Getting Credit In The Philippines. Is it possible?

[@NiechZyjePolska48]

Mark has filed bankruptcy three different times in the United States so far.

[@PaulWorldZoom]

He has NO saving grace. A complete turd

[@youngalwyn1124]

Mortgages and other bank loans may be difficult to obtain and come with high rates of interest, but store credit is a different matter. I have observed Filipino citizens getting lines of credit from retail vendors quite readily, and with very attractive rates of interest. 🙂

[@PaulWorldZoom]

Oh great. I didn’t know that. Take care

[@yukonjeffimagery]

My girlfriends parents got a loan to build a house, it was a high interest rate, I cant remember exactly. She also told me if you dont pay back a loan in the Philippines you can, or will be put in jail.

[@PaulWorldZoom]

That is tough. Those companies are so predatory

[@mikesimpson9997]

Best not to borrow if at all possible.

[@PaulWorldZoom]

Exactly Mike. 100% yes

[@Bigdoggie222]

Excellent information and suggestions.

[@PaulWorldZoom]

Glad it was helpful! Thank you

[@bullrun44]

The walk and Talks Rockus Maximus

[@PaulWorldZoom]

Oh great. Glad you like them

[@edexter97]

I could never imagine asking someone to borrow money. From what I can tell your spouse would be working for satisfaction instead of money anyway.

[@PaulWorldZoom]

They do pay very well in Dubai. Nice income

[@nicholascherry5962]

It's 56 php: 1 USD, ya'll have no business financing things in the Philippines.

[@PaulWorldZoom]

I see the point. The interest rates are terrible too

[@jimbarrow9638]

Cash is King

[@PaulWorldZoom]

So true

[@BruceCinader]

Remember Brian (Philly in the Philippines) got a car loan for a new Toyota SUV.

[@PaulWorldZoom]

I wonder how. Interesting

[@ronlafleur4246]

If there Is no credit check etc how do foreigners rent property to live.

[@joshuarizalforeman816]

Don't rent. Get a Filipino partner to buy it. You can always throw in a few legal provisos to prevent yourself from being ripped off.

[@PaulWorldZoom]

No credit checks of any kind. Think 30 years ago in the US

[@DallasCityGurl]

Haven't seen you post about the whole fiasco in Dumaguete currently going ons. With Paul hitting some man and getting banned from Ground Zero. Where he films his interviews.

[@Dwayne_Kelley]

Mark did the hitting. Paul was still being held for ransom.

[@PaulWorldZoom]

Yes, best to stay out of that

[@PaulWorldZoom]

Very interesting

[@Cab87]

My ex always asked me if my car house etc was paid off she always saved and paid in cash on her car If I was going to buy a house I would take out a equity loan in my country and avoid the Philippines interest rates Good video salamat adios

[@danluzurriaga6035]

You would have to do something like that. You could bring in 500,000php per month in USA sourced retirement income and you will not be approved for a ;poan or credit card but a Philippines citizen making 10,000 pesos per month will be approved.

[@PaulWorldZoom]

Yes, yes. Bring the money in

[@Dwayne_Kelley]

I'm wondering if I can hire my filipina to do my accounting and let it count as income for her.

[@PaulWorldZoom]

Anything is possible here

[@LivingTheLifeRetired]

Every Man had to take out a loan to buy his cheap Chinese made car at some payday loan interest rate. He will end up paying double or triple for the car that he may or may not even be around to finish paying it off.

[@PaulWorldZoom]

He is not my favorite guy. Not surprised to see poor financial decisions

[@rustynail3630]

Every man is such a simp.

[@randyp90us]

I for grins got a credit card from BPI. At first was denied but my branch manager stepped in and got it approved for 300k.

[@PaulWorldZoom]

Oh wow, congratulations. Fantastic

[@Captain-Max]

Boy do I disagree with the notion of getting your Filipina involved with credit, or yourself for that matter. I've worked hard at putting myself in a position where I live on 1/3 my income, save the rest, and live a debt free, cash on the barrelhead life. Don't tell me it can't be done. I live north of Austin TX, have a 2020 mobile home and a 2023 car all paid for and a good amount in savings. All on an income near the poverty level. It's called keeping your wallet in your pocket. It's way better to teach your Filipina to set money aside as savings and ignore the endless requests for emergency needed monies by family.... Good luck with that.

[@jessieball6195]

Good for you, but the fact is not everyone (especially in your income range) can afford to pay cash, or even put any substantial amount of money aside.

[@Captain-Max]

I politely disagree with you. I spent a lifetime deep in debt, making ridiculous payments. When you reach the point where you're tired of being broke, you make the changes necessary to make it happen.

[@PaulWorldZoom]

Thanks Sit, I do see your point. I am happy you can budget and live like that 👍👍

[@NiechZyjePolska48]

You live in a mobile home? You should be giving advice to anyone

[@NiechZyjePolska48]

Mark bought Jen on layaway and is still making payments

[@LuckyTigerFamily]

I would maybe deposit let’s say 1500$ USA per month in my gf fiancé bank say she is a independent business owner Let that show as income Have her withdraw giv back to me But at least have a income source on paper for her Do it 1-2 years until you want your loan I actually did the exact same thing in USA already for my ex But with a lot higher amounts And it worked Of course America vs ph I’ll add a pice of jewelry or and a car payment mostly to make it look good

[@PaulWorldZoom]

Interesting. That would probably help on the visa applications

[@filipinalipstick]

Hello, Word Zoom We're reaching out to invite you to join our vibrant livestream event, "Filipina Lipstick," happening from 8:00 AM to 9:00 AM, Cebu City Time. This is a wonderful opportunity to connect, engage, and share your thoughts with a lively community passionate about beauty and lifestyle. We believe your presence would greatly enrich the conversation, and we're excited to see the unique perspective you bring to our audience. Let's come together to celebrate beauty, diversity, and creativity in this special hour. We can't wait to have you with us! Warm regards, Filipinalipstick P.S. Please let us know if you'll be able to join us. We're looking forward to creating memorable moments together!

[@PaulWorldZoom]

Thanks so much much for the invitation

[@rustynail3630]

Someone commented that your bud, Thornton, financed his Chinese car when he bought. If true, what a simp.

[@PaulWorldZoom]

I didn’t even know he had a car