Do you know where all your bills are? Keep track of all your bills by keeping all of them in a 'financial center' at home for easy access, this can be something as simple as a single folder.
As companies nowadays move towards e-billing, it may be difficult to track both traditional paper and modern e-bills. Consolidate all your bills into one format by choosing to either print your e-bills or scan/digitize of your physical bills.
If you're behind on paying bills, it's tempting not to open them whether they come in the physical mail or email. The task may be unenjoyable, but there could be an unpleasant surprise that you should know about, like a late fee or a change in the billing process. Always open and check your bills.
It might be once a month, once a week or once a day if you have a lot of bills and can't pay far in advance. But just about every financial expert will tell you to reserve quiet time to pay your bills and stay up to date on your finances. Do give yourself some time to pay your bills and avoid unnecessary late charges.Deferred Sales Price of maximum RM200.00 (revised 1st August 2016) is waivable upon non-overdue on monthly instalment payments
A Credit History report is a scorecard based on your previous and existing loans. You can check your own report at any Credit Reporting Agency in Malaysia.
Ensure that the information in your report is up to date and without any mistakes. If your report shows that you have missing or late loan payments, it will badly affect your application. However, if your report shows that you have previously completely settled loans, your application will look good to your loan provider.
Any loan provider that you apply to will want to know that you have a constant source of income to pay off your instalments.
Emphasis will be given to jobs that provide Employee Provident Fund (EPF) contributions as these are likely to be stable employment. Keep all your monthly payslips and other records of income for documentary proof during your application.
Loan providers prefer if their customers do not default even if the maximum loan amount has increased due to late charges. This is because the recovery of even the principal amount becomes difficult.
Placing additional down payment, collateral or having a guarantor would show your sincerity in paying off the loan in one hand, and the loan provider would be relieved that they do not stand to lose as much if you default in the other.
Replace your password with a longer ‘passphrase’ that makes your login details harder for Hackers to guess. A passphrase contains numbers, upper/lower case alphabets and symbols that together form a sentence. For example, “I@lwaysliket0buysh0es” is a passphrase.
You should change your passphrase regularly and use a different passphrase for each of your accounts. If you can’t remember all of them, you may have to write them down someplace that is secure and private.
We like to connect to free Wi-Fi whenever we are at public areas such as hotels, airport and restaurants. But, most of us do not know that these public Wi-Fi connections usually do not provide high level of security compared to wired internet connections, encrypted wireless network or mobile carrier’s cellular data connections. There is a higher chance of your account information being intercepted and stolen when performing online transactions using a public Wi-Fi.
If possible, only perform online banking or transactions using your own private home wireless or through your handphone data plan.
Often there will be Scammers disguising themselves as Banks or Government Institutions to request for your financial information or login details. Additionally, you may be directed to a fake log-in page that is pretending to be your Bank. This is known as ‘Phishing’ and cause your savings to be stolen or unknown purchases charged to your credit cards if you are not careful.
If you are unsure if a request or webpage is ‘original’, contact your Bank through the telephone number on your Credit/Debit Card or Statement Slip, as the telephone number provided in the request or webpage may also be fake.