I am now in fear of getting into jail and taking my possessions. I have an unpaid car loan amortixation for almost 7 months now. it Started because I have been unemployed since August, got my back pay hold and returned to work on November to government on a contractual basis.
I got the chance to update the account in december and left only 1 month of it. Come January due wasn't able to pay immediately as i really didn't know that government funds are taken back from the agencies and will just revert back, i keep on asking for extension as i was hoping i could have my salary complete the fund we will have to pay for the amortization come latter part of the month of february, i am already past due for couple of months and negotiated to pay at least portion of the amount due and habol for the rest including anumang penalties and charges na madag dag within the month. the representative from the bank told me na wag nang mangahas to send the 20k for payment as it will not be honored nor accepted. i looked for a legal advice. sabi sakin ask for restructuring..
I wrote a letter for restructuring. Hindi na daw ako pede as the account was not updated since july but i know for a fact that it was resolved and gave payment on december as the most recent.
Communications last until i told them of the update on my contact.
I even bought for an insurance. naharaass pa nga ako sa insurance agent.
I received an email. telling i have to pay 163K as of 5/3/2017.
Up until know because of the delay in the release of the funds as my salary, iwasn't able to cope with our expenses. I have three kids a husband employed but it really wont suffice any payment to 'the car that is why i appeal them to grant and let me undergo a restructuring program. I really would like to retain and updaete the account as i know now for fact that i will get help from my family. however. i received an email this day that i need to surrender the car. and pay the due in full or else they will push throught the enforcement of the filed case against me.
The use of the car is not for luxury but as support for my mom, my daad the whole family to earn for a living.
I couldn't take any chance of giving it up coz i know. i can still manage to pay.
Please help. I am totally disturbed, my work moods were affected. Please help. asap.
Last edited by t1g3rl1l1 on Fri May 05, 2017 4:45 pm; edited 1 time in total (Reason for editing : inserted the month when the fund from the govt for the salary was released.)