HELP: Ilang months before mahatak ang loaned car?

[Jenstar]

Yeah you're not telling us something. No bank will release a car without all the checks being written out to it in advance.

And the bank never tried to contact him in advance? Before this legal letter arrived? Banks dont work that way. You can be assured they will call you looooong before it gets to this legal stage. Its very hard to believe your story.

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Hard to believe agad sir? Baka po kasi sa dating bahay nadating ang notices pano namin malalaman e walang natawag sa boss ko ultimo ung ahente ng sasakyan di na makontak ngaun para humingi ng tulong

[_Cathy_]

Since they have 2 years worth of untouched car payments, that's a huge chunk to give to the bank na rin. Mag negotiate na lang baka pwede bawasan penalties.

[StockEngine]

2weeks nag wawala na mga banks.. after 24months lng nila nalawan wala payments? hmmmmmmmmmmmmmm

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[cast_no_shadow]

Hard to believe agad sir? Baka po kasi sa dating bahay nadating ang notices pano namin malalaman e walang natawag sa boss ko ultimo ung ahente ng sasakyan di na makontak ngaun para humingi ng tulong

Actually oo hard to believe talaga.

Asan ba si boss mo? Bakit ikaw sumasakit ulo?

For 2 years no payment, kahit active yung activities sa bank account niya eh alam mo pa rin galaw ng pera mo diba?

Nangutang siya, due diligence niya to settle it. He enjoyed ata na hindi siya siningil at hindi rin siya ininform?

Labas na ahente mo dyan, ahente only sell cars after that tapos na trabaho nila.

To cut it short. Talk to the bank and pay everything.



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[dr. d]

Ang hirap mapag abutan ng problema sir. Sabi ko nga bka pde bgyan kmi ng time makapag ayos. Thursday sila nagpunta and then bayaran ndw sa lunes. Nsa 1.3 ung pinapa settle samin para sa innova

yes, that is how they are, po. you miss on the monthlies, and they demand full payment or they take the car away.
my suggestion is, "bluff."
"we can talk it over and re-structure the payment scheme now so that you can still get all your money in the end, or you can repossess the car now and good luck with you in trying to re-sell it to get all your money back." (research muna kayo kung ano ang fair market value ng ganyang model today, to get an idea if the bank will stand to lose.)
btw, i have never tried this approach. but it seems logical.

good luck.

[dreamur]

Hard to believe agad sir? Baka po kasi sa dating bahay nadating ang notices pano namin malalaman e walang natawag sa boss ko ultimo ung ahente ng sasakyan di na makontak ngaun para humingi ng tulong

EQ's point is about your boss not knowing that the checks have not cleared. 1 year worth of PDCs that did not clear the bank is substantial enough not to be noticed. I am guessing the total would be around P150k to P200k so your boss should have noticed it unless there are millions in the bank and your boss is not tracking his balance. Anyways, try to negotiate and show good faith that your boss is willing to pay the balance through loan restructuring. Good luck.

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[papi smith]

Enjoy to the max! Hindi na e-encash cheke ko, walang bawas checking account ko, hehe, hindi ko na kasalanan ito, ta tanga tanga sila hehe, dami ko pang gusto bilhin, bahala sila sa buhay nila, di ko na problema yan...

[dr. d]

Oo nga sir yun pinagtataka namin kasi bnigay nmn po namin lahat ng pdcs e. And we figure out na wala nadedebit sa account numya ang mali dun is wala nagmomonitor nung account nia

now, this is strange.
is it possible, that they (the bank) misplaced the cheques?
if you have documentation that proves that the bank has the pdcs, you can show that bank the document, to prove to them that it's actually their fault...
unless!!! someone closed that account...! and the bank can't contact the boss, because the boss'es last-known address is the old one...

[Jenstar]

2weeks nag wawala na mga banks.. after 24months lng nila nalawan wala payments? hmmmmmmmmmmmmmm

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Malamang sa malamang yan sir nagpapadala na ng notices yan dati bka di lng nrrcv kasi wala na sa dating bahay

[Jenstar]

now, this is strange.
is it possible, that they (the bank) misplaced the cheques?
if you have documentation that proves that the bank has the pdcs, you can show that bank the document, to prove to them that it's actually their fault...
unless!!! someone closed that account...! and the bank can't contact the boss, because the boss'es last-known address is the old one...

Sir acrdng to the accountant, e ung monthly amortization dw po e napopondohan nmn so we checked the account nmn po at andun ang complete na pera para sa monthly amortization nagduda kami at first kaya chineck nmin ok nmn pero wala na andto na ang problema