Easy Payment Plan (EPP)

Have you heard about Easy Payment Plan(EPP)? Yes, it can be used for purchasing goods at the shops under the merchant. EPP is quite popular for purchasing goods at outlets selected where every transaction could be settled within 2 years and at zero interest.

Now, certain agencies are filling the loophole to take advantage. They will go around as financial consultants and help you settling your credit cards by EPP. The consultant says, he can arrange for EPP and create dummies at certain outlet registered under EPP with the intention of buying certain good that are never meant to be delivered. They genuinely settle your credit card balance with the bank. One can pay monthly instalment to the respective bank that issue the cards from 24 to 48 months. Yea...sound so much reduced in payment.

Mind you, the consultant tries to convince that he can settle the credit cards at much lower interest, 7-11% whereby the credit cards 17.5%. Yea...the transaction is quite genuine. He would contact the credit card centre and ask for credit card limit and also approval code. Anyway, at the end of the day, one ends up pay almost equivalent to the what the credit card bank is charging for. Hmmmmm...really no point to switch to EPP. So, anyone who is approached by the so-called financial consultant to settle credit card by EPP MUST think twice. BETTER TAKE PERSONAL LOAN!