Susa Juga
nurulizat said:
for me laaa....better kena tarik...or 'surrender' coz why?? bank will 'lelong' my car with the 'reasonable' price...at least kita tidaklah berhutang dengan bank terlalu banyak....but what will happen if ur car still got loan for sum RM30k++ and the new buyer 'sambung bayar' lost with ur car??? run away to thailand with ur car...or cut ur car, and sell as a sparepart!!....Yes i agree with 'legal document with stamping' but u must remember the new owner 'sambung bayar' is not the registered owner at registration card and loan aggrement....anytime anyday boleh lari......bank still kejar owner...siapa mau bayar?? owner juga leee.....who will blacklisted, owner juga...siapa kena saman...owner juga...siapa kena bayar saman...owner juga....
Btw cost untuk stamping Rm10.00 only and can be done at LHDN in 30 minutes only......but i have something to ask...what will legal firm call this 'legal aggrement'?? izzit same like tenacy aggrement??
Nurul...
Metinks the 'legal agreement' is a seperate issue all together. To the bank, just as long the paperwork ada your nama, the bank's lawyers come after you. Same goes for the gaurantor. The bank still ask u bayar and then you sendiri got to take civil case against the defaulter... Very messy one. Costly also.
Been stupid enough to gaurantor ex-cousin car loan. bayar for 2 years den he sell car like that la...sambung bayar.... next thing I know, the buyer lari.. car hilang, cousin also hilang...
So, bank come after me la... gaurantor mah... Never lari, talk nicely to bank also but they also say must pay if not sue me bankrupt lor.... I dun agree so nego, nego they dun agree price and sue me lor... case take 2 years...
Luckily, the bank's lawyers screw up, send me 'Judgement in default' letter before 5th schedule(final demand letter) so court throw out judgement. Nego again lor.... finally agree to pay a portion of the outstanding balance lor... Dun ask how much, wallet still aching.
Trust me, legal fees and settlement costs are very,very,very, expensive
All in all, take about 5 years to settle. So before doing such things, really think twice/three/four times before help out.... Family also can lari when it comes to money...
Zulizo, apologies ya. Not trying to throw spanner in the works but just sharing what does and can happen to anyone... Please know your personal rights before taking on loans or continue loan agreements... Banks are the biggest Legal loansharks..
Peace y'all