Author Topic: Re: Credit Card Debt (and unfair collection practices) Thread 6  (Read 86961 times)

lilstar

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Hi mga sis and Banker.,

I tried to reply to Thread 5 pero closed na, wala pa din Thread 6 so I created 1. If meron na po paki delete na lang.,

Thread 5: http://www.femalenetwork.com/girltalk/index.php/topic,252752.0.html

Share ko lang po about my CC sa eastwest bank. I have maxed out my card last month and failed to pay this month (March). Wala pang isang bwan since due date ko pero super tawag sila ng tawag. I answered their calls ang sabi I have to pay asap, since di ko pa sya mabayaran Asap sabi ko sa 30th na lang which is 5 days from now. Sabi nila di daw pwede, sabi ko anong gagawin ko if sa 30 pa dadating ang money ko. They threatened me na they will visit in my office soon. Nakakainis lang with these people as if di mo babayaran and pupunta pa talaga sila sa office,. for what diba? willing naman ako magbayad. nakakasira lang ng araw. naiisip ko tuloy na wag na lang bayaran talaga.
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jojo2978

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Re: Credit Card Debt (and unfair collection practices) Thread 6
« Reply #1 on: April 01, 2014, 08:40:54 pm »
Huwag mo na lang muna pansinin sis but I suggest na if magkapera ka, pay them in full na lang kasi kung di mo bayaran either magkaroon collection case or if makalusot now pagdating naman ng time yung credit record mo sa lahat ng financial instutution may problem na because my association ang mga banks na madedetect nila if ever may mga unsettled obligations ka with any if them.

books_mags

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Re: Re: Credit Card Debt (and unfair collection practices) Thread 6
« Reply #2 on: April 01, 2014, 10:17:53 pm »
parang mali yata yung logic na porket kinukulit ka magbayad, mas lalo mong ayaw magbayad.

maski sinong inutangan maniningil pag dating ng oras. 

lilstar

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Re: Credit Card Debt (and unfair collection practices) Thread 6
« Reply #3 on: April 18, 2014, 04:13:39 pm »
Nakakainis lang kasi parang tatakbuhan sila., Ang babastos. Sabi ko pano kung di ko bayaran ang obligation ko dahil bastos sila? Super sorry yung supervisor nila. Di na sila tumatawag kasi I managed to pay na. My point lang here is that di nila kailangan maging rude specially if the person has the intention to pay. Kausapin mo ng maayos di nila naiitindihan, gusto ka nilang taktakin hanggang may makuha. Even if they review our conversations, andun ang will ko magbayad pero not on that very day. Mga walang modo kausap, kaya kailangan din walang modo ang sagot mo sa kanila para tumigil sila.
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anethski

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Re: Credit Card Debt (and unfair collection practices) Thread 6
« Reply #4 on: April 26, 2014, 03:00:30 am »
My card was defaulted and I got a letter from the collections agency saying that they have sent someone to check out our home. In the letter, it says that they assessed that I have the financial capability to pay for the debt and asks me to settle two days from the receipt of the notice and if no action has been made after, they will go to our house without any further notice. Is this true?

agape

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Re: Credit Card Debt (and unfair collection practices) Thread 6
« Reply #5 on: May 28, 2014, 08:43:45 am »
My Aunt who is a senior and no job was given a Credit Card by Metrobank. She did not apply for it, and she used it and maxed it out. She had originally around 20-30k in CC debts. When the collection agency arranged for an agreement that she will pay 2k/month for 2 years totalling 48k na yun. How can I erase her debt and make her pay just the actual amount of 30k or at least very minimal interest?

