money Usapang Utangan

[Maykeee]

Always a problem sa mga mababait na Kapatid/Kamaganak/Kaibigan ng mga taga-London (Loan Dito,loan doon)...

Always bear in your mind na kapag nag-guarantor ka sa kanila, their responsible is also same as yours...

Isip isip muna or settle the concern first bago kayo pumayag na mag-guarantor... Wag masyadong mabait.. Yun lang..

[haroots2]

On 3/23/2024 at 12:24 AM, ganjzz said:

I had a salary loan with a bank through Uploan. I'm no longer with the company and the bank has transferred the collecting to a collection agency. Should I be worried of being imprisoned if I don't pay? (I'm currently unemployed)

 

Walang nakukulong sa utang.  Huwag lang mag issue ng talbog na tseke.

[Magdaleno Lucban]

On 3/23/2024 at 12:24 AM, ganjzz said:

I had a salary loan with a bank through Uploan. I'm no longer with the company and the bank has transferred the collecting to a collection agency. Should I be worried of being imprisoned if I don't pay? (I'm currently unemployed)

 

There is no imprisonment for debt. However, banks and lending companies would have submitted your credit status to the Credit Information Corporation (CIC). It is much like a credit bureau. Your information in the CIC will limit your future loan application. For example, if in the near future, you would like to avail of a loan for a motor vehicle, the bank or lending company will first check with CIC for information on your credit standing. You will have a bad credit standing because of your unpaid loan. Hence, your application for a motor vehicle loan will be denied. 

Now collection agencies are debt buyers. Uptown sold your debt to a collection agency in the amount that you owe Uptown including interests and penalties. As far as Uptown is concerned your debt to them is paid when it sold your debt to the collection agency. You are now indebted to the collection agency. 

I suggest you consider seriously paying your loan to restore your good credit standing. If you are ready to pay, then talk seriously with the collection agency so you will be able to get a good price. After your debt is settled, move to have your credit history in CIC removed. You will then be in good standing. Stop using your joblessness as an excuse to ignore your debt.

[Kei Bolarde]

Very informative topic. Up for this thread

[martbogard]

Not sure if may nakakaalam dito ng Farm-On, Online farming investment. Sino or saan pwde lumapit para sa concern for withdrawal. Thanks in advance sa magbibigay ng advice. 

[Ben Tennyson]

Matindi and collection agencies, hahaha

Ask a loan to banks and legitimate lending companies

Loan apps matindi daw yan

[haroots2]

2 hours ago, Ben Tennyson said:

Matindi and collection agencies, hahaha

Ask a loan to banks and legitimate lending companies

Loan apps matindi daw yan

Matindi collection agencies kung magpapasindak ka.  Kapag alam nila dedma ka lang din ka na rin kukulitin. On to the next na sila.

[Mang Ricky]

On 8/15/2024 at 2:29 PM, Ben Tennyson said:

Matindi and collection agencies, hahaha

Ask a loan to banks and legitimate lending companies

Loan apps matindi daw yan

Pag nadedma mo ang collection agency, irereport ka na nila sa Credit Information Corporation. Sa report na yon, bale my bad credit record ka. In the future, pag nagloan ka sa bank or lending office, mag check sila sa Credit Information Corporation. Dahil andun name mo, disapprove ang loan application mo. My GM nag reply sa ibang topic above. Bout sa utang din tungkol sa Credit Information Corporation, baka makatulong din sau reply ni GM.

[Mang Ricky]

On 8/13/2024 at 10:43 PM, martbogard said:

Not sure if may nakakaalam dito ng Farm-On, Online farming investment. Sino or saan pwde lumapit para sa concern for withdrawal. Thanks in advance sa magbibigay ng advice. 

Ang mga corporations sa Pinas ay dapat na naka register sa Securities and Exchange Commission (SEC). Paki check sa website SEC. Miron rules about sa withrawal ng investment. Pag sa tingin mo my violation ng rules ang Farm-On, pede ka magsampa ng reklamo sa SEC. Kung sakale cooperative and Farm-On, pede mo check sa website Cooperative Development Authority (CDA) and rules. Pag sa tingin mo my violation, pede ka file complaint with CDA.

[Ben Tennyson]

CIC nga po, renereport dyan about sa loans, 

 

Yung loan apps nga po matindi, ipapahiya pala talaga, according sa sources 

Tapos pinopost pa daw sa social media matindi 

[chessboxin]

Legal ba na maging formal workplace policy ang "Bawal mangutang sa katrabaho?"

We are seriously considering it because we are tired of some serial borrowers pestering other hard-working employees asking to borrow money. Nagrereklamo na rin iba na marami na ngang trabaho, dadagdagan pa ng mga katrabahong feeling close.

[holick]

Ang pinaka badtrip is yung maningil. I swear sobrang hirap. Minsan lang ako umutang, pero di ko nakakalimutan yon e. Responsibility yon. Tapos pag may tropa ka na nangutang, tapos feeling mo nakalimutan niya. Di ko alam pano paalala sa kanya yung utang niya. Hahaha. Just sharing.

[Magdaleno Lucban]

20 hours ago, chessboxin said:

Legal ba na maging formal workplace policy ang "Bawal mangutang sa katrabaho?"

We are seriously considering it because we are tired of some serial borrowers pestering other hard-working employees asking to borrow money. Nagrereklamo na rin iba na marami na ngang trabaho, dadagdagan pa ng mga katrabahong feeling close.

Getting into legalities might not be the proper way to address the issue. If you want to prohibit incurring debt from a co-worker, you can include this in the company's ethical standards in the Employee Handbook. For example, instead of outright prohibiting debt from co-worker, you can frame it as an ethical standard by stating that all persons are required to pay their lenders, whether co-workers, relatives, or friends.

You may want to teach employees how to lend money. An example would be a Promissory Note where the debtor promises to pay a certain amount every payday to the lender. You can go even further by requiring the debtor to sign a document where debtor allows the company to deduct the payment of debt to another employee through salary deduction. The consent of the debtor to salary deduction is important. Do not omit this step. The proceeds of the payment will be credited to the lender. That way lender is assured of payment. If the debtor does not agree to a salary deduction, then the lender should not lend him any money.

This is just one item in the company's ethical standards. To be able to inform employees, package the ethical standards in such a way that there are other standards that an employee has to comply with. You can discuss the company ethical standards during orientation of new employees or general company meeting. I am suggesting the packaging of ethical standards in order to prevent "kapalmuks" borrowers from thinking that they are the target of the ethical standards.