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JohnC239

John Clark

@JohnC239

Member

Canadian °µÍø½ûÇø in the Philippines

Forum posts

2

Contacts

2

About me

Canadian

Lives in makati

Registration: 25 April 2015

Activity

John Clark
JohnC239 replied to a thread
10 years ago
eric1008

Is there really a debtor's prison in the Philippines? by eric1008

I have a close friend who said her sister is going to prison for owing a bank loan of 100000 pesos. Do they still have such a thing for debtors? If she does get sent away, how hard is it to get her out? I really am worried about this.

John Clark

So you can sleep better at night, do this: Have your friend scan and send you all the bank info, payments, terms of the loan, phone # of the bank and who to talk to. Call the bank and see for yourself. Don't be surprised if you don't receive ... Read More

John Clark
JohnC239 replied to a thread
10 years ago
eric1008

Is there really a debtor's prison in the Philippines? by eric1008

I have a close friend who said her sister is going to prison for owing a bank loan of 100000 pesos. Do they still have such a thing for debtors? If she does get sent away, how hard is it to get her out? I really am worried about this.

John Clark

The family said the loan is for 100,000. She owes 45,000 for 3 weekly interest payments at 15,000 per week. Did she take out a 2 month loan (8 weeks x 15,000 per week = 120,000). Banks don't make this type of loan to people who have no money. ... Read More