung hindi ka nakapunta kasi hindi mo po alam dahil lumipat ka na ng bahay...
if a case has been filed against you for "Sum of Money" and you fail to attend, it means you waive your rights to be heard about your side of the issue and judgment will be based on what is available.
ReplyDeletesa RA 8484 naman, since this is a criminal case, a warrant of arrest will be issued.
hello banker,
ReplyDelete2 wks ago I received a call from a J&T forwarding services, ang sabi may package daw ako from USA, sabi ko wala akong kilalang Tony Gao na magpapadala sa akin.Idedeliver lang daw the ff. wk yung package. Kinuha pa nila yung cell no.ko. Then after a week nakareceived ako ng text msg na "1st last summon letter@XXX, plaintiff vs civil case no. XXXor?(preliminary attachment proptery) w/in 24 hrs @judge Manolo Francisco of RTC 32 subpoena will be served by sheriff escobar/spo2 ortis for violation of RA8484 FRAUDULENT ACT OF 199/CRIMINAL CASE ART 315 D RVSD PENAL CODE YOU ARE BEING SUMMONED TO APPEAR IN COURT FOR PRELIMINARY HEARING PLS CALL 02-xxx TO COORDINATE AND LOOK FOR RENE TIANGCO. nashock ako kasi di ko alam na may case pala ako. Nagreply ako sabi ko wala akong alam tungkol sa case na ito. Sabi nung nagtext from RTC daw sya at tawagan ko daw si Rene Tiango ASAP. Di ko tinawagan yung binigay nyang no. nung May 19 ko nareceive yung txt. Then ngayon May 29, may nareceive na call yung office mate ko from Police station daw SPO3 Gonzales at may complainant daw sa akin dun sa station at kailangan kong pumunta or tawagan ko sa cell yung babae. Ang ginawa nung office mate ko tinawagan nya yung binigay na no. at kinausap kung anong problm kasi wala pa nga ako sa office lunch brake kasi. Ang sabi daw nung babae kasi may case daw ako na fraudulent act akong ginawa at pati daw sa company namin. di naman sinabi anong klase yun.Sabi lang tawagan ko yung boss nya or sya para malaman ko. So, Syempre kinabahan ako bakit may police ng tumatwag. Tinawagan ko yung no. at hinanap ko yung boss. Nung nakausap ko sabi ko wala akong narereceive na demand letter or subpoena man lang about the case. Sabi nya di daw ako nagbayad ng bankard ko mga 200,000 thousand pesos ngayon umaabot na sa 600,000. pesos. Nagulat talaga ako sabi ko matagal na yung bankard credit card ko siguro ten years ago na yun at ang natatandaan ko lang mga 10k lang yung di ko na settle at na di ako siningil.kaya akala ko wala na. yung di ko nabayaran pero di naman aabot sa ganung halaga. tsaka di naman ako lumipat ng bahay at nagresign from work nung mga panahon na yun.Tapos tinanong nya kung may check ako at bayaran ko lang daw yung amt. Ano? sabi ko simpleng employee lang ako at wala akong ganung halaga. Basta sabi nya puntahan ko daw yung secretary nya dun sa police station para malaman ko yung complaint.Kung di ako pupunta ipapahold nya ako sa police at pupuntahan ako sa office. ang ginawa ko pinatawagan ko sa Atty. namin yung nakausap kong lalaki na di naman pala atty. at ang sinabi lang naexplain na daw sa akin kung ano yun. Nung nakausap ko yung atty. namin puede akong di pumunta dunm pero para daw malaman ko talaga kung anong klaseng kaso yun punthan ko pero magpasama ako sa kapatid ko. Kaya pumunta ako sa police station at nagtanong kung meron bang nagfile ng complaint sa akin, wala naman daw, sabi baka sa ibang police station kaya tumawag pa sa radio yung police kung meron sa ibang station pero negative naman. Banker ano dapat kong gawin sa mga ganitong harassment? Pls. help me . Thanks.
momo,
ReplyDeletei am very sorry to hear about it.
It is when we are too trusting that we simply believe right away.
You can inform BSP about this panloloko. good luck
p.s.
I will post this as a new chapter for everyone to be aware. hope you wont mind?
Mr Banker,
ReplyDeleteGood Day. Ask ko lang po kung hindi ka na nakabayad ng credit card mo for the past 4 years tapos magaaply ako pero ibang CC company na, is it possible na maapprove ito? kasi meron akong kakilala na-approve ang CC application nya e d naman cya nakabayad dun sa dating CC company.
Just asking po.
