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Contract End Resigning and Loan

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1 Contract End Resigning and Loan on Wed Oct 12, 2011 3:13 pm


Arresto Menor
Hi Everyone,

Can anyone, please give me advice, Iam about to get hired by another company and I have a situation in my current one the thing is.

1. My contract with my current employee has ended and Iam a regular Employee. the only thing that binds me in the contract is the 2months turnover phase, where in they allow me to have a day leave every week in the 2nd month of it.

2. I have a somehow a big loan more that I will get from my 13month and last pay calculation.

3. the question is.

3.a. they will not give me the 13month and will be dedcuted to my loan, what will happen to the remaining, can I pay it in amortized basis as i cannot pay it in

3.b. is it legal for them to put an interest on it because Iam not there employee anymore?

3.c. if 3.b. is ok, what should come first (loan - 13month) before the interest or interest muna before deduction. because logicaly thingking i think deduct muna yung 13month ko before nila interest. ano po ba maadvice nyo s situation ko.

thanks po, in advance

Nick Ace

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2 Re: Contract End Resigning and Loan on Fri Oct 14, 2011 12:39 pm


Arresto Menor
Hello po, can anyone please give me advice...from logic kaci they supposed to deduct muna everthing before they put interest in the remaining,
did anyone encounter or know same situation.
Pls help

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3 Re: Contract End Resigning and Loan on Sat Oct 15, 2011 10:14 pm


negotiate with the company on how to settle the loan. if there is no written agreement on interest, i would argue none is payable

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4 Re: Contract End Resigning and Loan on Fri Oct 21, 2011 12:49 pm


Arresto Menor
I did try to negotiate, but we have a second meting before i leave the company hopefully everything will be fine,

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