Kasalanan dapat kasi ni Metrobank yun na nag issue sila ng CC sa senior with no job and no children to pay her debts eh. Na-s-stress kasi Tita ko sa ginawa niyang kalokohan eh.
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ceejhei

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Re: Re: Credit Card Debt (and unfair collection practices) Thread 6
« Reply #6 on: May 28, 2014, 10:55:04 am »
i also need help, i have a CC debt sa BDO, nainis kasi ako sa collections agent na nakausap ko kaya sabi ko bahala kayo di ko na babayaran maliit lang naman. kaso ngayon we are applying for a housing loan sa PSbank factor daw ito para di ma-approved so i was thinking of paying it nalang. Diba may inooffer sila na kunwari pay the half nalang. san ba ako tatawag to coordinate? sa BDO pa din ba? hindi ko na kasi alam name ng collections company na tumatawag sakin eh.

marlei_07

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Re: Credit Card Debt (and unfair collection practices) Thread 6
« Reply #7 on: June 19, 2014, 02:39:55 pm »
Nasa malaki kaming trouble ng asawa ko...  :'(
6mos. na kaming defaulted sa HSBC CC nya at naipasa na pala sa Molaer & Dela Cerna Law Office. Grabe ito maka-hunting sa hubby ko tawag ng tawag sa office kaya hiyang hiya na sa mga officemates niya dun sa work nya tapos nagpadala pa ng email (sa baba) :'(

June 11, 2014
 
MR. LEO SOLOMO:
 
This pertains to your HSBC Credit Card Account which is now endorsed to our law firm, Molaer & Dela Serna Law Offices, due to non-payment.
 
Please be advised that your outstanding balance as of June 10, 2014, has already reached to Php 63,200.00 inclusive of interest and penalty. Kindly settle the said amount on or before June 16, 2014, otherwise, you will give us no other recourse but to file necessary legal charge/s against you to protect the interest of our client
 
Kindly see payment option(s) below, to help you out with the settlement of the account.
 
1) One-time payment:        Php 37,000.00 - to be paid on or before June 13, 2014 as full payment  of your account.
                                                               (with Certificate of full settlement) and Cash payment required
 
I hope I have made clear the position of our client on this matter.
 
For any inquiries, you may contact Ms. Faith Camaro at telephone numbers 709 0450, 709 0625 or 709 0482; company mobile number 0908 821 82 73; 0922 899 84 16; 0917 327 73 25.
 
We, wait for your immediate affirmative response.
 
Thank you & God Bless.


Noong una, ayos naman ang pagbabayad namin ng minimum due kasi nga di namin kaya yung full payment. Halos 2 years kaming nagbabayad at parang walang nangyayari sa binayad namin dahil ang lupit ng interest sa cc. Hanggang sa di na namin kayang bayaran at inihinto na namin. Ngayon parang criminal si hubby ko na nagtatago sa pangha-hunting at pangha-harass ng Law Office na yun!  >:( ano po ba ang magagawa namin para mabayaran yung utang namin. Pwede po ba kaming mag-apply ng amnesty kagaya nung sa officemate ng hubby ko na from 43K+ eh naging 7K na lang ngayon...pababa ng pababa yung offer unlike sa hubby ko na pinipilit ng Molaer & Dela Cerna na bayaran in full yung 37K na nakalagay sa letter. Wala na po kaming capacity magbayad ng ganyan kalaking pera dahil di naman ganun kalaki ang sweldo ng asawa ko. Patulong naman po please...Salamat po

vermich

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Re: Credit Card Debt (and unfair collection practices) Thread 6
« Reply #8 on: June 20, 2014, 02:10:34 pm »
This is very unfortunate collection practices in the Philippines. Wala kasing strict law on debt collection dito kaya collection officer (yung mga tumatawag) ay bastos at harrasing na rin. Mga sis, pwedeng mag sabi or mag declare ng capacity to pay sa collection agency then work out a solution for them. Most of the time kapag hinain mo ang capacity mo and willingness to work with them they budge din naman. pero in cases na nagbabayad na kayo minimum pero hindi bumababa yun amount na dapat bayaran, I'd rather na payoff nyo na lang or tell he collection agency.

Yun collection agency kasi binili na nila yun account mo sa banko so its up to them kung magkano interest o itutubo nila sa client para mabayaran at maclear kayo sa debt- dun sila kumikita. So depende sa collection agency (eto yun mga law firms kuno na sumusulat at nangungulit) kaya hindi mo pwedeng icompare yun pagbabayad ng friend mo sa debt nya kasi iba iba kayo ng collection offices na nakabili ng account nyo.

