I got a cryptic letter from Citibank yesterday, thanking me
for requesting a principal reduction in my interest-only
investment loan, and which reminded me that they needed it
in writing in order to do these principal reductions.

After ringing them up, they told me that I had made an extra
payment in December, and I told them I hadn't, and then they
said "December 1994".  I remembered seeing that on my 
statement, but they threw me on the statement by making the
next months less, and more of them, and converting it into
P&I for a couple of months, so that in the end I just gave
up, added up the figures, it came within a bull's roar of
10%, and just left it at that.

So anyway, I've been $600 in advance for the last year, which
is $60 down the drain, but I am not going to pursue that, as
interest-only loans don't get credit for advance payments.
Anyway, I attempted to explain the previous stuffup to the
person dealing with this stuffup (I call this one their stuffup,
because they deduct money from my account automatically to pay
the loan), and then I said that I didn't want a principal
reduction, I wanted my money back, as it should never have been
reduced from $96000 in the first place.  

She said it was easier to redraw the money back to the previous
state, and could she have that in writing.  She understood my
objection that if they can reduce my principal without my
signature, they should be able to put it right again also, which
she agreed to, but since she accepted a fax, I was happy to let
her have her way with me.  BFN.  Paul.

P.S. Oh, that means I'll have $600, which should be able to be
spent on a modem when they come into stock this month, and
after Anzac day/Australia day, whichever comes first, as there
is a bit of stuffing around happening then.
@EOT:

---