Thanks
confusedCC,
ReplyDeletethe answer is there in your question. YES.
have a happy weekend.
hi banker, your blog helps me a lot.I have an unpaid CC,that was ten years ago,ask ko po f pwede akong iaaply ng husband ko as supplmentary cardholder?Were also planning to migrate in canada,Will it affect our
ReplyDeletevisa application?tnx in advance.
answer to both - Y E S
ReplyDeletesir,
ReplyDeleteyour answer to 2nd question of anonymous on effect on visa application for immigration to Canada - yes ba talaga,how?
ms hopeful,
ReplyDeleteuh oh...
I was thinking VISA CARD. naturally, if you apply one and you tell me you are migrating, I wont approved it.
visa lang pala heheheh....
Maybe i was just to sleepy yet or my hang-over got really over me.
sowi...... the answer is NO.
Sir,
ReplyDeleteI'm really glad to find your blogger.
Yung question ko po baka ilang ulit na naitanong sayo pero gusto ko lang ulitin para mas sigurado.
Andito ako sa ibang bansa at bago po ako umalis sa Pilipinas, 6 years ago, meron akong naiwanang 3 CC na hindi ko nabayaran lahat dahil sa kakulangan sa pera dati.
Balak ko na sanang umuwi sa atin so gusto kong malaman kung advisable pa po ba na isettle ko lahat ito bago ako umuwi.
Wala naman akong natanggap na any document na may kaso pero alam ko lang tawag sila ng tawag sa bahay namin dati.
Ano ho ba ang pinakamagandang gawin? I am willing to settle it kung kailangan pero before doing it I have to make sure na hindi nila ako basta na lang pupulutin at ikulong.
Should I call them one by one to make an arrangement. Please advise me what to do.
Thank you very much and more power to you and your family.
follow up question po pala:
ReplyDeletePag umuwi na po ba ako and open an account with another bank, can they get it?
Thank you again.
dont resurrect what is obviously dead.
ReplyDeletethe collection agencies are there to collect the "noncollectable" receivables for a commission.
here's what would most probably happen:
1. you contact them, now, they have found a new source of their commission without really trying.
2. they will not budge on their "demands" citing filing a case and starts harassing you until you give it.
3. you go to the bank? they will just refer you back to them. they are no longer interested in your account.
Maraming salamat po sa sagot ninyo. Ako nga pala yung Anonymous na pinakalatest mong sinagot dito.
ReplyDeleteIngat and God bless.
hello banker,
ReplyDeleteI have a loan with asialink but since bumagsak negosyo namin di ko nanabayaran. My cousin said I have a warrant of arrest. My question is how did they do that di po ba yung sa mga loan with pdc ay BP22? please help...
DAD
to dad,
ReplyDeletehi welcome to diskarte, sign off po si banker, am just a volunteer staff, please email him , his email address is shown in the diskarte bulletin,
in my opinion, utang is a civil case, baka di po warrant of arrest yun, maybe summon lang. check it out kasi it may just be false threat and intimidation.
thanks for your info.. pero ako first time card user tapos ganun pa ginagawa nila. honestly, i never intend na d bayaran ang utang sa knila.. pero as of this time, ala pa talga pera coz my father need the money for his medication due to kidney failure (stage V). My sister texted me and told that i have a demand letter from a law firmof citibank saying that my current debt is at around 44k, thinking that i only have 36k credit limit.. pano nangyari yung ganun? and do you think it would be great kung tawagan ko cla.. and inform them na d ko pa kaya magbayad as of now? pls help me.. kasi nanamlay na ako sa ganitong prob.. parang ang bigat and ang sakit ng ginagawa nila.. pls help me.. para nman po makangiti ako uli kahit sandali...
ReplyDeleteQuestion:
ReplyDeletePapano po malalaman kung me case na nakafile sa iyo?
say wala ka landline? you have not received the subpoena?
Dear Banker,
ReplyDeleteNabasa ko na po yung blog niyo about credit card at medyo nakahinga ako ng maluwag. Pero may isa pong bank na standard chartered na tlaagang pinangatwanan ko ng di mabayaran dahil sa kabastudan ng agent na may hawak ng account ko ng mdelay ako ng bayad. Andon sinabi gagamit daw akong credit card tapos di naman daw ako marunong magbayad. Dpat inuuna ko raw yun at maraming salita pa akong natanggap kaya napika ako at di ko na talaga binyaran. Andoon na nagmimiscall pa sa akin at nang-aasar. Tumawag na ako sa standard at sinabi kong palitan ang agent na may hawak ng caard ko.Pero siya pa rin ang natawag at bastos talaga kasi bakla.Ngayon may nagpadala na sa akin ng demand letter galing sa Domingo & Molaer law office at laki na ng balance from 65 naging 101,205. Sabi nila pag di ra ako nagbayad within 5 days mag fifile sila ng charge sa akin ng civilly charge for collection of sum of money, before regional or metropolitan trial court of makati. Final demand na raw po yun. maedyo natakot po ako kasi maganda yung papel nila at nakalagay pa yung branches nila all over philippines. Ang name niya Alexis Molaer former member of house of representatives. Ang office na binigay nila Lex Citadel No.7 la salle st., cubao, quezon Totoo na po ba ito. magkakaroon po ba ako ng kaso sa makati tulungan niyo po ako. kasi masyadong madada ang agent e.
