Archive for the 'Basic Guide' Category

Credit Card Debt - May be It Is our lousy Mathematic Skills (Part 2)!

In Part I of this article, 4 “interest-related” questions was posted and thank to KH, Vai, KC Lau and Freeman of taking time to answer these questions. So now let’s reveal the “answers”:
Let say EPF has declared 5% dividend rate for the next 10 years, so what is your dividend rate for 10 years?
No […]

Credit Card Debt - May be It Is our lousy Mathematic Skills (Part 1)!

You would have read it already – more than 40% of the 8.8 million credit card holders only manage to pay the minimum 5% of their outstanding balance.
Now it is easy to blame all this on our very own financial carelessness, inability to delay gratifications or the easy credit approval by the financial institutions
But maybe […]

8 Mistake People Make on Balance Transfer

Use it wisely, balance transfer could provide a way out from credit card debt. However, balance transfer is a slippery path! Credit card issues offer low interest credit card balance transfer not because they want to save you money, but instead they know most people who take-up the balance transfer are those who are not […]