Sunday, February 20, 2011

Submit Info for Appointment

Call bank (no telefon di belakang kad).
Senaraikan info berikut untuk semua kad:
Contoh: Xbank/10K/8240.93/1759/410&24March
Sila lihat artikel terdahulu untuk penerangan.

Contact No:
Senarai Hutang Kad
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Saturday, January 30, 2010

Contoh: Outstanding Balance RM20K

Contoh Kiraan:
Credit Limit 25K.
Outstanding Balance of 20K with say Affin credit card, to be restructurued to 36 mths installment.

Before: Statement Outstanding balance = 20,000
After: Statement Outstanding Balance = 0

Before: Full Payment = RM 20,000
After: Full payment = RM 686 monthly

Before: Minimum Payment: RM1,000
After: Minimum Payment: RM50

Before: Sesak Nafas, gaji habis bayar kad kredit, wife bising, member tak ajak main golf
After: Lega... As they say, peace of mind is priceless..

Before: Faced with 18% p.a interest, Late Charge, Overlimit Charge, every month,
After: No further interest/charges, with reduced monthly committment

E-mail these info so that i can see what are the solution options available (pls also state your contact no):
Card / Status / CreditLimit / OutstandingBalance / MinimumPayment(+due date) / AvailableLimit/
e.g: EON Visa/Active/10,000/8000/400-by-16March/2000

Monday, March 2, 2009

More Agents (part/full time) needed !! Call now !!

Franchisee Types of Income
- Personal Sales Commission
- Overiding 1st level of Total Income (10%)
- Recruiting 1st Level Franchise Incentive
- Renewal of Franchise Fee
- Quarterty Sales Bonus Company Pool Fund
- Campaign prizes

What Franchisees need to do ?
- Find friends/customers and bring/direct them to one of our branches (with your agent code), where our customer service officers will help them.

Kind of Customers
- Settle credit cards outstanding debt problem
- Ease cashflow (gaji habis bayar kad kredit)
- Cash withdrawal/advance

How to join & start ?
- Call me now for forms/discussion and branch assignment
- Fill up form, then submit to branch, you'll be given an agent code
- Branches are in Penang, Kedah, Perak, Klang Valley, Kuantan (soon), JB (soon), KK (mobile trip)
- Get customers through personal contacts or advertisement (free and paid ones)

CALL ME at 017-3355733. or e-mail

Saturday, December 20, 2008

Before & After

EPP: How it works ?

1) Bank Biasa - Kad Credit Limit RM10,000 (Hutang RM8,000)

Contoh: Maybank (Kiraan Biasa) Kad Credit Limit: RM10,000 Hutang Kad: RM8,000
Interest Rate: 18% Setahun, atau 1.5% sebulan
Bayaran Minimum: RM400 sebulan (5% dari RM8,000)

Interest Charge (untuk baki) : (RM8,000 - RM400)x1.5% = RM7,600 x 1.5% = RM114
RM8,000 x 5% = RM400 sebulan bayaran minima

Jika anda bayar RM50 atau RM399 anda akan dapat panggilan talipon dari pihak bank kerana tak buat minimum payment RM400
Outstanding balance kad kredit anda masih dalam lingkungan RM10,000
Ambil masa 89 bulan untuk selesaikan hutang jika bayar minimum payment

2) Plan ZERO Interest - Kad Kredit Limit RM10,000 (Hutang RM8,000)

Contoh: Maybank Kad Kredit (Kiraan 0% Interest) Kad Kredit Limit: RM10,000 Hutang Kad: RM8,000

One Time Processing Fee : 8000/0.82 ~ RM1,700 - dijelaskan melalui baki available kad kredit anda : 18 % untuk 36 bulan [ini lebih baik dari simple interest 54% (dari 18%x3) untuk 36 bulan].
Interest Rate: 0% , Bayaran Bulanan: RM10,000/36 = RM277.78 selama 36 bulan.(Boleh bayar minimum payment dari jumlah ini)

Dapat Cash: (RM10,000 – RM1,800) – 8,000 = 8,200 – 8,000 = RM200+

Kami rundingkan untuk Plan 0% Interest dari Bank's Card Credit anda. Jumlah tahun untuk 0% bergantung kepada Bank.

