Maybe you have been asked by a friend to sign as a co-maker in a loan transaction. You’re then asked to sign a promissory note or a debt instrument which designates you as a co-maker. There should be no problem with this, as the principal is usually someone the co-maker knows and trusts. However, there are plenty of examples when co-makers are declared liable because the principal debtor was not able to pay. This is a brief discussion on the extent of a co-maker’s liability.
A co-maker may be asked to sign on a space provided on the main loan agreement. In other instances, the co-maker is asked to sign a promissory note that looks like this: “I, ________, as the co-maker of the above-quoted loan, have fully understood the contents of this Promissory Note for Short-Term Loan. That as Co-maker, I am fully aware that I shall be jointly and severally or solidarily liable with the above principal maker of this note.”
In case of breach of contract or non-payment of the loan, the lender may take any of the following options:
- 1. Proceed against the principal debtor;
- 2. Proceed directly against the co-maker even without trying to collect from the principal debtor; or
- 3. Proceed simultaneously against both the principal and the co-maker.
Of course, the co-maker may also go against the principal debtor for reimbursement, but this is not an excuse against the lender.
A co-maker is generally treated as a surety. In a contract of suretyship, one lends his credit by joining in the principal debtor’s obligation, so as to render himself directly and primarily responsible with the principal debtor. A surety is bound equally and absolutely with the principal, and is deemed an original promisor and debtor from the beginning. This is because in suretyship there is but one contract, and the surety is bound by the same agreement which binds the principal.
In some instances, the co-maker would argue that he/she is merely a guarantor, not a surety. The two concepts, of course, are different.
- A surety is an insurer of the debt, whereas a guarantor is an insurer of the solvency of the debtor.
- A suretyship is an undertaking that the debt shall be paid; a guaranty, an undertaking that the debtor shall pay. Stated differently, a surety promises to pay the principal’s debt if the principal will not pay, while a guarantor agrees that the creditor, after proceeding against the principal, may proceed against the guarantor if the principal is unable to pay.
- A surety binds himself to perform if the principal does not, without regard to his ability to do so. A guarantor, on the other hand, does not contract that the principal will pay, but simply that he is able to do so. In other words, a surety undertakes directly for the payment and is so responsible at once if the principal debtor makes default, while a guarantor contracts to pay if, by the use of due diligence, the debt cannot be made out of the principal debtor.
[Source: Palmares vs. CA, G.R. No. 126490, 31 March 1998]
i would like to ask, what i can do to stop the lending company from asking me to pay the money that my friend borrowed from them? i signed as a co maker for my friend..she resigned from where i am working now ,and became dilinquent in paying her amortization. when i came to see her parents to ask where their daughter is, they said they dont have contact with her anymore, which is unbelievable…i think they are lying…what i can do with the summon that i received, that is asking me to appear in court within ten days of my receipt of that notice?
should i go? and what would be the process then? what if the principal debtor herself would not appear…does it mean,they can force me to pay in behalf of my friend?
i would like to ask i comake my co worker and she was resigned last december 2014 and i been received a notice on our company to pay for the balance
my question am i liable to paid eventhough almost 1 year and 4 months past
for your assistance pls
i would like to ask if i have i can file a case to the principal borrower because the deduction that was suppose to be paid by her was cut off and instead deducted from me she resign from work.and now she has no work how can i get back the moneyni paid for her i will not file a case and what will be the case. Thank you and GODBLESS.
