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Personal loan was used by others

3 posters

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1Personal loan was used by others Empty Personal loan was used by others Fri Oct 20, 2017 3:31 pm

angge1121


Arresto Menor

Hi magtatanong lang po sana ako,i have a friend who ask me a favor ganito un,nagpaloan sya sa akin sa isang commercial bank under my name,but all the proceeds ay pinadala ko sakanya lahat and we have agreed na sya ang magbabayad ng monthly ammortization..all the documents of the bank we’re signed by me it was all under my name..kaso ngayon sinisingil ko sya for her obligations pahirapan kami up to the point na nag bounced ung cheke na inissue ko for monthly ammortization sa bank dahil di nya napondohan..ngayon hindi nanaman sya nagbabayad on time at ako ang tinatawagan ng bank to settle dahil nga nakapangalan sakin un..hope you can help me thank you

2Personal loan was used by others Empty Re: Personal loan was used by others Sat Oct 21, 2017 11:35 am

mikos23

mikos23
Reclusion Perpetua

Since the loan is under your name, and all the documents are under your signature, you are the one obligated to pay for the loan. The Bank doesn't care what you did with the money, nor does the bank care about the agreement of your friend. So my advice is to pay the bank, and you collect the debt that your friend owe you.

3Personal loan was used by others Empty Re: Personal loan was used by others Sat Oct 21, 2017 4:28 pm

angge1121


Arresto Menor

Is there any case i can file against my friend?thank you

4Personal loan was used by others Empty Re: Personal loan was used by others Sat Nov 25, 2017 8:16 am

arnoldventura


Reclusion Perpetua

Try filing a collection case against your so-called friend if he really does not pay. You may not have any other recourse but to go the legal route. Try reading this. I hope this helps you. https://www.alburovillanueva.com/proven-ways-debt-collection

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