Sunday, June 1, 2008
My Worse Nightmare
Gas prices going up daily that you want to kill yourself? It's nothing compared to the daily harassments CC victims experience. Here's the real worst nightmare:
HI everyone. I've been reading posts here and want to share my 2 cents.. I've been through a tedious court case involving a loan with usurious interest. It's now in CA on appeal by the other party claiming i need to pay principal + interest + compounded interests. My claim is to pay only the principal since we don't have any written agreement. Nanalo na ko sa RTC, so inelevate nila sa CA. Being involved in a case like this opened my eyes to our civil rights and legal rememdies available to people na nababaon sa utang. Believe me, DON'T GET INTIMIDATED BY THE PROSPECT OF BEING SUMMONED TO COURT. Judges favor mediation between parties. Pag umabot na sa court, mas malaki nga ang mase-save niyo lalo na if you tell the judge you can only afford a certain amount to pay. Ex: may judge na sa isang BP22 case may utang na 78T, e 10T lang ang pinabayad ng judge dun sa pinagka-utangan nung tao na may case filed na bouncing check. Maniwala kayo, di kayo pakukulong ng judge sa utang.
Yes, my case is against a couple. The amount we're talking is in the millions. Actually nag claim na ako na bayad na ang utang ko, sa laki ng interest na naibayad ko na sa couple na ito. Sabi nga ng RTC may utang pa sila sa akin na P2M. Kumbaga, I already overpaid due to the unconscionable interest charged me, e wala naman kasing written agreement. However in the case of credit card, may agreement tayong pinipirmahan right? Kaya lang super unconscionable din ang interest nila. Ang point ko lang, most of the concerns here are apprehensions about being haled to court for credit card debt. Gusto ko lang iparating sa lahat na HUWAG MATAKOT SA COURT ORDER kung totoong umabot na sa demandahan (however in the case of most cc companies e pananakot lang ang ginagawa). Based on my experience (meron na din akong several experiences on failure to pay cc dahil nga dito sa malaking pagkakautang ko sa couple na ito, di ko na nabayaran cc bills ko), I would rather face a judge in court than face creditors na tatakutin ka sa garnishment, etc. Alam nyo bang mag-file ka lang ng case e malaki na gastos mo? You have to pay filing fees, lawyers fees, not to mention the hassle of attending hearings.. cc companies avoid going thru all this expense and hassle, kaya inaasahan nalang nila ang collection agencies or insurance.
alam ng mga cc companies na pagdating sa court ng collection case, e sa mediation lang ang bagsak, meaning, magkakatawaran din sa harap ng judge. this is what usually takes place before the judge during a mediation between creditor and debtor:
judge: how much is the amount we're talking about?
debtor: Php xx amount, say P100t
judge: both parties are willing to settle?
judge: debtor, how much can you afford to pay?
debtor dictates the amount. kahit sabihin mo P5t lang kaya mo ibayad the judge will accept that.
judge: creditor, can you accept that amount?
usually pag sinabi ng creditor unacceptable, the judge will encourage tawaran between parties to arrive at a settlement beneficial to both parties. the judge knows how much cc companies suck on the blood of debtors kaya mas pinapaboran nya ang pobreng debtor.
ayan, narinig ko na ito while sitting in several courtrooms during the course of my case. sana mapanatag na kayo.
siempre this is not always the case but ito lang yung sinasabi kong reality.
From the post of Sanay Na