PAY THE OBLIGATION………..
gusto k rin po humingi ng tulong. i have the same situation with winters_galdo. the bank want me to pay for the debt of my cousins. since co-maker daw po ako. eh she suggested naireloan k daw po ang loan ng cousin k. pra daw po mabayaran. ipapaabugado n daw po kc nila tapos ippasheriff din daw po ako kc mapapadalhan daw po ako ng notice from sheriff. as of now eh wala rin po akong contact s cousin k. umalis po siya dito sa amin kc madami po siyang pinagkakautangan. tama po b n ireloan un. eh hindi k rin po kayang bayaran ang utang ng cousin ko kc may mga binabayaran din po kasi akong utang namin. at saka pag nagre-loan eh sa akin n iyon ipapangalan.
another thing po is co-obligor din po ako sa isang microfinancing n kung saan po eh weekly ang bayad. eh eto po uling pinsan k ang involve. hay! tama po b na magpull-out sila ng gamit namin para isangla para maipangbayad s kanila weekly? hindi po kc sila naalis ng walang naibibigay ng payment. kahit anong paliwanag k n po na wala akong pambayad eh nun time na un eh gipit ako. pilit po nila akong pinauutang s ibang tao para lng po mapunan un monthly payment ng pinsan ko. so ang nangyari eh nag pull-out po sila ng gamit. tama po b iyon?
PUEDE PO MANGHINGI NG ADVISE?? my friend po ako na nag guarantor sa utang ng kanyang bilas, in other words, nag issue po ng tseke ang guarantor (pdc)., ngayon, hindi po nagbabayad yong nangutang so walang pondo na pumapasok sa tseke, ( closed account).
may kaso po ba rito ang nag guarantor sa utang. Umabot na po sa 119 thousand yong utang . YOng guarantor po ang pinipilit na magbayad ng lahat since yun pong umutang e ofw at hindi nag papadala ng pambayad.
puede po ba syang kasuhan ng estafa dahil sa pag papagamit nya ng tseke nya.
ganyan rin ngyari sa akin sinisingil ako ng microfinance kc co maker din ako haay wala na talaga ng uyan na nga ko ng 1k sa utang ng pinsan..pero next time wala na khit pigain pa nila ako
pwede ba ma renew ang loan without the knowledge and consent of the co maker? what if ang co maker na ang tine-threaten ng lender, pwede ba sila kasuhan?
Generally, bawat utang may contract na pipirmahan. Ideally dapat present at personal na mag-sign ang maker at co-maker sa contract na iyon. Matatapos ang contract na iyon kapag natapos na makapagbayad ang nagkautang. Kapag mag renew ulit ang nangutang, dapat panibagong contract na iyon, wala nang kinalaman sa dati. Para masagot ang tanong mo, hindi pwede ma renew ang loan at ikaw pa ang co-maker na walang acknowledgement or pirma mo. Pero sa situwasyon mo i verify mo kung ikaw parin ang nakapirma duon. Kasi pwedeng na “reconstruct” lang ang loan at hindi dahil sa nabago ang loan. Reconstruct dahil hindi kinaya ng maker ang tamang pagbayad at na ayos ayon sa kakayahan niya magbayad at dahil dito maaaring aakyat ang babarayan dahil sa interest (ito ay para sa ibang nagpapautang at hindi sa lahat). Tandaan ang role ng pagiging guarantor, na ikaw rin ang magbabayad kapag hindi nagawa ng borrower, kahit na hindi mo nagamit ang perang nahiram. Ang pwedeng gawin ng lender ay idaan sa Barangay para isettle ang utang, o kaya naman diretso sa “Small Claims” para maghain. Maliban duon hindi na sila pwede mag threaten. Sana nakatulong ito.
nakakaranas din po ako ng parehas na sitwasyon. ako din po ang siningil sa utang ng friend ko kasi nowhere to be found na ang friend ko na syang principal na me pagkakautang..pati nga po ako ay nautangan at tinakbuhan nya din..pero bilang co-maker nya po ay ako ang sinisingil ng pinag-loanan nya..this is so unfair po para sakin lalo na at biktima din ako..meron po ba akong legal rights para maprotektahan naman po ako sa sitwasyong ito at di po ako mapademanda sa utang na di naman po sa akin?..maraming salamat po
parehas din po ang situasyon ko sa iba. Kinakaltasan po ako ng sweldo para mabayaran ang utang n hindi nman po sa akin pero sabi po ng HR namin mo responsibilidad dw po ako bayaran ang utang ng kasamahan ko na tinanggal po sa trabaho dahil ako po ay co-maker. Tanong ko po responsibilidad po ba talaga ng co-maker na magbayad? Meron po kaya akong laban kung irereklamo ko po ito. Salamat po.
