Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

 Guides for Services Noticeboard Subforum, Read before you post!

views
     
TSmax_cjs0101
post Aug 25 2009, 01:46 AM, updated 14y ago

Tarp hater and detector
Group Icon
Staff
1,361 posts

Joined: Nov 2004
From: A' Ghàidhealtachd


General Rules in Services Noticeboard


1. Do provide proper details regarding the service you are providing.Usage of too large fonts to highlight your service in your thread is not encouraged.

2. External links are not allowed. You either provide your service here or your website.

3. Web Hosting & Domain Registration thread must be used if you are providing such service(s).

4. No sales is to be conducted in Services Noticeboard. You can go to Garage Sales/LYN Street Mart/Bulk Orders section. Double posting is not allowed. If you have a similar thread in Garage Sales/Street Mart or in any subforums you are not allowed to open a similar thread here to boost business.

5. Loans,credit cards services agents MUST state which bank they are from in their thread(first post).Failure to do so will get your thread deleted without notice.

6. Use the proper TAG when creating a topic!

7. Jeopardizing other members services thread is strictly prohibited.If you see/think someone is trying to ruin/jeopardize your thread you can hit the report button.

8. Services(especially money related topics) deemed inappropriate to be posted will be closed without warning by moderators/staffs/admin and all decisions are final.

9. Thread starters may 'bump' their threads using the bump button user posted image. You may not bump another person's thread. Any post made with the intention of bringing your thread up the page will be punishable by a 3 day suspension.


*Members are advised to check/get more information about the service(s) provided/given in the subforum before engaging them.
*Do PM me if you have any enquiries or problems in your posts/threads.Good luck.
b00n
post Oct 7 2009, 03:38 PM

delusional
Group Icon
VIP
9,137 posts

Joined: Jun 2007
From: Wouldn't be around much, pls PM other mods.
Credit Card Conversion to EPP Service is no longer allowed in LYN as it would be classified as a criminal offense

http://thestar.com.my/news/story.asp?file=...6251&sec=nation
QUOTE
Wednesday October 7, 2009
‘Merchants’ helping debtors save on credit card interests

GEORGE TOWN: Credit card debtors are now seeking the aid of “collusive merchants” to help them pay off their fully utilised credit limit to save on overdue interest.

State Commercial Crime chief Asst Comm Roslee Chik said there have been four such cases in the state over the past three months alone.

He said, through this tactic, credit card debtors save between 6% and 14% on overdue interest imposed by banks.

“Banks usually charge 18% per annum on the principal amount but still allow you to continue using your card if you pay the minimum charges monthly.

“In this case, if the debtor fully utilises the credit limit of RM10,000, the ‘collusive merchant’ will help them clear the payment in one sum.

“The credit card holder will have to pay the ‘merchant’ RM1,800 (18%) in cash,” he said.

ACP Roslee said the “merchants” would then pretend to be electrical companies and “create” a transaction for the purchase of electrical goods worth RM10,000 in an easy payment plan, to be paid in instalments between one and three years.

“For Easy Payment, banks charge card holders only 4% interest per year.

“So if you pay in one year, you’re paying only 4% interest instead of 18%, plus you can pay the RM10,000 in monthly instalments.

“If you’re paying via Easy Payment for three years, you’re paying only 12% (3x4%) instead of 54% (3x18%) interest,” he said, adding that the “merchant” earned RM1,800 per transaction.

ACP Roslee said the “merchants” could be charged under Section 420 of the Penal Code with fraud while the card holder could be charged under the same Act for abetting the merchant.


This post has been edited by b00n: Oct 7 2009, 03:39 PM

Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0122sec    0.45    5 queries    GZIP Disabled
Time is now: 29th March 2024 - 08:17 AM