Tag Archives: credit card

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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How about a 6E for card issuers too?

This story appeared in yesterday’s edition of The Star newspaper. It’s very hard-hitting and comes at an appropriate time when credit card debts are causing many people to get into financial difficulties. IT is interesting to note that the National … Continue reading

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