Hi, i have same situation po , ngcomaker din po kasi ako sa isang friend kasi close naman po kami and parehas po kaming my work, but a couple of months hindi na sya pumpsok after nyang makakuha ng pera and dahil dun natanggal sya sa trabaho ang masama po nito hindi na rin po sya ngpapakita sa akin even puntuhan ko family nya hindi na rin da sya umuuwe sa knila, ano po pde kong gawin para lang maayos ko ginaw ng friend ko and pde ba kong magsampa ng kaso sknya? please help naman po,
hello good day !! matanong ko lang po kahit po ba 5,000 pesos and below ang inutang na pera sa lending is the co-maker liable to pay parin po ba??
thank you 🙂
jadii08
Ang problema ko po ay isinanla ko ang ATM ko sa nagpapautang with only my salary na papasok dun ang kukunin. Ngayon may kaibigan ako na customer din nya nagkasabay kami na nagpunta sa inuutangan namin tapos nag additional sya ng 60k komo nandun ako at kilala na nung ngpapautang pinapirma ako tapos ngayon di na nakakabyad yung friend ko ako na ang hinahabol ng lahat ng utang nya na umabot na ng 380,000.00 lahat na ng benefits na pumapasok sa ATM ko hinihold nya na sa friend ko na lang daw kunin yung pumasok sa ATM ko. Kawawa naman pamilya ko single parent po ako wala na akong natatanggap sa pumapasok sa ATM ko. pwede ko po ba ipaclose ang ATM ko konti lang naman utang ko sa kanya kung tutuusin bayad nako sa kanya sa mga ibinawas nya sakin mga bonus ko for 2 years wala akong nabawi. Ano po ang dapat kong gawin. Kakasuhan daw po ako pag pinaclose ko ATM ko kc yung friend ko walang wok may tindahan lang at nagpapalit ng tseke sa workplace ko sa dinig ko nalugi daw ang business nya. Naapektuhan na po ang health ko 52 na po ako lagi na akong High Blood dahil sa kakaisip ng problema na ito. please help me po. salamat.
magandang umaga po.tanong kulang po pwede bang makulong ang ang co maker kapag hindi nagbayad ang principal,ang kanyang principal ay aman niya ang aking anak ang co maker.nagkaroon na po g hearing napunta na kami sa mediator nagkaayos na kaso niloko kami ng representative nila sabi nila bbyaran daw ang ganitong halaga 77t magbigay daw kami ng 30t cash at yung kalahati bayaran ng 6 months to pay.pero ng matapos na ang usap sa mediator sabi ng representative yung babayaran namin ay interest lang nila,at babayaran daw namin yung principal loan kapag natapos ang interes namin.kaya hindi kami nakabayad sa kanila.may dumating na subpeona samin nakalagay promulgation of judgment.hindi po namin alam yun .natatakaot kami baka pag sipot namin don ay kasuhan na kami agad ikulong ang anak ko.kanyang ama ay wala nag work sa ibang bansa.ano po ba pwede gawin don.kahit paw na abogado hindi kami matulungan kasi hindi daw mabigat kaso hindi kami nakapatay un lang daw ang inuuna nila.ano po ba pwede gawin.
ang kaso po ay bp22
Can a foreigner not residing in Philippine be a co-maker or guarantee a home loan?
Hi, I would like to ask a more understandable explanation of being a co-maker. I have a workmate who had loan an amount to a lending business and now, I am not seeing her anymore in out company. She even do not answer my calls. And I am bothered if the lending company will ask me to pay the debts or loan she got. Honestly, I do not remember the papers I signed when she loan an amount from the lending company. I even really doesnot understand fully what was written there.
