Category Archives: Discussion

To Protect The Credit Card

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Several days ago, my credit card collected unwelcome transaction. Fortunately the credit card company was very cooperative and helps me to solve this problem. One of my question is there any tips that you can give us about the safety of credit card from the victimization like what happened to me? I wish you can help us.

Answer:

It is really sensitive as the target of victimization by irresponsible person. It can be various way. From taking it and using it illegally. Or without taking it, or using card identity as a means of shopping in the internet.

To overcome the crime of it, here are several tips may be be able to help you:

1. use credit card with electronic specification

Now it is not the time to deal it with old scour tool that just copy emerged number on the card to carbon paper. Since it can be easily manipulated. Use electronic card that can read magnetic data in it, and added with other protection like PIN.

2. Be careful with card identification data (card number and validation).

It can be used as a verification tool to do far distance transaction. Like via internet or telephone. For that reason, be careful with it. It can be used by other people if they knew its number and its validation and it’s PIN.

3. Be careful with personal identification ( date of birth, and mother name )

This can be done with more sophisticated way via telephone. If you contact bank via telephone to get the transaction, make sure the man who are calling is the right man on it. This is as standard security to customer. But be careful if suddenly there is a man calling and admit he is a bank staff and asking your personal identification. Remember in this case, they call first, your job to make sure that he is really bank staff. Now there are many modus operandi like that, so don’t give your data, if you are telephoned, it will be wise to call the legal number on the card or brochure, not the number suggested by dark caller.

4. Choose the easy remember pin but difficult to guess

If you lose your card, you still have chance to safety tool like PIN. Therefore it is very essential not to make easy guess pin like birth date. Since if you lose it together with the citizen card inside the wallet.

5. Don’t write the PIN ATM on the same place you put the card.

Forget is human, also the PIN. Many people write PIN on paper. Actually it is not recommended. But if you have to make, don’t put in the wallet. It is similar you park your motorbike with the key on it.

6. Add identification with photo

As an addition of security, many publisher offer photo on it. Yet, it takes longer or more budget, use this feature.

To Liquidate The Debt

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The good financial manager,

I am a housewife with two children age 3 years old. We both work, I work at a bank and a husband works in an automotive corporation in Jakarta. I always join the financial review through this issue. It is really helps us to plan. The one thing I want to ask for, is it good to liquidate our debt? As an addition I still have home credit, card credit and car credit. I have just got an inherit in great deal of money.

Jessica, USA

 

Answer:

Yet at this moment it is very difficult not to deal with debt, at least you are out of the red. If you force to owe, it is better to liquidate it, the faster the better. But we have to be selective which debt must be liquidated first. And certainly, there is any other need to fulfill and not all debt can be liquidated faster. There is various kind of obligation to pay the interest loan. There is fixed debt sum yet to liquidate earlier, and even there give fine if it is liquidated earlier. But there is debt can be best liquidated earlier. And now let discuss it one by one.

Now KPR (credit for home), if you take from BTN used annuity effective interest system. With this one, you will get the benefit if you can liquidate faster due to the interest burden will get smaller. But for KPR using Flat, will be different. Please check the agreement, there must be mention the clausal of fasten liquidation. If there isn’t, you may contact its customer service. It differs to car installment. If you install with leasing from financing corporation, will be difficult to liquidate fast. But to make sure, ask to it whether it can be liquidated faster or not. If there is fine for it, compare it with the save interest. If you credit from bank, it uses flat rate, the treatment will be the same like flat KPR (home credit).