hi all,

please help me manage on my below 9 product/facilities DEBT.


format ( current outstanding/total loan | Year started loan | tenure | monthly payment )

CAR LOAN (HP)
HLB RM45,XXX / RM69,100 | 2012 | 9YRS| RM784

PERSONAL LOAN
BRRK-I RM103,XXX / RM110,000 | 2015 | 10YRS | RM1538
MBSB-I RM76,XXX / RM80,000 | 2013 | 25YRS | RM533
HLB-I RM30,XXX / RM30,000 | 2016 | 5YRS | RM715



CREDIT CARD (current outstanding / total limit | 5%)
MBB RM12,888 / RM12,000 | RM6XX
BRRK RM2,100 / RM3,300 | RM15X
RHB RM5,800 / RM7,000 | RM30X
HSBC RM6900 / RM8,000 | RM35X
AEON RM11,000 / RM12,000 | RM55X

AH LONG @ LICENSE MONEY LENDER
RM12,000 CASH OR RM3,200 FOR 6 MONTH



TOTAL = RM331,000 (exclude AHLONG)




SALARY = RM8,000 (AFTER DEDUCTION IS RM6,500 NETT)


other commitment
UNIFI RM179 + GST
DIGI RM180-RM200 (POSTPAID)
TNB+SYABAS RM150-200
AIA INSURANCE FOR FAMILY RM200
KIDS / KINDERGARDEN FOR 2 RM1,000
COWAY RM1XX

non-fixed
VEHICLE SERVICE RM100-RM150
TOUCH AND GO RM100-RM200



summarize;

BANK COMMITMENT
LOAN RM2788
HP RM784
AHLONG RM3,200
C.CARD RM2,000

FAMILY COMMITMENT / TO SURVIVE
RM2,500 (all above)

exclude toll, petrol food etc


The CHALLENGE is to reduce total product/facility going to AKPK as much as possible.


current self-approach (call banker 1 by 1)
1. MBB CREDIT CARD = willing to convert to fix term..4.95% pa.3yrs..monthly rm306 BUT need to reduce/cash paid limit below 80% (RM9,600 ) then able to convert
2. HSBC CREDIT CARD = 9-12% up to 5yrs but will approval/checking records
3. AEON CREDIT CARD = manager will call back since the facility (convert credit card to fix term) already been terminated recently (2016)
4. RHB CREDIT CARD = NO as stated by call operator
5. BRRK CREDIT CARD = no need , outstanding 2k can settle (after i cash out others credit.card available..perhaps?)
6. BRRK PERSONAL LOAN = need to meet manager at branch (will do)
7. HLB HP & HLB-I PERSONAL LOAN = call no answer, need to go branch
8. MBSB PERSONAL LOAN = call no answer, will re-try


really appreciate if someone in LYN forum able to offer some OUTSIDE 1 big loan to cover all above loan
(10-20 yrs tenure)
plan to get OUTSIDE/NON bank loan , settle all debt , get low/clear commitment as per CCRISS report, buy a house using bank loan, after 5 years refinance house, pay lump sump outside loan

FYI, this month-end i will go for AKPK. Already met then before (but not registered yet) .

Holy... Good luck bro, help you bump.

I am in shock too , so much debt . I would advice to get AKPK to help you out .

wow..

how abt cost cutting first
UNIFI RM179 + GST ->try postpond/terminate/say move house to somewhere with no unifi
DIGI RM180-RM200 (POSTPAID) ->change to prepaid, max allowance rm30/month
TNB+SYABAS RM150-200 ->stop using aircond
AIA INSURANCE FOR FAMILY RM200 ->dont change
KIDS / KINDERGARDEN FOR 2 RM1,000 ->change to cheaper option?
COWAY RM1XX ->terminate/postpond

this can offset at least rm180+rm200+100+100 almost rm600 per month
use your car for uber/grab and add perhaps another rm500 of income

pay debt that has highest impact/interest
i guess it should be the along one.
heck i would even take cash advance from cc to pay out this one first.

then tackle the credit card one.
pay off the smallest first/highest interest one first
convert to term loan/balance transfer to lower interest one



This post has been edited by fireballs: Jan 12 2017, 12:41 AM

UNIFI can downgrade back to Streamyx back?im IT person..remote/VPN/high speed internet is part of my life
DIGI = good suggestion..will do it
TNB+SYABAS = can't help..baby need to have aircond else wont comfortable..fan wont help..outisde have bad weather.
KIDS / KINDERGARDEN FOR 2 RM1,000 = its the cheapest since it cost for 2..one of it infant..market now is RM500
COWAY = will do .thanks

Go AKPK and surrender yourself...

