It is very easy to get loans, credits, and debts to lenders but paying for loans is very hard to apply in their life especially to the people who ignore the people they have got their loans and debts. In the long term problem of kind people with debt, there are also lenders online and online creditors.
Most creditors or loaners are in debt to different people, some are in debt to pay off their debt so they are immersed in debt and became poorer than previous financial conditions because mostly are with high-interest rates so they were in-depth in loans and credits.
For those who don’t know, you can take charges of people who are not used to paying their debt.
The 2016 Revise Rules of Procedure for Small Claims Court came into effect on February 1, 2016, It is enacted and will make the case faster and cheaper to settle cases for people who are not used to pay their debts.
The credit should come from loans, debts, rental, jobs, mortgages of less than 200,000 pesos. Once the complainant has filed a lawsuit against the person will be notified and the court will set a date within 30 days.
If neither side is not in communicating the court will make a decision within 24 hours or a day.
What can you say about this? Do you have loans and credits from other people that you did not yet pay? Do you have lent various people and they are hard to be collected whenever the due date has come? kindly share your comments, reactions, and thoughts with us.