2007-10-14 14:16:56 · 3 answers · asked by Anonymous in Travel ➔ Asia Pacific ➔ Philippines
yup, unless if there are any new laws that came into existence within the last few years, bopols above got it right.
& regarding penalties, i am not really that sure, although i do believe that card members are just about at the mercy of card companies as regards to rates, penalties & fees.
2007-10-18 12:38:03 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I don't think there is any laws coveing them. If their was the interst rates would not be so sky high. Each bank has it's own rules and typical it's 3 to 4 percent monthly interest.
I did not evan look at late charges and other penalties. At that rate they can keep them.
2007-10-14 21:31:23 · answer #2 · answered by oneiloilojeepney 5 · 0⤊ 0⤋
No specific law. But if you don't pay your bills, and continue to evade the bank after serious collection efforts, you can be sued for estafa.
2007-10-15 05:54:54 · answer #3 · answered by boyplakwatsa.com 7 · 0⤊ 0⤋