unpaid BDo credit card--

hi atty.. nid ko din po sana ng advice..regarding my bdo credit card..last yr po may mail na dumating sakin,at yon ang yung bdo credit card. nagulat ako ksi hindi nmn po ako nag apply ng credit card..bakit sila nag issue sakin. nagamit ko po ung credit card at ngyon po lagpas na po ako sa credit limit..ung head ofc po ng BDO sa manila ang ng issue sakin ng credit card, samantalang nsa region6 nmn po ako.kelangan ba nila ako e force na bayaran ko ung balance ko?.in fact wala nmn akong panirmahan na application form sa knila?may laban po ba ako sa court if ever??.....pls advice me...thnx

@ceillo

This is what they call as a pre-approved credit card. These credit cards companies have an access to data base where they get a list of prospective clients.

Contracts are generally consensual i.e. they are perfected by mere consent of the parties. That is why there is such a thing as a valid oral contract. When you activated the card, it was the act that signified your acceptance of the offer. From then on, a contract was perfected between you and the credit card company.

If you have difficulty paying your obligation, you can contact them and enter into a negotiated settlement where you may be granted certain concessions such as extending the paying period or waiving of the interest depending on how good you are at negotiating.

Finally, credit cards are spending tools not savings tool. It makes you spend beyond your means. If you don't really need it, better not have it.

thnx atty..
another question po, wat if po ung ibinabayad ko po monthly is not enough for my minimum payment? do they have to summon me?

"another question po, wat if po ung ibinabayad ko po monthly is not enough for my minimum payment? do they have to summon me?"


It is the court that issues summons. Most credit card companies do not file collection cases because of the attendant hassles in litigation. If the interest is too much (e.g. 6% per month), you can ask the court to reduce it for being unconscionable. If you only pay the minimum, the interest will pile up.