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Just say “pass” if not ready: Free Covid-19 Vaccination from Loans Starts in February


By: Elena Grace Flores

Pfizer COVID-19 vaccines may arrive earlier than Sinovac: Galvez

Loans for the Covid-19 Vaccines

The government puts World Bank loans to good use for the Filipinos. The first tranch of the Covid-19 vaccine from China arrives in February. The 50,000 Sinovac vaccines out of the 25 million are for the frontliners and health workers. Some medical workers in the group may be skeptical of this vaccine. However, it’s better not to say “no.” Just say “pass” – then one’s name will still in the list at the end. They may be lucky to get their vaccine of choice. So, a person’s right to have it as a taxpayer is respected regardless of what’s available.

February or June for Pfizer

Pfizer might also come first before Sinovac in February because of the COVAC facility’s early rollout. This is an arrangement to prioritize poorer countries since loans can take time. So, there’s a chance that the first batch can get either Sinovac or Pfizer. The vaccines from China are actually more expensive than Pfizer.

July for Moderna, AstraZeneca

Moderna and AstraZeneca’s deliveries can also arrive from July onwards. They will be in tranches of 2 to 3 million a month also. The number of vaccines must commensurate to the capacity of the facility to store them. 20 million Filipinos in the NCR can benefit from free vaccine loans.

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Senator Manny Pacquiao: The Country’s Loans Alarming but Have Solutions


By: Elena Grace Flores

Marcos’ Family Holiday Greetings with Technology

9.6 Trillion Loans

Senator Manny Pacquiao said that the country’s 9.6 trillion loans are alarming. However, there are solutions despite the increase due to Covid-19 remedies. People must have unity and solidarity to help each other, especially during the pandemic. Government officials must lead and serve people without corruption. This is his dream, he added.

84,000 per Filipino

Each Filipino including those who are just born immediately inherit 85,000 Pesos of loan. This may sound ridiculous. But if the loans rebuild or stimulate the economy, they are worth it. As long as the society remains alive and active, finances can only get better. Even bigger countries like China have bigger loans. Besides, the Philippines is rich in natural resources. It’s people are sought-after for work overseas. A little compassion can come a long way.

Unity and Solidarity Needed

However, unity and solidarity are essential in the country’s progress. Instead of political fights, a common ground must be on hand. To vote for public servants instead of business tycons in the coming election should be in mind.

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Loans and Mortgages are Included in the Sandiganbayan’s Marcos Wealth Case Dismissal


By: Elena Grace Flores

YouTube video by ANC 24/7
PH gov’t loses another ill-gotten wealth case vs Marcoses

Close Ties with the President

A martial law survivor sees President Rodrigo Duterte’s close ties with the Marcos family and the lack of Duterte’s support for the Presidential Commission on Good Government as reasons why the agency is not winning any cases. The evidences shown by the PCGG do not constitute as public records because the certified true copies are mere photocopies.

Loans and Mortgages

Sandiganbayan’s Second Division already dismisses the P1.052 billion ill-gotten wealth case previously. The case is against Bienvenido Tantoco, Sr., the Marcos couple, among others. This is in connection with the Tantoco clan’s 11 real estate properties in the Philippines, Hawaii, and Rome. Shares of stocks in 19 companies; cash on hand and in a bank; jewelry; notes, loans, and mortgages receivable. Motor vehicles and three Cessna aircraft. Senator Imee Marcos, former Senator Ferdinand “Bongbong” Marcos Jr., Irene Marcos and Constante Rubio, a close associate of the former president are also in the complaint.

The Sandiganbayan Affirms the Dismissal of Another Marcos Case

The Sandiganbayan dismisses earlier the P200-billion forfeiture case against the Marcos family due to lack of evidence. The anti-graft court also junks prior to that a P102-billion ill-gotten wealth case against Ferdinand Marcos and wife Imelda and 11 of their cronies due to the prosecution’s failure to present evidence. Recently, the Sandiganbayan also junks the Philippine government’s appeal on the dismissal of the P267 million ill-gotten wealth case against the Marcos couple and their cronies.

Fr. Jose Bosch Innovative Skills Training Advocacy Cooperative (ISTAC)

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Can Unsecured Loan Creditors be Lenient at this Time of Coronavirus Panic?

unsecured loan

By: Elena Grace Flores

Unsecured loan offers are up for grabs nowadays online. Most of them have mobile apps that are convenient to access. It just needs a government-issued ID, a mobile phone number, some reference contacts, and income documentation. Employees and business owners with DTI registrations can get approved within 24 hours or so. The catch is in the short credit terms from 7 to 14 days with interests that can double the borrowed amount. Bad debts incurred during the coronavirus panic are not without consequences.

YouTube video by One Minute Economics
Secured vs. Unsecured Loans in One Minute: Definitions, Explanations and Comparison

Secured vs. Unsecured Loan

By understanding what secured loans are, what unsecured loans are and what similarities, as well as differences, exist between secured and unsecured loans, you’re basically taking the first steps toward financial responsibility.

Unsecured Loan is Easy to Get but Interests are High

Secured loans require collaterals. You can loan a higher amount versus the value of a car or a house. This is a more responsible form of loans. On the other hand, unsecured loans usually needed during emergencies are available at shorter terms with a lot of higher interests.

Acceptable Unsecured Loan Providers

One month to two months loan terms are enough to go through tough times. The payment dues can also coincide with the usual paydays. Borrowers can likely survive a crisis with these financial aids. Not unless the problem with the finances is prolonged. In the Philippines, Tala, Asteria, and Atome are a few good examples.

Quick Loans with a 3rd Party Collector

Failure to repay a debt affects a borrower’s credit record. There may be no collateral to lose but they’re not without recourse if a one defaults on the loan. Lenders can put bad debts into collections and take legal action. This is for them to recoup some or all of the debts. Any kind of loan default negatively affects credit scores. Collections and civil judgments also show on credit reports for seven years. This is from the date the account first went delinquent or the date of the ruling. When an account becomes seriously past due, the creditor can sell the debt to a collection agency. Collection accounts have a significant negative impact on credit scores. Despite the emergency, it is best to refrain from resorting to these loans. A disaster awaits those who succumb to such offers.

Fr. Jose Bosch Innovative Skills Training Advocacy Cooperative (ISTAC)