Then, AKPK will total up all loans (except housing and car loan if not mistaken)... give you minimum interest and up to 10 years return period....

However... for those 10 years, cannot create anymore loan/debt. Your name will be quarantine....so, can purchase house, new car, cannot use credit cards...

It helps.. trust me...

开源节流 = open new income, shut expenses

Salary 8k, borrowing 300k

Means even if half your salary go to repay loan, you still need 8 years to repay. Instead of going to AKPK or consolidate your loan, you may be better off go the bankrupt route

Repay the ah long so they dont kacau you and your family. Make yourself bankrupt. Suffer for 5 years. After 5 years, apply to discharge your bankruptcy

AKPK is the way to go for you. But they do not deal with Along so you need to find a way to pay them yourself

The loan amount look normal to me, until i see the CC outstanding amount! *shocked* Even for MBB its higher than credit limit.. TS mind to share what did u use those CC high spending for..

Just like others mention, can try settle one by one debt start from the lowest, using monthly allocation saving. Iinm its called snowballing method. I think 2 or 3 CC which amount 2-6k can be settled soon with high discipline and cut unnecessary monthly spending.

This doesn't look like a normal case of accidentally used too much money/gambling/whatnot.

I suspect it's your lifestyle that is the issue here. I suggest going to AKPK and settling your loans then start fresh.

Don't even think about finding short cut/short term solution like what you already have in mind - taking a one big lump sum loan and later refinancing your house - this does not solve your problem, but merely delaying it. Worst of all, if you can't pay off your loan commitments now, what makes you think you'll be able to pay the refinance of your house later on?

Most probably you won't be able to and you'll lose the house, which is bad because you've got a family.

AKPK and stick to it, clear everything the hard way and then stick to your finances.

You can try to do balance transfer for all your CC cards into one particular card/bank and start paying monthly based on the new monthly payment of those lump-sum outstanding balances transferred.

with that wage you can can support a 100k car loan and a half a million house and monthly repayment of 1400 myr easily bro. that's what I'm paying on my side so good luck

Bro, look at all his cc limit is almost max out.. how to do BT?

I'm really curious on what he did with all his Personal Loan money..

I urge you to go to AKPK. It is the only way you can restructure your debts.

As for your Ah Long situation, you may want to borrow money from everyone and settle that immediately, as AKPK does not recognize Ah Longs as official money lender.

All the best

Then better go apply another 500k and bankrupt?
300k also bankrupt, 800k also bankrupt.. Might as well bankrupt with some cash lo

QUOTE(remy_tailo @ Jan 12 2017, 12:40 AM)
UNIFI can downgrade back to Streamyx back?im IT person..remote/VPN/high speed internet is part of my life biggrin.gif -->use your time to uber/grab instead of watching internet. streamyx not cheap also. dont bother. ..is not that i don't want to..but since i were working in IT Banking sector..weekend also need to standby..else any issue on transaction, people wont able to withdraw their money (i'm back-end coder)

DIGI = good suggestion..will do it -->change to umobile. free 1gb each month. sufficient for basic use at rm30 with 214minutes of calls.
was using UMOBILE..but coverage not good since i staying at beranang..

TNB+SYABAS = can't help..baby need to have aircond else wont comfortable..fan wont help..outisde have bad weather. -->move everyone to one room. set room temp to 27. this should lower at least rm50.
done..current 2 months able to reduce RM30-RM50

KIDS / KINDERGARDEN FOR 2 RM1,000 = its the cheapest since it cost for 2..one of it infant..market now is RM500
-->kindergarden is not compulsory. if wife not working, ask wife to teach. if die die must go, send only at final year.

wife working..if not why i should sent to kindergarten? parents? passed away already.

