iMoney.my Learning Centre
  • All Categories

    All Categories

    Close
    English
    • Latest Articles
    • Go to iMoney.my
    • Personal Loan
    • Life Insurance
    • Broadband
    • Medical Insurance
    • Credit Cards
    • Travel Insurance
    • Money Management
    • Auto Insurance
    • Properties
    • Takaful
    • Autos
    • Entrepreneur
    • Investment
    • Tax
    • CreditScore
    • Budgeting
    • Career
    • Lifestyle
    • News Updates
    Malay
    • Artikel Terkini
    • Pinjaman Peribadi
    • Kad
    • Insurans
    • Simpanan Tetap
    • Pinjaman Perumahan
    • Pinjaman Kereta
    • Pengurusan Kewangan
    • Pelaburan
    • Gaya Hidup
    • Infografik
    • Kemasyhuran & Kekayaan
  • Money Management
  • Investment
  • Insurance
  • Cards
  • Guides
  • Online Shopping Guide
  • Go to iMoney.my
Home › Latest Articles › Money Management › Debt Management › Avoid Paying Dearly For Late Payments In Malaysia

Avoid Paying Dearly For Late Payments In Malaysia

December 27, 2016
Debt Management, Infographic, Money Management, Sponsored
Share this!
  • Share
  • Tweet
  • Email
  • WhatsApp

loan payment

Written by Iris Lee Illustration by Achmad Baraja

MEPS

Taking up financing and credits are not necessarily a bad thing – only if you religiously and promptly pay off your balance every month. However, sometimes life gets in the way.

For example, you may be travelling overseas when the due date for your credit card or financing comes around. Sometimes, it may have just slipped your mind. It’s happened to all of us at least once.

However, the repercussion of late payment is bigger than paying interest or late penalty. Paying off your credit card or financing late could badly affect your credit report. Every time you miss a payment or late on a payment, it will be reflected on your Central Credit Reference Information System (CCRIS) report.

But simple forgetfulness rarely puts your credit report in the dumps — if you know what to do.

With the advent of technology, you could make payments anywhere in the world and still have it reflected immediately. You can make payment at any MEPS ATM or online using Instant Transfer to have your payments transferred immediately – and avert any late payment costs.

Find out how much money you could be saving on interest and late penalties by using Instant Transfer to pay your debts!

Share this article

Share this!
  • Share
  • Tweet
  • Email
  • WhatsApp

Leave your comment

Infographic
avoid credit card interest charges

How To Win Against Credit Card Interest Charges

How Confident Are Malaysians About Their Retirement Plans?

insurance for young adults

Do You Need To Buy Insurance When You Are Young?

Majority Of Malaysians Believe Insurance/Takaful Coverage Is Necessary – But How Adequately Covered Are They?

What You Should Look For When Buying A New Home In 2023

Bayar dengan Tap On Phone

Panduan Mendigitalkan Perniagaan Tanpa Kos Yang Tinggi

Tap On Phone MyDebit

Guide To Taking Your Business Digital Without The High Costs

Top 8 Most Expensive World Cup Squads

View more infographics »
iMoney.my Learning Centre
Back to top

iMoney.my is a leading financial comparison website and a trusted personal finance authority to help you make the most out of your money.

  • Facebook
  • Twitter
  • Instagram
  • Youtube
  • Go to iMoney.my
  • Privacy Policy
  • Disclaimer
  • Corporate
  • Advertising@iMoney

© 2023 iMoney Malaysia