OVERDUE CREDIT CARD - WHAT TO DO
I just found out that my boyfriend has overdue credit card debt, as well as an outstanding balance with Billease, an online lending app. I do not know the exact amount because the letter sent by BDO Unibank regarding his credit card did not indicate the total outstanding balance.
Based on what I know, these debts may have originated as early as 2024. His father is a dialysis patient, and he has been the family’s breadwinner for a long time. There was also a period in 2024 when he became involved in online gambling through 1xBet. I was unaware of all of this. If my understanding is correct, the amounts may have grown significantly since they have been outstanding since 2024.
He has not yet received the letter because we are currently not in communication.
Questions:
- Do BDO Unibank and Billease allow: >Reduction of interest and penalties >Installment payment arrangements >Suspension of further interest charges
- What should be his first step?
- How can I help?