Monthly Archives: November 2010

Getting into financial debt, part 3

One of the banks suggested that he should see the Counselling and Debt Management Agency (Agensi kaunseling dan Pengurusan Kredit, AKPK) set up by Bank Negara Malaysia to tackle this very problem. Continue reading

Posted in Credit card | Tagged , , , , , , | Leave a comment

Low-key affair

THE first time is always very eventful – the first time you take part in a local tournament, the first time you return home with a prize, the first time you represent the country in a sports event. For organisations, … Continue reading

Posted in Chess | Leave a comment

Getting into financial debt, part 2

What we also knew was that the banks had been calling him up to remind him to make the minimum payment for the credit cards. Unfortunately, in his financial straits, that would be very difficult, if not impossible. Continue reading

Posted in Credit card | Tagged , , , , , , | Leave a comment

Magnus Carlsen pulls out

Norwegian grandmaster Magnus Carlsen shocks chess world by withdrawing from Candidates matches. IF you are waiting for the next world chess championship match to be played between Viswanathan Anand and Magnus Carlsen (pic), you can forget about it. It’s not … Continue reading

Posted in Chess | Leave a comment

Getting into financial debt

Wow, talking about coincidences. Just two days after I had written my last blog, I received a distress call from a close relative to sit in at his round-table conference to discuss the financial problem affecting one of his brothers. Continue reading

Posted in Credit card | Tagged , , , , , , | Leave a comment

Living with high debts

Here is the financial position of a person that I know. He used to be the son of an ex-colleague I used to with with. He grew up in Penang, took his tertiary education in Kuala Lumpur and then remained there to work. He is now in his early 30s, still single and earning a relatively decent and progressively growing income. I shall call him Daniel. Continue reading

Posted in Credit card | Tagged , | Leave a comment

Late credit card payment charges

Would you know that if you do not make full payment on your credit card statement balance on or before the due date, you will lose the 20 days of credit free period for both the current and new transactions … Continue reading

Posted in Credit card | Tagged , | Leave a comment