2011 (MMXI)

It is the 2011th year of the Common Era;
the 11th year of the 3rd millennium and of the 21st century, and
the 2nd of the 2010s decade.

The United Nations has designated 2011:
the International Year of Forests and
International Year of Chemistry.

BSP has issued BSP Circular 702 stating
that effective 2011 CC defaulters are
to be notified formally by the banks as to
where their accounts are endorsed.

2010 CHRISTmas Message

I will stop being a corrupt government employee;
I will learn how to smile often;
I will not let money control my life;
I will stop earning money thru deceits and inhuman ways
like credit card collectors do;

---------------------Proverbs 30---------------------
7 O God, I beg two favors from you before I die.

8 First, help me never to tell a lie.
Second, give me neither poverty nor riches!
Give me just enough to satisfy my needs.

9 For if I grow rich, I may deny you and say, "Who is the LORD?"
& if I am too poor, I may steal and thus insult God's holy name.

Bawal Kunin

Collectors often times tell you that they will come to your house and
get your things.

Without a Search Warrant or a specific Court Order, NOBODY can do
that.Otherwise, it's robbery!

Even if there is a decided case against you, there are things which
creditors cannot get.
See Sec. 13 Rule 39 of the Rules of Court for details.

Old electric fan? ano naman gawin nila doon? Pero pag pumilit,
Bigay mo na!

:))

S U M M A R Y

They cannot get your things.
if they want to,
- they have to file a case first.
- obtain a favorable judgment.
- look for a property na:
- real estate
- cars
which are :
- not mortgaged
- equal or below your utang
otherwise, they have to give you the excess value
(sukli)

Draft Complaint

One of the tricks of collection agencies is
to write you a demand letter, then attach yung
"draft complaint" kuno.

I dont see any logical purpose in doing so, except
maybe to coerce and fool you into paying - tinatakot ka.
blackmail? at niloloko. fraud?

What to do?
write them a letter:
Sir, I will pay in FULL today!!!!
p.s.
this is just a DRAFT letter.
lol!

or better yet, tapon.

why do they have to fool people to collect
is beyond me.