Getting a Converge Internet Plan? Find the Right Plan with This Guide

The importance of a fast, cheap, and reliable internet connection couldn’t be underscored enough, especially in this new normal. Almost everyone’s working and studying from home, and one can’t afford to have a spotty connection. Otherwise, productivity and work quality will suffer. The biggest players in the market have enticing internet plans, but you can’t deny that most of them have limited serviceable areas. If you’re looking for an alternative, Converge is your way to go. Perhaps you’ve heard of its reliable service from some of your friends, which may be why you’re looking things up and reading this article now. Well, if you’re considering using Converge’s services, you’ll definitely find the information here useful. Keep reading to find the right Converge internet plan and get started with your application.   Table of ContentsWho is Converge?What are Converge’s Coverage Areas?What are Converge’s Internet Plans?Tier 1: Converge Fiber XTier 2: Converge flexiBIZTier 3: Converge EnterpriseHow to Apply for a Converge Internet Plan?Via Application PortalVia PhoneVia EmailVia FacebookWhat are the Converge Application Requirements?Converge ICT FAQs1. How will I know the status of my application?2. What are the fees that I need to cover for the installation?3. Where should I settle my Converge bill?4. How can I contact Converge?Final Thoughts Who is Converge? Founded in 2007 by Dennis Anthony H. Uy (not to be confused with Dennis Uy of DITO Telecommunity), Converge ICT Solutions, Inc. offers pure end-to-end fiber internet connection. The company only uses optical fiber wires to deliver its internet services. This technology boasts a higher bandwidth, which means higher internet speeds…

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Dear Lender: Go Easy on Me! It’s Pandemic and I’m Bankrupt, er, Insolvent

“I had good intentions and the highest hopes. But I know right now it probably doesn’t even show.” – Easy on Me The lyrics of Adele’s latest song may be specific to her, but its intriguing message may also stir emotions in those going over the demand letters (or emails) from lenders. Receiving a demand letter for outstanding loans is not good news, but ignoring it (hoping that it will go away) is not a wise move, either. Don’t wait until it piles up because the interest rates may add up, and you might end up owing more than your loan amount. If it is a secured loan with collateral such as a car loan or a housing loan, you may run the risk of foreclosure or repossession. The next essential step is to read the letter, no matter how long or short it is, and see if there are any deadlines for you to respond or to make your debt payment. When the country’s main carrier, Philippine Airlines, announced that it filed for creditor protection under Chapter 11 of the U.S. Bankruptcy Code, many were interested to know if there are also bankruptcy proceedings in the Philippines. Before you reply to the demand letter and mention the words “bankrupt” or “bankruptcy” to describe your financial state to your lender or creditor, understand first what these terms are and how they work in the Philippine context. Table of ContentsStruggling with Debt Payment? Know the Legal Remedies for Debtors in the Philippines1. What does being bankrupt mean?2. What is the difference…

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Want a Versatile Car? Here are 8 Options for the Best MPV Car in the Philippines

Planning to own a sedan but you’ve got a big family to pick up and ferry? Want an SUV or a crossover but your budget is bogging you down? Somewhere in between, you’ll find the best and most practical choice―the multi-purpose vehicle or MPV. The MPV is called multi-purpose because it addresses the many concerns and pain points of Filipinos when it comes to safe transportation, from family road trips to weekly grocery runs. And for an enterprising individual, it can be easily used for ride-hailing and delivery businesses as well. If you’re looking to buy a versatile car, check out this list of the best MPV cars in the Philippines. Table of Contents8 Best MPV Cars in the PhilippinesSuzuki APVToyota AvanzaSuzuki ErtigaToyota RushMitsubishi XpanderHonda BR-VToyota InnovaKia Grand CarnivalFinal Thoughts 8 Best MPV Cars in the Philippines So, what makes an MPV special? Foremost, it can seat up to seven passengers or more. It has a generous space on the third row that won’t scrunch and damage your groceries. You can use the same space for holding your sports equipment and vacation items. You’ll find all these and more in the following MPVs: Suzuki APV Price: PHP 651,000 to PHP 843,000 Key Specs of Suzuki APV: Seating capacity: Eight Transmission type: Manual Engine: 4-cylinder, 16-valve, 1,590 cc (1.6L) Performance: 91 horsepower and 127 Nm of torque Fuel type: Gasoline The Suzuki All-Purpose Van’s name is well-earned as it’s loaded with features that are appropriately designed for a thriving Filipino family. Its vast cabin space can comfortably accommodate up to eight…

