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car mortgaged with demand letter

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1 car mortgaged with demand letter on Mon Mar 28, 2011 1:11 pm

Juvy


Arresto Menor
Hi po.Nakasanla po car ko sa lending company. I pay monthly naman po pero halos 50% lang ng amortization nababayaran ko buwan buwan.Nag end nang ang amortization nung january pero hanggang ngayun, may utang pa rin ako 4 months, amounting to 38K kasi may penalty every month.i pay every month pero kulang kulang lang.Nakareceive na po a ko ng first demand letter kanina lang.Ask ko lang po:

1. Ilang demand letters po ba ang ipapadala bago sila magsampa ng kaso?

2. Hindi ko kaya bayaran ng full ayun sa demand nila. Pero magbabayd naman po ako buwan buwan hanggang mafull-paid yun.Pwede po ba yun?

3. If ma-forclosed yun, up to ilang months ko pwede tubusin?

4. Ano po ba pwede gawin para hindi maforclosed yung sasakyan kahit hindi ako makabayad ng full?

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2 Re: car mortgaged with demand letter on Mon Mar 28, 2011 8:20 pm

attyLLL


moderator
1) i do not know how many they will actually send, but one is enough.

2) only if they agree

3) none, it is effective immediately.

4) talk to them to restructure your loan.


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