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motorcyle loan

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1 motorcyle loan on Fri Aug 10, 2012 9:21 pm


Arresto Menor
please help me... kumuha po ako ng motorcycle installment payable for 3 years,after paying religiously for 1 year, ninakaw po ang motor sa tapat ng bahay namin. I reported the incident sa barangay, police station and they adviced me to file for a nationwide alert sa TMG which I did. Until now, di pa rin po nare-recover yung motor. Kailangan ko pa rin po bang bayaran yung motor kahit na na carnap? Nagtataka lang po ako bakit di naka insured yung motor na naka financing? please hep me... parang napaka unfair naman na mag bayad ng isang bagay na hindi naman namin pinakikinabangan.

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2 Re: motorcyle loan on Sat Aug 11, 2012 12:31 pm


the answer is yes, you still have to pay for the loan. it is not required to have been insured.

however, if you stop paying, it's either they file a case to recover the motorcycle or they let go of that right and move against your other properties.

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