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Luxuriate for Less: Here’s How to Pamper Yourself on a Budget

Since we’re working from home in this pandemic, most of us have been struggling to draw a line between work and personal life. It’s also been challenging to go on vacations because of quarantine restrictions and health protocols.  When days are tough and our bodies and minds are exhausted, it’s important that we engage in self-care routines to reduce our stress, increase our energy levels, and inject happiness in our lives. The good news is that you can do it without having to spend a lot of money.  If your pamper day is coming up soon, here are some great ideas and tips on how to pamper yourself on a budget. Table of ContentsHow to Pamper Yourself on a Budget: 7 Ways to Treat YourselfClear Your SpaceGo OfflineHave a Long Soak or ShowerIndulge in Homemade Beauty and Spa Treatments Pamper Those Footsies Pay Attention to Your PoresTreat Yourself to Things You LoveFinal Thoughts How to Pamper Yourself on a Budget: 7 Ways to Treat Yourself We’re blessed with a simple Filipina beauty that’s natural and striking yet low maintenance. But there will be days when the stress and exhaustion catch up to us and eventually show on our faces and be felt by our bodies. When this happens, we may not always be able to afford treating ourselves to something nice and relaxing. Thankfully, there are easy and inexpensive ways to do it. Here are a few. Clear Your Space If you can’t relax when you see litter or clutter around, then you’ll have to do a bit of cleanup first before you…

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Get Interior Design Ideas: 10 Home Improvement Shows on Netflix to Binge Watch

Giving your home a makeover is such an exciting pursuit. From unorthodox color palettes to beautiful French windows, your list of inspirations just goes on and on. Right now, you’re probably scouring different home improvement magazines, finding the next cutouts that you’ll plaster onto your mood board. Or maybe you’ve joined Facebook groups that focus on home renovations―Home Buddies, anyone?  If you’re planning a home improvement project and still on the lookout for inspirations, the next channel you should check out is Netflix. You’ll be surprised by the number of shows focusing on elevating not just your domestic aesthetics but also your lifestyle. Here are 10 best home improvement shows on Netflix to add to your watch list.  Table of Contents10 Best Home Improvement Shows on Netflix 1. Dream Home Makeover2. Tiny House Nation3. Tidying Up With Marie Kondo4. Get Organized with the Home Edit 5. The Minimalists: Less Is Now6. The World’s Most Extraordinary Homes7. The World’s Most Amazing Vacation Rentals 8. Amazing Interiors9. Terrace House 10. Interior Design MastersFinal Thoughts  10 Best Home Improvement Shows on Netflix  While these interior design shows on Netflix talk heavily about design and construction, you’ll also find moments that will inspire you to focus on the essentials and let go of the things that weigh a household down. Start bingeing now! 1. Dream Home Makeover If you want to see a home design studio in action, Dream Home Makeover is a must-watch. This show follows Shea and Syd McGee, the owners of Studio McGee, as they dispense home design advice to families that want to upgrade…

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Beginner’s Guide to Investing in Mutual Funds in the Philippines

