ezpayment2u pdf

EzPayment2U.Com - http://www.ezpayment2u.com (Visi Sufi Enterprise – 0173367678 / 0193355399)

UPDATED July 2010 | EzPayment2U – 0173367678 / 0193355399 | YM/Skype: ezpayment2u | http://www.ezpayment2u.com | of 13

Customer must bring:

Credit Card (Principle Card & Supplementary card) I/C Latest Credit Card Statement Info needed: Total Balance Outstanding, Allocated Credit Limit by bank, Credit Limit balance,

Bank name, Card status Kind of Customers

Settle credit card outstanding problems Cash Withdraw / Cash Advance Settle credit card outstanding problems and cash withdrawal

FAQ Frequently Ask Questions

Who Should Apply for Easy Payment Plan?

o People who need to pay outstanding balance with lower interest rate o People who need cash advance and payback with lower interest o People who need cash urgently to expand their business o People who are not eligible for loan o People who need to facilitate easy payment scheme for their potential customers

What kind of company EzPayment2U is?

We are neither ‘Ah Long’ / loan shark nor we are banks or any financial institution, EzPayment2U is a company which offering facilities related to easy payment plan for personal and commercial uses.

Why consumers choose EzPayment2U? Click here to refer benefits of doing Installment.

How can EzPayment2U help me in restructuring my credit card?

We will convert all your outstanding balance into Easy Payment – 0% Interest Installment Plan so that you can reduce your payment amount every month and settle your outstanding balance in shorter period. Have you ever read at the back of your credit card statement every month? Refer here for example.

How can EzPayment2U help me grow my business? We will provide Easy Payment – 0% Interest Installment Plan to your customers so that they still can buy or get the service from you while they can pay installment every month to bank. Refer to comparison table between payment thru bank vs epp here

Do we need to pay anything to EzPayment2U?

There is only one time Management Fee need to be paid (charged from credit card and NOT from your cash), After that NO maintenance fee, NO extra charges, NO hidden cost.

How long to get approval?

Cash Advance from credit card: Normally within 3 hours (per case basis) Credit Card Refinance / Restructure: Normally within 5 days (per case basis)



Comparison between Normal Credit Card Rates with Easy Payment Plan

Bank Easy Payment Plan (EPP)Minimum Payment

RM10,000 x 5% = RM500 RM10,000 / 36 = RM277.78

RM277.78 x 5% = RM13.89

RM50 or 5%

RM50 or RM499

Bank officer will keep calling

RM50

No call from bank officer

Interest Charges

after min payment

RM10,000 – RM500

= RM9500 x 1.5%

= RM142.5

RM277.78 – RM50

= RM227.78 x 1.5%

= RM3.42

Late Charges RM10,000 x 1% = RM100

RM277.78 x 1%

= RM2.78 (RM10)

Statement Balance Statement record outstanding balance

RM10,000

Statement record outstanding balance

RM277.78 monthly

Repayment Period 89 months to settle all outstanding 36 months to settle all outstanding

12 mth 24 mth 36 mth Monthly Monthly Monthly

18%

1.5%

0%

36%

1.5%

0%

54%

1.5%

0%

5% 16% 27% *Management Fee is different according to credit card issuance bank (refer to table HERE)

0% 0% 0%

SAVE

EPP Rate

Normal Credit Card Interest Rate

(Management Fee)* (13%)

(1.08%)

(20%)

(0.83%)

(27%)

(0.75%)

ONLY 10% p.a.

ONLY 9% p.a.



Benefits of transfer

1) Saving up to 12% interest per annum

2) Reduce minimum payment up to 44.4%

3) Able to settle the outstanding balance within 3 years

4) Allow to pay for the minimum payment of the monthly installment

5) Refresh record for increasing credit limit

6) Can save 6.5% before Management ( minimum payment 5% and interest 1.5% )

7) 100% approval **

8) No cash advance fee

9) Collect points

10) Allow transfer from one bank to another bank or within the same bank.

