I have a money loan is PSBank since 2003. I have been diligently paying interest since I took the money from the ATM machine, however, due to financial and personal problems, I stopped paying the interest since 2007 or 2008. My loan of P110,000 started to mount up so the bank started chasing me, to the point of calling my colleques telling some nasty words. What I did is I went to the PSBank office for discount to settle but to no avail until they stop chasing me.
On 2009, i was retrenched from the company, by 2010 I received a call from our baranggay in Cavite where I live... it so happen that they from PSBank.. they went to our house and there I am requesting if possible to settle only the capital since my loan reach to P785,000... however, no settlement happened.
Last week, my family in pangasinan received a call from a certain atty. he ask my family to contact me, that he can help me with my Loan... when my husband call, my loan of P110,000 reached to P2.5M pesos already.
I am working right now in singapore, since I cannot find work in our country. My maximum NET salary is only 26K pesos(converted) since living cost here is very high. My husband is unemployed and under medication. When I call the atty, he is asking a settlement of 700+K which i cannot comply because my income is enough for my family basic needs. I have 3 children. My eldest of 20 years old, an autistic and the other 2 are in high school. The Atty told me that he can bring me back to the philippines if they want to. He will also bring my house for foreclosure which is already under foreclosure through Pag-ibig...We are really incapacitated to pay a large amount... I can only settle for a monthly little sum of money...
I am really stressed from my work here and cannot embarassed to share my problems with my colleques... Can you please advise me what possible measure to undertake regarding is mounting money cash loan from PSBank? I really really need your advise...I am so depressed that I don't know what to do.
I hope to hear from you soon.