One way of preparing yourself to be financially secure in the future is finding the right investment to grow your money. Stocks and bonds are just a few of the well-known forms of investments where you can put your money now and earn profits later.  But did you know that mutual funds in the Philippines are also a beginner-friendly way to let your money grow? With the help of a fund manager, you can manage your investment portfolio by allowing them to make decisions on your behalf.  To know if mutual funds are the right investment for you, check this guide that will help you learn how they work and how you can earn from them. We’re breaking down the basics for you, so keep reading to get a head start on investing in mutual funds in the Philippines. Table of ContentsWhat are Mutual Funds and How Do They Work? 4 Types of Mutual Funds in the PhilippinesBond FundsEquity FundsMoney Market FundsBalanced FundsHow Do Mutual Funds Differ From Other Investments?Mutual Funds vs UITFMutual Funds vs StocksMutual Funds vs ETFsHow Can I Earn Money from Mutual Fund Investing?DividendsCapital GainsIncreased Net Asset ValuePros and Cons of Mutual Funds InvestmentMutual Funds AdvantagesMutual Funds DisadvantagesHow to Invest in Mutual Funds in the Philippines1. Evaluate Your Goals2. Choose the Right Company That Fits Your Needs3. Talk to Your Agent4. Pick the Best Type of Mutual Fund for You5. Submit the Requirements6. Track Your InvestmentTop Mutual Funds in the PhilippinesWhere to Invest in Mutual Funds in the PhilippinesMutual Funds Investing FAQS1. Do I lose money when…

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Plan Your Time Off: Holidays in the Philippines and Long Weekends in 2022

Any employee is looking forward to two things—paydays and holidays. Well, who doesn’t? Holidays in the Philippines allow people to spend some quality time with their loved ones, and that much-needed me-time before getting back to the daily grind. Start planning your vacations for next year by keeping tab of Philippines holidays in 2022. Here’s a quick guide to the Philippine holidays and long weekends that can help you plan your vacations wisely. Table of ContentsList of Official Holidays in the Philippines 2022List of Regular Holidays in the Philippines 2022List of Special Non-Working Holidays in the Philippines 2022List of Special Working Holidays in the Philippines 2022Long Weekends in 2022When to Schedule Your Vacation Leaves for 2022Cheat Sheet to Schedule Your Leaves for 2022Vacation Planning Ideas for Long WeekendsNew Year WeekendChinese New Year WeekendAll Saint’s Day WeekendChristmas WeekendEnd of the Year WeekendFinal Thoughts List of Official Holidays in the Philippines 2022 There are 239 working days[1] and 16 holidays in the Philippines in 2022. According to research done by Gulf Business, the Philippines is one of the countries with the most public holidays in the world.[2] India tops the list followed by Columbia and the Philippines. Holidays in the Philippines are also grouped into two—regular and special non-working holidays. Regular holidays typically have a fixed date, like New Year’s Day, Labor Day, and Christmas Day. On the other hand, special non-working holidays are more flexible. They are typically enacted by Congress or declared by the President. However, recently, the Philippine government proclaimed three special working days to minimize work disruption and…

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Practical Money Strategies for Single Parents in the Philippines

While money can’t buy happiness, it certainly does make life easier, especially for single parents who have mouths to feed and bills to pay. The struggle to manage finances as a single parent in this pandemic has never been more real. One money mistake can seriously set you back and affect your cash flow.   Moneymax recently asked three single parents for their top money strategies to help out other single parents who are struggling financially during this pandemic.  Pearl Gonzales is the Co-General Manager of Moneymax. At 39, she’s a proud single mom to Jenson, 17 and Jacob, 11. Her monthly budget is around PHP 52,000.  Rina Ballesteros is a 37-year-old single mom and the Head of Telesales at Moneymax. She has a 16-year-old daughter, Helaena Rianne, who’s currently attending senior high school at De La Salle Lipa. Rina has a monthly budget of PHP 66,500. Ross Leonardo is a 39-year-old single dad working as an Account Development Executive at American Express. He has two boys: Elijah, 16, and Israel, 3. He spends around PHP 60,000 monthly for necessities and utility bills.  Table of Contents3 Single Parents in the Philippines on Managing Finances with Single Income1. Set a Budget2. Keep Track of All Your Expenses 3. Prepare for Emergencies 4. Don’t Live Beyond Your Means 5. Debt is Inevitable―What’s Important is That You Pay It Off 6. Borrow Only What You Can Pay 7. Negotiate Your Loan Payment Terms  8. Avail of Solo Parent Benefits 9. Save Money, Even If You Have Many Financial Obligations10. Get Insured Working and Winning on a Single Parent Budget Take the Risk and…