11) In case of early settlement, some bank only charge around RM50 and RM100, some may not

charge at all

* 100% Approval is subjects to the credit card is active or temporary block only * Not applicable for those credit card is Permanent Block and Cancelled Calculation Formula Amount (RM) – Management Fee (%) – Settlement Amount (RM) = Paid (RM) Monthly Installment = Amount / Installment Months

SCENARIO 1: Clean Credit limit = RM10000 Outstanding balance = RM8400 Installment Amount = RM10000 Management Fee = 16% for 24 months =RM1600 Settlement Amount = RM8400 Amount to be paid = Installment Amount –Management Fee (%) – Settlement Amount Amount to be paid = RM10000 – RM1600 – RM8400 = 0 Monthly Installment = RM10000 / 24 months = RM416.67 monthly



SCENARIO 2: Credit limit balance not enough to cover Management fee Credit limit = RM10000 Outstanding balance = RM9799 Installment Amount = RM10000 Management Fee = 16% for 24 months =RM1600 Settlement Amount = RM9800 Amount to be paid = Installment Amount – Management Fee (%) – Settlement Amount Amount to be paid = RM10000 – RM1600 – RM9800 = (- RM1400)

Customer pay to EzPayment2U RM1400

Monthly Installment = RM10000 / 24 months = RM416.67 monthly SCENARIO 3: Outstanding balance is more than credit limit Credit limit = RM6000 Outstanding balance = RM6015 Installment Amount = RM6000 Management Fee = 16% for 24 months =RM960 Settlement Amount = RM6020 Amount to be paid = Installment Amount – Management Fee (%) – Settlement Amount Amount to be paid = RM6000 – RM960 – RM6020 = (- RM980)

Customer paid to EzPayment2U RM980 Monthly Installment = RM6000 / 24 months = RM250 monthly



SCENARIO 4: Credit Card has limit freezing on easy payment and cash on call Credit limit = RM10000 Outstanding balance = RM2500 Limit Hold for Easy Payment = RM3500 Limit Hold for Cash on Call = RM1000 Installment Amount = Credit Limit – Limit Hold

= RM10000 – RM3500 – RM1000 = RM5500

Management Fee = 11% for 12 months =RM605 Settlement Amount = RM2500 Amount to be paid = Installment Amount – Management Fee (%) – Settlement Amount Amount to be paid = RM5500 – RM605 – RM2500 = RM2395

EzPayment2U paid to customer RM2395 This cardholder has limit freezing on easy payment and cash on call Limit Hold for this case cannot do early settlement Amount = Credit Limit – Limit Hold RM10000 – RM3500 – RM1000 = RM5500 SCENARIO 5: Card is temporary block by bank Credit limit = RM10000 Outstanding balance = RM7800 Installment Amount = RM10000 Management Fee = 19% for 36 months = RM1900 Settlement Amount = RM780 (for card activation) + RM7020 (balance after activation) = RM7800 Amount to be paid = Installment Amount – Management Fee (%) – Settlement Amount Amount to be paid = RM10000 – RM1900 – RM7800 = RM300

EzPayment2U pay to customer RM300

This card has been temporary block by the bank Minimum payment for activate back the card is RM780 Company will do 2 times for the settlement First company will pay RM780 and second settlement is the balance of RM7020



SCENARIO 6: Using Easy Payment Plan (EPP) to get cash advance Credit limit = RM15000 Outstanding balance = RM0 CCE Installment Amount = RM5000 Management Fee = 11% for 12 months =RM550 Settlement Amount = RM0 Amount to be paid = Installment Amount – Management Fee (%) – Settlement Amount Amount to be paid = RM5000 – RM550 – RM0 = RM4450

EzPayment2U pay to customer RM4450 Card allocated credit limit is RM15000 and the cardholder wants to do cash advance out for installment plan SCENARIO 7: Cardholder only want to settle some of outstanding balance Credit limit = RM30000 Outstanding balance = RM29500 Installment Amount = RM15000 Management Fee = 14% for 18 months =RM2100 Settlement Amount = RM14500 Amount to be paid = Installment Amount – Management Fee (%) – Settlement Amount Amount to be paid = RM15000 – RM1950 – RM14500 = - (RM1600)

Customer pay to EzPayment2U RM1600 This card have credit limit of RM30000 But the cardholder only wants to do the installment amount for RM15000 only Depends on the cardholder budget for the upfront interest