(sorry i just dont know where to post this concern)
ReplyDeleteHI Banker,
Sobrang sobrang worried po ako kc may pupunta daw sa haus with warrant of arrest for me because of failure to pay may credit card debts. I got the txt msg yesterday and nakalagay dun sa txt msg:
A warrant of Arest should be served agaisnt you at (address)for violation of ra 8484 credit abandonment law - falsification of documents and deleberately deceiving the bank. Case no. #########. Kindly call Nbi-Manila office at 5268231 or txt back to this number - Atty. E Calixto
natatakot po ako kc may case no. na, and they are also asking me to call NBI pa. Ilang beses ko na din po kcng na ignore mga calls ng collector agents and letters from their legal office.
Im so worried! Please HELP!!
confused,
ReplyDeleteone of the panloloko ni Mr. Collector. of course, di yan applicable sa yo.
Dear banker,
ReplyDeletebaka po pedeng bigyan mo po kami ng sample kung pano gumawa ng letter n makikipagsettle ka in monthly basis sir. plsss..
mr. paranoid,
ReplyDeletecheck mo "Sample Pro-forma Letter" chapter. also " Paranoia Prescription" - just ask for an SOA first.
Good day banker!!
ReplyDeletemeron po akong nabasa sa mga previous blogs n hindi nman magrereflect sa NBI clearance kung may mga deliquent credit cards. Gusto ko lang po talagang iconfirm yun. Pano po kung may pending case ako n sum of money, hindi po magrereflect sa NBI ko yun?
Isa p po banker, may plans po kmi ng asawa ko n magmigrate n sa canada, pero pano po kung blocklisted n kami both sa BAP. Does it affect our plans? machecheck p po b yun ng candian embassy?
looking forward to your earliest response. thanks -rymzel
rymzel,
ReplyDelete"Sum of Money" cases are civil cases. walang pakialam doon ang NBI or Canadian Embassy.
BAP is also not interested.
Thanks Banker for your reply.
ReplyDeleteI'm a little bit confused regarding your answer bout the BAP is not interested. Clarify ko lang po question me. Ask ko lang po kung hindi po kaya mag crecredit verification sa Bank Association of the Philippines ang Canadian Embassy.
Kasi po as far as i know pagnaging deliquent k sa cards mabloblocklist ka sa credit card associated then after sa BAP.
thanks for answering my queries.
God bless.
- rymzel
anonymous.
ReplyDeleteI also recieve a letter froma law firm, sabi nila i will be charged of ra8484, because i intentionally abandoned the place of residence without informing the bank pero narerecieve ko naman mga letters nila dito sa office and hindi din naman ako permanently lumipat ng bahay kasi bahay ng mga relatives ko pa rin yun and i still go home their weekly, sabi nila i'll be arrested ny the police authority and magkakarecord sa nbi and bsp. is that true?
rymzel,
ReplyDeleteCanadian Embassy, or any embassy, does not do credit checkings. Hinde naman nag-papautang ang mga iyan. hehehe.....
BAP is association of banks. credit checkings are done by individual banks thru CIBI. it is up to individual banks na.
ANONYMOUS,
ReplyDelete1.if you can get an ID, better.
2.you leave your place "surreptitiously" kasi you faked your address/info.otherwise, that is just a normal transfer. no big deal.
hi banker
ReplyDeletecc scared ulit,nandito naman ako kc kaninang umaga lg my tumawag sa akin na law offices daw sya ng hsbc,kc until now d pa ako nakapag bayad ng aking utang sa cc ko,umabot na ng 54k yung utang ko samantalang 29k lg ung cc limit ko.so, sabi nya sa akin kanina dapat na daw ako mag bayad kc napakalaki na daw ng utang ko,kailangan na nilang mag kolect daw ng aking payment at pini presure nya ako na mag bayad kahit 5000 lg,so sabi ko kolang pa ung fund ko,anden nagagalit na sya,tumataas na ung boses nya,so tinaasan ko din sya ng boses kc gusto nya akong mag bayad kahit wala akong fund sa ngayon,sa sobrang inis ko,binabaan ko sya ng telepono kc sya pa ung nagagalit samantalang sa hsbc ako may utang at hindi sa kanya.pagkababa ko ng phone tumawag sya sa bahay at ang misis ko ung naka sagot at ang bastos ko daw kc binaba ko ung phone anden sabi pa nya sa misis ko na mag file sila ng kaso laban sa akin tapos sabay baba ng phone.so bastos din sila..totoo po ba na mag file sila ng case laban sa akin?tnx...
