Comments on: Late Installment Fee http://somecontrast.com/2008/05/12/late-installment-fee/ Like a valley next to a mountain, like the sunshine after the rain; life is much more with some contrasts. Mon, 01 Dec 2008 18:27:07 +0000 http://wordpress.org/?v=2.6.3 By: Leroy Glinchy http://somecontrast.com/2008/05/12/late-installment-fee/#comment-3643 Leroy Glinchy Mon, 12 May 2008 15:52:23 +0000 http://somecontrast.wordpress.com/?p=1700#comment-3643 Thanks for posting this. I agree that there are many, many small fees that can be deducted from your bank account and loan payments. The more people know about this, the better. This is one of the reasons my wife (an accountant) suggests posting all bills manually. It gives you more control. Of course, this takes more discipline, but this is money so it should be a priority. :) Other tricks are making sure there is money in account when the bills are posted. Otherwise, you can get a overdraft fee even if funds are on the way. Sometimes, you can post a deposit and it does not get credited before the loan company takes their cut. Then there is the trick of loan companies taking money and holding it and posting it to interest in the future unless you make it clear that the money should be used to pay down priciple. I had this done to me even after I sent them a letter telling them explicitely to put all excess cash into principle. As Mishary & Yousef saud, you should always look for small fees and investigate why they are charged. Thanks for posting this. I agree that there are many, many small fees that can be deducted from your bank account and loan payments. The more people know about this, the better.

This is one of the reasons my wife (an accountant) suggests posting all bills manually. It gives you more control. Of course, this takes more discipline, but this is money so it should be a priority. :)
Other tricks are making sure there is money in account when the bills are posted. Otherwise, you can get a overdraft fee even if funds are on the way. Sometimes, you can post a deposit and it does not get credited before the loan company takes their cut.

Then there is the trick of loan companies taking money and holding it and posting it to interest in the future unless you make it clear that the money should be used to pay down priciple. I had this done to me even after I sent them a letter telling them explicitely to put all excess cash into principle.

As Mishary & Yousef saud, you should always look for small fees and investigate why they are charged.

]]> By: c'est la vie http://somecontrast.com/2008/05/12/late-installment-fee/#comment-3642 c'est la vie Mon, 12 May 2008 14:38:14 +0000 http://somecontrast.wordpress.com/?p=1700#comment-3642 Thank you Yosef alot for posting this and its all right , but to credit the NBK bank they returned the 120 kd allowens to the people that they took from them before the salary and payed the 120kd shortage of their loan installment from the NBK private account as "ta3weeth " for their mistake . but people should keep watching their installment . Thank you Yosef alot for posting this and its all right , but to credit the NBK bank they returned the 120 kd allowens to the people that they took from them before the salary and payed the 120kd shortage of their loan installment from the NBK private account as “ta3weeth ” for their mistake . but people should keep watching their installment .

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