But with the above article you posted, I assume that as a co maker I am just a person who promises that the person who had debts from them promises that this person will pay the amount compairing it to a surety that has the liability of paying the loan itself incase the person would not able to pay for it.
What if the principal debtor dies? What’s the co-maker’s obligation? Will he/she be obliged to pay the whole amount?
parehas po ang situwasyon namin ni fely. ano po ang dapat naming gawin? liable pa po ba kami sa namatay na borrower?
hi, may tanong din po ako, kumuha ng tricycle ang pinsan ko sa isang company, 6 months installment, kinuha nya po akong co-maker, kaya lang po nagkasakit bigla yung pinsan ko na stroke po sya. kaya di sya makapagbayad ng monthly installment dun sa company ng tricycle. at ang problema binenta narin nya yung tricycle sa iba. at binayaran na siya ng buo nung binentahan nya.. ginamit nya yung pera sa pagpapagamot. ang problema, ayaw nya pong sabihin sa akin kung kanino nya binenta, kasi pilit pong pinapa surrender ng companya yung unit, which is hindi nya po pwede sbihin kc, bayad na sknya yung bumili,nahihiya sya dun sa bumili sa knya. kaya ngayon ako ang pinipilit ng company na mag bayad o isurrender yung unit which is hindi ko nga alam kung nasaan. pero nangangako naman yung pinsan ko (principal) na babayaran nya sila. kc my mga property pa na man ang pinsan ko na pwedeng ibenta. at yun ang pambabayad.. ako kc ay wala din kakayahan na mag bayad.. pwede ba nila akong (co-maker) iharass na magbayad at sampahan ng kaso dahil hindi ko cla binabayaran, since nakaka usap at nakikipag negociate pa naman sa kanila yung principal na babayran sila , pwede po ba akong makulong? ano po ang pwedeng mangyari sa co-maker kung tlgang di makpag bayad and principal..at yung papel nga pla na tricycle na pinapirmahan nila sa amin at ay walang tatak na naka mortgaged.. na suposed to be dpat may mortaged yun, dahil installment basisi sya. pwede po ba nila itong ikaso?salamat po.
Question lang po. kasi kami naman nung apply ako sa lending may pinagpartner sa akin na tao then ginawa kaming dalawa na co-borrower with each other, and then ngeon may nagemail sa akin na ung co-borrower ko eh nakasummon na sa court, and I received a txt message na kelangan ko daw po pumunta dun sa court for preliminary hearing. kasi di ko naman po sya kilala talaga ang ginawa lang ni lending pinagsama kaming dalawa para maging co-borrower. may legal obligation po ba ako dito..
hi good pm po,tanong ko lang po yong kuya ko ay mag-aaply para abroad tapos hiningan kami ng current bill para makapaglending sa corporation ng agency na pinag-aaplyan nya,kaso nangungupahan lang po kami ng bahay at submeter lang din po ang gamit namin.Kaya nanghingi kami ng current sa pinsan ko na may sariling kuryente,hinihingan siya ng 2 valid ID,birth certificate,at1x1/2×2 na picture.Ang tanong hindi ba siya pagbabayarin sa i loloan na pera ng kuya ko,kung sakaling magkaabirya.Salamat po!
Last 2005, My friend’s sister borrowed a huge amount from a lending company and until now her sister still didn’t pay for it. So now a noticed was sent to her by the company’s legal counsel to pay her sister’s debt within 5 days. Because it was stated that she’s the co-maker of her sister. As far as she can remember she didn’t sign for anything regarding that matter. But she can’t clarify that. How can she stay away from paying the debt of her sister? And is there any way she can file for forgery since she really didn’t remember signing anything.
I got so many informations and explanations from you. Very helpful for us leaders in a cooperative.
