teasoy216 Posted July 14, 2007 Share Posted July 14, 2007 one should not spend, when one has nothing to spend....................... credit cards are for suckers!!!!!!!!!!! Quote Link to comment
TAZMAN888 Posted July 14, 2007 Share Posted July 14, 2007 hey guys, nid your advise i had some trouble last 2003 with bpi card. i missed a payment and they charged me interest etc. but i did not recvd the bill statement. i askd them to remove the extra charges and they refused. so i didnt pay the bill. then the interests started piling up and belive me the amount ballooned to over 300k from my actual purchases of 60k. bpi filed a case against me in court. then finally they agreed to remove all other charges if i agree to pay the actual chages.i paid my actual purchase of 60k without any other charges. bpi dropped the case and issued me a certificate of clearance that i had fully settled my balance. case dropped. now my question is this. i dont know why i cannot apply with other credit cards. visa or master. i have my own business and is financially capable.. but i dont know why banks are rejecting my application. can anybody help me? maybe your put into the blacklist Quote Link to comment
mhigzz Posted July 16, 2007 Share Posted July 16, 2007 hey guys, nid your advise i had some trouble last 2003 with bpi card. i missed a payment and they charged me interest etc. but i did not recvd the bill statement. i askd them to remove the extra charges and they refused. so i didnt pay the bill. then the interests started piling up and belive me the amount ballooned to over 300k from my actual purchases of 60k. bpi filed a case against me in court. then finally they agreed to remove all other charges if i agree to pay the actual chages.i paid my actual purchase of 60k without any other charges. bpi dropped the case and issued me a certificate of clearance that i had fully settled my balance. case dropped. now my question is this. i dont know why i cannot apply with other credit cards. visa or master. i have my own business and is financially capable.. but i dont know why banks are rejecting my application. can anybody help me? same case here... but after about 5 years, i was given a cc form my own bank - bpi. after another year of good standing, i received a pre-approved card from citibank... Quote Link to comment
revi Posted July 16, 2007 Share Posted July 16, 2007 0% interest? there's no such thing. ask the salesperson how much is the cash price then do your math I have asked this in some stores, Nelz.. And they tell me it is the same price if I do a 0% or pay in cash.. There are promos that credit card companies offer.. 0% installment is actually a promo.. Iba din yung hindi 0%.. The way I see it, meron talagang 0% interest.. IMO, having a credit card is more of a need in my case.. So as not to carry cash and to be able to budget my spending habits.. I pay the whole amount for every billing statement for every credit card I own.. Having a credit card entails discipline and responsibility.. If you don't have the two, I suggest, do not even think of owning one.. Qutoed from Revi "I think the reason why they keep on disapproving you is that you have not really convinced them on your security of tenure.. Meaning you have not been in your current workplace for a year.. Try applying after your 12th month.. Kasi baka kapag tumatawag sila sa HRD niyo, your HR informs them na kaka-regular mo pa lang.. Kasi di ba may probation months usually ang mga companies.. That is my take.." Sir, I am now 1year on my current work, try ko ulit mag apply for cc, sa tingin nyo maaprove kahit walang akong house phone? by the way yung electric bill namin sa akin naka-name and wala nmn utang, ano po sa tingin nyo? Try to apply again.. You might get approved already.. The house phone is not necessary as long as you give correct contact information on the application form.. The billing statement is not a problem either.. If they ask for it, explain to the agent.. There are a lof factors that may lead to the disapproval of your application.. But now that you have been in your workplace for a year.. Then, I believe you now have a higher chance of getting approved.. :thumbsupsmiley: Quote Link to comment
transcience Posted July 16, 2007 Share Posted July 16, 2007 it's handy when traveling. likewise, a good way of establishing credit history. hotels ask for your credit card for verification of your identity... or maybe, you haven't travelled overseas? Quote Link to comment
tom_babauta Posted July 16, 2007 Share Posted July 16, 2007 tumawag kayo sa kanila pag napansin nyo na wala pa yung bill ninyo para wala silang excuse at iwas ka sa interes Quote Link to comment
legend_ako Posted July 17, 2007 Share Posted July 17, 2007 maybe your put into the blacklist thanks any way i can resolve this? Quote Link to comment
id6230 Posted July 18, 2007 Share Posted July 18, 2007 hey guys, nid your advise i had some trouble last 2003 with bpi card. i missed a payment and they charged me interest etc. but i did not recvd the bill statement. i askd them to remove the extra charges and they refused. so i didnt pay the bill. then the interests started piling up and belive me the amount ballooned to over 300k from my actual purchases of 60k. bpi filed a case against me in court. then finally they agreed to remove all other charges if i agree to pay the actual chages.i paid my actual purchase of 60k without any other charges. bpi dropped the case and issued me a certificate of clearance that i had fully settled my balance. case dropped. now my question is this. i dont know why i cannot apply with other credit cards. visa or master. i have my own business and is financially capable.. but i dont know why banks are rejecting my application. can anybody help me? I think you answered your own question which is the fact that you have a negative record in your credit history regardless of the fact that the case was resolved in your favor. It doesn't erased the fact from the lender's point of view that you werea delinquent client because you stop paying. Remember the creditors have their own set of rules regardless. You have to re established your credit worthiness, how to do this, I do not know but the best thing is to go back to BPI. Quote Link to comment
