Quagmire2008

By law, credit card non-payers are protected because just like any other business, sometimes people experience downturn in their financial capabilities so it is just a civil case. But in actual practice, banks/financial institutions have a certain percentage (3% me think) of total loans given as potential bad loans. Now banks/credit card companies are fine with that because the interests and charges far outweigh the effect of these non-performing loans. In other words, it is accepted and what the banks do is to sell them to special purpose vehicles like collection agencies at very very low price. (sometimes at only Php 1 ) Now if the borrower doesn't know about this, collection agencies do everything to collect on something bought at very low price (next to nothing). Now why do banks/credit card companies don't collect themselves? It is because if the good borrowers know that "Hey, they can give discounts or even offer below principal balance settlements, why should I continue to pay?" Now that you know this, should you pay collection agencies who won't go to court because there is no certainty that the borrowers will pay who simply bought the rights on something that banks/credit card companies are willing to accept?(i.e. non-performing loans)

Okay sana ang Little Pio's Shawarma sa New York St., Cubao, QC. Di lang maganda ang presentation ng lugar pero masarap ang Shawarma nila. Parang stand lang na may mga mesa at upuan sa parking. Ang problema sa kanila, hanggang 10 pm lang. Sarap sana.

For me Passport Shawarma (SM Pampanga) masarap maskina panay petchay. Yun bread at sauce nila super sarap. Ibang twist ang shawarma nila. Kung gusto mo pure sirloin talaga (di kalabaw) yun sa Pio's Shawarma sa likod ng UST, masarap din. Sabayan mo pa ng red iced tea nila. Yummy! :thumbsupsmiley: