Jim Dunbar, President of Aeox Financial Services Inc., announces the introduction of the Affirm MasterCard®, a new balance transfer credit card program – the first of its kind in Canada. *
Partnered with Peoples Trust Company, Aeox Financial Services launched the balance transfer MasterCard® and began issuing credit cards in January of this year. Aeox has two strategic debt buying partners already actively offering the card.
The primary objective of the card is to provide debt buyers and financial institutions with an alternative strategy for right party contact, cash collection and balance transfer when collecting charged off accounts.
Consumers respond well to the balance transfer offer because it provides an alternative means to resolve outstanding credit obligations while providing them a fully functional credit card, offered at competitive rates. The card offers the ability to use the transferred debt as an opening balance and new credit limit, with an ability of making payments to create open credit on the card.
The balance transfer strategy has proven to be an effective tool for debt owners in the United States for over a decade and an integral component of accounts receivable collection strategies.
About Aeox
Aeox Financial Services Inc. is a Canadian based company and is an innovator in the field of financial services. Aeox is dedicated to helping people resolve credit issues by offering competitive rate products and services that excel above the competition.