cc scared,
ReplyDeleteThey are a collection agency. if they can file a case, di sana tawag sa kanila " litigation company" hehehe....
they wont; they dont ; they cant.
hi, ive been reading dis blog to clear this up re ra8484, i have an existing debt with hsbc, and just 3 weeks ago, i received a demand letter stating that a civil case was filed against me for not paying hsbc. and giving me 5 days from receipt of it to settle the account.
ReplyDeleteask lng po, is there really a case filed against me? will i be in prison if i cant pay?
i know, obligation ko pong mag bayad pero in as much dat i want to settled it, ala tlaga me pam pay sa knila kc out of work ako and been trying so hard to find one pero ala pa tlaga luck.
' i really need an expert advise here. tnx..
anonymous,
ReplyDeletethe answer is N O
Hi banker, thank you for this blog it is very informative.
ReplyDeleteMy concern is I have an outstanding loan and filled out pdcs as part of that. I have been paying on time for the last year on a 2-year loan but my father passed away recently and I had to attend to that, also while transferring to a new company. I had missed 2 payments now but I am willing and able to pay for it and continue to pay on a timely basis by next month.
Although the creditor has not contacted with regards to this, I have heard that they deny payment if it does not include late fees. I have no problem paying the 2 months I owe but preventing me to pay because it is not "in full"? Is there any truth to this? Also, as I understand correctly from the previous posts, BP22 is decriminalized and if they have the gall to send a summons, all I have to do is show up and present my case? I plan to call them post-haste to discuss this matter and see if I can intimidate them for a change.
borgy,
ReplyDeletecalling them would just frustrate you
just wait until the court invites you. there, you will have compromises pa rin. but this time, may kakampi ka na - si Judge.
Hi Banker,
ReplyDeleteI have resigned from work last January this year. i have a Citibank CC(20k), and an HSBC personal loan(half of the term was already payed via salary deduction).
Citibank kept on contacting me, and i agreed na to pay under their AMNESTY program where I am paying 700/month for 4 years.
About the HSBC personal loan, i was not contacted for several months, i didnt know how to contact them. The HR from my previous company told me to give them my number but due to my celfone's broke and i still dont have the means to buy another, i dont use the number anymore. Im sure they could contact my landline anyway, diba. but there were no calls/letters whatsoever. Until last month, a letter from MOLAER law firm was handed to my sister (although i was at my house. my house kase was at the back of my mother's) dated May pa came stating they were contacting me daw and i refused to reply, that they will be filing a legal action against me if i dont pay the full amount.
so i emailed them as it was stated on the letter. i told them of my current condition why im not able to pay them: i resigned due to recurrent dizziness and want my health condition back. and i am currently pregnant, that is why i am having hard time to get employment.
Then they gave me payment options pa rin inspite of my inability to pay. pero i told them i cant select from the payment options, and told them i can pay maximum of 2k per month (the most) beginning august. but they replied its ok to pay 2K for 3 months beginning july 20, and the rest of balance will be payable in 9months.
but i really dont have the means to comply with that.
And, just last monday i received their letter dated June 25 stating Formal Demand for Payment, that if i dont pay they will sue me of RA 8484 Defrauding of Creditors.
Is RA 8484 for Personal loans din? I read on your previous posts that its onlt applicable for CC diba? can they sue me that? and if i am unemployed, can they pressure me to pay? is there a law that can be sued against me? will my husband be liable for the loan? can they take away my assets? kase on their first letter to me they know daw that my assets are enough for them to use to cover the payments.
pls shed some light. thanks in advance. your answers will be a great help.
-Unemployed Mom
Unemployed Mom,
ReplyDeleteRA 8484 is applicable for people who use fake credit cards or faked their documents info.
back read mo Paranoia Sypnosis chapter and then go to Paranoia Prescriptions.
see the Golden Rules there.
regards.
Banker,
ReplyDeleteI'm new in this blog, and was really enjoying all the quality comments.
I'm from Cebu and also delinquent payer from Citibank CC. I have an outstanding balance of 50K plus, and was able to agree with the bank/ collection agengy that I will pay 500/mo. I'm now paying this for about a year, and my billing when we had this agreement had reached 112K plus. My question is, is it worth continue paying this much?
