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TakeMyPayments to Cut Transfer Listing Rates in 2009

Monrovia, CA, January 08, 2009 --( With everyone facing hard times in today's uncertain economy, TakeMyPayments is taking the unusual step of reducing its lease transfer listing rates by 40 percent, beginning Jan. 1, 2009.

Fernando Garcia, CEO & Co-Founder, says the company posted its decrease in listing rates in an mass email to its current clients on December 8, 2008.

"We understand the laws of gravity," Fernando says. "It's very clear the economic downturn is impacting people all over the country ... . We felt we were in a position to respond to that."

Jerry Yu, TakeMyPayments', CIO, says the 40 percent rate reduction is the right thing to do to help those individuals wishing to exit their leases.

Fernando says everyone's tightening their belts so "we're willing to tighten our belts in terms of what we charge them."

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Myles Teague

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