COWAY = will do .thanks
-->check out where they dont have service and claim you are moving there. check how much to break contract.


you will ask..why wife not helping? bcoz she had 2personal loan, 1 car loan, 2 credit card and 1 housing loan
why we got a lot of personal loan? to survive..given a best food,education,cloths all for kids and wife since we doing all at own (relatives too busy with their own business)

why too much? this loan since 2010 untill now.


*
开源节流 = open new income, shut expenses

not prefering to do..if U are executive / professional especially working in banking sector, brankrupcty is a taboo..management will look on you..perhaps next job you will not get..btw this is my 7th job change for 6yrs..since banks now keep firing people..

what make u so high debt? mind to share?

the reason i do apply AHlong is because no relative helping me at first hand..since my wife given birth my 2nd kid recently..cost for delivery , confirment etc..parents?her mother ady passed away 1mon before she deliver my 1st son..starting that time, we struggle ourself till now

Stop being delusional.

YOU CANT AFFORD TO GIVE YOUR FAMILY THE BEST LIFE.

The way your life is heading, you're not giving your family a good life, you're giving them mountains and mountains of debt.

Go to AKPK and stop living in luxury.

surviving bro..
when u married..and you dont want to susahkan your parents..you move out to find new house.
when ur wife pregnant..need parents (esp her mom) but she passed away 1mon before..need to cash/hire confirment lady
when ur wife pregnant 2nd time (after 2yrs gap)..then urself been fired from job..and jobless for 3 months..monthly paymnet car etc?credit card
keep continuing.

nowdays relatives mind their own business..if do help,, they will keep repeating and told whole world about their helpling..indebt etc

if possible, dont go into bankruptcy. it affects your future everything including job and opportunities.

its true..akpk is last resort..now finding some way to solve all above

Holy F I cringed hard upon reading your post.

Just here wishing you a good luck

ady meet them
but my case quite difficult.

BRRK-i islamic ..since it islamic loan, BRRK will not cooperate with AKPK..worst case the monthly will be increase more than i didint do AKPK
MBSB ..same case..monthyl will be up..or dragged more years..25 yrs currently is quite long

after roughly calculated by the akpk, the amount monthly need to pay is RM3600 including c.cards for tenure 10yrs (before AKPK RM3500 without credit card)

only the concern is akpk for 10yrs rm3600..non-akpk is rm3500 but without credit card and no tenure
both way didnt solve ahlong issue

This post has been edited by remy_tailo: Jan 12 2017, 10:30 AM

I seriously think this is not the case bro. I am married too, so I understand all your problems.

But seriously, for a guy who works at banking sector, you suck so much at planning your finance. I mean, just look at your car, I can deduce you are the type of person that doesnt want to drive Malaysian car, am I right?

You should have a planning, and think for long term. You should also have saving in case anything (like you mentioned) happens. I know it is easier said than done, but hey, you dont want to keep going down this road.

My serious advise:

1) just go to AKPK. I doubt any financial institutions could help you now.
2) Seriously downgrade your life. And start saving. Just because you earn 8k, you dont have to live like you earn 8k! Learn to live like you just started working, for example? And your wife must support you in this. By support I mean she must be willing to downgrade her lifestyle too.
3) Find a financial planner who could help you to plan your finance. Search someone like Alwi Adam or Afyan Rawi on FB.

steps:
1. cut expenses
2. increase income, do part time earn usd
3. setel the along in full. never drag
4. setel the brrk since thats the lowest one
5. proceed with the next highest interest rate item.


dont skimp on payments to
house, car and insurance.

dont sell house unless really no choice. once u sell you wont be able to buy back at the same price. and i doubt bank will allow refinance since ur credit already calar

Seriously this a lifestyle problem.
Even if you can earn an extra few k a month will be pointless without changing your spending habit.

On the 2nd child part, why go for it if you are already struggling with a first child. Borrowed loan for hospital fees, confinement lady? its already a RED warning bro.
Condom is way cheaper in this case wouldn't you agree?
Its your CHOICE and now you need to HANDLE it.

My message are intended to those reading this post and yet to fall into these debt traps.
If no money/saving - go for condom.
if no money/saving - go for gomen hospital.
if no money/saving - no confinement lady or whatever. its an over-hyped and over-price luxury anyway.

I wish you all the best!

EDITED:
Sorry if in anyway i offended you.
Not adding any advice as the previous posting by fellow lyn already good and sufficient.

