i have a Php250k loan with the bank but lost my job late 2009, thus, my payment has become irregular & eventually, i defaulted. before i lost my job i went to the bank informed them that i am losing my job & requested for some form of payment scheme that i can manage while looking for a job. i was advised to make minimum payments & just make up when i get a job. unfortunately, i did not get a job that pays enough, thus, priority was food and rent. sometime june 2010 i went to the bank to offer Php50k initial payment so i can get that payment schedule. the bank refused my offer saying i have to pay atleast Php250+ before i get a payment schedule. recently, the bank sent me a letter stating that my loan has gone up to Php1M & that i should pay atleast Php250k+ before i can get the payment schedule i desparately requested since 2009. due to my frustrations, i blurted that it is better to commit suicide then since i have no other options. bank rep said that if i did, bank will go after my family. i feel trapped and hopeless.
please help, i can offer admin services in return for the help. thank