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Credit / Utang 5-6

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1 Credit / Utang 5-6 on Mon Nov 12, 2012 2:36 pm

Ful17iLT


Arresto Menor
My question lng po me regarding sa Credit loan ng parents q.. gusto q lng po sna makatulong sa kanila khit papaano sa way na kaya q at eto po ang naisip kung paraan to consult your office & seek an advice regarding to this situations.. anyway this is the scenario:
Mother borrow money to our neighbor (5-6) pandagdag sa kinapos na pampagawa ng house (Year back 2009-2011, it was happened when my mom consulted my dad (seaman onboard) to ask his permission to lend money, then dad replied gawaan ng paraan para matapus lng ung ginagawang bahay so on..) so lumapit po sya sa neighbor/kumpare nila at the same time ngpapa-lend. im not sure kung anu po ung usapan nila about sa terms.. Now, (Nov. 8, 2012) 9 days since my dad arrived home and since my mom secretly hide this situation from us (her son) we had a family conversation about this problem and i was shocked when i knew how much she is paying monthly from the lending. Based po dun sa details ng mga nakuhang money is now worth P260,000 principal and paying monthly interest of P26,000 so 10% per month charges, so habang ndi pa nabibigay or nababawasan ung principal 10% montly interest ang dapat bayaran. Since kinausap na ng parents q ung kumpare nila ganun pa din talaga ung lumalabas "business is business nga daw, kung gusto mo lumiit ung interest bawasan mo ung principal" yan po ung sinabi nung kausap nila knina.
Additional Information:
There is a time na umabot po ung principal amounting P350,000 and paying P35,000 monthly interest ang mom q dahil sa laki nga po ng interest na binabayaran monthly ngtulak or ng down sila ng P50,000 pra mabawasan ung principal at ung interest so for that month lng P85,000 ang binayaran pra maging P300,000 nlng po ung principal tapus nalaman po ni papa na good payer naman daw c mama sabi ng kumpare nila..
I saw a written notes about the details regarding po sa mga inutang ni mama q parang contract po nila signed by both parties then meron po date from September 2011 - October 22, 2012.
We suffer almost 2 years kc halos kulang ung monthly allotment na tinatanggap (payments of monthly bills) kaya napilitang pumasok din ni mama q sa ibang lending companies para lang magawaan ng paraan ung daily consumption and other monthly bills.
Ang pinagtataka q lng parang wlang "Terms of payment & ends of maturity" (e.g 6/12/18 or 24 months)? I'll leave this as a question
I wrote this letter to ask your good office for assistance, help & advice to guide us regarding on how to solve this problem. Maraming Salamat Po!

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2 Re: Credit / Utang 5-6 on Wed Nov 14, 2012 4:31 pm

neng2


Arresto Menor
im not a lawyer pero ang alam ko is ang 5-6 is illegal..dapat ang porsyento lng na dapat ipataw sa utang ayon sa supreme court is onlt 35% per annum or 3% per month other than that it is immoral. the best thing you do is go to the barangay and make an aggrement na kung pede ay bawasan ang principal or liitan ang tubo at itgil na ang interes total namn malaki na ung naitubo nila at malaki n dn ang naibigay nyo at isa pa kamo mag-kumpare nmn cla. kasi pag pumayag kayo na ginaganyan kau lalo lng nila kaung tatakutin. ang gawin nyo lang is makiusap kung hinde sila pumayag then let them file sa korte ng civil case for claiming sum of money total pag dating dun mediation p dn ung mangyayari tpos ikwento nyo ung buong istorya kung gaano kalaki mag-patubo yan. sigurado ko pag dating dun papagalitan pa cla ng judge baket sobrang laki nila pag-patubo at baka ang pabayaran n lang sa inyo is yung principal n lang ng tunay n utang ninyo. gagawa lang kau ng promisory note dun n magbabayad kau sa abot lang ng makakaya nyo. at ITO ANG TANDAAN NYO WALANG NAKUKULONG SA UTANG. pero ang utang ay utang dapat bayaran.

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