This post has been edited by Tokok_King: Jan 12 2017, 02:00 PM

You should only take loan for car/house/business/tertiary education/life death situation.... full stop

Going forward, the hard part is not how you are going to pay your loan but how you are stop your high lifestyle addiction

My first advise wud be change ur lifestyle. Kids kindergarten just send to gomen kindergartenm

Phone line use umobile cheap2 wan enuf, or webe

Unifi terminate terus. Tether mobile data enuf

Coway can terminate. Just buy philips filter at senheng sufficient for drinking water


Settle your ah long first

Followed by PL

Cc can settle last

Wat the hell u spending on man loan till that much. Ita lifestyle bro.. Lifeatyle

Change it or things will repeat again

i got to say i am strongly disagree with your kind of mindset, relatives do help relatives, but when you can't even manage to help yourself how you expect relative to help you? Refer to my post and you can see i am a very good example of by helping a relative of mine, what do i get in return? Serious damage to my own CCRIS by helping people? This is why good people become lesser with your kind of mindset and lifestyle

https://forum.lowyat.net/topic/4172620

Bro, my 1st advice to you would be to settle what ever outstanding you have with Ah Long. Trust me, these guys are ruthless and for your families safety and yours, pls clear that off.

Then head over to AKPK immediately to restructure your debt.

Your debt seems to be pilling up and its a matter of time that things get messed up. not scaring you or anything but pls get things sorted out asap

Exactly this speaks out the very true root of cause of high debt with TS...worst part is, one still giving excuses and refuse to face the facts that things are actually having much serious effects to the future of family + kids probably in decades to come...this is nothing more than a total epic failure in personal finance management..

Change your lifestyle, LIVE FRUGALLY. That's the only advice i can give.

All those lifestyle patterns and unnecessary expenditure are just commercial marketing strategies that want you to spend more, stop the addiction and dreaming!

Dun want to get too harsh, just hope that you'll wk up and realize the core problem lies in you urself..

Good luck.

bro, you really have to face up reality. Even with kids there are certain things that you can cut. Not a silver bullet but some things you can do:

1. Home cook food. Don't go for fancy restaurants.
2. Stay at home during weekends. You have high speed connection, make use of it to entertain yourself. Play with kids.
3. Cut spending on kids. Look for pre-loved stuffs. Not everything has to be brand new.
4. Take public transportation. Stay at home more often.
5. Reduce usage of aircond. Too much will be a problem for your kids as well.
6. If die die need to eat out, choose cheaper alternatives like mixed rice.
7. Got nice car, go drive uber or Grab.
8. You're an IT guy, go and contract some part time jobs (eg. develop websites)
9. Talk to company HR see if they offer financial assistance
10. Withdraw from EPF - AKPK can help with this i think.

You will know what you spent on the most. Look at your cc statement or download app to track your spending. Cut them or reduce them gradually.

Clear off the ah long debt. what were you thinking? You have family and kids ler. Don't think it is wise to drag them into the dirt with you.

This post has been edited by 3antz: Jan 12 2017, 03:10 PM

Your only hopes is AKPK or declare yourself bankruptcy.
Unless you Kena lottery.

this ++++

- downgrade lifestyle, like very2 downgrade as same person who got salary with 2-3k permonth.
- if own that house, and if the rental much higher than monthly loan, rent it and move to other cheaper rental house, even a flat would do. if it would save u few hundred per month, would be better
- sell the car and buy cheaper car. but might be problem to buy it again since ur credit score rosak edy. unless u buy with cash, cheap and old proton car. ( wira, waja etc)
- if dont want sell car, do uber/grab car at night and weekend.
- cook at home, bring lunch to office. stopping drinking expensive things, plain water should do.
- find anything in ur house that u dont need it, sell it. even ur furniture etc
- aircond, normally want i do to save, is to set at 29-27c, then turn on fan, this will make u feel chill since the air keep moving.. and limit the usage around 6hours per day. so far my bill around 50-70 per month with 6hours daily usage of aircond,
- phone bill, even i also using rm60 just for prepaid including data quota. seeing u as IT guys, i think ur company should able to do telephone/internet claim allowance ? since i also IT guys, and i can get phone/internet allowance.

In fact it is.

