Loans have always been a part of me coz I worked and even started departments for new banks for their Salary Loans and in the past I have also been in the personal loans department of some banks.. I also handled a branch of a certain international financing company that also handled collections..
Napakadaming sindikato na nakakapasok sa mga bangko at financial institutions at nanloloko.. Some have tons of IDs with fake names, fake payslips, fake Certificate of Employments, even utility bills na hinigi kung kanino lang.. then if you credit investigate them they have fake people talking to you on the phone.. Saying that the person being investigated is a friend or an officemate..
I am telling you.. banks/collectors have the reason to humiliate people who really are knuckleheads.. mga ayaw talagang magbayad at manloloko.. I handled collections and I have seen people who do not pay even though they have money for 90 days, 180 or even a year.. Paano ang gagawin ng bangko just to be able to collect.. humiliate, berrate.. alam ko hindi dapat but some people deserve more humiliation.. Kasi balasubas ang madami sa umaabot ng 90 days Past Due..
I handled one account before.. the guy has a new REVO, a new house, etc.. But can't pay a P20K loan.. I tried be-friending they guy, offering him restructuring clauses, and giving him more time.. Promises were given.. and after 2 months.. wala!!! So, I asked my collector to bully the guy? I did.. Why? Because ano pa ang magagawa mo? Pilitin mo na dahil your job is on the line.. I do not collect up to the extent of threatening but only enough to humiliate the person.. Siguro sa kakakulit mo baka magbayad kahit kaunti.. Alam mo I do think na up to now hindi nagbayad yung taong yun..
I now have my own business.. ano ito? Utang mga chong.. I have my own company that gives out loans to common people.. Micro Financing.. usually to small businesses.. palengke.. merong daily collection, weekly, at semi-monthly.. Interest rate: 6% per month.. Malaki ba? Well, compared to 5-6 and emergency loans wala yung rate namin.. How much ang past due rate ko? Malaki.. Almost half ng portfolio (35% siguro).. There are even collectors who took money from us.. actually, stole is the proper word.. May nakulong at meron nagbabayad pa din up to now.. Isipin niyo.. 300,000 ang ninakaw.. tapos 500 na lang a week ang bayad.. Lugi kami? Hindi.. We are earning and can buy the things we like and need.. May pera sa utang.. Wag lang magpapaloko masyado.. Kundi babagsak ka..
In this business, you need to know who to give loans to.. how much.. payment terms/conditions and you need to have an interest rate to cover your would be expenses and past due accounts.. And you must know how to collect.. when to understand the borrower and when to use scare and humiliation tactics..
Just my two cents.. Be
guys!!! And please remember: Walang nakukulong sa utang.. kaso you know what karma is.. WHAT GOES AROUND COMES AROUND!!!!