Debt from a Lending company

[b]Hello and good day. My mom and I were the principal borrowers from this lending company. We have already paid the principal loan amount but because it took us a long time to fully pay the loan, we were charged with penalties. Now, after years of not contacting us (and it has been a while since we were able to pay a few amount for the penalties charged) they gave us a letter stating that we need to go and visit them so we can settle our debt. First of all, as I've stated, we have already paid the principal amount and they're just collecting the penalties that they've charged 24K no more, no less. We have every intention of paying the penalties that were charged to us, pero hindi po namin kaya ng malakihan na bayad right now. I just wanted to ask if mas okay po ba na kami mismo ng mom ko yung makipagsettle with the lending company, and if makakasuhan or makukulong po ba kami dahil di kami nakabayad nung penalties na pinataw nila samin? Thank you po and God bless.

Mas ok kung kayo magsettle, just Compromise with the lending company that you will pay the penalties in staggered payments.

In case hinde nyo mabayaran, well that is only a civil case, hinde po kayo makulong dyan.

My mom asked a friend to drop by sa lending company. Tinanggap naman po nila yung paunang bayad namin kaso yung 24K na dating penalty, ngayon 84K na. We're afraid na makipagkita sa lending company kasi chances are, even if we're wiling to pay the penalty that was charged, eh papirmahin kami ng document stating na "new loan" yung 24K when in fact, hindi naman. The principal loan has already been paid in full a few years back. Grabe sa charges. Original principal loan was only 22K. Nakabayad na kami ng 34K before kasama yun interests so akala namin closed na. Ngayon meron pang penalty na umabot ng 84K. Kelangan pa ba kami makipagkita dito at pano if papirmahin kami ng "new loan" contract eh bayad na yung loan sobrang tagal na at yung sinisingil na lang nila samin is penalty na lumobo ng sobra sobra. That's like 100% per year lumilitaw. 24K penalty charge nung 2010. 3 years, naging 84K na.

Hi preho pla tau ng situation nbyaran ko n din yung nloan me sa asialink ako ikaw anung lending mo feeling ko din lalo nilang binbaon sa utang hinhrass nga nila ako

talagang ganyan ang mga lending pag hindi ka nakabayad iharras ka tapos sabihin na may warrant ka na nangyari sa amin yan ayaw nila makinig ng paliwanag kahit nagkaproblema wala silang pakialam pero nangyari nagkaso sila sa wife ko pero aquit.

Hi ask ko lang yung anung nangyari talagang nagkaso cla tapos humarap din ba ang wife u sa court. Curious lang kc ako pano history ng lending ng wife u kc sa akin sa naapproved ako ng 40k pero nakuha ko lang 32k tapos nagpaopencla ng 4k for checking account di ko na din nkuha yun after nun ang dapat monthly ko 6k tas nakapgbayad ako for almost 25k tas d ff month din na akon nkbyad kc nagproblem work ng husband ko so sa kagustuhan ko ding mkbayad sa sobrang harass nila sa akin kesyo yun idedemanda nila ako ippabarangay npilitan me na mkipagagrrement sa knila tru reconstructuring so nabyad ako ng 2200 tas monthly ko 2600 so nagstart ako ng june 2011 until feb 2013 tas medyo mbigat pdin sakin kc wla nman akong work is march di me mkabayad kc nga kapos din nman so nkikiusap ako na bigyan nila ako ng amount n kaya to close the acount sabi ng collector same padin ng full balance bbyaran ko din ganun padin so nagapply ulit ako ng reconstructuring eh wla nga me pangbayad ng 2600 so hinharass nila ako nung monday pumunta panga cla sa hauz eh kung tutuusin base sa receipt ng payment ko bayad ko na nloan ko sobra pa. Advice nman kung paano ang ginawa nyo ng wife u kc gusto ko nding mtapos nabibigatan ndin ako. Thank you

good day poh may tanong lang ako kasi ginawa akong co-maker ng father ko nung nagloan sya.after nung ilang month hindi sya ngpapadala ng pera kaya hindi na kami nakabayad sa lending corp n pjh akala kasi namin binabayaran nya yun sa bangko nagulat na lang kami nang may overdue na balance na kaylangan ko bayaran. kasi nandun pa rin sya sa saudi ang loan nya ay 50k tapos ang naging balance ay 70k gawa na din daw ng tubo kaya tumawag ako sa kanila sabi ko hindi ko kayang bayaran ung ganon kalaking amount after non nawalan kami ng contact dun s pjh kaya after a year nagpadala sila ng letter na seriously over due na daw tapos naging 168,030,00 ang babayaran namin legal po ba ung ganon kalaki tubo ? makaksuhan po ba ako dahil dun? plss po pahelp namn

Hi ask ko lang po co-maker kc ako ng pinsan ko nung nag loan xa sa Puregold. Ang nabayaran nya lang po e yung principal amount ngayon po sinisingil xa sa charges at interest at dahil hindi na po nila ma-contact yung pinsan ko ako na po ang tinatawagan nila. Possible po ba na magkaroon ako ng kaso pag hindi nabayaran ng pinsan ko yun??

Thanks.

"When the principal borrower fails to pay the loan, is the co-maker required to pay it?
Yes, the lender does not need to proceed or collect first from the principal borrower and may immediately take the following actions against the co-maker if the principal borrower is unable to pay:

• Collect the full amount of the loan, including interests and other charges, from the co-maker; or
• Sue the co-maker along with the principal borrower in an attempt to collect payment; and
• Demand the payment of late fees or collection costs from the co-maker
"
kinopya ko lang po..