Tag Archives: bank

Getting into financial debt, part 5

On the day that he was supposed to see the AKPK representative we arrived at the Bank Negara Malaysia building about an hour earlier. Straight we went to the second floor after the normal screening by the armed guards. And pretty soon, we emerged with the CCRIS report. Continue reading

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Getting into financial debt, part 4

For the first time, I realised that there are a lot of people, not only in Penang but around the country, who are in some sort of financial mess. Continue reading

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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

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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

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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

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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

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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

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Dormant accounts

More interesting information on dormant accounts from the UK perspective. The story is quite out-of-date (Gordon Brown has left the UK political scene) and circumstances may be slightly different now. However, do read it to get an overview about what … Continue reading

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Stash that cash

About a fortnight ago, I brought you a story about lost treasures. This time, it’s specifically about money that’s been long “forgotten” in a banking account. Don’t laugh, it does happen. Sometimes, it’s because the account owners are simply too … Continue reading

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Lost treasure

I came across this interesting story in The Times newspaper quite some time ago. Do note that the article was written with the United Kingdom in mind. In Malaysia, there is something similar called the Unclaimed Moneys and if your … Continue reading

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