Personal Loan Tips – Check Your Statement

May 31st, 2010 by admin

Check Your Statement

Errors happen,  it’s that simple.  Anecdotal evidence from the US is suggestive of reported errors rates as high as 50%

Often, it is simple mistakes, such as an or the incorrect balance brought-forward, or wrong interest rate that can be costly and almost always in favor the lender.

Accounting mistakes happen all the time, and when computers make them due to human input error they can be replicated many, many times.

Summary:

  • Always keep a close eye on your loan statements, and check the interest rate, balance brought forward, and ensure all payments made are acknowledged at the right billing time.
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Posted in Avoiding Billing Errors, Personal Loan Tips | 2 Comments »
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2 Responses to “Personal Loan Tips – Check Your Statement”

  1. Personal Loan Tips: Consider Your Options First | Mortgages & Loans NZ says:
    May 31, 2010 at 6:51 am

    [...] high interest rates or      Don’t pay more than you should. Tags: loans, Loans for everyone Posted in Other Loan Options, Personal Loan Tips | No Comments [...]

  2. Island Vacation Packages says:
    June 21, 2010 at 8:43 am

    Gives Thanks for all of the guide dude.

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