Dear Attorney,

I have a loan with Asialink Corporation. I missed my payment once and my checking account got closed. Di sila pumayag na palitan ko yung cheques nang bago. Ipapabayad talaga nila sa akin yung balance and existing monthly. Everymonth lumalaki ang payables ko kasi nagchacharge sila nang late payment and close account penalty dun sa cheque.

Nagbabayad po ako everymonth, pero mas mababa eto compared dun sa talagang dapat bayaran ko. Yung total penalty po na na charge nila sa akin ay aabot nang 50,000. This July, my loan is about to due. They are telling me if di ko po ma fully pay by then, they will pull out my car.

Can they take my car even if nagbabayad po ako monthly?

Thanks po


Julie