tight spot of a friend / myLot

Philippines

April 12, 2010 3:07am CST

I woke up this morning because of a phone call from a friend all the way from Dubai. She was asking for financial assistance because of her credit card problem. According to her she has an outstanding balance of 860k pesos loan. What else she can do in order for her to restructure her payment because she was advised that she needs to settle atleast half of this before any arrangement? Is it true that in this place, that the corrective action in place for delinquent card user is imprisonment?

2 responses

noeraripin

@noeraripin (111)

• Indonesia

12 Apr 10

my advice is... talk to the bank officer to give your friend a time to pay... i sure the bank can give your friend time... by the way you boy or girl? (sorry out of topic ,

kathylicious10

@kathylicious10 (18)

• Philippines

12 Apr 10

hi noeraripin, she's a girl. She told me that the bank did not allow for any payment arrangement. That's why I'm wondering, if in Dubai they are not allowing for payment arrangement. I've been in credit card related fields for 6 years but I believe that as long as the cardholder is willing to pay their balances the bank will propose for an arrangement. Since it will be a win win situation.

sheanne

@sheanne (440)

• Philippines

12 Apr 10

Hello kathy, yes it is. But I guess your friend can talk to the bank in charge to waive or do some agreements til when she can pay for her debts. Where did she used the loan for? If you're helping her, be sure how close you are to her.

kathylicious10

@kathylicious10 (18)

• Philippines

12 Apr 10

thanks sheanne for your reply, I told her about it since i experienced the same thing here, i even ask for discount and the bank allowed me to that I just paid my OB less the interest. She was bomb for almost 6 months there.