Text Message from Banks About Credit Information Corp (CIC)

Posted Leave a commentPosted in Credit Cards, Credit and Loans, Personal Loans, Personal Finance

If you have a credit card or an existing loan with a bank, you probably got a text message similar to below. Bank branches are also decorated with announcements with regards to data submission.

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Ask Geri: True Cost of Borrowing (Part 2): Diminishing Balance Amortization

Posted Leave a commentPosted in Home Loans, Ask Geri, Auto Loan, Credit and Loans, Personal Loans, Personal Finance

Not all loan providers offer this option. But from time to time I encounter this option especially for mortgage / home loans. If Juan is presented such an option and s/he can afford the amortization using diminishing balance, s/he should go for it to save some more on interest payments.

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Step By Step Guide on Land Title Transfer in the Philippines

Posted 1 CommentPosted in Investments, Home Loans, Credit and Loans, Real Estate

Wrote the posts based on my personal experience when I solely handled the title transfer of the house and lot we bought way back then. I have observed that many still inquire about the steps, requirements among other things, maybe because Pinoys prefer to do this processing on their own, instead of outsourcing it to brokers, agents etc whose actual day job is to transfer titles.

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PH: Too Many Banks Yet Many Pinoys Still Unbanked

Posted Leave a commentPosted in Reflections, Suggested Readings, Credit and Loans, Economics, Personal Finance

Banks still have a long way to go to tap the underbanked segments especially the countryside where access is very limited. Other sources are perceived to be easily reachable like pawnshops or money remittance business, which have more branches, less costly to put up and some of which even operate 24 hours.

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