Anda boleh bayar minimum payment dari minimum payment RM277.78 iaitu RM50 sahaja. (Had Minima payment bagi kad kredit) dan anda TIDAK akan dapat panggilan dari bank.

Interest pada baki yang anda tak bayar masih KECIL.
Contoh kiraan RM277.78 - RM50 = RM227.78 x 1.5% = RM3.42 BERBANDING RM114.00 seperti kiraan bank biasa di atas.

Outstanding balance kad kredit anda ialah apa yang dibilkan iaitu RM277.78 setiap bulan bukan RM10,000.

Dalam 36 bulan anda boleh selesaikan hutang anda bila anda bayar amount yang dibilkan itu setiap bulan.

Syarat-syarat memohon yang mudah: Kelulusan 100%, Kad Kredit Anda Mesti Active, Bagi mereka yang tiada hutang kad kredit tapi ingin CASH Advance ZERO Interest untuk tujuan perniagaan dan kegunaan lain pun boleh juga mohon. (Lebih mudah/cepat dari personal loan dan tidak mengganggu commitment level dalam credit report)

Monday, November 10, 2008

Sunday, November 2, 2008

Bertindak Sekarang - Selesaikan Hutang Kad Kredit

Pengguna Credit Card Dalam Negara Berhutang Melebihi RM20,000,000,000 (Dua Puluh BILLION)

Adakah anda salah seorang yang mengalami tekanan dan bebanan Credit Cards...?

Kami mempunyai cara BAGAIMANA untuk menyelesaikan masalah ansuran kad anda dari 18% kepada 6% setahun...

Bukankan ianya MENGUNTUNGKAN anda...?

$$$ Tiada urusan pembayaran diperlukan/dikenakan
$$$ Jimat sehingga 6.5% sebelum process
$$$ Jimat sehingga 12% setahun
$$$ Outstanding Balance = 0
$$$ CCRIS clear dan nampak cantik
$$$ Pengurangan bayaran ansuran bulanan
$$$ Bayaran bulanan minimum jadi serendah RM50
$$$ Sebarang pengeluaran wang tiada dikenakan faedah 5%
$$$ Menyelesaikan masalah lebihan penggunaan Credit Card anda
$$$ Kelulusan dijamin 100%


Jika nama anda telah disenaraihitamkan bermakna ANDA yang rugi buat selama-lamanya
Hubungi kami supaya kami dapat MEMBANTU menyelesaikan masalah bebanan CREDIT CARD anda


(( Agen-agen juga diperlukan ))

Hubungi/sms : 017-3355733 (Mohd Basir).

Article: The Plastic Temptation

Sunday January 27, 2008
The plastic temptation

Easy to come by and easy to chalk up a huge debt. With credit cards within the reach of just anybody, the temptation to spend and then suffer is a growing cause for concern.

NOWADAYS, it is virtually impossible to step into a shopping mall or supermarket without being hassled by eager salespeople promoting credit cards.

Banks are even hiring telemarketers to promote their cards, with people complaining about being inundated with such calls.

Consumers Association of Penang (CAP) President S.M. Mohamed Idris says it is relatively easy to even own several credit cards these days as banks are competing to sign up as many cardholders as possible.

While the minimum age to apply for a credit card is 21, the qualifying income for a card is low at only RM18,000 per annum; before, it used to be RM24,000.

Most people don’t realise that at the 19.7% APR that represents the true cost of most credit card debt, it takes just under four years for a person’s unpaid borrowings to double in size« RAJEN DEVADASON

“Many have got into financial difficulties because of credit cards,” adds Idris.

Statistics obtained from the Credit Counselling and Debt Management Agency (AKPK) showed that 7,456 people had enrolled into its Debt Management Programme (DMP) as of October 2007 since it began its operations in May 2006.

Of this number, 31% got into financial trouble because of credit card debts. Another 52% faced a combination of hire purchase, housing loan and credit card debts.

Credit card debts as of October 2007 alone stood at RM21.6bil, with non-payment of credit card loans amounting to RM591mil, or at an NPL ratio of 2.7%.

While AKPK chief executive Mohamed Akwal Sultan says this figure is not alarming, CAP does not encourage the use of credit cards.

