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unpaid credit cards & bank loans w/ PDC

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1 unpaid credit cards & bank loans w/ PDC on Thu Feb 10, 2011 1:13 pm


Arresto Menor
hello po. hingi po ako ng advice regarding my unpaid bank lons at credit cards. nakakatanggap ho ako ng mga demand letters and text messages pero di ko sinasagot dahil wala akong maco-commit sa kanila kung kelan ako pwede magbayad. one year na po akong jobless at ako lang ang breadwinner dahil ang asawa ko ay nagka-stroke at half paralized na. May inaasahan ho akong trabaho by March or April at makakabayad na ulit ako sa kanila ng monthly payments by that time. Sa ngayon,5 months na akong overdue at ipa-file na daw nila sa court ang kaso ko within a week. Mas mainam ho bang makipag usap ako sa kanila kahit wala pa akong mai-commit na payment bago sila magfile sa court, or sa court ko na lang sila harapin at pakiusapan? Pag hindi ho ako makapagbayad,pwede ba nila kunin ang mga properties ko (house & lot at appliances)at ipakulong? Gaano ho katagal ang process na ito?

salamat po sa inyong advice.

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2 Re: unpaid credit cards & bank loans w/ PDC on Fri Feb 11, 2011 10:12 am


for the credit cards, don't transfer office or residential address without informing the company to avoid presumption of fraud.

try to avoid personally accepting any letter from the bank regarding any checks.

keep talking to the bank. they can indeed initiate a collection case against you, and once the case reaches finality, properties registered in your name can be taken to satisfy the award.

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