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#1 lomex32

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Posted 25 September 2006 - 03:04 PM

Life indeed may be tough and sometimes we can be bountiful....

On such times....

Kanino ka umuutang?
1. Credit Cards
2. Bank
3. Parents
4. Siblings

Kanino ka rin nagpapautang?
1. Siblings
2. Officemates

#2 CodenameV

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Posted 25 September 2006 - 05:33 PM

Ideally, Letting somebody you know and trust borrow money from you shouldn't be a problem. However, some people who are asking you to make "utang" to them seem to have the mis-impression that you are giving them the money or make it very difficult for you to collect it from them.

#3 the messiah

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Posted 25 September 2006 - 07:24 PM

It is one of my principle in life to never borrow money from other ppl, pero credit card ok lang :)

#4 cyberdude

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Posted 25 September 2006 - 11:33 PM

yeah me too, as much as possible i dont want to borrow money from other people. its a good practice and para madisiplina ko din sarile ko when it comes to spending hard erned cash. After ko mabayaran utang ko sa Credit card pina-cut ko na agad he he ..

#5 andrewfordmedina

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Posted 26 September 2006 - 10:11 AM

It is one of my principle in life to never borrow money from other ppl, pero credit card ok lang :)


I admire your principle Aldrich.

but years ago, I stopped borrowing from credit card companies. I realized that they could charge exhorbitantly especially during times that I am not able to meet deadlines. Hence, I began by modifying my lifestyle to make it a lot simple and devoid of most "luho" and I earnestly paid each of my 7 credit cards.

during crunch times, i usually borrow from my mother and pay it on or before the date we agreed I will return the money.

at one occassion, i borrowed from our executive secretary and my own boss, the CEO, when my daughter had to undergo operation. i am still paying for the money i owe our good secretary.....as to my CEO....he said i pay it when i can.

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

as to who i lend to......

i also lend to my mom in the same princple she lends to me.
officemates
even cleaners (usually i don't require them to pay it back)
neighbor......especially when her children are sick.....i just can't stand it knowing that the child is sick and can't have any medicines

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

i give to:
-this one girl selling rags at the corner of quirino ave and sshway; without getting any of her rags. :hypocritesmiley:

#6 lomex32

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Posted 26 September 2006 - 10:40 AM

Lifestyle indeed must be proportional to earnings.

yeah me too, as much as possible i dont want to borrow money from other people. its a good practice and para madisiplina ko din sarile ko when it comes to spending hard erned cash. After ko mabayaran utang ko sa Credit card pina-cut ko na agad he he ..


A good one .....
When people borrow money, it connotes something is not right and requires real life adjustments.

It is one of my principle in life to never borrow money from other ppl, pero credit card ok lang :)



#7 xcalibr

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Posted 26 September 2006 - 03:07 PM

As much as possible I would not want to borrow some money. I like living within my means and I want to keep it that way.

I am using my credit cards. It is, in a way, a form of borrowing. I only have 2 credit cards. 1 as my main credit card and the other for back-up. Just in case i need to spend more than my credit limit :D. I may say that I am a responsible credit card holder as I pay the balance in full on my due date.

#8 the messiah

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Posted 26 September 2006 - 04:47 PM

I admire your principle Aldrich.

but years ago, I stopped borrowing from credit card companies. I realized that they could charge exhorbitantly especially during times that I am not able to meet deadlines. Hence, I began by modifying my lifestyle to make it a lot simple and devoid of most "luho" and I earnestly paid each of my 7 credit cards.

during crunch times, i usually borrow from my mother and pay it on or before the date we agreed I will return the money.

at one occassion, i borrowed from our executive secretary and my own boss, the CEO, when my daughter had to undergo operation. i am still paying for the money i owe our good secretary.....as to my CEO....he said i pay it when i can.

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

as to who i lend to......

i also lend to my mom in the same princple she lends to me.
officemates
even cleaners (usually i don't require them to pay it back)
neighbor......especially when her children are sick.....i just can't stand it knowing that the child is sick and can't have any medicines

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

i give to:
-this one girl selling rags at the corner of quirino ave and sshway; without getting any of her rags. :hypocritesmiley:



tenks dud, talking about credit cards.... b4 collections dept ako sa hsbc and ol i can say eh pamatay talaga mga interest ng bangko, isa to sa primary eaner sa dept ng bank eh, mas malaki pa ang interest na nakukuha nila dito compared sa loans

Edited by Aldrich_Baccarat, 26 September 2006 - 04:52 PM.


#9 transcience

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Posted 27 September 2006 - 07:47 AM

i don't want to borrow money from other people too. i use credit cards and bank loans. ayoko ng may utang na loob eh.

i lend money to my siblings and parents. bihira lang sa friends.

#10 X

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Posted 27 September 2006 - 07:51 AM

Well, this is one indication of success, especially here in the Philippines.

Kapag mahirap ka, ikaw ang nangungutang.

Kapag asenso ka na, ikaw na ang inuutangan.

(And I don't mean the loans made by businessmen to expand their business).

#11 andrewfordmedina

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Posted 27 September 2006 - 02:18 PM

Well, this is one indication of success, especially here in the Philippines.

Kapag mahirap ka, ikaw ang nangungutang.