Hoping for your reply.
Thank you in advance
bran 007,
ReplyDeletesorry to disappoint you.
the answer is N O.
Was there a formal agreement?
Are you sure you owe citibank P50 thousand, because the collection agency said so?
are they even authorized by citibank?
where do you give your payments? any OFFICIAL RECEIPTS?
go to Paranoia Prescription then
Caveat chapters.
good luck though.
banker,
ReplyDeleteI was able to read Bran007 concern,
what will happen if he will stop paying the bank? Considering that the agreement was only verbal.
Thanks,
vanvergz,
ReplyDeleteNOTHING.
the agreement is void from the very beginning.
the bank can even deny there was no such agreement!
Banker,
ReplyDeleteI am new in this blog. I read this blogs last saturday and mga half day then ako nagbasa. Kasi some of the problem here were the same as mine. Meron ding nagtxt sa akin si Mr Allan Pineda (sounds familiar)ang txt nya sa akin ay " You are being charge for a Civil Case, WARRANT OF DISTRAINT to serve against you by CLERK OF COURT ALLAN PINEDA MTC. Pls call 023765253 ATTY BELTRAN to hold the issuance of the said warrant." Tanong ko lang po ano tong WARRANT OF DISTRAINT? Is this a legal term?
Saan po itong MTC?
Pag naraise ang case na kagaya nito for example sa Makati at nasa Cebu po ako. Kailang bang akong pumunta doon para lang present ako sa case na yon?
hi banker
ReplyDeletecc scared ulit,last week naka recieve uli ako ng tawag galing sa collection agency ng hsbc,ibang agency naman ung tumawag sakin, sabi ko sa tumawag sakin kg sino ung tumawag sakin na bastos last tym,at ang sagot nya d nya alam kc ibang agency naman daw sila at sila po ung last agency na humahawak sa aking account,parang tama sya na ibang agency naman daw sila kc after that call mga dalawang araw i naka tanggap ako ng letter galing sa ibang agency naman,so ng mag usap kami ng tumawag sakin , sila daw ung 3rd at huling agency na huhawak sa aking account,sabi nya after nila pag wala paring resulta i bank na raw ung mag diside kg ano ung dapat nilang gawin sa akin.mag pa file po ba ng case ung bank sa akin?salamat banker
cc scared,
ReplyDeleteexcept for two banks, the others are not as greedy as them. no, they wont.
Banker,
ReplyDeleteNeldon_CC po ito, regarding po sa question ko last post ko about WARRANT OF DISTRAINT... Kasi meron na naman akong natanggap na txt kay Allan Pineda na naman. Na I pafile na daw nila ang WARRANT OF DISTRAINT within a week since hindi na man daw ako nagcooperate kay Atty Beltran AIG – Legal Dept. I am being summoned daw to appear in the court. Then sabi pa pls call daw to hold issuance.
Tanong ko lang po:
1. Ano yong WARRANT OF DISTRAINT?
2. Pag naissue napo yong summone sa MTC daw yon. Pupunta ba ako? Taga Cebu po ako… hindi po ba pwede sa Cebu na nila i file?
3. Do I need to call the number of the said Atty? Sa ngayon po deadma ko lang waiting for your advice.
Anong gagawin ko ho?... Please advice ho banker to clear up my mind. Kailang ko tulong nyo kc wala pambayad sa ngaun
Thanks and God bless this blogs…
neldon_CC,
ReplyDeletedont take them seriously
Warrant of Distraint is for settlement of TAX deficiencies w/ the BIR.
Banker,
ReplyDeletePasensya na ho napost ko ulit yong tanong ko. Worried na talaga ako i kc iba ang problema ko kay sa nakapost (hehehe).. Meron kana palang sagot sa tanong ko... Thank you ulit po. Alam nyo marami na akong natutulongan din nga mga officemate ko nga pareho din ang problema nila sa CC na yan. I did transfer all post comments under RA 8484 to MS word then send to them via email sa aming company. Kasi hindi po lahat dito may access sa internet. Parang ATTY na ako dito e hehehe ..joke lang. But I share this website to them. Thank you ulit po.... Thank you. Sa uulit po.
neldon_CC,
ReplyDeleteI am to hear that.
IF you were blessed by the blog, maybe your group can spare maski P10.00 lang para sa one-day breakfast ng street children natin?
Banker
ReplyDeleteI will share this to them. Pero paano po?
its on the right side of the blog - GCash.
ReplyDeleteSa mga bloggers,
ReplyDeletePatulong naman dyan. Hindi ko alam pano magdonate using GCash. Paki post lang po yong procedure para sa nakararami.
THank you so much all..
good am Sir Banker...
