Credit Card Debt | The Manila times


How to get a loan with a bad credit score?

A lot of lenders don’t provide personal loans with bad credit for those with poor credit scores.The credit score tells much about the client’s commitment to repay their debts and credit cards and, in some cases, they could avoid or delay loans due. However, that’s not a major issue since numerous lenders offer secured and unsecured loans for people with bad credit.Many people face financial hardships situation and require additional funds for emergency situations.The lenders are aware of these situations and will provide loans even if you have a low credit score. Champion of payday An emergency loan may be able to assist you in covering the costs, but It doesn’t mean you will get the best emergency loan with bad credit.( )

Dear PAO,

Are I liable on behalf of my husband’s debt? indebtedness? He has a credit card has been in use since the outbreak began. I’m not sure if the cardholder has signed a contract to use the card or the card was simply sent directly to his home at the time was the first time he used the card, however I’m certain I didn’t sign a credit-card agreement with him. My friend informed me that I might have been held jointly multiplely accountable. Does that sound right?


Dear Ascha,

A joint liability can be argued when the obligation explicitly provides for this, or any law nature of obligation calls for solidarity. It is specifically provided for within Article 1207 in the New Civil Code of the Philippines The article says:

“The gathering between two creditors, or of the meeting of two debtors with the same obligation does not suggest that any of them is legally entitled or obligated to fulfill the obligation unless the obligation specifically states the law in question or the type of obligation calls for solidarity. “(Emphasis added)

For couples, the laws stipulate that their property rights are governed in the following manner: (1) By marriage contracts signed prior to the getting married; (2) According to the rules in the Family Code; and (3) the local custom. (Article 74of the Family Code of the Philippines) If no marriage contract is signed or the arrangement negotiated by both spouses is not valid and they are bound by the system for absolute communal property set by the Family Code. (Article 75, Id.)

Regarding the previous guidelines pertaining to the matter that you brought up, if both you and your spouse signed a pre-marriage agreement We suggest you look over the clauses of your prenuptial contract to determine the amount of your responsibility in relation to the debts of your husband are his .

When you as well as your spouse are not married under a contract , and therefore are subject to the rules for absolute property community the community property could be held responsible for the debts of your husband with your permission or for accrued debts with your consent and could have benefitted your family. If the assets of your joint aren’t sufficient to pay the debts, you could find yourself jointly and jointly responsible for your specific assets. Section 94 of the Family Code provides in particular:

“Article 94. The total group of properties is responsible to the following:”xxx

“(2) All obligations and debts entered into during the marriage, which the administrator designated by the administrator signed to benefits of the whole community, of both spouses , or of one spouse, with the approval of the other;

“(3) obligations and debts made by one spouse, without the approval of the other spouse, so long the family would have the benefit of it by them.

“If the assets of the couple do not cover the above obligations and, with the exception of the obligations that fall under paragraph 9.9, the spouses and their assets of special nature are jointly and severally responsible for the remaining balance.”

We hope we have been in a position to help you answer your questions. This information is based on the information you’ve provided , and our opinion on the subject. Our opinions may change in the event that other facts change or clarified.

Editor’s note: Dear PAO is a daily column published by the prosecution. For questions for the Chief Acosta can be directed to [email protected]


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