Can't afford to pay my car loan

[hanzuy]

Good day po sa inyong lahat! May tanong lang po ako. Almost 8 months palang yung car since hindi ko na sya kayang bayaran ipapareposes ko na lang. May babayaran pa ba ako if nareposes yung car ko?

[shadow]

Wala na.

Oh stick to the topic tsikoters

OP already made up his mind na surrender na yun car.

No more replied like Hiram ka na lang Sa relatives or friends or mag personal loan, hanap ng mag assume balance.

I'm sure yan lahat ginawa na ni OP and no dice. So long story short he decided pa-reposses na lang niya.

Alam niya yun consequences ng pag surrender ng car sa bank.



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[yebo]

park mo dun sa naia terminal 3 level 2. wala na dun yung fortuner yan naman ipalit mo. tapos report mo na na-carnap.

[XTO]

Hayaan mo na hatakin tapos share mo dito kung ilang mos from last hulog mo at sasapitin mo sa bank.


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[WallyWest]

Makiki-ride lang sa thread na ito. Actually, I can still afford to pay but I'm thinking of "restructuring" our finances to make room for a housing loan.

A dumb question but what exactly are the consequences if a car is repossessed? If I give up the car, will it still count as repossessed? Will it ruin any future loan (personal, housing) applications even if your monthly income suggests that you are capable of paying?

If I decide to sell my car na "assume balance" , will it have the same consequences as getting the car repossessed?

Tapatalked

[ninjababez]

A dumb question but what exactly are the consequences if a car is repossessed? If I give up the car, will it still count as repossessed? Will it ruin any future loan (personal, housing) applications even if your monthly income suggests that you are capable of paying?

If I decide to sell my car na "assume balance" , will it have the same consequences as getting the car repossessed?

Tapatalked

not sure kung masasagot ko ng tama yun question mo bro, pero ako kasi alam na ng bank na boss ko na nagbabayad nung auto. pero pwede parin ako kumuha auto-loan same bank, less than 1m na nga lang daw.

[miguel20]

IPA ASSUME MO SIR! Wag na wag mong ipa repossess cause you will never be able to apply for a loan ever again. You will be blacklisted na. Find someone whom you trust to assume the car.

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[cast_no_shadow]

Yup repo = denied future loan applications

To think your reason is to get a housing loan.

Assume balance na lang, okay if the buyer is paying in cash na para pay-off mo na lang loan.

If financing din, talk to your bank ask for options.


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[_Qwerty_]

pag na black listed ka hindi na yata natatanggal don sa list.. so kahit anong klase loan in the future.. denied yan..

[sirkosero]

Usually 10 years if im ot mistaken.

Some banks 5 years black listed

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