Capitol One Bank offered me a balance transfer that I thought would be like others I had previously, with a reasonable 1 percent per month minimum payment. They hid their 3 percent minimum, I believe, in an effort to get me to default on a payment, and then be forced to pay 25 percent interest per year. Since the banking industry seems to own my government, I wonder why they need to do these sneaky cheats. All they really need to do is create a crisis, and then ask for a bailout . . . oh, right, they did that too. I guess if you can cheat on a small scale, and on a large scale, in the boardrooms this is considered initiative. The CEO of Capitol One is ironically named Richard "Fairbank." Go figure.
http://leafgardenpress.com/ How Capitol One Bank cheated me . . .
Of the 17 major international banks placed under review in mid-February for potential ratings revisions, Moody's downgraded the ratings of just one bank âˆ' Credit Suisse Group ( CS ) by three notches. The ratings for 10 other banks âˆ' Morgan Stanley ( MS ... Moody's Downgrades Major Banks - Analyst Blog
Bank Reviews
When you choose a bank, you want a bank that offers high quality services and opportunities for your money to grow. This is the purpose of BankReviews.org, and this website gives you reviews of different banks by their customers and you can write about your bank's services on this website. Before you open an account at a certain bank, look at what customers in your city have to say about the bank you're interested in. If you're interested in a bank that has free checking accounts, read their specific comments on this because not all banks' free checking accounts are free, and you still may have to deal with hidden service charges.
Most financial experts recommend that consumers get an emergency savings account, but sadly some banks' savings accounts earn little interest and consumers are not progressing with their long-term savings goals.
Credit cards are convenient and you can make larger purchases with a credit card than with cash or a check on certain items. But banks need to make a profit too, and they sometimes resort to various tactics to make money with the credit cards. One way they do this is by charging late fees and by charging interest on your balance in general. If you want a lower balance on your credit card, you shouldn't spend more than you need, but you can also negotiate for a lower interest rate. If you visit BankReviews.org, you can read customers' reviews and comparisons about their banks' credit card interest rates and see if they're satisfied with them or not. Also look at what the customers had to say about the length of the grace period. This is important because if you have a shorter grace period, you'll pay hefty late fees.
Selecting the right bank also requires an understanding of the latest news and governmental regulations for the banking industry because this affects the quality of the banks' service to customers. For example, if you read that a well-known bank will close down soon and you're a customer of this bank, you could lose your assets or come under ownership of a new bank. BankReviews.org features many bank-related articles that inform you on what's going on in the finance sector.
From college tuition to your dream of entrepreneurship, you want to work with a bank that gives you the best interest rates on loans. On BankReviews.org you can make comparisons of banks in your area, read the online bank ratings from the customers about the loans, and view customers' bank ratings comparisons to see which bank's loans best suit your budget and goals. More Bank Reviews Topics
Question by : STATS: A local bank reviewed its credit card policy with the intention of recalling some of its credit cards.? Approximately 5% of cardholders defaulted, leaving the bank unable to collect the outstanding balance. Managment established a prior probability of 0.05 that any particular card holder will default. The bank also found the probability of missing a monthly payment is 0.20 for customers who do not default. Of course, the probability of a missing monthly payment for those who default is 1. Given that a customer missed one or more monthly payments, compute the posterior probability that the customer will default. Help! Best answer for STATS: A local bank reviewed its credit card policy with the intention of recalling some of its credit cards.?:
Answer by Amber Turner
click explain
Answer by M3
P[defaulter & misses payment] = 0.05*1 = 0.05 P[non-defaulter & misses payment] = 0.95*0.2 = 0.19 P[will default | missed payment] = 0.05/(0.05+0.19) = 5/24 <------
Tidak ada komentar:
Posting Komentar