Hope this "finally" settles it

Philippines
June 1, 2016 5:54pm CST
I went to the bank yesterday and paid it. Well, I'm glad she fell to their threat of resetting it back to two hundred thousand bucks with interest, that I finally get to pay the last amount. We've been paying for this for almost half a decade, and I seriously thought it will never end. But thanks to the compassion of the legal services it was lowered to 80k from 200k. If they accept the payment, and I would happy to say that we've put an end to our long years of credit card debt! We still owe money from the hardware for the materials we made for the commercial space. But that's easy now once we settled that we're finally going to be DEBT FREE
20 people like this
21 responses
@Corbin5 (106276)
• United States
1 Jun 16
Well, this is very good news. Debt free means more freedom!
3 people like this
• Philippines
1 Jun 16
Yeah, people don't understand the debt your paying despite of the business that you have. THey will think your rich, but for some reason i still wear the same amount of clothes everyday. @Corbin5
2 people like this
@ida123 (6267)
• Cagayan De Oro, Philippines
1 Jun 16
@Letranknight2015 What do you think of rich people who do business, they simply wear ordinary shirts not elegant ones, just like the nephew of my husband who owns many businesses here and other places, he looks like an ordinary man. Maybe, he did it so that naughty guys won't identify him as a millionaire.
2 people like this
• Philippines
2 Jun 16
@ida123 I don't want to become a target for rob or theft victim. wearing simple clothes is a way to keep yourself from getting attention from greedy people.
@ilocosboy (34311)
• Philippines
1 Jun 16
It's good you settled it now, you can sleep well
3 people like this
• Philippines
2 Jun 16
I will miss those days were i had to stick around and eat while i wait for the line to subside. @ilocosboy
@annierose (17692)
• Philippines
2 Jun 16
It feels good to be debt free. Actually, I hate credit cards but there were really instances that cannot be avoided like booking for a flight in which having a credit card will always come in handy. Before I use my credit card, I make sure I already have a cash on hand to pay for it.
2 people like this
• Philippines
2 Jun 16
That's how it started anyways with my dad @annierose he went there but didn't even bother sending money to pay back the debt that we end up settling.
2 people like this
@annierose (17692)
• Philippines
2 Jun 16
@Letranknight2015 I hope that your problems will be solved the soonest time possible.
1 person likes this
• Philippines
2 Jun 16
@annierose well, it did take its time, but I'm glad it's over. i called the law firm and they might call bpi to give us certificate that we have settled the debt , wwooooh!
1 person likes this
• United States
2 Jun 16
It is nice to hear you're debt free once it's settled! Congratulations! One thing lifted off your shoulders!
2 people like this
• Philippines
2 Jun 16
Well, it's a family debt that was finally settled after a long time @infatuatedbby
2 people like this
• United States
2 Jun 16
@Letranknight2015 That is good today is the day though!
1 person likes this
• Philippines
2 Jun 16
@infatuatedbby it was actually yesterday but i will call the law firm first.
2 people like this
@toniganzon (49925)
• Philippines
2 Jun 16
congratulations.
1 person likes this
• Philippines
2 Jun 16
Thank you, after fiveteen something years, were finally free from it @toniganzon well, I should call the law firm if they accepted it.
1 person likes this
@toniganzon (49925)
• Philippines
2 Jun 16
1 person likes this
• Philippines
2 Jun 16
@toniganzon trouble now i forgot were i put their phone number.
@ridingbet (52822)
• Philippines
2 Jun 16
that is why having credit card was discouraged by my big brother. he had debts before.
1 person likes this
• Philippines
2 Jun 16
There was one time I received a message about getting a credit card, but they will only allow registration if you had another credit card. unfortunately, I've only given a debit card lol i gave in but they kinda respond that i was not qualified to have one @ridingbet you don't have credit cards?
1 person likes this
@ridingbet (52822)
• Philippines
2 Jun 16
@Letranknight2015 i was offered by a bank here, together with 5 of my colleagues but i don't think it is appropriate for me. i have a debit card, but i don't use it as well. i am more into paying in cash than cards. here is my post about the debit card
This morning, my son accompanied me to get my new ATM card from a bank. This is the bank I mentioned in passing, in one of my discussions. We both left home at...
1 person likes this
• Philippines
2 Jun 16
@ridingbet I used to have a land bank credit card from my work at the call center. my first time I used an atm, it ate my card that's when i realized you can't keep the card on the ATM for a while, you have to get it right away.
1 person likes this
@flapiz (4154)
• Australia
2 Jun 16
I'm glad you're financially relieved. Hope you stay that way.
1 person likes this
• Philippines
2 Jun 16
Well, that's the last credit card or CD debt we'll ever see because they're won't be another. The only thing i have now is the debit card @flapiz
1 person likes this
@flapiz (4154)
• Australia
2 Jun 16
@Letranknight2015 I'll never get a credit card. I think I'll be buried in debt if I get one.
1 person likes this
• Philippines
2 Jun 16
@flapiz That is very true, the interest might even be higher over there? Im glad i didn't have credit card, despite of the temptations.
1 person likes this
@just4him (117005)
• Green Bay, Wisconsin
2 Jun 16
That's totally awesome! Congratulations!
