A Credit Card Debt Collector in The Philippines Can Tell A Lie

You have the option to read this article on my triond page, Five Lies From a Credit Card Debt Collectors in The Philippines

Over the Phone they will say :

1. We already have a warrant of arrest for you by not paying your debt you should be in jail. But you have 5 days to reverse the decision of the court, pay half of your debt within 5 days and you're free.

     Did it scare you when you hear the word warrant of arrest? Yes of course. But come to think of it, if you are really a criminal and you already informed you already have this, will you not immediately leave your house and hide from somewhere else.  Just an F.Y.I , warrant of arrest is given by the authority in their surprise visit. Besides, this is just given for people who has criminal cases. Not paying your credit card is just a civil case though.

2. We will do an occular inspection.

    If you see them roaming around your house, asking your neighbors about your financial status or trying to enter your house to get some valuable things inside your house. There's only one thing you should do, call the police immediately. You can also file criminal cases against them ; tresspassing, extortion, unjust vixation, etc.

3. We we file RA 8484 against you if you will not pay your debt in 5 days.

    What?! You never defraud your credit card, did you? RA 8484 is for people who do credit card fraud and not for people who defaulted their credit cards. This is really nonsense.

4. I will tell your barangay captain that you have no intention to pay your debts.

    Dare their bluff! Say : I'll tell my barangay captain that I will file a complaint in the mayor's office against him. Why? My problem with a law firm is not part of his job. 

5. We are ready to file a case, just wait and see.

    Okay! See you in court!

See how these words scare you. But if you know what's your right as a debtor and you hear all these from them, you will just end up laughing at them. Why? Because these credit card debt collectors don't know what they are talking about. Yes, you can hear lies from credit card debt collectors here in the Philippines just to collect money from you.  By the way, if you experience harassment from them, feel free to file your complaint to BSP for their violation of Circular 454.

Be placid and face your fear. Move on with your life, because there's more important thing to prioritize than spending time hearing nonsense from these credit card debt collectors.

For more information, read this blogFailure to Pay Credit Card. You will surely learn a lot.

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How Should You Deal With Credit Card Debt Collectors in the Philippines