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Personal Loan vs Car Loan: Which is Better for Financing a Car?

About eight in every 10 Filipinos wanted a “simple and comfortable life,” found the latest National Economic Development Authority (NEDA) survey. For 62% of those respondents, a simple and comfortable life means owning at least one car.[1] Purchasing a car of your own, whether brand new or second-hand, is a good investment. However, not all Filipinos can afford to buy a car. Aside from daily expenses, the car’s monthly amortization, fuel, and maintenance costs all add up, and they’re not exactly cheap!   When buying a car, get the best financing option that’s easy, convenient, practical, and affordable. Which leads us to the question: should you go for a personal loan or a car loan? Here are the factors to consider when doing your personal loan vs car loan comparison. Table of ContentsWhat are the Differences Between Personal Loan vs Car Loan?Personal Loan vs Car Loan: Pros and ConsWhich is Better: Car Loan or Personal Loan? 5 Factors to Consider1. Payment Terms2. Interest Rates3. New vs. Used Car4. Credit Score5. The Repossession QuestionPersonal Loan vs Car Loan: Important Questions to Ask1. What kind of car do I want to buy?2. Do I have the money to cover the down payment?3. Can I afford the car loan monthly amortization?4. What other fees and charges do I need to pay?5. Do I have parking space for my car?Final Thoughts What are the Differences Between Personal Loan vs Car Loan? A personal loan can be secured or unsecured. The former is backed by assets you already own for the lender’s security, while the latter…

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Buying a Truck? Check Out the Best Pickup Cars in the Philippines

Bold, powerful, tough—these are the best words that describe pickup cars. While they look like they’re packed with so much angas, these cars are actually designed to be utilitarian and flexible. With its roomy interiors, a pickup truck can double as a family car. And if you’re a weekend warrior who loves going to the countryside, you can always count on this vehicle as it’s designed with off-road capabilities. You can easily carry your surfboards, bikes, or whatever sporting equipment you’ll need in your adventure. Moreover, you can turn your pickup into a member of your business’ logistics fleet as its cargo bed can carry and accommodate the goods that you’re selling. Whatever your purpose is, you won’t go wrong with a versatile pickup truck. If you’re looking for a truck that effortlessly melds into your lifestyle, check out the eight best pickup cars in the Philippines this 2021. Table of ContentsBest Pickup Cars in the PhilippinesMitsubishi StradaToyota HiluxIsuzu D-MaxNissan NavaraFord RangerChevrolet ColoradoMazda BT-50Ford Ranger RaptorFinal Thoughts Best Pickup Cars in the Philippines Rugged, sexy, and powerful pickup cars can effortlessly combine aesthetic and performance. Check out this list of the best pickup cars in Philippines if you’re looking to buy your first car or planning for an upgrade. Mitsubishi Strada Price: PHP 815,000 to PHP 1,764,000 Key Specs of Mitsubishi Strada: Seating capacity: Five Transmission type: Manual or automatic Engine: 4-cylinder, 16-valve, 2,396 cc (2.4L) Performance: 165 horsepower and 430 Nm of torque Fuel type: Diesel The strong and striking façade of this pickup car easily embodies muscularity and…

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How to Use PESONet Transfer Service: Guide for Consumers and Businesses

