Another pre-approved check for me
I received another one of those pre-approved checks from another of my credit cards issuing banks today. To me, this is the same as pre-approved loans. The amount is the same as the previous one, which i did not cash in. A cool Rm2k for a mere handling fee of 3.88% only. That will translate to a one-off charge of Rm77.60. And i get to repay it in 6 installments; that IF i decide to cash it in.
Monthly repayment is only Rm333.33/month. But i dont have use for it. Why in the world would i want to pay them Rm77.60…. cis. But, i strongly feel that banks should not be doing this. This will just create more people who are in debt. And i have a few friends who are always looking for debt consolidation help. Once, i received a call form a bank officer on whether do i need to apply for secured personal loans or not, lol. No thanks, not now.