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.
Last edited by forum_admin : 09-05-2013 at 01:10 PM.