This is one blog that I would recommend to all of my friends out there.
Here’s the link : http://smartconsumerbanking.com/
Most of us would really have no time to learn more about the Malaysian banking system other than what was being told to us by bank and the finance companies. It’s really a very sad thing because what we know is what they want us to know. In short, the banks will not tell us whats the liability that we’ll get our selves into whenever we subscribe to the so-called new products introduced by the banks.
I always hold on to a few principal when it comes to banking :
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1. If the bank charges you fees for credit cards that you dont use, don’t keep the card;
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If the bank charges you to keep and withdraw your money. Don’t keep the money in that bank; and
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Other than Housing Loans & Card Loans, avoid borrowing money to purchase what that you want and pay it back in instalments.
Take a look at the blog. It really helps to enlightened ourselves when it comes to bank’s practices. You’ll never know when will you be happily cheated by the banks untill it’s too late.
Posted by blogsmith on 17/04/2008 at 4:21 AM
if the information on that website is true, then it would be a good website. unfortunately, the writer makes assumptions on many things and mostly comes out wrong in the end. his understanding of certain terms and conditions laid out by the banks is very poor too. not a recommended site at all.
Posted by InhettyIdeonges on 02/09/2008 at 4:14 PM
hey !!
its very interesting point of view.
Good post.
realy good post
thx