credit card debt. can they reposses car as recovery

[shadow]

ang utang parang bond yun

ung bond issuer may utang sa bondholder

if the original holder of the bond sells the bond to someone else, the new holder receives the payment

the obligation of the debtor doesn't change even if the debt changes hands

I know but for me tanga sila na binili nila yun bulok na accout and since hinde na rin ako magbabayad. I don't owe them anything.


Sent from my iPhone using Tapatalk

[uls]

I know but for me tanga sila na binili nila yun bulok na accout and since hinde na rin ako magbabayad. I don't owe them anything.


Sent from my iPhone using Tapatalk

ayaw ng mga bangko mag bother pa to run after debtors so they sell the debt at discount kunwari 70 or 80 cents per peso

binibili ng mga collection agency

ang business model ng mga collection agency they buy debt at discount and make money when they collect full amount

kunwari puhunan nila 700K naka coilect sila 900K

[uls]

collection agencies don't need to collect all the debt they bought

sigurado meron mga utang na di na macocollect

all they need is to collect enough to make profit

[uls]

considering the methods they use like pinapahiya nila mga debtor

meron talaga bumibigay at nagbabayad