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City Focus If you feel strongly about certain issues concerning the state of PERAK and IPOH, let your thoughts be known!

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  #1  
Old 09-05-2013, 01:01 PM
forum_admin forum_admin is offline
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Angry Beware of this unethical company in Ipoh!

Ipoh folks please beware of a company called Advance Base management located at Bandar Baru Medan Ipoh which is providing financial services.

The sales representatives of this company will make phone calls to those credit card holders to offer them credit card debt refinancing. They will tell them the interest of the refinancing is about 7 to 8% per annum and by taking the offer, the card holders can save substantial interest compare with the rate the banks is charging. Many card holders who are financially tight will be attracted to the offer. But this is actually a trap. After converting the debt into instalments, the interest is not 7 to 8% but a whopping 25% and above per annum.

My colleague is one of the victims of this scam. He complained and when threaten to take action against the company, the sale rep agreed to refund some of the interest but the company never kept their promise.
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Old 09-05-2013, 04:03 PM
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I think a newbie from KL mentioned this company in his post.
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Old 25-08-2013, 11:39 PM
sarahlpy sarahlpy is offline
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How they know about our contact details in the first place? So many unsolicited calls going around these days.
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Old 26-08-2013, 01:30 AM
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IMHO even 7-8% interest is too high to pay. Best advice is to pay off one's credit card balance every month, so as not to incur any accrued interest.
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Old 26-08-2013, 09:14 AM
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Quote:
Originally Posted by Oldtimer
IMHO even 7-8% interest is too high to pay. Best advice is to pay off one's credit card balance every month, so as not to incur any accrued interest.
A wise man has spoken.
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Old 26-08-2013, 11:34 AM
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Nothing wise about the advice, just a basic principle in money management. Way too many people nowadays are spending more than they are making, which eventually will lead to a financial suicide.
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Old 11-12-2013, 08:22 AM
lucassim lucassim is offline
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they will find another victims. bcareful all
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