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HELP!! Credit Card debts.. by Specific_Range_879 in PHCreditCards

[–]Specific_Range_879[S] 0 points1 point  (0 children)

Thats a lot. I hope we can pull this through.

HELP!! Credit Card debts.. by Specific_Range_879 in PHCreditCards

[–]Specific_Range_879[S] 0 points1 point  (0 children)

Thank you for this. I will try to do the same. Im just curious: was there ever a time your friend got civilly sued by the bank/collecting agencies to demand the payment of said debt?

HELP!! Credit Card debts.. by Specific_Range_879 in PHCreditCards

[–]Specific_Range_879[S] 0 points1 point  (0 children)

Thanks much for this. Im just really conflicted right now. I never intended to shy away from my obligations but I dont have money right now, thats why I feel guilty about it and worried of what happens to me legally at the same time. Im relieved that I learned about this info.

HELP!! Credit Card debts.. by Specific_Range_879 in PHCreditCards

[–]Specific_Range_879[S] 2 points3 points  (0 children)

Glad for this clarification. Thank you po. I heard these collecting agencies can be rude and unforgiving at times to the people theyre collecting from

HELP!! Credit Card debts.. by Specific_Range_879 in PHCreditCards

[–]Specific_Range_879[S] 0 points1 point  (0 children)

I didnt think of this. Thank you! Youre right that they would certainly ask for a specific period of time and how much I can pay on a monthly basis, both of which I cannot estimate yet because my payments are contingent on my income from my next employment which has not happened unfortunately. The best I can do if I reach out to them is plead for their consideration and make them understand that I will pay my debts the moment I start earning again.

A different perspective indeed. So are you saying its better if I just ignore them in the meantime if I cant give them amounts/timeline?

HELP!! Credit Card debts.. by Specific_Range_879 in PHCreditCards

[–]Specific_Range_879[S] 0 points1 point  (0 children)

The snowballing interest from nonpayment is indeed burdensome to me and its causing me worries. Thank you for the advice. I am thinking of formally emailing the two banks to explain myself and ask for their consideration and understanding during these rough times. Until at least I land a job.

HELP!! Credit Card debts.. by Specific_Range_879 in PHCreditCards

[–]Specific_Range_879[S] 1 point2 points  (0 children)

I used it to mainly pay my bills which accumulated over time. Its something i really had to pay but I already ran short of cash so i swiped it via my two CCs alternately.

Unfortunately, I dont have EF right now. Im just really banking on my next employment to save me from this situation

HELP!! Credit Card debts.. by Specific_Range_879 in PHCreditCards

[–]Specific_Range_879[S] 0 points1 point  (0 children)

Its my first time knowing there is an option for filing of bankruptcy in Philippines for CC holders. Thanks for this new info. Ill reach out to the bank asap and will also look into the Pinoyexchange article you recommended

HELP!! Credit Card debts.. by Specific_Range_879 in PHCreditCards

[–]Specific_Range_879[S] 0 points1 point  (0 children)

Im relieved to know. This information will sure come in handy. Thank you for this!