I have a case on this lending firm Gxxxest Finance Corporation. I have a outstanding balance of 64900. It started Dec. 30, 2010 when they can no longer access my ATM card because that is there way to deduct our loan.
I stop the payment kasi nanganak ako kaya hindi ko na nabayran.. inu na ko muna yung expenses ko kaysa utang ko..
as of now, the barangay captain send me a summon about this issue I have for settlement. so i went to the hearing but they do not want my proposal to pay 2k a month seems i am the head of the family as of this moment.
they will accept the payment of 2k if my 64900 will become 100k. all i want from them is to remove the penalties and charges. seems the money that i lend is already with interest. i lend money from them 50k then meron pa akong balance na 10k so ang nakuha ko lng sa 50k is 32k dahil 2.7% monthly sila. gusto nilang kunin ang atm ko but they will restructure the payment and it reaches already to 100k payable for 3 years. i am so sad on this..
if i will not pay they file a case at claim courts to sheriff our house and get some stuffs under my name or garnish my company salary. my monthly earnings is 12k and i am the head of the family and i have a 4 months baby so if they will garnish my salary what will happen to me? that is the thing i am worried. i do not want to resign because i am happy with my work and it is not easy to find another job as of this moment..
please provide me advise on what will i do. please need help about it