Legal Question in Credit and Debt Law in Philippines

Good day!! My husband borrowed money from diff people and loan in a lending company without my knowledge but 2 weeks ago he left our place without telling our children since then they did'nt find him anymore. My problem is the collector of the lending company came to our house and threatened my mother in law that if we will not pay the loan they will take some of our appliances as payment for the said loan. Am I liable to pay the said loan? my husband is jobless for the last 7 years. I'm presently working here in saudi arabia and ptoviding all my children's needs.Everything inside our house I purchased them using my credit card. Is the lending has the right to get whatever they want from our house because my chidren are now afraid if ever one of these these collector will come back. My children are still minors the eldest is 17 yrs old.

Asked on 9/15/11, 11:32 am

VOLTAIRE T. DUANO VOLTAIRE T. DUANO LAW OFFICE

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If the collector will come again better bring him to the barangay if he is harassing you. The threat has no basis.

Answered on 10/09/11, 12:37 am

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