2 Million pesos in Credit Card debt - What will happen if I cannot pay my large Credit Card bill?
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- เผยแพร่เมื่อ 17 ก.พ. 2020
- Many people are delinquent in terms of their credit card but what if It balloon to 2 Million pesos.
Here's my conversation with Choiy regarding the concern of one Filipino Citizen who would like to make it right.
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Short and straight to the point. So i subscribed
Thanks
He never mentioned that Section 20 of the Philippine Constitution itself says that nobody can be sent to prison for non-payment of debts.
Hi pano kung sa civil case ka samlahan may right ba sila kunin assets mo?
Thank you sir
Appreciate your support
Tanong q lang po sir kung ang credit card po, na never namin nagamit at may babayaran po kami.
Habang tumatagal lumalaki po makokolong po ba? May natanggap po.kaming email
You can contact the credit card company and ask to waive fees. You need to call or drop by the bank. Ask for an explanation.
Hello po what would happen if someone dies with credit card debt? Is there a legal process to seize assets/house by banks or will they notify the estate first before any action?
After someone has passed, their estate is responsible for paying off any debts owed, including those from credit cards. Relatives typically aren't responsible for using their own money to pay off credit card debt after death. But the banks may take their assets esp if they are in sole proprietorship
@@DavidAngway Thank you. Appreciate your response.
Tanong lng po mern ako credit card debt for 3 yrs then na transfer na po sa collections agency. Na bargain po ung amount tas nabayaran ko naman in full. Pwde po ba ako mag apply ulit ng credit card sa ibang bank?
Yes you can apply again. But it's not always a guarantee that it can get approval. Hoping for them to give you another chance.
hi sir kevin dominguez, kung 3yrs umabot sa collection, malaki po ba pinatong nilang interes? or mgkano po nadiscount ninyo?
@@michaelnino5841 I dont have the exact computation but might as well talk to your lenders
thank you sir your topic very informative
We also appreciate you
What if na victim ka ng fraud tpus nung ng file ka ng dispute pinasa prin sayo. Pag d ko ba binayaran pwdr ba nilang i hold ang equities mo or kunin sa savings mo
They need to usually investigate. Without proper proof that you were a victim it can definitely turnaround.
@@DavidAngway sir pano po yung credit card q fraud ngyn nagamit at name q at no. Q ang ginamit. Kapag po ba na patunayan q n hndi aq yunggumamit Maari ba n malinis pangalan ko at wala n aq bayaran
@@ch5noz188 yes reply to the bank to make sure they can help you
Hi, i have a question po. What if I have a credit card unsettled balance for 2 years na with this certain bank. Now my worry is, the new company that hired me is using a payroll / atm with that same bank. We are advised to send requirements para makagawa ng acc with this bank. Made decline ba ko since may unsettled balance pa ko sakanila?
Hi usually if 50k they usually write it off, but things can change internally. I hope you can ask them what will happen since you still need to pay for it or it might reflect on the credit bureau. We do have that one. It can reflect on your future assessment.
Hello Po meron Po aq bpi credit card pero Pina cancell ko na Po sa banko pero still meron dumating na bill annual fee pero d ko nmn Po na activate ung card pero patuloy pa Rin Po Ang pag taas Ng interest ano may kso Po ba ako dun Kung d ko bayaran d ko nmn Po na activate
Kindly call bpi about it, they can usually cancel it if you have a great standing
Ang laki ng interest eh dapat in consideration nman
That's correct but that's how the bank earn money
Sir pano po kung 7yrs na akong hnd nagbayad ng cc at luminaries na din po ako ng tirahan Dahil nasanla po ang bahay ko dahil din po pinambayad ng utang
May also napo ba ako parka ganon sir
Lumipat na po
Check with the credit card companies uki. You might have a bad record with them depending upon the amount
@@rosaliepenus3634 hi po nakabayad kayu sa card nyu now?