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Waiting For The Yearly Bank Statements December 2, 2009

Posted by Vedis in : Banks / Banking Services, Debts / Credit Card Debts , comments closed

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 means I don’t have to dig out all the monthly statements and do the plus and minus myself. As the statements still show late payment charges and finance charges, I must do the calculation myself if I want to know the exact outstanding balance.

Urgh, I would rather write Garmin GPS reviews or articles than doing the complex sum!

Doing maths and accounting is really not my cup of tea. :-)

Call Your AKPK Credit Counselor & Inform Him Of The Late Payment Charges October 31, 2009

Posted by Vedis in : Banks / Banking Services, Debt Management Plan, Debts / Credit Card Debts , comments closed

Late Payment FeesRight after doing the usual online backup yesterday, I gave AKPK a call to inform them of the late payment fees imposed by certain banks.

Lately, some banks have started to charge late payment fees into my card accounts although I have been in the debt management program for one year.

If you have the same problem, you should give AKPK a call and let your credit counsellor take care of it.

See, banks are blood suckers. They will find ways to suck a bit money from here and there even if you are in the DMP.

I wonder if banks in other countries are like this?

Reader’s Complaint About Hong Leong Bank April 9, 2009

Posted by Vedis in : Banks / Banking Services , comments closed

This comment was left by Hazel about Hong Leong Bank. Enjoy reading.

Hi, I have problems with Hong Leong too… I just maintained a minimum payment & was short of RM37 for the last payment. They charged me RM57++ for retail interest saying that is due to my under payment. FYI, I only use RM75 for fuel that month.

For another card, I was charged with RM2.42 although no retail purchased was made, and that was after I maintained the minimum payment.

So, I was under impression that Hong Leong bank is cheating their customer because of this bizarre explanation that didn’t support any of the scenario above…

Or, am I wrong?

Hi, Hazel, banks have all sorts of reasons and lame explanations when it comes to retail interest charges, late payment charges, over-limit fees or cash advance interest charges that they impose on you.

Some say $1 or $2 is a small amount and it’s okay. Well, it’s not okay! Imagine how much banks make when they charge a mere $1 or $2 into all their credit card holders’ accounts!