Side track to PosLaju delivery on CC.

Deliver to my stated address, i.e. home address. There are 2 check boxes. Someone already ticked owner recipient only. Even at home, must be me to sign and show IC.

Dear... we are trying to provide reasonable financial advise and pre-empt people on credit card risk, trap, interest rate, etc. We don't want our forummer friends to get into debts, along, worry, etc.

I think the main point we use CC and pay back full in cast is to get the points and rebates. Why not utilise the cards in a positive way ?

My number is 1.07 for all the different banks CC + combined CL. HSBC, Citibank, DA & MBB only.

Ok, include house loan full amount = 0.32

Car already settled. No other loans.

No immediate plans for 2nd prop yet. But recently applied for separate margin financing to test and it is approved. Is that counted ? Then the number will drop from 0.32 to 0.23

Anyway, I did not sign it up. Just try only.

Wait till you buy house. Immediate !

I assume is PosLaju or some courier.

First delivery fail, they should leave a notice. Summary: No notice

PosLaju/Courier will normally keep the letter with them for 2 weeks. After that return to sender.

That is why 3rd week HLB send out notification.

Some/Most cards nowadays are automatic-activated or no activation needed.

Both your mom and you know well aware must swipe twice on each card for annual waiver. Yet decide to ignore the notice and not send a formal letter to terminate it or to pick it up from HLB to use it.

2-3 months later, since the swipe 2x for each card is not done, it is normal for billing department to charge it.

Problem:
1) Poslaju/courier notification
2) Most banks do not communicate well between departments. Obviously billing and card-collection are not communicating.
3) Ignorance is not bliss

Source of the problem is PosLaju, failed delivery notification. Subsequent problem is the ignorance and non-commucation between dept.

So, summary is, due to the ignorance of not informing the bank with a simple letter to terminate the card since non-delivery and no more interest, it is now more headache to send the simple letter and also request for waiver.

In that case, you have a point to bring the case up. Check if any very fine-prints or T&C (in the undelivered CC mail) that states if user did not activate within 7-14 days, it will automatic activate.

I was in a bit similiar situation before. I apply and received CC from a very orange bank. I feel like don't want to use it and did not activate it. Two weeks later, the CS called and informed me, activated 1-year later canceled it.

Perhaps in your case, call up the CS to ask for waiver and try to swipe X times for 1 yr waiver. Else, inform them about not receiving the card and terminate it with waiver.

Yes

Ok lah. Waive the AF, then swipe 2x per card within 45 days. Hold for 6-12 mths, then cancel it.

Most of the bills in Maybank2u online can only use Visa/Master or cash from account only. So far I did not see any bills that can pay using Amex, except register to Auto-pay (direct debit).

If delivery by mail, should be within 1 week.

winner is not going to be very happy Refer post #2011 here

viqq,

Option 1:
Call up the officer, tell him frankly you want to meet up to settle it.
1) Cancel and terminate the CC. Transfer the balance to a personal loan. It is lower interest than CC.
2) Pay monthly installment to settle the personal loan. No minimum payment, is a fixed monthly payment like paying car loan. Hope you do not default on this.

Option 2:
Find AKPK

viqq,

Google for AKPK. It is something similiar like turning into personal loan, but worse effect as they will highlight to all banks/etc to blacklist you until you settled the loan. But useful if you have discipline issue to commit monthly payment without fail.

Suggest to negotiate (write proposal letter) with the officer to lengthen the personal loan installment and reduce the monthly payment. Tell them frankly you can't afford and worse case is lapse payment or bankruptcy. The bank may consider it. But you yourself must commit to pay e.g. RM500 every month without fail. This is your last chance, unless you plan to run away or file for bankruptcy.

This post has been edited by cute_boboi: Sep 9 2009, 05:01 PM

Walau... dude, please use Spoiler tag