after summon what’s next

November 25, 2011 | By Fitz | Filed in: Loans, Debts & Credit Cards.

hoping to get your advise soon… i have so many unpaid cc due to hospital bills, medicines & losing a permanent job of my husband (now has parttime job & sideline). i have a good credit standing before and because of this had a lot of preapproved cards.  citibank is my 1st card, due to good credit standing my limit was raised to Php250K but it was lowered to Php150K coz 100K was transfered to my citi rustans. my gross salary is more that 50K/mo but due to loans, pag-ibig, sss, coop, medical loans frm my co, my net pay is around 14K/mo. only, not enough for a family of 5. even on my ITR i’m filed as the head of the family to be able to claim for my dependents tax exemption.

now, i have a case at MTC for the amount of Php287K 🙁 mediation scheduled next week… i also seeked the help of a PAO lawyer. i don’t have the means now to pay coz i’m still paying a citi savings & chinatrust loan which payment comes frm my co. loans also & EWB cc which is payable until 2016. i’m afraid that my case would result to litigation, salary garnishment and getting whatever they can get in our house.  what’s your stand on family home? can they get our house? the land title is under my name but was mortgage to pag-ibig when we made a housing loan for house construction. i realy want to settle it but for the longest time of paying the minimum due less their overrated interest i would think my balance is almost paid…can they dismiss the case instead? where in the first place i was accepted to get the assistance of a PAO lawyer meaning, i don’t have the capacity to pay 🙁  hope to hear your advise on what action should i take and how to properly negotiate. thanks




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