Comments on: Helping People With Bad Credit

By: kolin

kolin — Tue, 23 Jun 2009 14:43:15 +0000

I have a credit card which I stopped paying for almost a year now. In that card of mine I also had a balance transfer there from my other card. When the time comes that I cannot meet the amount they required me to pay, I decided to stop paying them because it seems that the amount I paid will only go to the interest. But still I continue to made a payment of 500 or 1000 when I have extra money, One day somebody from the collection agency send me a text message instructing me to stop paying because accdg. to them they filed a case against me. So I stop. Just this afternoon I received again a text message, saying that they will going to publish my photo and my name in a newspaper for ESTAFA and they will seek a warrant to ensure all my obligation will be settled including my references. I have no plans of running away from my loan, I just pay my loan one at a time. I already sit down with the collection agency but they refuse to give me amnesty. Can I be jailed because of this? Are they just threatening me? Am I the only person in this country that has an unpaid credit card? Please help me.

By: Sonnie

Sonnie — Sat, 13 Jun 2009 11:00:21 +0000

Hi Angel,

A bad credit reputation may affect your future loan availments. They can file a civil case against you as it involve monetary obligations, If you issued them post dated checks, they can file a criminal case.

What you can do now is to seat down with the collection agency and make payment arrangements. You can also request them to waive the interest rates and just pay the principal.

By: kirk

kirk — Sat, 06 Jun 2009 07:43:10 +0000

angel, we have d same problems…i need also help coz the law firm told me that they already filed case agaisnt me! how will i know that they’re its true?

By: angel

angel — Thu, 04 Jun 2009 08:44:43 +0000

hi, gud pm! i have 2 HSBC unpaid credit cards for 8mothns now! my visa P33,000 & master P45,000. just this afternoon, i received calls from lawyers daw and they told me that they’re goiing to sue me coz my debt reaches P70,000 and the other card reaches P81,000 ang treathend me taht im going to jail! Are the lawyers right? How can they acquire my properties that I dont even have one coz im leaving in a squatters area? I Told my callers that i have no plan og running away my debt coz its my obligation..And we are planning for a PAG-IBIG housing loan next year..Can I still avail the loan?pls help me..

By: Julia

Julia — Wed, 25 Mar 2009 02:40:59 +0000

Sometimes credit reports what we receive are not accurate as what we think they are. And we can get it redone properly. But in some countries there is no option to go back. Whatever happened is happened. And it becomes impossible to borrow loan or money as you said. Thank you for writing this nice article which helps us to know that we can even stand with the bad credit.

By: king

king — Fri, 05 Dec 2008 21:37:45 +0000

can you also help me regain my credit standing. i cant apply for any loan nor any credit institution. please advise me what to do.

By: Sonnie

Sonnie — Thu, 23 Oct 2008 22:00:54 +0000

Hi Ms. Baby Blue,

@ there is none I know of

By: anonymous

anonymous — Thu, 23 Oct 2008 08:58:49 +0000

i have a bad credit standing too… can you also help me? i just want to know if there are legit debt consolidators here in the phils.
thanks a lot!