Hi guys, im a MBB 2 Gold Card user for a couple of years already.
Im not sure if its already been asked before or if this is the right place to ask. If not, appreciate if you guys could guide me to the proper thread.
Since the day i started to use MBB card, i always make sure that i make payment before the due date and the payment is more than the minimum payment required.
The problem comes early this year, since Jan to be exact. Due to current oil price, my previous employer decided not to extend my employment contract, and i left unemployed for a few months. Im also just had a baby few months before my contract ended. Since then, Im unable to pay the minimum amount required since FEB, IIRC. However, i tried my best to pay whatever amount i can every month, usually half of the minimum amount.
So for now, i have almost RM9k of statement balance and Rm800++ of minimum balance due on end of this month, and to make matter worse, I dont think that i can afford to pay anything at all this month.
On the bright side, u just been offered a job starting June, i think i can start paying normally starting end of June (even thou i doubt i can pay the minimum amount for the 1st month) and continue to pay off my debt.
My question is, what should I do before i could afford to pay my debt normally? Most probably starting July. The only option that i know is to convert all my statement balance to term loan. Anyone know how to apply for this conversion and what are the process involved?
Any other suggestions or advices are welcome.
Thank you.
Balance transfer to other banks and pay by installment.