Quote Originally Posted by _Cathy_ View Post
I asked my banker friend na sa cards nagwo work. The properties will be liquidated to pay off the debt
Like bahay to pay off yun cc debts? Impossible yan.

Kung garnishment nga hinde nila pwede kunin buong amount ng salary eh dahil meron din expenses yun debtor.

At the end of the day I know it's being guaranteed by govt yun unsecured loans like CC either thru tax rebate or something, kaya doble pa kikitain ng banks diyan pag naka singil siguro collection agency. Kumita na sila sa pagbenta ng delinquent accounts meron pa sila cut sa na collect ng CA.


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