credit card debt. can they reposses car as recovery

[shadow]

but does settling in full the debt, to the collection agency, clear one's credit rating?
kasi, the CC company's debt was never settled...

Kahit sabihin ng CA na ma clear daw. Don't believe them unless bank mismo magsabi. Always deal with bank pag ayaw na nila and sinabi na napasa na sa CA then it mean wala na sila pakialam so I will never deal with CA.

CA can't be trusted kaya nga sabi ni uls they can use methods that banks can't sa pag singil. Kaya wala kwenta to deal with them.

Kung ganun gagawin na tatawag, mangulo eh di mas lalo ako hinde magbayad.


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[_Cathy_]

If ako yan mas lalo ako hindeqml magbayad sa kanila. Hinde ko na nga kaya magbayad sa bangko eh bakit ko pa sa sayagin oras ko sa lanila eh sira na credit ratings ko din.

Saka pakita nila sa kanila ka may utang, wala sila doon nun nag apply ka card and hinde mo nabayaran. I know, I know nalipat na rights sa kanila but pan bwisit lang sa kanila na pakita nila you have signed anything with them.

Sila nagusap sila 2 ng bank sila engot bumili ng bad debts.

Eh di sila mag singilan.


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I am so disappointed in you shadow Why does it seem to me like you are taking the side of these delinquent card holders. Ang utang ay utang, no matter how "evil" banks may seem, nakinabang yung card holder sa pag gamit ng card.

Huwag mag card kung hindi kayang bayaran. Masama yung thinking na walang nakukulong sa utang. Walang consequence ang hindi pagbayad ng utang.

[shadow]

I am so disappointed in you shadow Why does it seem to me like you are taking the side of these delinquent card holders. Ang utang ay utang, no matter how "evil" banks may seem, nakinabang yung card holder sa pag gamit ng card.

Huwag mag card kung hindi kayang bayaran. Masama yung thinking na walang nakukulong sa utang. Walang consequence ang hindi pagbayad ng utang.

Yes utang is utang but ang premise natin eh wala na baon na sa utang sa CC and hinde na makabayad tapos nasa CA na. Andyan na ano pang gagawin niya? Siguro kung kaya niya restructure ginawa na niya with the bank eh malamang hinde na rin kaya kahit restructure pa yun loan.

Sira na lahat wala na siya chance maka loan or anythings Ewan ko ilang years ba ganyan.

So bakit pa siya utang sa iba para bayaran itong utang. Lalo lang siya mabaon.

Move on na lang, huwag na makipag deal sa CA. Delinquent na nga ako ano pa ba mawawala kung hinde ako magbayad sa CA?

Baka diyan pa mamatay sa stress kung kausapin yun CA.

Eh kasi pwedeng good payer naman tapos bigla nawalang ng work or something or meron health emergency nagamit yun card or kahit na ginanahan mag shopping and nabaon sa utang.

Yun ma blacklist na eh i think that's enough consequence na sa maling nagawa niya.

It should serve as a good lesson hopefully early sa buhay nangayari para meron pa time makabawi later on.


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[_Cathy_]

but does settling in full the debt, to the collection agency, clear one's credit rating?
kasi, the debt to the CC company was never settled...

submitted na the name sa BAP when it's endorsed sa collection agency. After the debt is cleared, that's when the name is removed from the blacklist

Kaya wag paabutin sa agency

[shadow]

submitted na the name sa BAP when it's endorsed sa collection agency. After the debt is cleared, that's when the name is removed from the blacklist

Kaya wag paabutin sa agency

Bank din mag request diba and not the CA?

And pag mag sue talaga si bank din and not the CA diba?

If it is then mas lalo ako hinde magbayad at makipagusap sa mga CA.


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[Walter]

when a bad loan is sold by the bank that means bayad na siya
kung P100 face value ng loan and it's sold for P70 tanggap na ng bangko ung konting lugi
bahala na ung nakabili ng loan paano nila sisingilin and whatever amount masingil nila it's theirs
they don't have to pay the bank they already paid the bank when they bought the loan

That's too high ... industry standard is around 10 cents to the dollar ... collection agencies make money when they are able to collect 20% of the purchased delinquent loans ... when they reach their quota, they let go of the small loans wherein the cost of litigation isn't worth the amount of loan ... you could haggle up to 50% of principal loan and they might bite ... assuming they've reached their 20% quota ...

[uls]

That's too high ... industry standard is around 10 cents to the dollar ... collection agencies make money when they are able to collect 20% of the purchased delinquent loans ... when they reach their quota, they let go of the small loans wherein the cost of litigation isn't worth the amount of loan ... you could haggle up to 50% of principal loan and they might bite ... assuming they've reached their 20% quota ...

yup i was too generous

[shadow]

That's too high ... industry standard is around 10 cents to the dollar ... collection agencies make money when they are able to collect 20% of the purchased delinquent loans ... when they reach their quota, they let go of the small loans wherein the cost of litigation isn't worth the amount of loan ... you could haggle up to 50% of principal loan and they might bite ... assuming they've reached their 20% quota ...

Sino mag demanda? The CA? I haven't read anything pa na CA ang nag sue for sum of money it's always the bank.

kaya nga lagi nila sinasabi diba client nila yun bank?


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[shadow]

yup i was too generous

Basta wala na ako pakialam diyan kung magkano if I'm a delinquent they bought my bulok account eh di manigas sila, wala sila masingil sa akin. [emoji23]

And besides kung mag habol sila for sum of money eh kung wala na nga ako talaga pa bayad, ano magagawa nila? Kunin nila electric fan saka gasul sa bahay then liquidate nila?

At the end of the day sigurado naman talo ka pa rin sa court dahil meorn kang utang so sabihin saiyo magbayad ka then siguro sabihin ng judge na magusap kayo kung magkano monthly baka alisin pa ng judge yun mga interest and charges.


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[uls]

Sino mag demanda? The CA? I haven't read anything pa na CA ang nag sue for sum of money it's always the bank.

kaya nga lagi nila sinasabi diba client nila yun bank?

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2 klase

meron ung CA hired by bank to collect (the bank still owns the loan) -- so client ng CA ang bank

meron naman ung the CA bought the loan so labas na ang bangko diyan