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Will CRIB statues matter when Migrating ?
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<blockquote data-quote="Edward Kenway" data-source="post: 25532051" data-attributes="member: 522682"><p>There were no secrets on that regard was it? You and the bank initially agreed on what will happen if you change the salary remittance. it's in your agreement. Whether you have read it or no is out of the question.</p><p></p><p>Common sense does not apply to agreements, terms do. You broke the agreed upon terms by changing the remittance and bank did what they said they would do. Again you might not have read the terms but that's not an excuse.</p><p></p><p>No financial institution is waiving off already paid interest which is the bulk of payments you already made. As the other gentleman explained, majority of your early instalments are interest so that's why after 12 instalments your capital isn't reduced by much. This is standard practice and i can't imagine you didn't knew this.</p><p></p><p>In your case, bank has not done any Bula. All this is how loans work.</p></blockquote><p></p>
[QUOTE="Edward Kenway, post: 25532051, member: 522682"] There were no secrets on that regard was it? You and the bank initially agreed on what will happen if you change the salary remittance. it's in your agreement. Whether you have read it or no is out of the question. Common sense does not apply to agreements, terms do. You broke the agreed upon terms by changing the remittance and bank did what they said they would do. Again you might not have read the terms but that's not an excuse. No financial institution is waiving off already paid interest which is the bulk of payments you already made. As the other gentleman explained, majority of your early instalments are interest so that's why after 12 instalments your capital isn't reduced by much. This is standard practice and i can't imagine you didn't knew this. In your case, bank has not done any Bula. All this is how loans work. [/QUOTE]
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