About harrassing phone calls, ignore. Kayo mismo ang tumawag para makipagayos. It is still a debt that needs to be paid, business yan. About being stalk sa house nyo, walang bank ang gumagawa nyan dito sa Pilipinas, collection agency yan. They stalk you in your FB/ online pages connecting sa emails, company/ house addresses at cellphone/ house numbers na binigay nyo at listed sa mga SSS/BIR/ GSIS at other goverment forms na inapply ninyo. Meron silang field workers to check kung dun pa kayo nakatira and that's it, theywante to make sure nakakarating pa yung registered mail na pinadala sa inyo. They cannot physically stalk you unless international bank ito like BOA (Bank of America)/ Chase, etc. Citibank/ HSBC have credit reporting pero walang physical background investigation unless nag aapply kayo ng work sa kanila or sa agency nila or sa connecting company nila at hahawak kayo ng account ng mga cliente nila.

About not paying it, do it at your own risk. In the future mas mahirap mag apply ng loan, be it salary/ personal/ medical/ business loans sa mga credit agency/ banks unless 5/6 lapitan mo wlang credit check. Kahit na may co-borrower ka or spouse it doesn't matter- isa lang sa inyo may hindi magandang credit record, mas mahirap ang pag aapply ng loan at credit cardi n the future.  It stays sa records ng mga banks up to 12 years na ngayon and may extend more in the future.  Better way of putting it, gamitin ang credit card kung within the budget and take advantage of the promos ng mga credit card like 0% installment for 6 months, etc.

Sorry napahaba ang post. I don't believe in living in credit even when we were living sa US before. Always live within your means ang turo ng grandmama ko. And it pays off.

vermich

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Re: Credit Card Debt (and unfair collection practices) Thread 6
« Reply #9 on: June 20, 2014, 02:18:26 pm »
BTW pahabol.. kung nasa collecton agency na account nyo at sobrang harrassing para sa inyo ang ginagawa nila, tumawag kayo sa bankat ireport nyo. Ask them to change the collection agency your account is in. Not sure how long ang time frame para mabago ang collection agency pero these reports get collated at next bidding ng collection accounts hindi nila isasama yun collection agency na yan due to harrasment.

Just be firm in dealing with them, kahit sabihing asap ang bayaran at ang pera mo eh 5 days from now. Be firm and let them know alam nyo yung consequence ng late payments at willing ka naman magbayad dahil utang mo nga yun. Sabi nga nila "We smell your fear." so yun ang gauge nila paano ka nila tatakutin para magbayad ka kaagad. yung mga collection agents may commission din yan based sa time na nagbayad ka from the moment nakausap ka nila at amount ng bayad mo. so they do practices na talagang in-humane naman.. sana lang din yun gumagawa nun hindi magreklamo sa quality of service na natatanggap nila..

" DON'T DO UNTO OTHER WHAT YOU DON'T WNAT OTHER DO UNTO YOU." - di ba?  ;)

margauxkhloe

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Re: Credit Card Debt (and unfair collection practices) Thread 6
« Reply #10 on: June 20, 2014, 03:56:59 pm »
I think they were trained to that way of collecting money from us. Even sa states ganyan ang mga bank collectors for mortgage & credit cards. Nananakot pa talaga minsan. KKLK.
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jl042655

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Re: Credit Card Debt (and unfair collection practices) Thread 6
« Reply #11 on: July 25, 2014, 07:08:51 am »
Hi mga sis,

I hope you can help me. Sa work ko, sa BPI yung payroll namin. Nag open din ako ng savings account na separate. Last November, tinawagan ako ng BPI to offer me a credit card. Di ko na daw kailangan mag apply. I accepted the offer and 1 week later, dumating yung card. A friend used my card din and pretty soon, na max ko na yung 40K na credit limit.

Anyway, mejo nabibigatan na kasi ako sa pagbayad since may finance charge din kinakaltas every month. Wala pa naman ako palya. Yung ate ko kasi dati may CC sa Citibank and nag ask sya ng amnesty program. Nagrant sya and fixed amount of Php 1500 yung pinabayad na lang sa kanya for 3 years. 40K din limit nya noon. Natapos na sya sa pagbayad.

