Some time ago I mentioned the EzyCash advertisement that came in my mailbox - purportedly offering a loan deal that would essentially cause the borrower to pay more than they needed to. When I referenced it at the time, I believe I actually sent an email to the good people at Singpost to see their reaction. Of course, them being steeped in bureaucratic history, they ignored my email and pretended it never happened.
Well, last week, I noticed a similar advertisement flyer in my mailbox and was tickled to note that it now reflects the figures for a $8,000 and $10,000 loan, omitting the $6,000 loan that had the anomaly in the original flyer (see comparison below).
Well, last week, I noticed a similar advertisement flyer in my mailbox and was tickled to note that it now reflects the figures for a $8,000 and $10,000 loan, omitting the $6,000 loan that had the anomaly in the original flyer (see comparison below).
EzyCash Advertisement received in August 2010
EzyCash Advertisement received in April 2010Seeing as how they've left out the figure instead of correcting it in the new version of the flyer, I suspect that the confluence of loan amount and interest may be creating a monthly installment that is higher under the 'special offer'. If that is the case, then I really feel sorry for those who took up the $6,000 loan offer without realising that the monthly installment would be more and hope that they do pursue the matter with Singpost - God knows the corporation is certainly not going to come out to apologise and make restitution.