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Showing posts from October, 2016

About Overdraft

Women have been suppressed for thousands of years, when many noble and chivalry man were killed in two World Wide Wars, the aristocracy fell on the ground and smashed into pieces, feminist lifted their head proudly, they began to protest on the street and demand their rights. Their revenge is fierce; man has no way to escape their anger.

Sometimes I wondered that limited liability company was invented by hen-pecked entrepreneurs who tried to protect their property by way of national law after the ancient aristocracy fallen apart. I believe that one Chinese billionaire has deep understanding of the nature of the relationship of husband and wife, he transforms fourteen years of his future salary into company shares, and pays himself symbolic one cent of salary annually, he made these arrangements before the wedding day.
Almost at the same time Man invented Entrepreneurship, the bankers stealthily sneak up behind their back, and persuaded those entrepreneurs to protect their property fro…

Banking terms explained

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APR, AER, EAR are abbreviations of annual percentage rate, annual equivalent rate, equivalent annual rate, respectively. APR is used to express the true cost of the money borrowed on credit cards, loans and mortgages, EAR is used to demonstrate the full percentage cost of overdrafts, AER on the other hand is only used in relation to savings and interest based investments.

What does EPR means?  APR is most commonly seen, its calculation takes account of the basic interest rate, when it is charged (i.e. annually, monthly, weekly or daily), all initial fees and any other costs you are obliged to pay. As lenders all calculate APR the same way, it enables you to make direct cost comparisons between competing lending products. So if one bank is offering you a mortgage at 4.75% plus an arrangement fee of £450 and a building society is offering you an interest rate of 5.1% with a £100 fee, then the APR figures will show you which of the two mortgages is the cheaper.

There are then two further…

Easy way to make regular payments

Regular Debit Card Payment Pay regular bills automatically, such as magazine subscriptions, using your debit card. The payments are agreed between you and the company or organisation, often by telephone. If you need to cancel a payment, you'll need to speak directly to the organisation that set it up.

This is different form Direct Debit (DD), because you can cancel DD at any time, but you need to speak directly to the organisation first to cancel regular debit card payment.

Direct Debit  DD is convenient to pay regular bills such as gas or electricity automatically, direct from your account. You can cancel DD payments at any time online, via telephone banking or in branch, and you have also to remember to cancel them with the organisation that set them up.

When you fill a direct debit form, you may notice that there is a "Direct Debit Guarantee", so what is the Direct Debit Guarantee? Simply speaking, Direct Debit Guarantee means two things: one is the amounts to be pai…

Hello Yellow

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It's 8 O'Clock Sunday Evening, Jimmy's play Candy Crush Saga on his laptop in the Study Room. As young man, he knows that he is supposed to combat and killing some monsters, but he just likes the bright colour of Candies. Barbara's also playing on her laptop in the living room, to help her mouse to grab some cheese. Then she thought of something and came over to Jimmy's room.

"Do you have anything yellow?" Barbara asked.

"Yes, yellow leaves in the garden." Jimmy even didn't bother to look up from his computer screen.

"Now, seriously, I need wear something yellow on Monday." Barbara said, stamping her feet.

"What's for? It's not Easter?" Jimmy stood up, and pick up his cold tea, and drank it. "Yellow is my favourite colour, I have my yellow jackets and trousers, although it's regarded as the trickiest colour."

"Monday is non-uniform day, I was told to wear something yellow." Barbara explaine…