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Loan with excessive interest

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1 Loan with excessive interest on Thu Apr 07, 2011 12:14 pm

jusmike


Arresto Menor
Good day sir!
May loan po kasi ako sa isang tao amounting to 50,000.00 noong 2004 pa. Ang interest po na pinagusapan namin ay 10% per month. Alam kong masyadong malaki pero pumayag po ako dahil gipit ako ng panahong yun. Pinag-issue niya ako ng checks para sa payment pero nakiusap ako na huwag ideposito dahil hindi ko napondohan sa oras. Nagsara na ang account ko sa bangko dahil sa mga ibang check na nagbounce. Hawak niya pa rin po ang ibang checks na hindi ko pinadeposit. Magagamit pa ba niya ito against sa akin? Ngayon ay sinisingil niya ako ng 150,000.00. Dapat ko po bang bayaran talaga ang 150,000.00? May maikakaso po ba siya sa akin kung sasabihin kong yung 50,000.00 lang ang babayaran ko?

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2 Re: Loan with excessive interest on Sat Apr 09, 2011 9:14 am

attyLLL


moderator
do you have a written agreement that you will pay 10% interest? or that he lent you only P50,000?

how many checks did he actually deposit? the law presumes that the check was validly issued for value, and if it was dishonored, you can be held liable for bouncing checks.


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3 loan with excessive interest and penalty on Fri Apr 29, 2011 4:29 am

carolramos


Arresto Menor
Good day!
Hingi lang po ako ng advise regarding sa loan ko sa isang tao amounting to 10,000...ang term po kc na binigay nya ay 5 days tapos 20% ang interest, pag di nabayaran within 5 days magkakaroon ng penalty na 4% per day kaya pag binayaran after 10 days ang magiging total ng babayaran kasama ang principal ay 14,000 in 10 days pa lang po, pag di pa rin nkabayad within 1 month which is 30 days magiging total po ng babayaran ay 32,000. ganun po kalaki ang interst and penalty nila kaya ung utang ko po na 10,000 inutang ko po un bandang july 2010 pero mula nung inutang ko po un nagbibigay lang po ako ng interest every 5 days na 2,000 kaya lang po nagkapatung patong ang problema namin kaya di na ako nakapagbigay sa kanila ng interest every 5 days mula nung september hanggang ngaung april, pero nkapagbigay po ako ng bale 20,000 nung october & november...nung tanungin ko cya kung magkano na inabot ang utang ko sabi less than 100,000 daw binago n lang daw nila ang computation para hindi n masyadong lumaki. Pero kung iisipin po sana nila 10,000 lang po ang principal tapos ang naibayad ko na sa kanila na interest cguro inabot na po ng 45,000 lahat. Willing naman po akong bayaran ang utang ko kaso lang po hindi ko na alam kung paano kasi sobrang laki na po talaga inabot, nakikiusap naman ako na kung pwede bayaran ko na ung principal tapos ung mga interest at penalty hulug hulugan ko na lang para stop na nila ang interst at penalty tutal malaki na rin naman ang naibayad ko sa kanila ayaw naman nilang pumayag.
Hingi po sana ako ng advise kung ano pwedeng gawin, pwede po ba akong magreklamo? saan po kaya? ano po ang reklamong pwede kong isampa sa kanila. Wala po kaming kasulatan na pinirmahan.

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4 Re: Loan with excessive interest on Sat Apr 30, 2011 3:26 pm

attyLLL


moderator
you can file your own complaint for consignation of your payment to the court. i recommend you pay P10,000 and that's it. the interest rates are unconscionable.


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5 Re: Loan with excessive interest on Mon May 02, 2011 3:01 pm

carolramos


Arresto Menor
ok sir, i will do that, thank you po.

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6 loan agreement on Mon Jun 13, 2011 5:03 pm

annejae


Arresto Menor
Hi po,

Gusto ko lang po humingi ng advice sa next step na dapat kong gawin. May pinautang kasi ako na Php300,000. Medyo tumagal na kasi yun utang nya for three years kaya pinagawa ko po siya last January ng notarized written debt agreement at nilagyan po nya na bayaran nya po ito in May 2011. Since natapos na po ang month of May, at wala pa rin po ko nareceive na kahit ano sa kanya, Itatanong ko lng po kung ano ang dpat na gawin ko. Sana matulungan nyo ko.

Thanks,
Anne

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