News And Articles


Annual Fee
Interest Rate

What Debt Collectors Can Do

  • Interest Rate :
  • Annual Fee :

DESCRIPTIONS:

Have you missed payment on your credit card are now starting to receive calls from debt collecting agencies? Don’t allow yourself to be bullied. Debt collectors have limited powers. If they cross the line and start to lie, harass, or embarrass you, you can complain. Here are some of the practices that off limits for debt collectors. If you feel you have been wronged, complain immediately.

1. Threatening and harassment. Collectors can never use threats of harm or violence. For instance, they cannot try to scare you by saying that they will go after your kids if your do not pay what you owe. They also cannot use profane or obscene language, and must remain respectful at all times. They also cannot call you repeatedly for the sole purpose of annoying you, hoping that you will pay.

2. False statements. They cannot pretend to be lawyers or government representatives in order to intimidate you. They also can’t falsely state that by not paying, you have already “committed a crime.” If they are just debt collection agencies, they must admit to it; they cannot lie and say they are direct employees of your credit card’s issuing bank.

Collectors are also not allowed to scare you by saying that if you don’t pay, you will be arrested, or that your properties or wages will be seized. They can only say this if they are in fact already permitted by law to take such drastic actions and that they really intend to do so. Collectors also cannot threaten you with legal action if they don’t really intend to file a case.

3. Unfair practices. Debt collection agencies work on commission; if they get you to pay, they get a percentage of your money. However, some of unscrupulous agencies even go as far as to illegally make more money off you. Remember: They are NOT allowed to collect interests, fees, or charges on top of the actual amount you owe UNLESS your contract with your issuing bank allows such a kind of charge.

4. Embarrassment. Collectors cannot disclose the details of your debt to a third party. They may get in touch with other people – such as your co-workers or other members of your family – but only to get details such as your current address, phone number, etc. They cannot tell third parties about what you owe.



Featured Credit Cards:

RCBC Black Card


FEATURES:

  • Highest credit limit
  • Peso Payment convenience (gives cardholders the option to purchase in any currency abroad and then pay in pesos when they get back home)
  • Revolving Facility (allows cardholders to pay the minimum of 5% of their total outstanding balance or P500, whichever is higher.
  • Get Cash Advance of up to 50% of your credit Limit or Php250000
  • Annual fee of Php3,600

CITI BANK GOLD CARD


FEATURES:

  • Get privileged service anywhere around the world when you travel with Citibank Gold Card!
  • >Pay an annual fee of Php2500 for your primary card and take advantage of a credit line higher than you imagined!
  • Avail of Rewards point for every Php30 spent with your credit card.
  • Travel the world with no worries with Travel Inconvenience Protection available for all card holders just by paying your ticket in full making use of the Citi Gold Card!
  • Relish on Cash Advance Service of only Php500 or 3% whichever is higher…
  • Avail of 24/7 customer service wherever you maybe!

RCBC Bankard JCB Credit Card


FEATURES:

  • Worldwide Acceptance in more than 180 countries on all major establishments
  • Shop, dine and travel anywhere and pay in any currency required
  • Convert your outstanding balance to your new RCBC Bankard JCB Credit Card.
  • Enjoy 24/7 customer service wherever you are.
  • Get as much as 30% of your credit limit anywhere you may be!

METROBANK CLASSIC CREDIT CARD


FEATURES:

<ul>
<li>Have only 3.5% finance charge on your account with Mertobank Classic and Gold Credit Card.</li>
<li>Knowing your balance is just one beep away. Get wind of your balance by just TEXTING anytime, anywhere.</li>
<li>No collection of annual fee for the first year.</li>
</ul>

Featured Articles:

The Story of Allied Bank

With a continuously evolving world, Allied Banks’ Mission remains constant. Formally known as Allied Banking Corporation, Allied Bank is one the overall largest banks in the Philippines who in terms of assets rank tenth. The other being the United Coconut Planters Bank, Allied Bank is one of the two universal banks in the Philippines that could not be traded to the Philippine Stock Exchange.

Under the laws of the Philippine Republic, Allied Bank was incorporated on April 11, 1977 and awarded by Bangko Sentral ng Pilipinas the Certificate of Authority to run as a commercial bank on May 20, 1977. December 1981, they were granted permission to operate as a universal bank or an expanded commercial bank.

Since December 31, 2007, Allied Bank was the country’s 10th largest in terms of net worth and the 9th largest private domestic commercial bank in terms of total deposits.

Because of Allied Bank’s yearning to provide its cardholders their needs they have created ground breaking services and products that will surely satisfy any customer craving. Allied bank is now delighted to offer their clients the latest and upgraded Allied bank MasterCard Credit Card.

With this new innovation, cardholders are granted the chance to take in enjoyment in both the premium and essential side life offers like dining in fantastic restaurants, shopping in exclusive stores or having that awesome vacation you have always dreamed of.

What’s more, you get to have all these while getting lots of giveaways. Earn one (1) point for every Php50 transaction to redeem them for either free gifts, services, cash points and even Miles.

More than anything else, anyone wants the world to be on the palm of his hand. Allied Bank is here to assist you with getting the life you deserve.

In short, the Allied bank MasterCard Credit Card is here to make everything about life more precious.