We were trapped! A certain Investment company messed-up our date day. We were at the mall supposedly to unwind ourselves from the very tiring trip in Davao City… but the persistence and the sweet talked of a sales agent took our attention.What he promised to be a 15 minute product orientation turned to be a one-on-one 1 ½ hour discussion! For ethics and professionalism… we listen to the (not so well trained) agent who handled us . I thought it was another of No Exam Life Insurance
.. but it turned out to be an investment company. We were offered to invest our money to their “not so well-known”
company. We will pay a certain monthly amortization ( via credit card or check) to be paid for 5 years which we will received a bulk amount on the 15th year.
Being gifted in computing numbers and percentage, I found out that their investment scheme is not that profitable compared to the cooperative where we have invested our money. With them, I can have the full amount of the P 250,000.00 at the end of the 15th year while with our cooperative, we can reached that amount in a matter of 8 yrs. It was truly a trap for credit card holders… why? Because as soon as you will sign their documents, a down payment will be immediately charged to your credit. So fellows Kagay-anons.. don’t fall for this marketing strategy!