ReplyDeletemaari po bang magtanong sa inyo?
may work po ako sa ngayon... pero hindi sapat para mabayaran ko yung mga credit cards na pinagkakautangan ko...
lagi po akong tinatawagan sa work... sa bahay...
eh wala pa talaga akong sapat na pera to settle all my debts...
may nagpadala na sa akin ng demand letter at may tumawag sa bahay at sabing ipopost daw sa newspaper ang name ko together with my picture...
may nagpadala na rin sa akin ng SMS na nakafile na po ang kaso sa akin sa MTC branch... atty morris po ang name ng palaging tumatawag sa akin...
ano po ba ang aking gagawin...
natatakot at medyo naguguluhan na po ako...
please help...
thanks...
worried bugoydos
worried bugoydos,
ReplyDeletego to Paranoia Sypnosis chapter or
you can go to our wordpress site, type mo sa search bar kung ano hinahanap mo.
say the magic words - SUE ME.
tingnan mo, they will try to discourage you. why? they wont, they dont, they cant.
I can easily tell you I'm also Atty. Morris
Hi Banker!
ReplyDeleteLike those who posted here, credit card problem din ang i consult ko. I think sometime in 1998, I lost my job at may outstanding bill ako with BPI someting like 60T? so since then di na ako nakapagbayad. Year 2000, may na receive ako na summon from MTC for that civil case for sum of money at umabot na sa 140T ang outstanding because of penalties. I signed a compromise agreement with the collection agency to pay for 8T for 3 year per month at inapprove ng court ang settlement but di ko talaga nakayanan ang magbayad each month so 3 months lang yata ako nakapagbayad. Then may bill na dumating sa akin demanding to pay the entire amount which balooned to more than 500T! Aba! di na ako nagbayad since then. My Question is am I criminally liable? Makauha pa ba ako ng NBI Clearance? I hope You can share some ideas to me
Thanks!
hi banker...
ReplyDeletegandang hapon po, sori at ngayon lang uli me nakapagreply...
salamat po ng marami at medyo nabawasan ng konti ang aking pangamba...
salamat po ng marami... sana dumami pa ang taong tulad mo!
worried bugoydos
Banker,
ReplyDeleteGusto ko rin po sanang humingi ng advise sa inyo regarding my loan w/ Chinatrust. Marami-rami na po akong nabasa sa blogsite nyo regarding different scenarios for cc and loans, and this is my case. I have issued 24 pdcs to chinatrust for the monthly amortization of my loan, smooth payment po for 1 year but then ung 2nd year nababayaran ko pa rin po naman pero delayed na. Every 12th of the month po ang date ng checks pero nababayaran ko po sila ng katapusan na. Before napapa-adjust ko pa sa kanila thru fax ung pag delay ng deposit ng checks but then after around 5 times, hindi na daw nila tinatanggap yung ganung sistema kasi napagbigyan na daw nila ako. As a result, may ilang months din na nagbayad ako ng penalty pag nadedelay. They would always call me to check if I was able to pay for the month until nawala ung mobile ko so hindi na nila ako macontact. Masyado akong na sstress pag tumatawag sila kaya hindi ko na binigay ang bagong number ko sa kanila. Yung address din na nilagay ko sa application form ko sa kanila ay dun sa dati kong boarding house and for sure marami nang demand letters ng napadala dun. Three payments na lang matatapos na ang loan ko sa kanila, I never called them pero every end of month binabayaran ko ung amount sa bank. Ang question ko lang po banker, okay lang po ba na tapusin ko na lang ung last 3 payments ko w/o contacting them kasi for sure pag tinawagan ko sila they would say na i will need to pay penalties and other surcharges. And one more thing, pwede ba akong makulong since baka nagpadala sila ng notice to attend court dun sa boarding house and since wala na ako dun, magiging grounds po ba ito ng pagkakaulong since failure to show up in the courts?
Hoping for your immediate reply.
Hello Banker good day po!I'm a good payer of an HSBC card for more than 4 years until this year when I got terminated from work last May 2008 that I haven't been able to pay them.They have already forwarded my case to a law firm.I requested for an amnesty.My debt is already 35,000 because of interests.They said if I won't pay 20% of the debt they would file a legal case.No amnesty will be given.I'm so afraid that this might affect my job hunting effort.can i still get an NBI or police clearance because of this?I really need to find a job because I have 5 kids but until now I'm not lucky enough to find work.Will they really send demand letters?will I be imprisoned?Pls.help me.Thanks and more power.
