Free Legal Advice Philippines

Disclaimer: This web site is designed for general information only and does not create attorney-client relationship. Persons accessing this site are encouraged to seek independent counsel for legal advice regarding their individual legal issues.

Log in

I forgot my password

You are not connected. Please login or register

car mortgaged with demand letter

Go down  Message [Page 1 of 1]

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


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?

View user profile

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


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.

[i] Visit our FB Page: FOR MORE LEGAL ADVICE  
Warning and Disclaimer: I am not your lawyer; and you are not my client. With the limitations of an  Internet forum, a thorough review of your concern is not possible. View my comments at YOUR OWN RISK. It is best to actually retain a lawyer for your individual concerns.
View user profile

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum