Free Legal Advice Philippines
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Free Legal Advice Philippines

Disclaimer: This web site is designed for general information only and does not create attorney-client relationship. Persons accessing this site are encouraged to seek independent counsel for legal advice regarding their individual legal issues.

Log in

I forgot my password




You are not connected. Please login or register

Car Loan Restructure

2 posters

Go down  Message [Page 1 of 1]

1Car Loan Restructure Empty Car Loan Restructure Wed Apr 11, 2018 11:08 am

oliby26


Arresto Menor

Why banks refuse car loan restructure or modification request if BSP has a mandate that banks shall adopt restructuring polices under the Manual of Regulations for Banks 178.18 Credit workout and remedial management of problem credits Part I - Page 115k Section B & C?

2Car Loan Restructure Empty Re: Car Loan Restructure Wed Apr 25, 2018 5:34 pm

thepoetsedge

thepoetsedge
Reclusion Perpetua

Usually, the banks need a valid reason before restructuring of a loan is allowed. They cannot just allow loan restructuring without a valid reason, since that will unnecessarily burden them if such is allowed willy-nilly.

Check the terms and conditions of your bank loan and see if there are specific terms regarding restructuring of a loan. There should be a list of valid grounds there, at least.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum