I am thinking of online transferring money from my personal saving account to pay one more auto loan installment so that my car loan account can stay current again.
Since hubby started his full time teaching job in July his year, we have been able to pay a bit more towards the auto loan account which was always 2 months or 3 months behind in installment payments.
Making ONE more installment payment for the car this week means that our auto loan account will become current again. Finally and hopefully there will be no more repossession notices in future.
The remaining outstanding amount of the car is RM 18,030.00. RM18,030.00 means 22 installments left.
According to hubby, the market value for our car now is RM22,000. If we ever want to sell our car in future, we will surely have a few thousand profits.
Speaking of the next auto loan installment payment, it will be on the 18th this month. I think it will be paid on or a few days late after the due date depending on when my online income arrives.
Once the car loan account is back to current, I am going to make the AKPK debt management program repayments of mine and hubby’s on the first or second week of every month. Currently, they are paid on the 28th every month when hubby gets his salary.
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