SAY NO TO CREDIT CARD
Hello guys just wanna share my experience using a Credit Card.
At first once you receive your "Credit Card" during your younger years you thought it was a BIG Advantage for you.
- CASH LESS
- HASSLE FREE
- YOU CAN SHOP ONLINE
- YOU CAN BOOK YOUR TRAVEL TOUR ANYTIME
- YOU CAN BUY ANTHING IN THE MALL LIKE GADGET, AND EVERYTHING YOU WANT IN INSTALMENT MODE (12 MONTHS TO PAY OR ETC.)
Are you aware of that Advantages of a Credit Card can lead you to dept’s? My answer is “NO” because I can pay it with my monthly salary, Especially the Instalment mode. You booked your Travel tour using your Credit Card “BOOK NOW PAY LATER” you will pay for 2 months and of course there’s an INTEREST 3.5%. You shop online ‘coz you don’t have any time to go to the mall, you like buying Items or jewels on your favourite on-line game. And the most common problem you don’t have any budget to buy your groceries, your vices and your luxury don’t worry your Credit Card is to the “Rescue”.
At first it was an Advantage but once you received your bill you will totally get shocked on what you have done enjoying swiping your credit card. YES you look big time to your friends, to the person next to you in the cashier. Now you stop using your Credit Card and pay your last purchases, after paying you get shorted on your budget again ‘coz you pay for your monthly bill, so tendency you will use again your Credit Card for purchases and without even realizing it’s just only repeating the cycle you pay your bill and you don’t have budget then use your Credit Card again. Now you’re a Credit Card Dependent Congratulations!
So you’re already a Credit Card dependent at first its okay, what if you lose your Job? What if calamity comes and you need to prioritize your needs rather that paying your Credit Card? What if you get hospitalize or one of your family member your Mom, your Dad, Brother, Sister worst your Children? Now you’re thinking what to do for the next step. Then suddenly it came out in your mind “NOT TO PAY” first the Credit Card bill, Okay I can pay some other time but not now. So what if that some other time is next year? Or that some other time didn’t come? YES I’m trying to pay my Credit Card bill but why the principal balance is not moving? Am I just paying the Interest? Before my Credit Card balance is 20,000 how come it’s still 20,000 I’m paying the minimum amount of 650 plus additional 1,000 to reduce my principal balance? Then I just missed 2 Months for not paying it, then “WOW” how come my principal balance is already 23,000 but I’m not using my Credit Card already. So you have many question came up to your mind now what will I do? What’s my next step?
Now you realize all your payments since then is just you pay for the interest only, so you decided not to pay your Credit Card bill and prioritize your medication your family. You lose your job then that’s it you don’t have any Money to pay for your Credit Card so you decided to STOP paying it. After 3-5 Months your happy because your money goes to your needs and the bank said that your account will be moved to their legal department which is you need to pay your principal balance into full payment plus with attorney’s fee. Suddenly a call from a law firm collecting your dept’s because you’re already a Credit Card defaulter. Now that collector will harass you pretend to be a lawyer, sheriff or an NBI just only to Milk Money to you.
So for that situation you will blame yourself for having a Credit Card. So here’s my Advice for you Guys Once that situation happened don’t blame yourself because at first you like having a Credit Card so it means “Past is Past” don’t blame yourself or anybody else. YES that Law firm that 3rd party affiliate will totally harass you, expect that. And you know that collector is on a commission base meaning no collect no payment so they will definitely harass you why they don’t have manners at all? Because they are only “HIGH SCHOOL GRADUATE” they will use against you is “RA 8484”. Don’t be afraid because RA 8484 is for only who fake their Credit Cards unless you do, so nothing to worry on it. Once the collector harass you, they said that you will undergo for a site visit to process your case and once collector go to your place they will just give you a piece of paper to call atty. Etc. Then you will be surprise it’s just only the collector and will offer again a payment scheme my advice is “DON’T PAY IT” there just only Milking Money to you so better say that NO I CAN’T PAY NO EXPLANATIONS AND DARE THEIR BLUFFS! And don’t forget the Magic Word “According to my Lawyer sa Court na lang tayo mag kita” that’s it. So Enjoy Life your hope you learn your lesson.
By the way I’m also a Credit Card Defaulter I have 2 Credit Cards in HSBC still I’m enjoying dealing with the Collectors. Before I’m afraid and get nervous once I received a call from them so it’s not helpful for your health just live happy and free. So for those who want to avail a Credit Card think first before getting I’m not discouraging you but think twice. And before this blogspot helps me a lot and many People http://failuretopaycreditcard.blogspot.com this site helps me before and I’m sharing it to you. I like to thank BANKER and PLANTER for helping me dealing with the collectors.
*I'M JUST WARNING THE YOUTHS TODAY FOR APPLYING FOR CREDIT CARDS