Apart from paying bills and purchasing items online, you can now use your smartphone to transfer money in bulk. That’s right. Imagine, you can even send your employees’ salaries online. How? By using the Philippine EFT System and Operations Network or PESONet. Launched in 2017, PESONet Philippines allows users to transfer money to another bank or non-bank institution that also uses the facility. Keep on reading to more about how to use the PESONet transfer service. Table of ContentsWhat is PESONet?PESONet vs InstaPay: What are the Differences?How Does PESONet Work?Benefits of Using PESONetList of PESONet Banks and Financial Institutions in the PhilippinesCommercial and Universal BanksThrift BanksRural BanksElectronic Money IssuersWhat is the Limit for PESONet Transfer Transactions?PESONet Clearing TimePESONet Transfer FeesHow to Use PESONet PhilippinesHow to Transfer Money via PESONetHow to Receive Money via PESONetPESONet Philippines FAQs1. Is the PESONet transfer service secure?2. Do I need to enroll the receiver’s account?3. How will I know if my PESONet transfer is successful?4. How long does a PESONet transfer take?5. What happens if I received a transfer error?6. What if I entered the wrong account number?7. Can I use PESONet to transfer money overseas?8. Can I use PESONet to pay bills?9. What is the PESONet customer service contact number I can call?Final Thoughts What is PESONet? PESONet[1] is a batch electronic fund transfer (EFT) credit payment scheme, which serves as an alternative to a paper-based check system. PESONet fund transfers are processed in bulk and cleared in batch intervals. There is no transfer limit with this fund transfer service. However, transferring money isn’t…

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SSS Unemployment Benefit: How to Avail of This Cash Benefit for SSS Members

Getting laid off from work is undoubtedly one of the most traumatic things to experience in one’s career. Aside from the pain of rejection, a terminated employee has to deal with the challenges that come with the sudden loss of income. There are bills to pay, mouths to feed, and other financial responsibilities that won’t go away. Such a grim picture is painted by reality. Since the start of the pandemic, the unemployment rate has risen due to lockdowns and heightened restrictions. Just recorded last September, the latest unemployment rate climbed to 8% from 6.9% the month prior. The said figure is equivalent to 3.88 million individuals.[1] Government employees enjoy unemployment benefits from the GSIS, which protect them from the financial impact of involuntary separation from the service. Private employees now have a reprieve as well through unemployment insurance mandated by the newly enacted Republic Act 11199 or Social Security Act of 2018.[2] As a result, qualified SSS members are entitled to unemployment benefits that can help ease their financial burden while looking for a new job. So, even if you think your chances of getting terminated from work are slim, it’s still important to know what the unemployment insurance provision means. Table of ContentsWhat is the SSS Unemployment Benefits Program?How Much SSS Unemployment Benefit Will I Receive?Who Can Apply for SSS Unemployment Benefits?Who Can’t Apply for SSS Unemployment Benefits?What are the SSS Unemployment Benefit Requirements?How Do I Apply for SSS Unemployment Benefits?How to Check the Status of My SSS Unemployment Benefit Application?SSS Unemployment Benefit FAQs1. Is the SSS Unemployment…

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Robinsons Credit Card Application in 5 Quick Steps

Robinsons Bank may not be as widely known or as spread out as the larger commercial banks in the country. But it’s definitely a strong bank that offers a suite of reliable financial services and products, such as credit cards. There are only three Robinsons Bank credit cards. But what it lacks in quantity, it makes up for quality. This is attested by the bank’s various recognitions, such as the Most Innovative Banking Credit Card Program (World Economic Magazine Awards 2021) and Best Banking Credit Card Program (International Business Magazine Awards 2021).[1] So, if you’re looking for a good credit card, include this bank in your list. This article lists down all you need to know when it comes to Robinsons credit card application. Table of ContentsRobinsons Credit Card Application Steps1. Check the Eligibility Requirements2. Pick the Right Robinsons Credit Card for You3. Collate All the Robinsons Card Requirements4. File Your Robinsons Credit Card Application5. Activate Your Robinsons Credit CardRobinsons Credit Card FAQs1. Can foreigners apply for a Robinsons credit card?2. Where can I pay my Robinsons credit card bills?3. Does the Robinsons Cashback credit card have a cap on rebates?4. Where can I use my Robinsons Cashback credit card?5. How can I enroll in RBank Digital using my credit card?Other Great Credit Card Options Final Thoughts Robinsons Credit Card Application Steps The Robinsons credit card application is not that complicated. All you need to do is to follow the five steps below: 1. Check the Eligibility Requirements First and foremost, determine if you’re actually eligible to apply for a…

