Comments on: Credit cards and unfair collection practices

By: rhei

rhei — Thu, 10 May 2012 15:25:13 +0000

hi good day!ask ko lang po kc may cc po ako sa RCBC ang dredit limit ko po is P10,000.00,may nagamit po ako before for my grandmother ‘s medical,na max out ko po ung limit ko na P10,000 but i cant make any payment now ‘coz a have 2 kids na nagaaral,.ngayon ung mga nasa law firm po nagpupunta sa bahay and kung anu anung mga cnasabi sa mga tao sa baha.anu puba ang dapat kong gawin?thank you po.

By: kathleen v

kathleen v — Thu, 15 Mar 2012 08:29:38 +0000

hello,
ask ko lang po may utang asawa ko sa credit card yung collection agency tumawag sa akin na dapat kung bayaran kung hindi makukulong asawa ko sanabi ko wala kaming pang bayad ng ganon kalaki yung utang niyang 44k umabot na ng 205k pumayag siyang 44k lang bayaran ko pero dapat isang bigayan lang and giving me 1 month only sabi ko d ko kaya hulugan ko na lang ang kaya ko lang ibigay ay 4k pero ayaw nilang pumayag nagbigay na ko 14k sa kanila pero talagang 4k lang kaya kung ibigay tinatawagan nila biyenan ko tinatakot nila na makukulong asawa ko anong dapat ko pong gawin makukulong po ba asawa ko kasi po pati anak ko kinakausap nila na makukulong tatay nila at kung ano ano pa sinasabi nila pati anak ko po natatakot na rin .

By: poison

poison — Tue, 28 Feb 2012 06:58:17 +0000

it was delivered to our house,pero since i was not usually staying at my house, my father redirected it to my boarding house.di ko alam na dineliver nila ito doon at nireceive.the person who received the cxard never disclosed to me na may nareceive syang card under my name.hindi naman kase ako nag apply for a card,pinadala lang ito ng bank kase daw may account ako sa kanila.nagsubmit na ako ng letter of dispute sa credit card company at sinagot nila ako na ako pa rin ang liable sa expenses incurred even if it was unauthorized.i never knew na may activated card ako until may dumating na billing statement sakin.humingi ako ng copy ng document na pinirmahan ng taong nagreceive ng card dun sa boarding house and i was able to get hold of this document.nakakuha na rin ako ng copy ng signed charge slips from the merchants where the card was used and hindi ko ito pirma.gusto ko pong idemanda ang taong gumamit nito.pano po ang pwede kong gawing steps to file a case.kilala ko na po ang taong gumamit nito.

By: kristine

kristine — Mon, 27 Feb 2012 06:42:37 +0000

@ Poison

did you lost your card? or it was stolen? if yes, report the incident, make a blotter, so that what ever was used in your card would not be your liability.

By: poison

poison — Sun, 26 Feb 2012 10:25:03 +0000

pano ko po idedemanda ang isang taong gumamit ng credit card ko,pina activate nya at pineke ang pirma ko.

By: attyatlast

attyatlast — Sat, 25 Feb 2012 03:09:15 +0000

check this out – BSP Memorandum No. M-2011-040 on Effective Interest Rate Calculation Models for all Types of Loans. It provides a ceiling for interest rates. It took effect last January 2012. I also availed of EWB restructuring program voluntarily cause it’s the only way I could pay my credit card debts with them (i have 2 cards with EWB) at that time. However, I am not so lucky cause I availed of the program in 2011, when the BSP Memorandum is not yet effective. tsk,tsk. You may seek opinion from BSP regarding this thru e-mail.

By: kristine

kristine — Thu, 23 Feb 2012 04:04:53 +0000

@ kay

Its okay to settle your credit liability if you have the means to pay if off, but if your money is enough for you and your family’s basic needs then don’t. Now if you have the money to pay off your principal liability offer the bank in a one time payment. The restructuring program of the bank has too much interest, charges and other fees; as you can see your liability is just 58,000 then went on to 122,000+. Restructuring program should mean what is meant to be, to give lighter terms of payment but it seems its the other way around. Be wise enough in making settlements with the bank especially with collection agents.

By: Kay

Kay — Fri, 17 Feb 2012 04:58:40 +0000

Hi! I have an active credit card account with Eastwest Bank, my outstanding balance is amounting to 58,000, I’m afraid that for the next months I won’t be able more than the minimum payment requirement so I called the bank to ask if they could freeze the account for some time so that the interest rate will not accumulate or if they could totally close the account because I won’t be using it anyway , they told me, they can’t do that however I could apply to restructuring program. I am really burdened by the interest rate and I am having a hard time paying, my credit just goes up and up and I am afraid I won’t be able to control it so I would like to negotiate as early as possible to avoid much problem. When I applied, I submitted many requirements then I was told it was declined. Since I am very much willing to settle my total credit due, I once again called the bank, they discussed that my total credit due amounts to 79,709.45 including pre termination fees of my balance transfers, I reapplied for the Restructuring Program. Finally, someone from their collections department called and told me that still my application is subjected for approval but I needed to sign contracts and submit more requirements the next day, she gave me a deadline for submission or else my request will be declined again. So when I went through the documents, the total credit balance that I have will already amount to 122,752.55 should I sign the 36-months term of payment, plus the fact that I will be included in the list that will affect my credit standing in the future . I thought the restructure program will “help” me but in a way, it will just burry me deeper in agony.
I would like to know, is this really the restructuring program? What can I do right now? Who to ask for help? Thank you very much; I do hope you’ll enlighten me with this situation.

By: NAGNATU

NAGNATU — Tue, 14 Feb 2012 12:30:20 +0000

@og alarcon

yes, nag credit investigation ang mga network companies..kailangan mo masettle mo na ang CC tapos hingi ka ng certificate of full payment, kasi 1 year pa bago ma erase yan pangalan mo sa delinquent…may company kasi na cya yong nagkokolek ng mga delinquent payors…tapos itong mga network or credit card companies na ‘to d’on na sa kanila mag inquire for fee

By: Ogie Alarcon

Ogie Alarcon — Wed, 08 Feb 2012 21:28:52 +0000

Hi po,

May tanung po ako about sa approval ng mga POSTPAID PLAN ng mga cellphone network. Apektado po ba ang approval nito kung sakaling may default ako sa CC? kasi may matagal na ko utang sa CC mga 7 months na po hindi nababayaran, nagrerefelect ba to kahit sa pag approve ng post paid? nag Credit Investigation ba ang mga network companies? kasi hindi naaprove ung inapplayan ko na plan eh kumpleto nman ang pinasa ko, at para plan P350 lang per month di naaprove! tanung lang po…

salamat. OG alarcon