This is new year and one of the letter that I’ve been waited is loan account statement. It is important because I want to see what I’ve paid and what the balance of my loans. In meantime, I just received my car loan account statement and it show I’ve about 5 years to settle it. That’s a long time to reach but I’m confident that I could reduce the time by paying more than monthly assurance. I’m not worried about education loan account statement because I can reach it at online. Only a housing loan account statement not received yet and I’m still waiting for postal worker to send the letter. If I’m not get the statement after end of January, then I need go to bank institution to get the account statement? Okay back to the topic
What is loan account statement
If you have made any loan, I think you must know about loan account statement. If not, then it is very dangerous to you. A loan account statement is a statement that show about your loan value, your loan balance, how much you paid and late charge you get. That’s the basic field in the account statement.
Mostly, the loan account statement will be sent by your creditor yearly but you can get the statement at their place at anytime. Some of them have put the loan account statement online and you can look it in their website and print it anywhere, anytime.
Do you saving your loan account statement?
Do you keep your account statement in your file or other safe place? I think most of you have put the paper in your safe and easiest place to reach. If not, you must do it now.
Why you must saving your loan account statement ?
Maybe some of you ignored to save your loan account statement. It is important you put your statement in easiest and safest place. Why? It is important for your prove if you want tax rebate. You also can use the statement to look at your monthly flow. Maybe you know the timing that important to save more. Other than that, you also know about your loan balance and you can schedule your payment and make budget. It is more easily to make budget if you have the account statement because you can based on it to put the expenses in your budget.
You also need to save your loan account statement for future reference. Sometimes your creditors has changing their policy and system. It is important you can show the prove to show your balance.
Where to put your loan account statement?
It is not hard to put your loan account statement. Put in safest place and I’ll recommend you put in at the file folder. Make sure you can reach it easily to make reference.