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Marriage Contract in the Philippines: How to Get One After Saying “I Do”

Marriage isn’t something people do on a whim. Just as you don’t marry someone you met only yesterday, you don’t get hitched without being legally ready. Getting married won’t be an easy ride, what with the many requirements soon-to-weds have to take care of. There’s your CENOMAR, marriage license, and after the wedding, the marriage contract in the Philippines. But that doesn’t mean you shouldn’t get married. Of course, you want your union to become legal and official. The point is, before you tie the knot, you have to be ready for all the paperwork it entails. Your dream wedding won’t become a reality if you lack even just one requirement. Here’s everything Filipino or foreign couples need to know before getting married, whether in civil or church rites, in the Philippines. Table of ContentsWho Can Get Married in the Philippines?How to Get Married in the Philippines in 8 StepsStep 1: Get Your PSA Birth CertificatesStep 2: Request a CENOMARStep 3: Get a CedulaStep 4: Apply for a Marriage LicenseStep 5: Book an OfficiantStep 6: Invite Your WitnessesStep 7: Get MarriedStep 8: Get Your Marriage CertificateFAQs on Getting Married in the Philippines1. What is the difference between a marriage license vs marriage certificate?2. Can we get married in a different place from where we got our marriage license?3. Can two foreigners get married in the Philippines?4. How can a foreigner get married in the Philippines?5. Can you get married without a marriage license in the Philippines?6. How many copies of CENOMAR are needed for securing a marriage license?7. Can I…

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Where Can I Invest My P1,000? 8 Investments to Consider (Plus Pros and Cons)

“Where can I invest my 1,000 pesos?” If you don’t have a lot of cash right now but want to start investing, can you still invest a small amount like PHP 1,000 and make it grow? The answer is a big YES. There are investments for beginners and many other possible investments for different risk appetites. It’s really up to money-savvy Filipinos like you to find these investments and take advantage of them. Table of ContentsWhere Can I Invest My 1,000 Pesos? 8 Cheapest Investments in the PhilippinesMutual FundsUnit Investment Trust Fund (UITF)StocksTime DepositPag-IBIG MP2 Savings ProgramSSS PESO FundGInvest InvestaFinal Thoughts Where Can I Invest My 1,000 Pesos? 8 Cheapest Investments in the Philippines If you have PHP 1,000 in your wallet or savings account right now, don’t spend it just yet. Check out these cheap investments in the Philippines first! Mutual Funds Minimum additional investment: PHP 1,000 A mutual fund pools your money with multiple investors into a bigger fund, which will then be invested in bonds, stocks, or money market funds. The funds are managed by a specialized mutual fund company where your shares are managed by a fund manager. The Securities and Exchange Commission (SEC) regulates mutual funds companies in the Philippines. Ideal for: Low to high-risk investors with long-term financial goals Mutual Fund Investing Advantages Mutual funds are among the best investments in the Philippines, especially if you’re a beginner and have no time and expertise to monitor your fund’s performance. The bigger your investment and the longer you invest, the higher profit you’ll get. A…

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Buying a Vehicle? Here are Your Car Financing Options

