Loan Delinquency occurs when a borrower frequently misses monthly amortizations, causing the loan to fall behind schedule. Delinquent loans accumulate penalties and interest, reduce loan eligibility, and may be subject to restructuring or offsetting. Continuous monitoring of the My.SSS account helps prevent delinquency due to employer non-remittance.
Hospital delivery in the Philippines can easily cost ₱60,000 - ₱200,000 depending on the hospital and type of delivery.
Many parents use a credit card to manage these expenses while waiting for their SSS maternity benefits.
