what if: I will not pay my bills anymore?

**d'flash** · February 14th, 2013 05:52 PM

Originally Posted by fireblade

if somebody checks on the previous posts of the ts and sees this thread, will the other party still have interest dealing with him?

in my case, i normally ask for referrals and how the person behaves in the forums

btw this is "what if" di ko pa siya ginagawa, im a good payer, but i have to default just to approve my request, i left no choice

**shadow** · February 14th, 2013 06:46 PM

I'm assuming nagawa mo na lahat para mabayaran yun utang mo sa CC but hinde mo talaga mabayaran, i.e. borrow from relatives, friends or personal loans from other lending institutions.

I will go against the grain here, kung hinde mo talaga kaya bayaran, dont sell your soul para mabayaran lang yun utang sa CC. just know that there are consequences, blacklisted and harassment from collection agents. if you can live with this then don't pay...

I agree with 1D4LV na pag nagpersonal loan ka then PDC tapos mo mabayran mas lalo kang mapapasama. I don't agree with umutang para pang bayad ng utang. it will never end. its a cycle.

look walang makukulong sa utang sa CC, kahit millions pa yan, meron ako kakilala couple of milliong utang, pumupunta pa sa bahay yun collectors ayaw nila kausapin wala naman magawa yun collectors.

you'll also not be sued by bank, what;s the point of suing? eh talaga naman meron kang utang...baka nga mas maging kakampi mo pa yun judge eh dahil bawasan yun interest rate na pinatong nila...kung mag demanda sila settlement din mangyayari naman eh...

you see, its not like magsasara ang bank pag hinde mo binayaran..I know my reasoning is twisted but I'm just giving you a different perspective.

CC is an unsecured loans eh, so risk ng bank yan, they did risk assessment and all..so talo sila dahil ang default ka...they'll just sell you account sa collection agency then from what I understand since its an unsecured loans, meron "state guaranty" yan.. I don't know if they can claim it as tax credit or something..so walang talo bangko diyan.

once bank sold your account to collection agency, wala na sila pakialaman diyan...don't ever talk to CA, manloloko mga yan...

this is what I meant from my post from the other thread, banks are BS. gamitan lang yan, I know they are not charities but mas maliit na tao ka mas iipitin ka nila...

kaya ako wala akong nafe-feel na utang na lood or amore sa mga banks. I dont even give gifts sa mga managers...

**1D4LV** · February 14th, 2013 10:22 PM

shadow, you hit the nail on the head... sakto...

**fireblade** · February 14th, 2013 10:34 PM

Originally Posted by d'flash

btw this is "what if" di ko pa siya ginagawa, im a good payer, but i have to default just to approve my request, i left no choice

medyo nahilo po ako dito . just the same, il be very careful negotiating with people who have questioned their capacity to pay.

**Ry_Tower** · February 15th, 2013 09:38 AM

Originally Posted by shadow

I'm assuming nagawa mo na lahat para mabayaran yun utang mo sa CC but hinde mo talaga mabayaran, i.e. borrow from relatives, friends or personal loans from other lending institutions.

I will go against the grain here, kung hinde mo talaga kaya bayaran, dont sell your soul para mabayaran lang yun utang sa CC. just know that there are consequences, blacklisted and harassment from collection agents. if you can live with this then don't pay...

I agree with 1D4LV na pag nagpersonal loan ka then PDC tapos mo mabayran mas lalo kang mapapasama. I don't agree with umutang para pang bayad ng utang. it will never end. its a cycle.

look walang makukulong sa utang sa CC, kahit millions pa yan, meron ako kakilala couple of milliong utang, pumupunta pa sa bahay yun collectors ayaw nila kausapin wala naman magawa yun collectors.

you'll also not be sued by bank, what;s the point of suing? eh talaga naman meron kang utang...baka nga mas maging kakampi mo pa yun judge eh dahil bawasan yun interest rate na pinatong nila...kung mag demanda sila settlement din mangyayari naman eh...

you see, its not like magsasara ang bank pag hinde mo binayaran..I know my reasoning is twisted but I'm just giving you a different perspective.

CC is an unsecured loans eh, so risk ng bank yan, they did risk assessment and all..so talo sila dahil ang default ka...they'll just sell you account sa collection agency then from what I understand since its an unsecured loans, meron "state guaranty" yan.. I don't know if they can claim it as tax credit or something..so walang talo bangko diyan.

once bank sold your account to collection agency, wala na sila pakialaman diyan...don't ever talk to CA, manloloko mga yan...

this is what I meant from my post from the other thread, banks are BS. gamitan lang yan, I know they are not charities but mas maliit na tao ka mas iipitin ka nila...

kaya ako wala akong nafe-feel na utang na lood or amore sa mga banks. I dont even give gifts sa mga managers...

AFAIK they can write this off as expense and be tax deductible in some form. So hindi sila totally bokya kahit hindi ma-collect ng CA.

Banks yan, yan ang buhay nila, kumita through finances ng ibang tao so master na nila pasikot-sikot dyan.

But paying what you owe is still the right thing to do if kaya naman. Kahit mahirp.

