Speaking of doing a spreadsheet for every credit card balance and its interest charge, I think I will wait for the bank statements. According to my credit counselor, the banks will send out yearly statements. By then, I will know how much I have paid to the banks and how much I still owe them. Fine. This
Posts Tagged ‘finance charges’
I am writing a lot about banks today. I have been trying to be patient with some of the banks but they seem to take advantage of me by charging 18% finance charges and 10% late payment fees. My credit counselor had told me about this when I signed the offer letter for debt management programme. Some
Banks are blood suckers! I am so pissed off now. I have been under the debt management program since October 2008, all banks should have been notified about this and they should have stopped the late payment fees and finance charges. One of the banks, Hong Leong Bank, is still holding the post-dated checks I issued to
This month is the second month I am under the debt management program (DMP). I am ready to make my second payment to AKPK Malaysia by next week. Until today, I still haven’t received some banks’ official letters informing me the exact outstanding balance and the interest rate charges they agreed on. According to the AKPK counselor,
Do you always hear that if we pay off our credit card balance every month and only spend what we can afford to spend , we can avoid interest expenses and finance charges? It’s like getting an interest-free loan. Isn’t that a great way to save money? However, how many of us can actually do this?