Gusto ko sana mag apply for something like this kaso nung tinawagan ko yung department ng BPI that handles financial assistance, sabi nila that the only program they have is yung isettle ko muna half of the amount, which will be 20K, then after mag kakaron daw ng arrangement kung saan kakaltasan nila ng amount with lowered interest dun sa express online. Yun lang daw ang meron silang program.

Masyado kasing mabigat yung 20K na requirement and sobrang natetempt na ko to just not pay anymore. Kaso di ko alam what will happen if I do.

1. What will be the consequences if i stop paying altogether? Will I be jailed?
2. Will they forcefull deduct or close my savings and payroll account na meron ako sa kanila?

If you can give me details sana, I would appreciate it.

Thank you in advance!

Project60

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Re: Credit Card Debt (and unfair collection practices) Thread 6
« Reply #12 on: July 25, 2014, 07:56:06 am »
you have to pay your credit card, why?

1. di ka naman makukulong pero if you plan to file for a car loan, housing loan, personal loan etc. mahihirapan ka na maapprove in the future because they'll see you were delinquent in paying your credit card bills (well.. kung wala ka namang plans ever, maybe this won't matter?)

2. paying your credit card will teach you a lesson how to handle your finances better.

I suggest bayaran mo nalang unti unti yung credit card mo and don't swipe until you zero it out. mag thi thirteen month na din naman, use that. be responsible, after all naenjoy mo din naman sya.
 

ceejhei

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Re: Re: Credit Card Debt (and unfair collection practices) Thread 6
« Reply #13 on: July 25, 2014, 02:35:11 pm »
question, how can i find the agency to settle my debt for cc? maliit lang yung amount. hubby and i recently purchased H&L and sabi ng broker, ayusin ko daw yung sa CC ko. can i call BDO first and ask kung kanino ko dapat isettle ito? thank you

bagaholic_chewy

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Re: Credit Card Debt (and unfair collection practices) Thread 6
« Reply #14 on: July 26, 2014, 01:03:37 am »
Do not treat your cc credit limit as "extra" money that you can just spend whenever you want.

If we handle our finances well, use of credit card can be to our advantage (e.g. we earn points, rebates, we get perks, discounts, etc). Basta, we pay in full pagdating ng due date. Kumbaga, mag-swipe ka para medyo ma-delay ang paglabas mo ng cash, pero dapat me nakalaan ka na pambayad para dun sa sinwipe mo. That way, wala ka babayarang finance charges, no late payment fees, etc. But you still earn points, rebates, etc.

If you really can't pay in full sa due date, always pay as much as you can and not just the "minimum payment due". And as soon as you have the pambayad, pay it off immediately to avoid patong-patong na finance charges. Don't wait for the next due date.

If you have money in savings account, it's actually wiser to just use that money in your account to pay off your cc debt. Why? Kasi mas malaki ang interest na babayaran mo sa cc utang mo, kesa sa kikitain ng savings account sa bank. Settle your debt, then once you've paid off your cc debt, start rebuilding your savings again. Ganito ginawa ko when I was deliquent with my cc payments many years ago. Lesson learned yun for me, pinagamit ko kasi sa friend ko yung credit limit ko. E di sya nakabayad agad, ako ang naipit kasi ako ang cardholder.

IMO, we should be responsible enough to pay off our debts. Hindi lang dahil makaapekto yan sa credit rating (for future loan applications, etc), but also because it's the right thing to do. After all, in-enjoy naman natin yung shopping/dineout/etc when we used the cc. So we should face the consequences. Wag pagtaguan ang utang. Kahit onti-ontiin, basta bayaran.
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vermich

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Re: Credit Card Debt (and unfair collection practices) Thread 6
« Reply #15 on: July 28, 2014, 02:55:49 pm »
if you really wanted to settle bakit hindi tawagan ang law firm na nagpadala ng sulat. Bibigyan ka nila ng receipt nyan, aside from the fact you have the eveidences na nagbayad ka na there is no need to hold off the receipt. Sila ngayon ang may atraso kung ganun.

