Posted by jhenares on Jun 9, 2014 in Corporate News, Loan Accounts News, Press Room

BFS Launches the Social Case Window Program to Serve the Filipino-in-Need

On May 15, BFS launched the SOCIAL CASE WINDOW PROGRAM for borrowers who can demonstrate exceptional hardship caused by poverty, illness, or other comparable conditions. Only borrowers who can provide proof of eligibility may apply for the Social Case Window Program. Those who wish to apply may visit any of the BFS offices in Makati, Alabang, and Davao.  They may also call BFS through trunklines 756-6230 or 750-3888, call the Davao office direct through (082) 221-0809, or call PLDT toll-free outside of Metro Manila and Davao through 1-800-10-2255-BFS (237).  BFS is also reachable through Text Number 0922-9999-BFS, and real time online by accessing www.bfs.com.ph and clicking on B-Online.  ...

Posted by jhenares on Jun 8, 2014 in Corporate News, Loan Accounts News, Press Room

BFS Provides Special Program for Balikatan’s Social Cases

BFS recently put in motion its Social Case Window Program for Balikatan accountholders who can demonstrate unusual hardship due to extenuating circumstances such as extreme poverty and terminal illness. “BFS is the only mortgage servicer in the Philippines.  In managing the Balikatan portfolio, we have found that sometimes there are extreme cases wherein a borrower is willing to settle but cannot due to financial difficulties caused by an unusual medical condition or circumstances surrounding their employment which has them falling below the poverty line,” BFS shares.  “These individuals definitely need all the help they can get, but they still insist on maintaining their dignity by resolving their loans one way or another.  Accountholders who are proactive in seeking resolution despite their financial difficulties are the type of people we want to help; we thought it only fitting that we launch this program.” “Those who believe they qualify for the Social Case Window Program will be required to apply and provide clear proof of eligibility in order to be given...

Posted by jhenares on Jun 7, 2014 in Corporate News, Loan Accounts News, Press Room

BFS Launches the Home Saver Offer for Qualified Balikatan Borrowers

Balikatan accountholders who still have to resolve their highly-delinquent accounts are entreated to call their Account Specialists to find out if they qualify for the new special offer of BFS. Called the HOME SAVER OFFER, the program gives the most affordable settlement offer yet for qualified accounts.  As with all Balikatan accounts, BFS offers customized packages that take into consideration total past due obligation, capacity to pay, and account history. BFS believes in preserving the dignity of its account holders by working with them to settle their accounts so that they may save their homes.  A financial resolution is always the best avenue for both the borrower and BFS, and makes the most economic sense.  Foreclosure is always the last resort and occurs only when account holders refuse to negotiate or work with BFS to arrive at a mutually-acceptable settlement amount.  This program offers to counter the court foreclosure process to maximize borrower resolutions outside of foreclosure. Borrowers have already started receiving written notices of their eligibility for the...