For many millennials, buying a car is something to cross off their bucket list. Having that first set of wheels means you’re on the right track to becoming a full-fledged adult. But you need money—lots of it—for your biggest investment ever. As a young professional, you aren’t making enough money to drive your dream car out of the showroom and into your garage. The cheapest sedan in the market today costs over half a million pesos. Even if you have that amount in the bank, you won’t dare spend it all on a whim. Because yes, you’re a responsible adult who’s got bills to pay and maybe even mouths to feed. Good thing, there are different car financing schemes in the Philippines that allow buyers to get their dream car without having to fully pay for it in cash. Table of Contents4 Car Financing Options in the PhilippinesBank FinancingDealership FinancingCredit CardHome Equity LoanHow to Get Car Financing in the PhilippinesStep 1: Check if You’re Qualified for an Auto LoanStep 2: Compute How Much You Can BorrowStep 3: Compare LoansStep 4: Complete the Car Loan RequirementsStep 5: Submit Your Loan ApplicationStep 6: Wait for the Loan Approval and ReleaseFAQs on Car Financing in the Philippines1. Is getting a loan to finance an auto a good idea?2. Who becomes the owner of the car financed through a loan?3. What are the types of auto loans in the Philippines?4. What is chattel fee?5. Can I finance a second-hand car through a loan?6. My loan application was rejected. What should I do?Final ThoughtsGet a…

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Moneymax Reviews: Save on Essentials with a Citi Cash Back Card

The last benefit you’ll ever think credit cards have is saving you money, right? Wrong. In fact, there are credit cards out there that can save you money on every swipe. How? By awarding you with cash rebates on specific spend categories. We call them cashback credit cards. Fortunately, they aren’t that hard to find. In fact, most banks offer generous cashback credit cards to shoppers looking to maximize their purchases. One of the popular cards you’ll see out there is the Citi Cash Back Card. Curious about the Citi Cash Back Card? Then you came to the right place. In this Moneymax Reviews edition, we bring you Citibank’s own rebate generator. Find out more in this Citi Cash Back Card review. Table of ContentsCiti Cash Back Card FeaturesCiti Cash Back Card BenefitsHow Much Rebate Will I Receive Monthly?What Perks Can I Enjoy with My Citi Cash Back Card?Citi Cash Back Card AlternativesBPI Amore VisaMaybank Platinum VisaHSBC Gold Cash BackSecurity Bank Complete Cashback MastercardCITI CREDIT CARDSFEATURES and BENEFITSFinal Thoughts Citi Cash Back Card Features Just like in every boxing match, let’s look at Citi Cash Back Card’s tale of the tape. Judging by its features, it seems the Citi Cash Back Card costs more to use and maintain. But is it worth it? Annual fee: PHP 4,500 for principal cardholders (free for the first year) PHP 2,250 for supplementary cardholders (free for the first year) Interest rate: 2% Minimum monthly income requirement: PHP 15,000 (for existing credit cardholders) PHP 20,833.33 (for new cardholders) Cash advance fee: PHP 200 per transaction…

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Scan to Pay: How to Use a QR Code for Digital Payments in the Philippines

Electronic or digital transactions have become a part of the new normal. The pandemic has led to the increase in digital transactions, with businesses offering goods and services online and consumers paying for them through bank transfers, mobile wallets, and scanning a QR code in the Philippines.  Thus, buying and selling transactions are slowly moving away from cash payments and gradually being replaced by QR code payment (also called scan to pay), which is considered faster, easier, and a lot more accurate. In fact, the value of QR code transactions in the Philippines has reached almost PHP 1 billion as of May 2021.[1]  Whether you’re already doing QR code transactions or not, it’s worth knowing more about QR code in the Philippines and how it works.  Table of ContentsWhat is a QR Code in the Philippines?What is QR Ph?What is QR Ph P2P?What is QR Ph P2M?How Does QR Ph P2M Work?What Do You Need to Make a QR Ph P2M Payment?Which Businesses Can Use QR Ph P2M?Pros and Cons of QR Ph for Consumers and MerchantsQR Ph ProsQR Ph ConsGuide to Using QR Ph for Digital Payments in the PhilippinesHow to Receive Payment Using QR Ph P2PHow to Send Payment Using QR Ph P2PHow to Send Payment Using QR Ph P2MFinal Thoughts What is a QR Code in the Philippines? The meaning of QR is Quick Response. A Quick Response or QR code is a printed barcode composed of square-shaped grids[2] scanned through a smartphone or any computer system. Initially, QR codes were developed by a subsidiary of Toyota…