Is the co maker can arrestd and go to jail?.
tanong ko lang po, naisanla ko po yun atm ko last 2012 pa, that time ang net pay ko pa lang ay 4700, ang principal loan ko po ay 167, 000 until now po ay nsa kanila pa din atm ko at wla ako nakukuha na kahit piso na sukli. nang hingan ko po sila ng statement of account eh nakalagay po dun sa isang kapirasong papel na sulat kamay lang ang inabot na ng loan ko eh 447 800, halos kalahating milyon na po, at mahigit na sa naging loan ko ang nababawas kc mag aapat na taon na sa kanila atm ko,nang tanungin ko sila napakatagal sumagot, pabalik balik pa ang asawa ko makuha lang un listahan nila, at ang sabi ieextend pa daw po un payment ko, matatapos po kc un contract this april 2016.ako lang po ang inaasahan ng aming pamilya, salamat sa diyos nakakaraos kmi kahit wla ako nakukuha sa sweldo,hindi na ho makatarungan ginagawa nila, pati un unng midyear ko nung 2012 kinuha na nila pero di nilista as payments ko. panu po ba ang tamang gawin at kanino po pwede magtanong tungkol dito..,sana po masagot nyo ito.
I signed s a co maker of a certain debt of a friend but my friend died untimely after several years after her death the creditors sent me a letter demanding from me to pay my dead friends debt.. am I liable to pay a debt of a dead debtor?
I have a question, me and my officemate are comakers to each other,he already had filed his reloan and mine was approved late..what happened now is that when my loan was about to be approved my comaker called the lending company and asked to disapprove my loan.I talked to him and had an agreement, he is asking me to give him 3000 pesos once my loan is approved and also he will hold my atm card and he will be the one to widraw my monthly salary..I don’t owe any money from him and he even created a personal waiver between him and me about the said agreement which doesn’t include the 3000 pesos he is asking from me. Is there a legal action I can do or file against him to fix this issue? I feel being harassed.thanks!
ask ko lang po. Nagco-maker po aq. 2 kami co-maker, then then ung isa ung principal. After a month of payment, nagloko na po ung dalawa, ung isa hindi nagbayad eversince, then saka lang namin nalaman na ibang address ang ibinigay para di sya ma-track. Kaming dalawa ni principal, nagbayad for only a month lang. Sa aming tatlo, si principal ang may pinakamalaki na nakuha worth10k+, ung isa co maker worth 6k, then ako 8k. Nag-usap kami nung principal pero malabo usapan namin nung time n un kung babayaran namin part nung isa, since my mga interest charges na and 32k+ na babayaran since tumagal na ng tumagal. Wala samin gusto maging liable sa utang nung isa. Hanggang sa tinakbuhan nya na din ako and nagtago. Nagpunta ako sa lending, saka q lang nalaman sinasabi nung principal na hindi daw xa nakinabang sa money and kami lang daw umutang nun,na ginamit lang namin ung tenureship nya sa com-pany, which by that time probationary kaming dalawa ni co-maker, Nakipag-usap kami sa lending ng asawa q, then sinabi nung namamahala dun na pag binayaran namin ung amount na 13k+ , i-oout nya kami sa contract, even my existing contract. tinanong namin if magpprocduce ba sila ng iba contract, malinaw na HINDI ang sinabi nila. Sabi namin magpapa abogado kami ng usapan, NO NEED na daw, sya daw bahala sakin, panghahawakan ko nalang daw ung resibo. Nagbayad kami, then after several months, nakareceive nnaman ako ng letter sating need q magbayad, amount due is 32k+ again. Ngaun sinisingil ako ng lending since wala mahagilap sa 2 ko kasama, and dinedeny nila naging usapan namin na i-oout nila ako.Ano po ang magandang solution dito? Uncapable po ako magbayad ngaun ..thank you.
nalubog ako sa utang sa mga micro finance,dahil may tindahan ako madalas ako ang ang pinupuntahan para alukin,sa madaling salita nag loloan ako,,taon ang binilang ok nman lahat payment ko lumalaki na din mga loans ko,,dumating yung time na nalugi ang tindahan ko di ko na kinaya hulugan ang araw araw na dumadaan na collector,nawalan pa ng trabaho ang mister ko,umabot na sa 4 na buwan na past due na mga hulugan ko,,hindi ko na din sila maharap dahil sa kapipilit nila na mkabayad ako,eh wala nman ako talaga sapat na pera para mkabayad,ano po ba ang maari ko gawin,hirap na po ako ,hindi nman po ako nanloko dumating lang ang pagsubok,na hindi ko masagot,sana po matulungan ako,salamat
Good day!