**shadow** · February 15th, 2013 09:55 AM

this is the best way, bayaran niya utang niya, dahil utang dapat talaga bayaran but hinde na niya kaya eh, alangan naman ibenta niya kidney niya jusy to be able to pay yun CC niya, wala na ako pakialam kung saan niya ginamit yun CC niya, either binili ng mga gadgets or what..

but I don't agree na umutang para pangbayad ulit ng utang...eh hirap na nga sa minimum it means kung uutang ulit hinde pa rin niya mababayaran yun unless meron relatives na magpapautang na pay when able...

meron lang talgang consequences...thats the trade off...

i was just giving him other perspective dahil lahat ng replies eh umutang sa iba at bayaran but I'm assuming hirap na talaga and wala ng mautangang

banks are sharks, the more na down ka lalo ka nilang iipitin...

Originally Posted by Ry_Tower

But paying what you owe is still the right thing to do if kaya naman. Kahit mahirp.

**CVT** · February 15th, 2013 09:56 AM

Originally Posted by shadow

I'm assuming nagawa mo na lahat para mabayaran yun utang mo sa CC but hinde mo talaga mabayaran, i.e. borrow from relatives, friends or personal loans from other lending institutions.

I will go against the grain here, kung hinde mo talaga kaya bayaran, dont sell your soul para mabayaran lang yun utang sa CC. just know that there are consequences, blacklisted and harassment from collection agents. if you can live with this then don't pay...

this is what I meant from my post from the other thread, banks are BS. gamitan lang yan, I know they are not charities but mas maliit na tao ka mas iipitin ka nila...

kaya ako wala akong nafe-feel na utang na lood or amore sa mga banks. I dont even give gifts sa mga managers...

Bangko pa ang magpapatalo?

E iyang CC,- legal na "5-6 ng bumbay iyan!".... Mas sos lang ang dating!

Kahit ano'ng laki ng "investment" mo sa mga bangko,- payong lang ang katapat sa Pasko... :hysterical:

Gamitin mo na lang ang pera sa ibang investments kaysa matulog iyan sa bangko....

18.2K:soccer2:

**shadow** · February 15th, 2013 10:01 AM

Originally Posted by CVT

Bangko pa ang magpapatalo?

E iyang CC,- legal na "5-6 ng bumbay iyan!".... Mas sos lang ang dating!

18.2K:soccer2:

exactly. I deal with them almost everyday...banks are sharks, hanggat napapakinabangang ka nila, they'll give you the moon and lahat ng estima gagawin but once wala na sila pakinabang..para kang lang basura.

mas maliit ka, mas maliit utang mo, lalo ka nila iipitin pero if you're big time and malaki utang..kahit mag default ka..they will even restructure your loans..and hinde nila magagawa sa mga big time clients na nag default yun harassment na ginagawa nila sa mga "small time" clients nila.

*TS, if you're still young, makakabawi ka pa from this...I'm sure your blacklisted name will be expunge few years from now, meron yan prescription period I'm sure, hinde pwedeng lifetime na blacklisted...maybe some tsikoters working for a bank know kung ilan years naka blacklist ang name....

just learn from this lesson...hinde lang ikaw nangyayari ganyan dami-dami nag default sa CC nila, kahit sa ibang bansa...dami nga mga expat sa nag work sa dubai eh yun mga kano nag max out ng CC nila then yun mga cars na under loan pa iniwan na lang sa airport parking then bumalik na sa US.

I have an idea, but make sure na you'll have control na on your spending using CC...

huwag ka muna mag default sa CC mo now then apply ka muna sa ibang banks ng CC pag lumabas na then saka mo default yan HSBC CC mo, para hinde ka naman kawawa na walang magamit in case of emergency...

**d'flash** · February 15th, 2013 11:09 AM

Originally Posted by shadow

exactly. I deal with them almost everyday...banks are sharks, hanggat napapakinabangang ka nila, they'll give you the moon and lahat ng estima gagawin but once wala na sila pakinabang..para kang lang basura.

mas maliit ka, mas maliit utang mo, lalo ka nila iipitin pero if you're big time and malaki utang..kahit mag default ka..they will even restructure your loans..and hinde nila magagawa sa mga big time clients na nag default yun harassment na ginagawa nila sa mga "small time" clients nila.

*TS, if you're still young, makakabawi ka pa from this...I'm sure your blacklisted name will be expunge few years from now, meron yan prescription period I'm sure, hinde pwedeng lifetime na blacklisted...maybe some tsikoters working for a bank know kung ilan years naka blacklist ang name....

just learn from this lesson...hinde lang ikaw nangyayari ganyan dami-dami nag default sa CC nila, kahit sa ibang bansa...dami nga mga expat sa nag work sa dubai eh yun mga kano nag max out ng CC nila then yun mga cars na under loan pa iniwan na lang sa airport parking then bumalik na sa US.

I have an idea, but make sure na you'll have control na on your spending using CC...

huwag ka muna mag default sa CC mo now then apply ka muna sa ibang banks ng CC pag lumabas na then saka mo default yan HSBC CC mo, para hinde ka naman kawawa na walang magamit in case of emergency...

thank you sir shadow, at naintindihan mo ako. i have two CC pa, HSBC din at BPI, sobrang minsan ko lang ginagamit and i have good records for that 2 CC, already learned from my mistakes. kaya ko naman siya i-settle pero di yung one time big time cash, i can pay via installment basis, pero ang nangyayari kasi interest pa din ng interest.