Rajen Devadason, a Certified Financial Planner (CFP), says banks are going all out to market credit cards because the interest rate banks are allowed to charge is the highest among conventional loans.

For instance, when a person is charged 1.5% a month on an unpaid credit card balance, the nominal rate he pays is 18% per annum, but because the interest is charged on a daily compounding basis, his true rate or his APR (annualised percentage rate) is 19.7%.

“Most people don’t realise that at the 19.7% APR that represents the true cost of most credit card debt, it takes just under four years for a person’s unpaid borrowings to double in size through snowballing interest,” said Devadason, citing a study carried out in the United States many years ago that suggested people tend to spend 17% more on any particular shopping trip if they were paying with plastic rather than cold hard cash.

“From a corporate perspective, for as long as banks are able to control their average ratio of credit card defaulters to sound credit card borrowers, and continue to keep that percentage as low as possible, the profit margin on their credit card business will remain very healthy,” he adds.

A bank manager who spoke on condition of anonymity says that banks have no choice but to be aggressive in their marketing as it is all about numbers.

“You need a big base. That is the only way you are going to entice the so-called bigger merchants to partner up with you. The bigger you are, the more preferred you become and that means more income.”

He adds that banks stand to gain a lot of commission from merchants, who are charged 3% of the purchase.

According to Alice Goh, Head of Cards, Cobrand and Alliance, Citibank Berhad, the credit card industry has been growing at a rate of 16% to 20% in the last few years.

“We believe that this will continue,” shares Goh, adding that the credit card business is one of the bank’s core businesses.

So banks are coming up with all sorts of offers to lure people into applying for credit cards.

They are also teaming up with various companies such as airlines, insurance companies and even petrol stations, offering rebates and discounts on many products.

Darshan Singh, the director of the National Consumer Complaints Centre (NCCC), believes there is nothing wrong with this although he urges banks to increase the minimum income required to get a credit card.

Goh, however, believes that RM1,500 is an adequate figure. She says that Citibank always looks at the customers’ current commitments prior to determining the credit line approved.

Mohamed Akwal Sultan, meanwhile, dismisses the perception that it is easy to obtain credit cards.

“The public might think it’s easy to get a credit card because they are always being chased in shopping complexes, but the reality is the guidelines are there.

“There is a thorough and rigorous process to get the first card. The second or third card might be easier to get but that also depends on previous payment records,” says Akwal, who advocates the use of credit cards.

Banks use the Central Credit Reference Information System (CCRIS) to check on an applicant’s financial history.

Problems occur when people are not well educated and only pay the minimum every month,” adds Akwal.

The Association of Banks Malaysia (ABM) executive-director Wong Suan Lye says that banks have to comply with guidelines on credit card issued by Bank Negara Malaysia.

“In growing their credit card base, banks are ever mindful of the credit risk involved. The evaluation criteria for a credit card tends to be stringent because it is an unsecured line of credit,” she adds.

Idris, however, says that banks are partly to blame as they are also tempting cardholders to get into debt because of the interest they can earn from it.

“Recently, one bank sent out RM5,000 cheques to cardholders asking them to cash the cheques. The bank is blatantly trying to get cardholders into debt. Cardholders who would not have bothered to apply for such a loan will be tempted by the offer,” says Idris.

Darshan adds that some banks seem to issue cards without people even applying although Goh claims that this is not a Citibank practice.

“We do not issue free credit cards to customers who have not signed an application as per the regulatory guidelines. At Citibank, we adhere to the standards set by the regulators as well as the internal policies,” she adds.

Wong says that an unsolicited card sent to someone need not be activated and should be destroyed immediately. “Then there is no liability on the part of the recipient.”

Another problem could lie in the salespeople who are selling the card without really educating the customer.

“Some of them don’t seem to know their product that well. Their only objective is to sell their card. People are misinformed and when they get into trouble, then they are left alone,” says Darshan.

If you are blacklisted by CTOS (Credit Tip Off Services Sdn Bhd) and CCRIS, your future is literally gone.”

He proposes that Bank Negara should look at this problem at policy level.

“We have received many complaints about the lack of information. People have had their bank accounts frozen and their salary deducted, leaving them stranded.”