ReplyDeleteAntonette0719,
ReplyDeleteutang is a civil case, therefore:
- walang kulong
- walang NBI
- walang police
Hello Banker,
ReplyDeleteTanong ko lang sana, hindi po credit card ang problem ko, asialink finance corporation po, nagloan ako sa kanila at nagrenew ng magsabay-sabay yung malas ko sa buhay, ninakawan po ako ng 5 employee nagsabwatan, ng malaman ko at kinausap sila tungkol dito, nag alsa balutan po sila lahat at ipinasadiyos ko na lang, may dalawang pwesto po ako nuon, yung isang may-ari ng ng pwesto ng tindahan na inuupahan ko naningil pa ng dagdag na bayad sa renta na wala naman sa kontrata, gusto nya ako ang magbayad ng VAT nya eh sa kontrata ang nakasaad dun ay yung witholding tax lng nya ang babayaran ko at hindi pwede ideduct sa renta na sinisingil nya, yung is naman pwesto na inuupahan ko pinadlock yung lahat na gamit ko sa tindahan mga worth 200k po yun over sa utang ko sa kanya na 5k + lang na delay sa rent, tinatakot po ako sa abogado nya at mayaman po, grabe po ang sama ng loob ko nuon, pakiramdam ko bumagsak yung mundo sa akin. Yung asialink naman po, nagtataka ako, pinakasuhan nila ako ng BP 22 eh nagbabayad naman ako, at isang cheke lang kasi last payment ko na sana yun. May collector po silang naniningil sa akin, at kinasuhan na ako agad ni wala pa nga yung due date ng utang ko, kasi inextend yun kasi sinisettle ko nga. Bale yung pinafile nilang BP 22 sa akin hindi na exact amount yun kasi nagbabayad nga ako. Pindalhan po ako ng mga sulat na dinedemanda na nga ako, tapos may tumatawag at nagtetext na may warrant of arrest na ako. Sa sobrang sama ng loob ko tinigil ko na magbayad kasi ipakukulong naman pa rin pala ako kahit nagbabayad na. 12k+ lang po yung check na na close account, at itinawag ko pa sa kanila yun na wag ihulog kasi close na nga, inihulog pa rin at kahit nagbabayad ako pinakasuhan pa rin ako.
Naging depressed po ako dahil dito, taga cebu po ako, kinakasuhan ako sa manila and court, sabi ko paano ako makakapunta dun eh walang-wala na nga po ako, yung kakaunti kong pera eh binabayad ko pa sa kanila kesa kumain.
Sinerve po sa akin yung warrant 2 days ago lang, nagbail po ako. Grabe po ang sama ng loob ko sa mga taong eto, yung collector po nila dati kung manigil pa sa akin ina-anunsiyo pa sa mga kapit-bahay kung makakatok sa amin at minsan po alas 5 ng umaga naniningil na. Simula po ng grabe nilang panghihiya sa akin bihira na po akong lumabas ng bahay, feeling ko ang liit-liit ko sa paningin ng tao. Magmula po ng maserve sa akin yung warrant mas naging grabe po yung takot ko na lumabas. Nagkukulong na lang po ako sa kwarto ko.
Nakausap ko po dati yung atty nila sa manila, pinkaiusapan ko po pero grabe po kung magsalita parang wala na akong pag-asa sa mundo kung pagsalitaan nya.
2 months ago, napagpasiyahan ko na kumunsulta sa psychiatrist kasi kahit napakaliit na problema di ko na kinakaya, nadiagnosed po ako ng dysthymia (chronic depression) at umiinom po ako ng anti-depressant daily mga 2 buwan na dahil po sa mga taong eto na parang walang diyos kung humiya ng tao.
Hi Banker,
ReplyDeleteSalamat at may ganitong site na marami kaming natutunan at marami karing natulungan, Anyway, may isang tanong lang po ako, may demand letter napadala sa akin, and kung hindi ko daw ma comply mag file sla ng kaso sa Makati trail court, "if ever mag file", do i need to visit makati trial court, granting na dito ako sa province which malayo.
thanks po.
good day banker!thank you po sa reply!at least ngayon confident akong makakapunta sa NBI at Police para kumuha ng clearance. thank you po talaga! sana marami pa kayong matulungan na katulad ko. May God prosper you more and bless the works of your hand! May you be filled with more wisdom and knowledge.
ReplyDeletehello banker ako ulet.I'm sorry if makulet ako.nakalimutan ko kasi itanong to eh.I'm living with my in-laws right now.So kami ng husband ko walang sariling mga applicances or gamit.Meron lang motorcycle na binabayaran yung husband ko every month.Gamit kasi nya sa work sa bukid.can they also take the motorcycle away?Can the collection/law office take the things of my in-laws and husbands motor?pasensya na sa tagalog ko banker kasi cebuana ako.
