I live here in Singapore. April, last year I borrowed money from a financial company worth 100k. Through the process, I have been very annoyed. They asked me to sign a blank promisory note and disclosure statement. I got angry for asking me to sign blank documents. They said " ganun daw talaga". I was very stress that time so I just signed it. My mom was the beneficiary that they want to put in the paper kahit na she won't get the money, then they asked me fro a guarantor, they said anybody na may business or may documents na nakapangalan sa kanya. So I ask my cousin who was a student then bat may business sila na nakapangalan sa kanya. Then they said they will open a checking account for me para dun daw ihuhulog yung payment.I knew that the interest was 5%. Since it was my first time to loan hindi ko akalain na it's 5% every month. They compute this way, 100,000/12months (1 year payable) then plus 5% of 100,000. So lumalabas na 13,333.33 monthly. I've asked my aunt who open the bakery business for me na sya na magasikaso ng loan ko. So initially the bakery is paying for my loan through my aunt. Then the bakery was closed. i was 6 months delayed for paying before ko nalaman. They have a collector pero minsan late or hindi nagpupunta so minsan nagoove the counter sa banko yung tita ko. Now I decided to contact them through e-mail dahil they started harrassing my mom and threathening her na ikukulong dahil nakapirma daw sya sa kanila. they have my number and e-mail, but they nevery contact me. recently, I contacted the branch area kung san ako nagloan but they pointed me sa collector assistant dahil wala na daw sa kanila yun. So I contacted the collector assistant, asking fro detailed computation because they ask my mom to pay 119k. she kept me waiting just to send me the outstanding amount of principal, penalty and interrest and asking me to pay this week.I ask questions, like why are they charging me penalty and interest for some months na nabayaran na. and the chequing account na inopen nila sakin ay closed na bakit may nagbabounce pa rin na cheque? coz for every cheque na magbounce may penalty and interest uli. they are charging me this way. 13,333 x 15% penaltyx 8months and 13,333 x 10% interest x 7 months. I've for explanation but they just stop responding...
my question is: can my mom be sue dahil nakapirma sya as a benefeciary?
can they also charge me with estafa coz of the chequing account that they open even if I don't have signature in the cheque as they are the one who open that account and that I'v never really seen it?
can they sue me and be asked to go back in the philippines coz of this case?
I hope you can help. Thanks