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.

Balikbayan

Nobody can prevent you from entering your home,
how much more your own country.

If you have a pending criminal case here,
baka puede pa.deretso sa jail.
But utang? of course not.

Remember :
There is no such thing as " Do Not Enter"
order being issued by a court.

Further reference:

http://failuretopaycreditcard.blogspot.com/2010/08/going-abroad.html

The End

Even if they file a thousand cases against you,
if you have NOTHING to pay
(e.g. time deposits, condo and/or a Ferrari)
you pay them NOTHING.

Hinde ka naman puede i-harap sa firing squad.
You might end up like Jose Rizal!

Even if you attend or not,
Even if you hire all the lawyers for FREE
the decision is always " You Pay"
eh, you have nothing to pay?
di, "wala"
#-o

-----------
n.b.

Before any of you wise guys starts thinking of something else,
let me clarify:
I am NOT advocating non-payment;
I am just advocating using your common sense.
(especially for the so called "credit managers")
(the defect could really be in your own credit initiation)

BSP Complaints

After complaining to BSP,
they will ask the bank to write you.
eto ang standard reply ng bank:

With respect to your particular experience, we have called the attention of the collection agency concern and have issued an appropriate reminder so as to...( and other ek-ek)


eto ang mabigat:

HOWEVER,we would like to remind you that, based on our records, you still have an outstanding balance of P xxxxx, which .....


Now, tell me if it's really worth it.