 (The collection agency will send you another letter, but using a different letterhead or another collection agency name, and they will continue to harass you.)  === eto they will 'harrass' you kasi nga hindi ka makipag coordinate with them. So once you do, what's the point of 'harrasing' the client by sending letters monthly to ask for payment?

jl042655

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Re: Credit Card Debt (and unfair collection practices) Thread 6
« Reply #16 on: July 29, 2014, 05:20:21 am »
Hi,

I just have a folllow up question.  I'm the one who earlier posted about having a BPI express credit card. This was an offer since my salary from the Company is through this bank. I accepted the offer, had my friend used the card din kaya na-max din sya eventually. I always pay naman every month pero nabibigatan ako sa finance charge.

I called up BPI and they referred me to the department that handles credit card payments. Sabi nila the only program they have to assist in payment will only be applied if ma-settle ko muna yung half ng amount na nagamit which is 20K (40K credit limit) and then after that, they will arrange it sa Express online wherein kakaltasan nila ako ng specific amount (of lower interest) for the remainder para mabayad lahat.

The thing is, I can't afford yung 20,000 now kasi may pinapaaral pa kong mga kapatid. If for example hindi ko muna bayaran, if ma-endorse ba toh sa collection agency or law firm (not familiar with the process), will I be able to negotiate a better deal with them? Yung tipong hindi na ko ireirequire to settle ang half ng amount like what BPI wants, or will that make it worse for me?

I want to settle the debt kaso BPI's financial assistance program is not really customer-friendly.

bagaholic_chewy

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Re: Credit Card Debt (and unfair collection practices) Thread 6
« Reply #17 on: July 29, 2014, 10:18:57 am »
^ IMO, better to settle the debt as early as possible. Kasi dagdag ng dagdag ang finance charges nyan. And I think the bank's deal offer is ok na. If di mo pa kaya agad-agad ang 20k, then tell the bank. If they cannot offer a better deal, then just try to pay off as much as can every payday. Pag me extra ka, use it to pay. Sacrifice na lang muna, tipid-tipid mode for a few months. Based on what I hear, people from collection agencies are more difficult to deal with kasi they have the tendency to be really makulit.

You mentioned that a friend used your card kaya na-max out. Why not "singil" your friend and perhaps have him/her share in the finance charges?
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Project60

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Re: Credit Card Debt (and unfair collection practices) Thread 6
« Reply #18 on: July 29, 2014, 03:22:35 pm »
or consolidate your loan... avail ka kaya ng sss loan (check mo loanable amount mo sa website nila) then pay off your cc debt. kasi di hamak naman mas maliit interes ni sss loan kesa kay credit card for sure.


vermich

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Re: Credit Card Debt (and unfair collection practices) Thread 6
« Reply #19 on: July 29, 2014, 05:18:55 pm »
Hi,
I called up BPI and they referred me to the department that handles credit card payments. Sabi nila the only program they have to assist in payment will only be applied if ma-settle ko muna yung half ng amount na nagamit which is 20K (40K credit limit) and then after that, they will arrange it sa Express online wherein kakaltasan nila ako ng specific amount (of lower interest) for the remainder para mabayad lahat.

I want to settle the debt kaso BPI's financial assistance program is not really customer-friendly.

-- they only showed that to you, hindi pa final yan unless you commit to it. For now if you can pay more than the minimum payment each month gawin mo. Ang computation kasi nyan after ng minimum payment mo, yun interest charge is based sa maiiwan na balance. So nexxt biling malaki na naman sya.

Maganda yun suggestion na pay it off may be with SSS loan, fixed naman ang interest charge ng SSS, unlike sa banks fluctuating sya depending on how much the remainder of the balance is. Tell your friend too na ginamit yun card mo about the plans and dapat bayaran ng buo before mag accumulate yun finance charge sa binili nya. Pagkabili kasi ng isang bagay na naka regular purchase (eto yun walang promo na 0% interest ha) dapat 1 month lang mabayaran na sya or else by the second month na nasa bill mo pa, kasama na sya sa computation ng accrued interest charge.

 

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