Ma’am/ Sir,
Nag tatra-tabaho po ako sa isang lending company- UNSECURED BUSINESS LOAN po kami., Gusto ko lang po sana malaman kung legal po ba na idemanda pa po namin yung co-borrower at co-maker kung si Borrower ay namatay na. ayaw po kasi mag bayad ng mga guarator nito sa naiwang loan ni Borrower?
lahat ng otang dapat bayaran ng co-maker but hindi kau makukulung wlang nangungutang na makukulong … di po yan ninakaw yang mga padala sa bank na note po is pananakot lamang po ya pra mgbayad ang tao
dapat s borower na namatay dapat fully paid na yan di obligado ang naiwan,po dapat offset nayan pag namatay ang nangutang anog claseng lending ba yan sa inyo..
question po 1st time k po mag co maker nagtiwala po ako sa isang tao n asawa ng may ari ng bldg. as a teenat dito sa inuupahan nmin n bldg. di ako nkatangi n mag co maker na alm k n makakabayad sya kc asawa ng may ari ng blg. at may mga properties like drive in ang computer shop ngayon nlaman k di pala lam ng asawa n nanagloan sya at nag away eto mula noong di n sx bumalik sa bahay at ung lending ako n po ang sinisingil n di k alam n ganun pla patago sa asawa ang loan nya n dun kumukuha sa negosyo nila ang pagbayad ngayon po di kn makita ang kinomakeran ka patulong po may collateral sya pirmahan pwede po b yun ang kunin para di ako sumagot ng loan nya? pls. help po may inquiry tnx
hi good pm po may sister po ako na ginawang comaker ng mother ko na hindi nya alam ngayon po ang mother ko is umalis ng bahay para magwork and yung lending company po is hinaharass na yung sister ko kc xa daw yung comaker and binigyan ng taning ang pagbabayad ng after one month para isettle daw po iyon which is yung utang wala pang isang buwan and nkalagay po sa contract na and utang is sa loob ng 4months dec po nagloan yung nanay ko dun and january pa lang po pero binibigyan lang ng one month to settle down everything.. i hope matulungan nyo po kami..
may loan po ang kapatid ko sa isang lending company at ito po ay insured. ofw po sya at ako po ang co maker nya. nawalan po sya ng work after 2 payments ng loan nya. umuwi sya sa pilipinas at nagtry maghanap ng work pero until now ay wala pa po syang work. ako ang hinahabol ng lending company dahil di nila malocate ang kapatid ko. ano po ba ang dapat kong gawin.
Same situation here. Badly need a legal advise please. 6years pa yun utang ng officemate ko sa lending company, ako yun co-maker nya at wala na akong copy nung contract. Hindi siya nagbayad at umabot ng 100K yun utang nya. Ako yun hinahabol ng lending kasi ako yun pinakamalapit. Ang alam ko nasa province na yun former officemate ko, hindi nagrereply sa messages ko at wala na akong contact details/address. May hearing kami sa fiscal’s office sa june. i dont know what to do. Gusto kong humarap para masabi na singilin muna yun principal bago ako pero baka sabihin lang sakin na hindi na nila mahanap kaya ikaw na dapat magbayad. please help me.
Ma’am Kamusta po itong case nyo? Same po Kasi tayo ng case ?
Hi, same situation tayo.ask ko lang kung anong update sa case mo.
Good morning .. I would like to ask your help or opinion about the legality of unregistered lending in our subd. And about the interest rate.
