Email from Cash Plus to some of its customers

This is a letter from Cash Plus

To Our Valued Clients,

The management and staff of Cash Plus Limited wishes to reassure our clients that despite the vicious and malicious rumors being spread by unscrupulous individuals who are averse to the progress of our organization, Cash Plus remains committed to its clients and continues to be a strong, sound and viable entity.

Cash Plus will not be deterred from our mission of ‘Building A Brighter Future for Jamaicans’.

However, it is clear that Cash Plus clients have been encountering difficulties, such as:

When a request is made for a manager’s cheque from financial institutions in the name of Cash Plus Limited, despite our consistency and proven track record, some clients have been blatantly discouraged from doing business with Cash Plus.

When Cash Plus presents a bank list to the various financial institutions with instructions to credit our clients’ accounts with their monthly consideration, a copy of the bank list is always stamped by the respective bank. However, much to our dismay, some of our clients have been experiencing delays in having the funds posted to their accounts.

THIS IS IN NO WAY AN INDICATION THAT CASH PLUS IS EXPERIENCING ANY DIFFICULTY IN MAKING THESE PAYMENTS. THE FACT IS THAT WE RELY ON THE BANKS TO POST THE MONTHLY CONSIDERATION TO OUR CLIENTS ACCOUNTS, AND AS SUCH, WE HAVE LITTLE CONTROL OVER THE TIMELINESS OF THIS PROCESS.

In order to resolve the above inconveniences being experienced by our clients, Cash Plus has decided to institute the following measures commencement during the month of December 2007:

a) All manager’s cheques obtained from the banks for the purpose of opening new account(s) and making additions should be made payable in the name of the person(s) whose name will appear on the Cash Plus Loan Agreement.

b) Cash Plus Limited has made arrangements with a reputable international financial firm who will be issuing an international debit card to all our clients. This will enable clients to have their monthly consideration deposited directly to their Visa or Master Card debit card. This International Debit Card will allow clients to:

(i) Transfer funds to their local bank accounts.
(ii) Pay for purchases at Point of Sale Terminals locally and internationally.
(iii) Withdraw cash from any ATM machine locally and internationally.

As a Cash Plus client, you have already passed compliance approval, and as such, you shall be granted automatic issuance of the Visa or MasterCard debit card.

c) For Cash Plus clients already in possession of a Visa or MasterCard credit card, the monthly consideration may be automatically transferred to these existing cards.

This easy payment programme will ensure immediate access to your monthly consideration.

In addition, a Cash Plus Communications Department has been put in place to keep clients up-to-date on the growth and progress within the Cash Plus Group on a timely basis, via e-mail.

We crave your indulgence in this growth process as we continue to ‘Build a Brighter Future for Jamaicans’.

Management
CASH PLUS LIMITED