Welcome, Guest
Username: Password: Remember me

TOPIC: Unpaid Credit Card Debt

Unpaid Credit Card Debt 1 year 6 months ago #17668

I would like to seek for legal advise regarding my credit card debt.

I have honestly failed tot settle my debt with a bank for my credit card for the better part of this year.

This may have led to the bank turning over my account to a collection agency. A. Molaer Law Firm.

This law firm have just sent me a demand letter stating an amount I need to settle which In my opinion was overkill and overpriced.

They also have pointed out a law or RA called "Small Claims".

My question would be and I have not found a concrete answer to this is, could I really go to jail or have a case based on the Small Claims law or act if I will not settle or if I will fail to settle my credit card debt?

What would be the worst hat I can expect to happen to me?

And lastly, do I need to answer this demand letter from this A Molaer Law firm?
The administrator has disabled public write access.

Unpaid Credit Card Debt 1 year 4 months ago #17738

  • Josh
  • Josh's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 10
  • Thank you received: 1
  • Karma: 0
Actually, I'm in the same situation my friend. My mother and I have been trying to dig out of 20k of reunion debt. Not a smart move at all. To make matters worse we have lost over 40k in equity on our home. At any rate, I've found that the snow ball effect works, but it takes time and you cannot touch any of those cards while paying on them. That's good that you credit is still high. And remember, you will not ever ever get in jail. For other option, just open a new account and promise yourself that you will be able to follow your monthly payment since I will be given you a reliable and trusted source. Check this out www.ecomparemo.com/banks/bdo/credit-cards
Last Edit: 1 year 4 months ago by Josh. Reason: Wrong spelling
The administrator has disabled public write access.
Time to create page: 0.055 seconds
Powered by Kunena Forum ::

CONTACT US NOW!

Philippine Lawyers

We go live to answer all your questions

Free Legal Advice Every Wednesdays and Fridays
at 6:00 pm

Facebook Event | YouTube Channel

Season One

Episode 1:  August 31, 2018

Facebook Video | YouTube Video

Episode 2:  September 7, 2018

Facebook Video | YouTube Video

Episode 3:  September 13, 2018

Facebook Video | YouTube Video

Episode 4:  September 21, 2018

Facebook Video | YouTube Live

Episode 5:  September 28, 2018

Facebook Video | YouTube Video

Episode 6:  October 5, 2018

Facebook Video | YouTube Video

Free Legal Advice

IMPORTANT NOTICE

If your predicament is urgent; or, when your case is already pending in court; please do not opt for the free legal advice. It is best to get in touch with a lawyer the soonest possible time. I answer all queries here personally but sometimes it may take time because of my busy schedule. Rest assured all will be answered but the time is indefinite. Thank you for understanding.

Ranny Randolf B. Libayan

OFFICE HOURS

9:00 AM TO 5:00 PM Monday to Friday

We are also open for appointments on weekends

It is best to contact us for an appointment if you decide to visit us so you will be given priority

SERVICES WE OFFER:

Philippine Law Firm

Representation

We will represent you in court, administrative, and other tribunal hearings.

Law Firm in Taguig

Notarization

We provide notarization and drafting of all kinds of legal documents.

Notary Public

Legal Consultation/ Retainer

We provide the best legal advice about anything legal whether it be via retainer or just one time.

Philippines Free Legal Advice

Free Legal Advice Online

We provide free online legal advice just proceed to the forums.