Kapag asenso ka na, ikaw na ang inuutangan.

(And I don't mean the loans made by businessmen to expand their business).


It's also a good measure of success.....yung mga nangungutang, I mean....

If people or institutions lend you money.....that means you have a good credit history.....

#12 cong rey aquino

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Posted 27 September 2006 - 11:11 PM

ANG PANGUNGUTANG DOES NOT MEAN YOUR POOR OR WALANG KAYA. ITS CALLED PROPER USE OF YOUR FINANCES.

isipin nyo, utang ka at rate of 12%pa.a., pero yung pera na inutang mo, pwede kumita ng 15%p.a.


eh di, kumita ka pa.

#13 diver_703

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Posted 29 September 2006 - 01:03 PM

sa pinas kalimitan, utang means trouble... ang hirap maningil tapos, mga wala pang kusang magbayad...

#14 igol ays

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Posted 30 September 2006 - 12:20 AM

if you determine that the borrower is genuinely in need
and you have the means or extra funds to help
do your share and help out (kahit utang kalimutan) :)
you'll feel good about it

#15 BnF95

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Posted 30 September 2006 - 11:40 PM

Neither a borrower or a lender be.

#16 lomex32

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Posted 02 October 2006 - 08:51 AM

Indeed, specially if it was a life-and-death situation...

if you determine that the borrower is genuinely in need
and you have the means or extra funds to help
do your share and help out (kahit utang kalimutan) :)
you'll feel good about it



#17 TMX_626

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Posted 02 October 2006 - 09:17 AM

Life indeed may be tough and sometimes we can be bountiful....

On such times....

Kanino ka umuutang?
1. Credit Cards
2. Bank
3. Parents
4. Siblings

Kanino ka rin nagpapautang?
1. Siblings
2. Officemates



i borrow from my parents. :blush:
pag wala na... i borrow from "lending institutions" (3% p.a.) payable with post dated cheques.
Siblings.... pag pang -gas or pampa-carwash... pag walang mabunot sa bulsa.
Sa cooperative namin... 100K. :blush:
So far, as long as you keep your debt profile good and liquid.... walang problema jan. But as soon as you start missing payment dates. ibang usapan na yan. u need to prioritize and re-assess your finances.

usually, nagpapautang ako sa janitors namin. other than them, wala na. Hindi ako nagpapautang sa alam ko na hindi nagbabayad, kahit na kamag-anak namin. Ayoko na pagsisimulan iyon ng hindi magandang pakikitungo namin sa isat isa. Hayaan ko sya na maasar or magalit dahil hindi ko sya pinautang. At least, hindi ako ang maasar dahil hindi ako makasingil sa kanya. :mtc:

#18 lomex32

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Posted 02 October 2006 - 01:38 PM

Thats good.

Debt profile is a factor when someone looks at your credit standing.
Banks have ways on looking at your debt profile.
They look at for any legal cases that resulted from your bad loans.

Missing payments like it or not, reflects our character ...
Kasi kung pinautang ka sa oras na kinailangan mo, bakit di ka naman magbabayad sa oras na takda ...



i borrow from my parents. :blush:
pag wala na... i borrow from "lending institutions" (3% p.a.) payable with post dated cheques.
Siblings.... pag pang -gas or pampa-carwash... pag walang mabunot sa bulsa.
Sa cooperative namin... 100K. :blush:
So far, as long as you keep your debt profile good and liquid.... walang problema jan. But as soon as you start missing payment dates. ibang usapan na yan. u need to prioritize and re-assess your finances.

usually, nagpapautang ako sa janitors namin. other than them, wala na. Hindi ako nagpapautang sa alam ko na hindi nagbabayad, kahit na kamag-anak namin. Ayoko na pagsisimulan iyon ng hindi magandang pakikitungo namin sa isat isa. Hayaan ko sya na maasar or magalit dahil hindi ko sya pinautang. At least, hindi ako ang maasar dahil hindi ako makasingil sa kanya. :mtc:



#19 BnF95

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Posted 02 October 2006 - 02:02 PM

Thats good.

Debt profile is a factor when someone looks at your credit standing.
Banks have ways on looking at your debt profile.
They look at for any legal cases that resulted from your bad loans.

Missing payments like it or not, reflects our character ...
Kasi kung pinautang ka sa oras na kinailangan mo, bakit di ka naman magbabayad sa oras na takda ...


What's insane is how the banks "fix" their loans. I've a friend who borrowed 60M from a bank, as collateral, she put up her property worth (at that time) 65M (bank assessed "loanable" value). Over the course of 12 years, she paid some 140M, but due to complex restructuring by the bank, she ended up losing the property as well. :thumbsdownsmiley:

#20 the messiah

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Posted 02 October 2006 - 08:47 PM

What's insane is how the banks "fix" their loans. I've a friend who borrowed 60M from a bank, as collateral, she put up her property worth (at that time) 65M (bank assessed "loanable" value). Over the course of 12 years, she paid some 140M, but due to complex restructuring by the bank, she ended up losing the property as well. :thumbsdownsmiley:


banks hehehe, you think they are there to help you?? hell no at the end of the day pera pera lang rin yan, they serve the interest of the stockholders




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