enzo88

For all intents and purposes, the credit card bills pertains to your sibling only and cannot be claimed against you or your siblings relatives. It can be claimed however against any property that your sibling may presently have or acquire in the future, e.g., does he have any land or car or bank account now, will he inherit anything from your parents, those kind of stuff. Even if the bill is not received it is already a loan incurred by your sibling (when he charged a service, or a sale) and can be enforced in a proper court collection case. Usually, unpaid credit cards once a final and executory judgment is rendered has already accumulated to the extent that a P100,000.00 credit card bill can balloon to triple that amount, after the interest, penalties and surcharges are added already. Once a collection case is instituted, the collectable amount would included legal fees. So later on he or she may be facing instead of a P100,000.00 credit card bill, it can very well be a P500,000.00 judgment award for the credit card company. Expect the credit card company to really undergo this proceeding and try to collect since this is the only way they can recoup the credit card charge either to collect the loan itself or get it as a tax-deductible entry (meaning bad loans).

 

HOWEVER, WHAT MAKES SETTLING THIS LOAN IMPORTANT FOR YOUR SIBLING WHO IS IMMIGRATING TO THE US?

 

Is the credit card company affiliated with Visa or Mastercard?

 

There is such a thing as a "credit rating" in the US. The credit rating or score determines the credit worthiness of an individual. Usually new immigrants start from "zero" considering that you are only starting out as a US resident, thus, he or she should expect high interest rates (if ever he or she would borrow). Only through time and a proper management of your credit (through ontime payments of your credit card bills, utility bills, etc.) would the score improve.

 

Presently, the local banks do not share this bad credit info but if in the future they do undertake to do it, considering that this local credit cards are affiliated with Visa and Mastercard, whatever gains in the credit rating of your sibling may be erased where there is a sharing of such an information to US banks and credit card companies.

 

That being the case, your sibling can take the risk and not pay it. But this is not advisable as (1) you can still avoid the accumulation of the amount of penalties, surcharges or interests, if you address the credit card bill now (before it reaches the courts); and (2) his or her credit rating in the US may suffer if the credit corporations in the US get wind of his or her bad credit situation here.

Thanks for the reply cutie!

question po:

magma-migrate ang kapatid ko sa amerika. ayaw na niya bayaran ang mga credit card bills niya na halos P50k at P100k ang halaga. ang bilin sa akin ay huwag na tanggapin ang mga dadating na bills. pwede ba siya habulin ng credit card company? pwede din po ba habulin ng company ang mga naiwan niyang pamilya dito sa pilipinas?

thanks po

If the amount is small enough, the company will most likely write it off as a loss and will not file a case against you but you may find it difficult to get future loans since this will appear on your record when a credit background check is made on you. If the amount is big enough, the company may file a case for sum of money against you. In any case, the company cannot go after any family member since this is a personal obligation of the debtor - unless the family member was a co-borrower.

thanks for replying

@rocco69, maraming salamat sa reply.

1. Ano po ba ang mangyayari kung sakaling hindi na nila ipagpatuloy ang pagbabayad sa credit card?

 

magkakaroon sila ng hindi bayad na utang sa credit card company.

 

2. Mahahabol pa ba sila ng credit card company?

 

Kung hindi alam ng credit card company kung nasaan sila, hindi sila mahahabol. Kahit pa alam ng credit card company kung nasaan sila, kung wala naman itong representative sa lugar kung nasaan sila, mahihirapan itong maghabol. Plus, baka mas mahal pa ang bayad sa abugado dun sa abroad kesa sa utang na sinisingil.

 

Kung may ari-arian na maiiwan dito sa Pilipinas ang kapatid mo (na nakapangalan sa kanya tulad ng lupa, sasakyan, o shares of stock) maaaring habulin ito ng credit card company. Kung wala, no problem.

 

Alalahanin mo lang na magkakaroon ng bad credit record ang kapatid mo. kapag bumalik ang kapatid mo dito sa Pilipinas at mangailangan siyang umutang sa bangko o ibang credit institution, lalabas ang record niyang ito at mas malamang sa hindi, hindi siya makakautang hanga't di niya naaareglo ito.

 

3. Sisingilin ba ng credit card company ang kapatid o magulang na maiiwan dito?

 

ang utang ng kapatid mo ay hindi utang ng magulang o ng kapatid, kaya walang karapatan ang credit card company na maningil sa mga ito.

Ang kapatid ko po ay magma-migrate na kasama ang buong pamilya sa isang buwan. May mga utang sila sa credit card. Ano po ba ang mangyayari kung sakaling hindi na nila ipagpatuloy ang pagbabayad sa credit card? Hindi nila ipapaalam sa credit card company ang address nila abroad. Mahahabol pa ba sila ng credit card company? Sisingilin ba ng credit card company ang kapatid o magulang na maiiwan dito?

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