We know for some of you, keeping up monthly commitment such as car and home installments really ticks and stress you out especially during the COVID-19 pandemic. It definitely feels bad to see the bank book numbers consistently draining for these payments. But, convertCASH is here to help lessen that burden.
Coming in as a fintech platform, its main offering is to help users settle their monthly car and home installments by paying for them first while the user will in turn pay convertCASH the remaining balance of the debt but without any interest for up to 45 days. To understand this in a simpler term, they are essentially another middleman service that helps you drag your payment terms for a longer time, given that you need some extra time and space to work through something else.
As a revolutionary service, there is no need to wait for approval as the app-based service is instant and only requires the user’s credit card as a guarantee mechanism. As enthused by Co-Founder Jason Bak, “No application needed, no loan, no borrowing” is how convertCASH is taking a brave and huge step into the fintech scene.
To try it out, just download the convertCASH app, register for an account, fill in the required details and you will be able to start utilizing the “We Pay for You First” feature. It should be noted that the maximum transaction that can be made is RM20,000 and users should monitor the limit and debt balance regularly to make sure nothing gets out of hand too much.
Personally, I think that this has more cons than pros, providing that you have the ability to properly manage your funds and avoid overspending but hey if it could take it off a load of your worries and burdens and allow you to improve or go back to a normal life, convertCASH is always here to help.
The app is now available for iOS and Android and you find out more about this interesting thing here.
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