1 person likes this
• Philippines
2 Jun 16
Do you pay credit card debts too? @just4him I'm happy i get make teh last pay this month
1 person likes this
@just4him (117005)
• Green Bay, Wisconsin
2 Jun 16
@Letranknight2015 I don't own a credit card and haven't had one for a very long time. Not since before my divorce and that was a couple decades ago.
1 person likes this
• Philippines
2 Jun 16
@just4him Wow good for you, and sorry for hearing that divorce. at least you are debt free for a long time.
1 person likes this
@cacay1 (32884)
• Cagayan De Oro, Philippines
2 Jun 16
Congrats friend. You know if you have a credit card, our debt will double every 2 years.
1 person likes this
• Philippines
2 Jun 16
Sometime three years ago she cancelled it and the amount went to 200k but the law firm took a pity on her and lowered to its original credit limit which was 80k @cacay1
1 person likes this
@cacay1 (32884)
• Cagayan De Oro, Philippines
2 Jun 16
@Letranknight2015 I remember my money more than 200 ,000 robbed by a friend, the one I told my saving for almost 5 years.
1 person likes this
• Philippines
2 Jun 16
@cacay1 That's no friend! how the heck did that happened? all those years of saving
1 person likes this
@SIMPLYD (79665)
• Philippines
2 Jun 16
You paid you credit card that much ? Why what happened ?
1 person likes this
• Philippines
2 Jun 16
We used it but we couldn't pay the interest in time, until it grew and grew to the point mom had to close it down @SIMPLYD Im glad it's over now.
1 person likes this
@SIMPLYD (79665)
• Philippines
3 Jun 16
@Letranknight2015 At least now it's over . Just keep the receipt or the bill for future reference , because they might ask payment again .
1 person likes this
• Philippines
3 Jun 16
@SIMPLYD I've kept almost all of the receipts until the last payment
1 person likes this
@skysnap (17817)
2 Jun 16
hmm i have yet to buy my own home. so not yet into debt but not yet debt free either.
1 person likes this
• Philippines
2 Jun 16
Hello @skysnap Not a credit card debt but they were no threats of increasing the interest rate. this time we pay it with out any problems.
@skysnap (17817)
2 Jun 16
@Letranknight2015 i see.thats good. it's better to pay early before interest rates are increased.
1 person likes this
• Philippines
2 Jun 16
@skysnap well, if they didn't pay, we would be paying it forever...now, we have put an end to it forever
@Shavkat (62551)
• Philippines
2 Jun 16
I guess we need to celebrate for this good news. Cheers!
1 person likes this
• Philippines
2 Jun 16
wish i had a cake for it @Shavkat
1 person likes this
@Shavkat (62551)
• Philippines
4 Jun 16
@Letranknight2015 Can I request? I like chocolate cake.lol
1 person likes this
• Philippines
4 Jun 16
@Shavkat Waaaah! with marshmallows and flower candy?
1 person likes this
@rakski (15923)
• Philippines
2 Jun 16
yes, having a credit card debt is hard. good for you, you were able to settle it.
1 person likes this
• Philippines
2 Jun 16
I think it was about time to put an end to the debt @rakski Did you have credit cards too?
1 person likes this
@rakski (15923)
• Philippines
2 Jun 16
@Letranknight2015 I used to have way back. I learned my lessons early so I put a stop.
1 person likes this
• Philippines
2 Jun 16
@rakski wow that was quick, did you cancel you're card?
@ida123 (6267)
• Cagayan De Oro, Philippines
1 Jun 16
Good that you've settle this account and now, you're not going to worry about the interest and penalties and you're already debt free.
1 person likes this
• Philippines
2 Jun 16
Hello @ida123 I'm sure we won't be worrying about that now since it's the last payment.
1 person likes this
@ida123 (6267)
• Cagayan De Oro, Philippines
2 Jun 16
1 person likes this
• Philippines
2 Jun 16
@ida123 when i called the law firm, the lady we spoke was on leave so i might call again tomorrow.
1 person likes this
@marlina (73885)
• Canada
2 Jun 16
Glad that you will be debt free.
1 person likes this
• Philippines
2 Jun 16
Just the credit card debt, there's another one but I don't think it will be a problem @marlina
@acelawrites (10931)
• Philippines
2 Jun 16
Congrats, soon you will have less worries and can use your money for other purposes or save it.
1 person likes this
• Philippines
2 Jun 16
Well, we still have other debts to settle/. But this is one huge burden off my our shoulders @acelawrites it could have gone forever if we didn't pay up
• United States
2 Jun 16
That's great! I'm happy for you! :-)
1 person likes this
• Philippines
2 Jun 16
thank you @missjessicadawn no more credit cards, ever!
1 person likes this
@MGjhaud (20740)
• Philippines
2 Jun 16
thats a wonderful relief..
1 person likes this
• Philippines
2 Jun 16
yes, it is and I'm happy about it @MGjhaud
1 person likes this
@Lucky15 (33386)
• Philippines
1 Jun 16
Liberating feeling it will be ;)
1 person likes this
• Philippines
2 Jun 16
yeah, i won't be going to that bank ever! @Lucky15
1 person likes this
@Hatley (164654)
• Garden Grove, California
30 Jun 16
congratulations Letran thats wonmderful to be out from under that debt w at to g o