SCENARIO 8: Outstanding balance is over credit limit. Cardholder just want to utilize Easy Payment Installment for certain amount only part from the allocated credit limit to settle some part only of the outstanding balance. Credit limit = RM20000 Outstanding balance = RM20100 Installment Amount = RM10000 Management Fee = 16% for 24 months =RM1600 Settlement Amount = RM10100 Amount to be paid = Installment Amount – Management Fee (%) – Settlement Amount Amount to be paid = RM10000 – RM1600 – RM10100 = - (RM1700)

Customer pay to EzPayment2U RM1700

This card over limit But the cardholder only wants to do the installment amount for RM10000 only Depends on the cardholder budget for the management fee.



CUSTOMER SERVICE PHONE NO Bank Contact Short Cut Key

AFFIN 03-55148410 ALLIANCE 03-55169988 1 – H – 0 AMBANK 03-21788888

03-21786600 1 – H – 0

CIMB 03-62047799 / 88 1 CITIBANK 03-23830000

04-2960000 1 – H – 2 – Card No – 1

EON 03-26161188 / 33 1 – 1 – 0 HSBC 1300-88-1727 1 # HL 1800-38-8830 1 – 0 – H ISLAM 03-26900900 2 – 5 – I/C NO MBB 1800-88-2838

1300-88-6688 1800-88-1801 (Platinum)

2 – 3 – 02

MBF 03-21677600 04-2299755

1 – H – 0

OCBC 1300-88-5000 1 – 0 – 2 – Card No

PBB 03-21768000 03-21768333 (Platinum)

1 – H – 8

RHB 1800-88-1166 1 – 1 – 4 – 1 – 3 S/CHARTERED 1300-88-8888 1 – 0 – 1 UOB 03-26128121

04-2401121 1 – 0 – 2

MOBILE MONEY

1800-87-9996 / 7 / 8 Transaction EPP36#24260155#1000#123456 SEND TO 66123 EPP[easypaymentperiod]#[merchantno]#[amount]#[pincode] Checking Pin Code MMPIN SENT TO 66123

1 – 0 – H



Management Fees Rate

BANK 12 months (min RM) 18 months (min RM) 24 months (min RM) 36 months (min RM)

EON 13% - 1000 (save 5%) 22% - 2000 (save 14%) 27% - 3000 (save 34%)

MBB 13% - 1000 (save 5%) 18% (save 9%) 24% - 2000 (save 12%) 33% - 4000

RHB 13% - 1000 (save 5%) 22% - 2000 (save 14%) 33% - 3000

PBB 13% - 1000 (save 5%) 22% - 4000 (save 14%) 33% - 3000

HSBC 13% - 1000 (save 5%) 26% - 1000 (save 10%)

HLB 13% - 1000 (save 5%) 26% - 2000

90% A. LIMIT (save 10%)

OCBC 26% - 1000 (save 10%)

33%(CASH OUT ONLY)

AMB 13% - 1000 (save 5%) 22% - 2000 (save 14%) 27% - 2500 (save 18%)

ALB 13% - 1000 (save 5%) 22% - 2000 (save 14%) 33%

SCB 13% - 1000 (save 6%) 22% - 2000 (save 14%) 33% (save 33%)

CITI 14% - 1000 20% - 1000 (save 7%) 26% - 3000 (save 10%)

CIMB* 14% - 1000 (save 5%) 26% - 2000 (save 10%) 33% - 8000

MBF 15% - 1000 (save 3%) 18% - 1500 (save 18%)

UOB 13% - 1000 (save 5%) 20% - 1000 (save 7%)

BSN 13% - 1000 (save 5%) 22% - 2000 (save 14%)

BANK ISLAM 13% - 1000 (save 5%) 22% - 2000 (save 14%)

AFFIN BANK 13% - 1000 (save 5%) 22% - 2000 (save 20%) 27% - 3000 (save 34%)

* CIMB – 26% (30 month) – Cash Out ONLY



SAMPLE TRANSACTION SLIP



SAMPLE TRANSACTION SLIP & STATEMENT RECEIVED

ezpayment2u pdf

Documents

credit card issuance

ezpayment2u http

credit limit balance

management fee credit

normal credit card rates

clean credit limit

allocated credit limit

installment plan