circleguy Posted July 27, 2007 Share Posted July 27, 2007 hey guys, nid your advise i had some trouble last 2003 with bpi card. i missed a payment and they charged me interest etc. but i did not recvd the bill statement. i askd them to remove the extra charges and they refused. so i didnt pay the bill. then the interests started piling up and belive me the amount ballooned to over 300k from my actual purchases of 60k. bpi filed a case against me in court. then finally they agreed to remove all other charges if i agree to pay the actual chages.i paid my actual purchase of 60k without any other charges. bpi dropped the case and issued me a certificate of clearance that i had fully settled my balance. case dropped. now my question is this. i dont know why i cannot apply with other credit cards. visa or master. i have my own business and is financially capable.. but i dont know why banks are rejecting my application. can anybody help me? Dont get me wrong with my comment:You know you have a balance of 60K, that big amount you dont easily forget. Having a credit card is like having great powers, and with great spending power comes with great responsibility. Not receiving a statement is not a good reason for not paying nor an excuse. A simple phone call could have been done and you're all set. ANticipate postal delays.You could have paid the 60k first then not pay the interest so that it would not have ballooned to 300k dba? I sometimes would not receive statements from HSBC and Citibank, but I make sure I call if i dont receive one. plus, you have internet access, you can visit the website as well and check your balance and due dates. Dami options, and hindi naman sila nagkulang to inform you of these options. Just my 2 cents Peace :thumbsupsmiley: Quote Link to comment
revi Posted July 27, 2007 Share Posted July 27, 2007 Dont get me wrong with my comment:You know you have a balance of 60K, that big amount you dont easily forget. Having a credit card is like having great powers, and with great spending power comes with great responsibility. Yep.. Much like Peter Parker.. haha.. Nice one, dude.. Not receiving a statement is not a good reason for not paying nor an excuse. A simple phone call could have been done and you're all set. ANticipate postal delays.You could have paid the 60k first then not pay the interest so that it would not have ballooned to 300k dba? I sometimes would not receive statements from HSBC and Citibank, but I make sure I call if i dont receive one. plus, you have internet access, you can visit the website as well and check your balance and due dates. Dami options, and hindi naman sila nagkulang to inform you of these options. I agree. And to add.. Its not an excuse for you not to pay because your billing statement got delayed or it never came.. Its the responsibility of the Borrower to see to it that he pays on or before the due date.. Responsibility is the key word in having a credit card.. If you are not a responsible person, I suggest you don't acquire a credit card.. Quote Link to comment
artvader Posted July 27, 2007 Share Posted July 27, 2007 Yeah, but the poster actually wants to know why he's still on the black list even though he had already been given a clearance certificate. But regarding the root of the problem (not paying the 60K despite the interest), it really was the credit holder's responsibility to pay for the amount due even though no bank statement was given. Quote Link to comment
legend_ako Posted July 27, 2007 Share Posted July 27, 2007 Yeah, but the poster actually wants to know why he's still on the black list even though he had already been given a clearance certificate. But regarding the root of the problem (not paying the 60K despite the interest), it really was the credit holder's responsibility to pay for the amount due even though no bank statement was given. i agree and admit to my delay paying the statement. but my question is why am i still being denied? i had already paid bpi. Quote Link to comment
revi Posted July 27, 2007 Share Posted July 27, 2007 (edited) i agree and admit to my delay paying the statement. but my question is why am i still being denied? i had already paid bpi. I read your first post re: being denied by other credit card companies.. I would not really know if you are listed in CMAP (Credit Management Association of the Philippines) due to that problem you had with BPI.. But there is a possibility that your name is still there even with a clearance given by BPI to you.. Why? Once your name gets listed in CMAP, it would be hard to get it off.. Its not an automatic thing (I think) that once you get cleared, CMAP would erase your name.. So, there is a possibility that you are still blacklisted.. The credit system in the Philippines (IMO) sucks big time.. Coz CMAP's records should be cleared with whoever the bank gives clearances to.. But that is not the case all the time.. Why? Coz as I have said the credit system in our country sucks.. Dahil hindi automated.. manual ang pag-e-erase ng names.. The problem with credit card companies is that there is a non-disclosure clause on the reason why your application for a credit card (or lines with banks) gets denied.. So, you would never know why.. And in there lies the problem, if you don't know if your name is still blacklisted.. how could you have CMAP erase your name? There are other reasons, legend ako, kung bakit nadidisapprove ang isang kliyente.. If you have no ITR to show, if you have a business.. Baka dun ang reason.. Coz there are credit card companies who are strict in that.. ITR is important coz its your proof that you have a thriving business.. It also depends on the marketing/sales agent coz ther are agents na mahina dumiskarte at meron ding hindi.. There is no clear cut solution to your problem.. But I guess just try to re-apply again and again.. and find a good credit card agent for you.. Its funny.. But in our country, its more difficult to get a credit card if you are a businessman than if you are an employee.. Why? Coz employees have payslips and ITRs.. Businessmen forge their ITRs, or do not pay taxes, so no ITR, so no proof of income.. Just my two cents Edited July 27, 2007 by revi Quote Link to comment
profX Posted July 29, 2007 Share Posted July 29, 2007 i agree and admit to my delay paying the statement. but my question is why am i still being denied? i had already paid bpi. i read all replies here , like to add there is a another umbrella association called "credit card association of the phil" which they share names of client and data , the best chance of you to get a new credit card is talk to your bank manager and ask for a big favor , if failed , the best is open a new account with a new bank dep a large amount of cash maintain it for 6 mos they ask for a card. :headsetsmiley: Quote Link to comment
bj_bukojuice Posted July 30, 2007 Share Posted July 30, 2007 di ko alam sa sabihin ko ... para sa mayayaman lang siguro ang credit card and sa mga magaling magbudget... pag wala control patay tayo dyan... pero sabi naman nila sign daw ng pagasenso ang credit card.... it means na puede ka utang kasi may pambayad ka naman Quote Link to comment
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