Saturday, May 28, 2011

No Such Thing



1. Credit Runaway - a collector's English for "tinakbuhan ang utang"
2. Litigation Department of the Bank - banks have legal departments only.
3. Legal Visit - an extortion term for harassing defaulters.Illegal visits,meron.
4. Ocular Inspection - a nonsense term of evaluating assets only by looking.
5. Coordinate with INTERPOL, Armed Forces of the Phils.;Dept. of Foreign Affairs.
bonga!
6. Warrant of Arrest - Why inform you in advance if true? di nag-tago ka na!
7. This is Atty. Ekek - Lawyers calling as collectors is toooooo
degrading ; Collectors calling as lawyers is a fraud.
8. Collectors filing a case - It's like a janitor telling you to clean the toilet.
9. Amnesty - Paano ka magka-amnesty, ZERO ka na sa libro ng banko?
10.Cert. of Full Payment - Why cant they simply issue an OR stating "FULL PAYMENT?"
11.Pre-legal department - huwaaat?!! nabilaukan ako!

Saturday, May 21, 2011

Trick Or Threat



TRICK
Amnesty Program

Your debt is now P 1,000,000.00 but because we care,
you will just pay P 10,000.00 within Five (5) days
and you will have your "Certificate of Clearance"
otherwise :

THREAT
We will file a case against you.

1 Warrant of Arrest
2. Ocular Inspection
3. Hold Departure Order/Worldwide Ban
4. RA 8484
5. Barangay Referral
6. Preliminary Attachment
7. Withholding of Salary
8. Write/Call Your HR
9. Imprisonment
10.Negative Data

If you dont want to be tricked,
dare their threat.

simple.

Friday, May 13, 2011

BSP Cir. 702 Series of 2010



Collector: M'am, Sa Coercion Agency ito. ano po ang plano sa utang ninyo?
M'am : Sir, wala pa po akong natangap na endorsement ng Shitty Bank
na kayo ang AUTHORIZED collection agency. Puende antayin natin?


-end of conversation-


BSP Cir. 702
Series of 2010

1.Inform CC Holders that their accounts will be endorsed to a collection agency at least seven (7) days before actual endorsement;
2. Requires banks to implement procedures so that collectors shall IDENTIFY themselves ( no more Atty. Collector or Tenyente Guevarra) ;
3. Penalties : first offense - Reprimand of Director/Officer ( Vice President?)
4. Effective: Jan. 1,2011 ( more or less)


--------------

Credit card users urged to report abusive collectors
01/24/2011 | 07:11 PM

TERESITA S. LISAMA
Acting Deputy Director/Head
Financial Consumer Affairs Group
Central Supervisory Support Subsector
Bangko Sentral ng Pilipinas
Mabini, Manila consumer affairs@bsp.gov.ph

http://www.gmanews.tv/story/211374/credit-card-users-urged-to-report-abusive-collectors

Saturday, May 7, 2011

Crazy


You cant pay anymore.
so you went to the bank for restructuring of your account.
they wont.
Instead, they merely referred you to their abusive collectors.
Option?
Wait if they take you to court.
Same thing will happen anyway :
there will be compulsory negotiation to lower your debt and waive interests;
the judge will allow you to pay in installments at 12% per annum,
meaning - restructuring of your account pa rin.
at kausap mo pa rin ang bank.
crazy.

Saturday, April 30, 2011

Ang Utang Ay Dapat Bayaran



Hinde sa lahat na panahon.


-----------
http://failuretopaycreditcard.blogspot.com/2009/05/let-pictures-speak.html

Thursday, April 21, 2011

RA 8484 Once Again. With Feelings.



News Item :
US hacker pleads guilty to credit card theft
Agence France-Presse
First Posted 04:45:00 04/22/2011

Rogelio Hackett, of Lithonia, Georgia also admitted selling
credit card information and counterfeit cards to acquire
gift cards and merchandise.

Tens of thousands of fraudulent transactions were traced to
the card numbers acquired by Hackett, totaling more than $36 million.


If you are NOWHERE similar to this incident,forget RA 8484!

Sunday, April 17, 2011

In Debt Trouble



Why are OFWs drowning in debts despite the huge salaries?
Following are the feedback I got from our preceding chapter:

1.OFWs,especially in the Middle East, earn a lot but spends a lot too.
"malaki ang sasahurin doon pero ang bayarin namn kinuha na ang 75% ng sahod.

2. Payment of their salary are more often delayed
"marami din sa ating kababayan eh hindi sumasahod ng 2-3 months"

3.When faced with financial success, most people can't handle it
a)I have a kin working as an engineer. they were able to buy a car, me mga expensive gadgets at gamit sa bahay. they were doing fine, until lately, when he began to invest in all luho there is. the wife gets maluho na rin. di contented sa simple joys na kinagisnan nila.
-natutong magsugal si mister.
-at siguro, natuto rin mambabae.
now, they are deep in debt, di na kasya ang perang pinapadala because kulang pa pambayad sa luho at bisyo. dito nasira ang buhay nila. sa bisyo, at sa luho.

b)I have another cousin, who also works as a machinist .
before kasya na sa kanila ang php25k a month na sueldo.
when my cousin got this job, di na nagkasya ang sueldo, which is more than php50. ang reason?
- ang asawa naging maluho,
- and mga anak naging maluho.
- the wife stopped working, kasi kumikita naman daw si mister.
everytime my cousin comes home, the dough he takes home isn't enough to pay the debts the wife incurred, when all the while, me monthly allotment si wife. kaya my poor cousin had to borrow money, everytime.
Why? malakas ang loob gumastos kahit konti lang ang pera mo, thinking payday is just a few winks away.

I like this thought :
ISA LANGPO ALAM KO NA REASON..."PAGMAMAHAL SA PAMILYA"...

Posted advice and reminder for OFWs in the Middle East:
Nandito ka para mag-ipon ; di mangutang

love your family.
but dont spoil them.
:)

(thanks to all who shared their thoughts)