In our subd. Residents have this so Called “Kapunungan” which a homeowner who wishes to join.. Has to put in P2000…and could borrow with an interest of 10% per month.. Then, they will divide it among themselves as fund before the fiesta.
My mother who borrowed P15,000. For her friend who did not keep her promise to pay the interest as well as the principal. She let her friend had the money without having her sign. My mother kept this from us over the year.. Until we(her children) were informed that she has to pay P34,000. (15k+ interest of 120%). Less 1 month interest paid by her friend.
The treasurer deducted her share and made it down to p29k… Then we raised the money and paid her25k..with a bal of 4k..
Is what they are doing legal? Can we not pay anymore the bal. Because the interest rate made double the principal amount?
Thank you so much for entertaining my concern….
Good Day:
Ma’am Sir , I am Gladys Golosino I am in charge with our comakers transfer of loan liability with its maker who are now unallocated , what is the best way or possible solution to tell all of those comakers that they are liable since they sign and read the promissory note. Thank you and God bless.
Wala naman mga sagot ang mga tanong dito
Is the co maker still have an obligation to pay even though the debtor is already dead and the motor is been missing (carnapped)?
2010 ngloan po c mama s bank at ang collateral ay title ng lupa ni papa.nmatay po c papa 2011.SB ng bank HND po nrenew ang insurance kya wla kmi ntanggap at ang mskt pa tuloy lng ung utang hanggang s lumaki at HND n nmin nkayang bawiin ung title. SB po ng bank c mama daw ang nkpangalan s utang at c papa ang co maker.pwede po b un n ang nging co maker ay ang nkpangalan s title at c mama ang main debtor po b un?senxa n p HND q Alam.wla nmn po work c mama at c papa tlga ang my work.SNA po matulungan nyo kmi.
Hello po may tanong ako.Ang co maker namatay,ang principal debtor ayaw magbayad.May pananagutan pa ba ang co maker kahit patay na?
Good day. i would like to share my case.
sometime in July 2016 my officemate took a loan with no collateral of about 300K. I together with my other officemate served as co-makers. in dec of the same year he died. due to his untimely death i together with my officemate were obliged to pay by our coop the loan of our friend. my question is that are we obliged to pay the loan since he died?
Gusto ko lang po magtanong, if ever po ba na namatay na yung nag loan po sa SSS, liable po ba yung co-maker nun na bayaran padin yung whole amount nung inutang nung loaner? Salamat po.
Paano po pag namatay na po ang principal na nangutang…obligasyon pa ba ng comaker na bayaran inutang nung namatay?
Hello po, isa rin po akong co-maker the thing is tine threat ako ng lender na puro partial payment lang daw kasi ang bnbayaran ng kaibigan ko at asawa nya at galit na galit pa sakin kasi di raw namin snsagot ung mga tawag nya samantalang knkausap namin sila kahit 20k per month nagbabayad kamo at ngayon lang sabi nya magbibigay ng warrant of arrest samin since di raw kami nagbabayad ng maayos pero ayun nga po last week ng January nagbayad naman ang kaibigan ko ult at nitong darating na katapusan.. Makakasuhan po ba kami talaga dun? Kasi sabi pa po sakin mawawalan dw po ako ng work dahil sa bp22..Please kelangan ko po ng legal assistance
Gudpm poo have a problem regarding sa friend q na nangutang po Ng motor I expect na ok na po .after 2years sheriff na Ang pumunta atmag garnish na cla Ng mga gamit for the said amount.kaya Ang ginawa q ay sumama sa bahay Ng friend para dun cla mag garnish but sad to say after 3hours Ng conversation Wala syang maibigay.so nag declare Ang sheriff na sa akin daw cla mag garnish Ng gamit.kaya nga volunteer q na deposit ang tricycle q dahil sa kaba at takot..2 weeks na po na di q makuha ang tricycle q dahil until now Wala parin pong move Ang nangutang.ano po Ang dapat kung gawin.thanks