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 Credit card debt and loan when borrower dies?

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simonlai61
post Sep 9 2012, 12:13 AM

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QUOTE(jimmyay @ Aug 27 2012, 11:57 AM)
Is different bank practice diff when solving this issues? Sound like Islamic card is good.
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Nope, there are same~~

Added on September 9, 2012, 12:18 am
QUOTE(Pain4UrsinZ @ Sep 8 2012, 11:37 PM)
i don't understand those terms  sweat.gif  please explain
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MRTA - Mortgage Reducing Term Assurance
MLTA - Mortgage Level Term Assurance

This is the insurance to cover mortgage loan borrower in case of death or TPD, then the insurance company will settle the loan for the life insured...

This post has been edited by simonlai61: Sep 9 2012, 12:18 AM
simonlai61
post Sep 9 2012, 12:42 AM

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QUOTE(epie @ Sep 9 2012, 12:39 AM)
for housing loan...
the mrta/mlta is not compulsory doh.gif
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Yup... icon_rolleyes.gif is optional..
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