Teachers’ absolute demand to GSIS: to allow other PLI’s to buy-out their huge GFAL loans in 2022
The teachers’ absolute demand to GSIS is to allow other PLI’s to buy-out their GFAL loans this 2022. It is as if teachers are already tired of the unclear services of GSIS to its clients. To recall, GSIS offered GFAL loans to teachers to help them relieve their debts from other PLI’s.
It was the goal of GSIS to buy-out teacher’s massive loans from other PLI’s at first. Yet, in the long run many teachers found it so hard to transact and process their accounts with GSIS. Instead of helping them, it comes to a point where teachers realized their decision was wrong. Now, the teachers’ absolute demand to GSIS is to allow other PLI’s to buy-out again their GFAL.
Funny as it may seem but this is the reality of the teachers recently. The approval of the memorandum on the extension of loan from 3 years to 5 years helped. PLI’s can now raise the principal amount of the loan for the teachers and they can also buy-out other loans. Yet, the problem is that GSIS is tough on giving the necessary documents to teachers.
The teachers’ absolute demand to GSIS to allow other PLI’s to buy-out their huge GFAL loans is ongoing. Teachers were already done with GSIS as they seem to see the mistakes on their accounts. Some of the many concerns of the teachers with regards to GSIS are:
- Hidden charges
- Insurmountable arrears
- No transparency
- Difficulty of getting answers to queries/concerns, etc.
GSIS should not hinder teachers if they wanted to pull out their loans from their agency. If their services were that good enough, teachers would not want to leave them. The teachers’ absolute demand to GSIS to allow other PLI’s to buy-out their GFAL loans this 2022 is a lesson. This lesson is an eye-opener for GSIS to make sure to change their ways in their agency. – Alec | Helpline PH