If you debts is above RM 10K per credit card, the bank will not bother to call you, because they can sue you for bankruptcy. As soon as less than RM 10 K, they will start calling you to pay the installment.
This is different for physical assets such as car and property where regardless of how much you owing, they will call you because they can always repossess.
This makes sense when recently a bank offer me a bank loan (6.99%) which the person in-charged specifically highlighted that it is not link to your credit card account.
My guess is that different financial packages tie to different bankruptcy policies.
What do you think ?
2 comments:
Hi!
You may probably be very interested to know how one can make real money on investments.
There is no need to invest much at first.
You may begin earning with a sum that usually goes
on daily food, that's 20-100 dollars.
I have been participating in one project for several years,
and I'll be glad to share my secrets at my blog.
Please visit blog and send me private message to get the info.
P.S. I make 1000-2000 per day now.
http://theinvestblog.com [url=http://theinvestblog.com]Online Investment Blog[/url]
Genial brief and this mail helped me alot in my college assignement. Thanks you on your information.
Post a Comment