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Repossessed Car? What You Can Do When the Bank Seized Your Ride

Uh-oh. Did the bank take your car away? What now, you ask? Losing your car is painful and stressful as it is. The hard-earned money you’ve paid for the monthly installments is gone in an instant. Having no car suddenly can also jeopardize your work or business. It doesn’t help that the messy, inefficient public transportation system in the Philippines doesn’t offer an alternative to car-less Pinoys. What happens next could be very nerve-wracking, but it’s the ugly consequence of failing to repay your car loan on time. Here’s what you need to know about car repossession in the Philippines and the steps you can take after going through the experience of having a repossessed car. Table of ContentsWhat is Car Repossession?How Many Months Does It Take Before a Car Repossession Happens?Car Repossession Process in the PhilippinesHaving Repossessed Car Issues? Here’s What You Can Do1. Find Out Why the Car Got Repossessed2. Get Your Belongings Back3. Decide If You Can Afford to Recover Your Car4. Negotiate Your Loan with the Bank5. Decide If You’ll Keep or Cancel Your Car Insurance Policy6. Let It Go7. Improve Your Credit Score4 Tips to Avoid Car Repossession1. Consistently Make Your Car Loan Payments2. Talk to the Bank3. Consider Refinancing4. Sell Your CarFinal Thoughts What is Car Repossession? In the Philippines, car repossession happens when your bank takes your vehicle because of failure to pay your car loan. Lenders can seize your vehicle as soon as you fail to make your loan payments as agreed in the contract. Should you default on your loan, your…

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Goodbye, Yearly Charges: 17 Credit Cards with No Annual Fee in the Philippines

There are many advantages to owning a credit card: ease of purchase, having an emergency line of credit, and enjoying exclusive rewards and perks, among many others. Many people, however, are discouraged to get a credit card because of the fees that come with it. It’s true that credit card fees are disheartening. But convenience comes with a price. If you need a plastic card, you can avoid additional charges by getting one of these credit cards without an annual fee in the Philippines. Table of ContentsWhat Does a No Annual Fee Credit Card Mean?Limited Annual Fee WaiverNo Annual Fee for LifeWhy Choose a No Annual Fee Credit Card?How to Choose a Credit Card With No Annual FeeTop Credit Cards with No Annual Fee in the PhilippinesCREDIT CARDS WITH FREE ANNUAL FEEFEATURES AND BENEFITSCredit Cards with No Annual Fee for LifeAUB Classic MastercardAUB Easy MastercardCiti Simplicity+ CardEastWest Platinum MastercardMetrobank M Free MastercardPSBank Credit MastercardPNB – The Travel Club Platinum MastercardPNB Ze-Lo MastercardRobinsons Bank DOS MastercardCredit Cards with No Annual Fee Promo (Limited Time Only)Citi Rewards CardPNB-PAL Mabuhay Miles NOW MastercardRCBC Flex Gold VisaRCBC Flex VisaHSBC Red MastercardHSBC Gold Visa Cash BackSecurity Bank Classic Rewards MastercardSecurity Bank Gold Rewards MastercardFinal Thoughts What Does a No Annual Fee Credit Card Mean? A credit card annual fee is a convenience fee that providers charge to their clients. Basically, it’s the amount you pay for using your bank’s credit card services. So, when you see a bank offering no annual fee credit cards, that simply means that its yearly card membership fees are waived….

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