ReplyDeletenext time, tapon kaagad without opening it. sayang ang araw mo. you have other better things to do.
ReplyDeletepila man diay utang mo? if the bike is worth P60 and your utang is P20 di
ReplyDeletemay sukli ka pa? heheheh....
worry that later on. daming diskarte dyan.
hello sa lahat,
ReplyDeletealam nyo po, wala nman tlagang nakukulong sa utang. At tsaka di ka naman mpipilit kung wala kang pambayad...Yung iba nga, milyon-milyon ang utang, napipilit bah clang magbayad? Mai iba pa, merong collateral pa ang utang, di nman ngagarnish ang guarantee.Eh, kita pang ang liit lng ng utang natin kumpara sa kanila, pag-aaksayahan pa kayang dalhin sa korte ng mga creditor?Napaka-unfair kac sa atin, tayo ang pinipilit magbayad...Dba banker, di nman ka talaga mpipilit magbayad kung wala kang pera?...
secret,
ReplyDeleteyou are right.
if before yung umutang may pera pa.
then now, he can hardly feed himself,
what can you squeeze from him?
that is where our morals come in.
hello po sa lahat lalo nah kai banker,
ReplyDeleteAlam nyo po, wala nman talagang nakukulong sa utang. Tsaka di ka nman mapipilit magbayad kung wala kang pera. Ang iba nga, milyon-milyon ang utang. Eh, napipilit bah clang magbayad? Merong iba, meron pa ngang collateral ang utang nila, eh nababawi ba un ng mga creditors. eh, kita pa kayang sentimo lng ang utang natin kumpara sa kanila, ppilitin tayong magbayad? Napakaironic at napakaunfair kac ng buhay, ba't kita ang pinipilit? Dba banker, 22o nman nah hindi ka talagang mapipilit magbayad sa utang mo. Talo kau kung magpapatakot kau sa mga collecting agencies na yan. Wag kaung maintimidate kac lalo kayong ipepressure lng ng mga yan...
hello sa lahat lalo nah kai banker,
ReplyDeleteKung ako sa inyo, itago nyo nlang yung mga pananakot nah letters ng mga collection agencies. Pwede nman yun yang mgamit para magsampa ng intimidation. Mai chance pa kyong mabayaran ng damages. Illegal nman talagang manakot ang mga yun. Tsaka, kung magfile cla ng kaso, bayad palang sa attorney, lagpas nah sa utang nyo...Sino nmang loko-lokong gagawa nito. Dba banker, totoo nman ito? Yan kac ang advise ng friend kung lawyer. Basta, wag kayung magpaintimidate sa kanila, o kung matakot kau, wag kaung magpahalata kac the more kaung takutin ng mga yan...Stay calm and relax. Be brave. Learn to fight.
hello banker,It's me again.thanks sa payo.sabi ng collecting agency umabot na daw sa 35,000Php yung utang ko.hehehehe!pano kaya nila na compute yun?Last month lang eh 22,000Php tapos biglang ganun!wow naman!pano kaya nila na compute yun?
ReplyDeletesalamat sa payo banker ha.sana matapos na tong Kalbaryo ko.I have learned my lesson nah!More power at more wisdom sayo banker!God bless the good works of your hand.
banker I forgot,Kanino po ako makakahingi ng HSBC cc SOA ko? :) thanks po!
ReplyDeleteantonette0719,
ReplyDeletedoon sa account officer mismo ng bangko, not from the collectors. they do not have an idea how it looks. hehehe....
hello banker! thanks po!
ReplyDeletegood day banker!!!
ReplyDeletemy story.. civil case no. at makati rtc. xxx--xxx--xx my name vs. metrobank....... the will serve the SUBPOENA for me to appear inc ourt.. they will send it to my province's RTC and some sheriff and police officer will serve the subpoena.... after 2 days, a girl called and said that the were coming to my town to serve the subpoena...
QUESTION: is this really true or should i bluff them and see what there reaction is? really need help. I really am about to make small payment.. need your answer as soon as possible... good day!
VBC
not true.
ReplyDeletecivil case pero subpoena? heheheh...
summons hijo, summons ang tawag jan.
they are like kotong cops.
dont pay. its a scam.
gud day poh.....
ReplyDeletetanong ko lang poh,,,, apektado poh ba ung nbi clearance mo pag nag file ng case ung taga credit card compny.......kc d ka nakabayad ng bill mo dahil sa kapus ka ngaun.....in voilation of RA8484...... is RA8484 a criminal case........
nbi handled criminal cases. utang is a civil case.
ReplyDeleteRA 8484 is a criminal case. they were crafted primarily for people who fake or use faked credit cards.