Transfer Balance To Other Card

An unwanted Saga over obtaining car insurance

Question: In December 2010 Saga quoted me 382.18 for a Volkswagen Golf, based on my 60% discount bonus-malus. He said the policy will be sent immediately. But the policy does not arrive and I was unable to speak to anyone at Saga, despite repeated telephone calls. I wrote on January 12 to cancel the policy.

On 19 January, I received a letter from customer services saying that saga had "recently experienced high volumes of calls" but that police had been canceled and a refund would be processed once I completed a form attached and return it had received this from me.I called again to say that no form has been closed but it was not until January 31 I received the form, which has been returned.

No money was coming and I waited a while to call again asking for my money back, only to be told that the cancellation is not acceptable for insurance saga. I then called again to talk to someone and was told that the cancellation had been approved and that I could expect a refund within a week or two. This happened for several weeks. PP, e-mail.

Answer: There were a series of problems initially process your insurance policy and then canceling the policy and refund your payment. Saga has failed to deliver the policy within the time promised. Saga has now refunded your payment of 382.18 plus 50 others as a gesture of goodwill. Saga spokesman said: "We provided feedback and training for those involved, emphasizing the importance of processing refunds in a timely manner."

Question: After reading the reader question the "Atol needs of all the facts before spending public funds" (Questions of Cash, 5 March), I wanted to add my experience. I booked a stay in a travel agency in Zakynthos in Greece last summer, flying with Goldtrail. After the collapse of Goldtrail I had to book additional flights. I originally paid 423, but had to pay another 500. Try to get a refund has not been easy and I'm hitting brick walls along the drive automated telephone calls were not returned calls and e-mails unanswered.JM

Answer: The Civil Aviation Authority said that the delay in processing a refund under the guarantee Atol was caused in part because you change address while the rebate was handled. It confirms that all documents had been received and payment will be made before the end of the month.

Quite A Bit Of Tips When It Comes To Charge Card Account Balance ...

Charge card accounts need no introduction. Right from a student to an adult everybody uses credit card in some form or the other. A student may use the credit card to pay for his bills or for buying his necessities. An adult may use it to pay for his utility bills and other daily requirements. Some people may use the credit card account for extravagant purchases as well. For whatever reason the charge card may be used, the fact remains that they have become an integral part of our daily lives. With competition increasing in the charge card account market and the interest rates falling by the day, many companies are coming out with offers to attract customers. Companies to attract customers are coming out with offers like 0% interest on interest rate or 0% interest on balance transfer. Balance transfer is the transfer of balance or outstanding in one charge card to another charge card.

Advantages of balance transfer

It is an efficient tool to manage our finances. People in financial crisis can use it as an effective tool to postpone payment to charge card account companies.

People can also save cash because if they are not able to make payment to charge card account issuer, then they are charged late payment interest and penal charges. With the help of balance transfer such charges can be avoided.

There are certain things that you should bear in mind before you request for balance transfer:

Fees

Most companies today charge a balance transfer fee for transferring any outstanding balance from other charge cards. This could be a flat fee or it could also be a percentage of the amount borrowed. It is very important that we analyze what transfer fee we are paying and what is our actual financial benefit on balance transfer.

Interest Rate on Purchases

Some credit card account companies may attract customers by charging no interest on amount transferred. This policy of no interest is usually applicable only on balance transfer and not on purchases made. Any purchases that we make is chargable at normal rates of interest.

Allocation of Funds

When you take a balance transfer find out how the allocation will be made when you make the monthly payment of your credit card bill. Let me explain the importance of allocation with an example. Suppose you have taken a balance transfer from your charge card company of 500 dollars. You are required to make a monthly payment of 100 dollars towards you balance transfer. You spent 200 dollars on the charge card on which you have taken a balance transfer. When you receive you statement you find you have 700 dollars (500 dollars form balance transfer + 200 dollars from purchases made) outstanding in your charge card account. You assume that you have to pay 200 dollars towards your purchases and 100 dollars towards your balance transfer outstanding. So you pay 300 dollars to your credit card company. When you receive the credit card bill for next month, you will be surprised to find out that the entire amount you have paid will be adjusted towards your balance transfer, and you will be charged interest and penalty charges on 200 dollars (purchases made by you). Therefore it is very important to understand how the credit card account company will treat any amount paid by you.