A few years ago I have a customer which my company supplied goods to him. Over a few months, he ordered more from us compared to previous months. Then overnight we hear his shop is taken over by another person. He was a very good paymaster before this happened. Almost all suppliers kena trapped by him. Eventually we heard he owed banks about 2m. And became a bankrupt.

1 year later, my salesman met him at a coffee shop. What you said above is what he told my salesman

He planned his bankruptcy. I think he was the winner in this legal and banking system which he took advantage of the loophole

This is too much bro, stop telling your brain that you're wealthy enough to endure and pay all loan.
Go get apk for restructuring, obviously you are covering loan with loan, this won't solve your problem.

settle with loan shark first and downgrade other commitment, accept the fact that you're fail, no need to send kids to expensive kindergarten

wish you will not losing your job.. best of luck

This post has been edited by xixo_12: Jan 12 2017, 04:25 PM

I see. Nevertheless, I hope you find a way to get yourself out of the ah long situation. It's the only thing AKPK will not help with.

All the best!

kinda relieve to hear that its not due to gambling

stray strong bro.. be committed and you can get out of this mess.

i did helped my relative before with a small loan... reason? use creditcard till pokai also. buy luxury buy dog. no self disiplin better dont have any credit card at all.
lesson learned and got out of crisis in a much better shape.

i pity TS but key here is affordability

measure your size. don't spend what you can't afford

always set aside savings before spending

many replies here already hv good suggestions on spending pattern & lifestyle changes you can make

i wish TS all the best & pls pay the along first

pay off ah long first, if not it's gonna ballooned into a even bigger number.

for the other issues, the rest have already mentioned.

earn RM1, spend RM0.8 (max) save the RM0.20.

you're on the opposite, earn RM1, spend RM2 pulak...

Even those companies not in the banking sector would be reluctant to hire a bankruptcy to be in charge of any business units/departments. There was even a case I personally came across where the management bypass a lower rank employee and not promote him to supervisory level because he was known to bet heavily on 4d every week.

I concur too with other comments that you are living beyond your means. 8k is not a huge salary especially when you are living it up like you are earning 12k and above. Not sure whether your wife is working or not, but it do seems like both of you were spending as if there is a double income of 20k or more per month, otherwise how else could you rake up a debt of about 300k.

And this 300k debt does not include your "wife's housing loan".

7th job in 6 years and there is no savings for any emergencies... I really feel bad for you. This can get even more serious if you are jobless again. Think carefully your next step.

If you have yet to share these financial shotcomings with your wife, maybe it is about time to share it with her and work it out together with her; which btw. in a marriage, there is no such thing as "she had 2 personal loan, 1 car loan, 2 credit card and 1 housing loan" as if you and her are personally and individually responsible for the loans under your own individual names. It will be tough to have any plans or budgets when the left hand do not know what the right hand is doing.

3600 AKPK including credit card per month is quite reasonable what. You still have some balance after paying AKPK, should be enough to pay for ah long. Then your family expense you just have to cut it down and share the burden with your wife la.

Damn......speaking as a married man with one kid myself, this is like a freaking nightmare for me.
I ran into a bit of a financial trouble many years ago (but nowhere near this order of magnitude), but luckily I had no kid yet at the time.
That was the most stressful period of my life, and I wish with all my heart that I never have to face that situation ever again.
But I agree with all the commenters here......TS really does seem to be living way above his means and without proper financial planning.
It's not the end of the world, but some adjustments in lifestyle is definitely needed.

put down the ego to show 'the best' to family.. need to face the reality the money figure is not able to cope the lifestlye..

just go to akpk asap..

http://www.daveramsey.com/blog/get-out-of-...t-snowball-plan

Try use this and to track your debt use unbury.me

Good Luck TS.

good to share..

Bro, you (and your wife) need to start taking responsibility on your spending and acknowledge that it is your financial mismanagement that has caused this ultimately. This should be your first step. Then, learn to budget and spend within your means. No one can spend more than what he/she earns. Don't justify this by saying you have 2 kids and no help from relatives. I hate relatives who borrow money from me. Not because I don't like to help. But because I am the last debtor they will pay back, and without interest, and for God knows how long.

This post has been edited by timetokill: Jan 14 2017, 02:51 PM

update:

seek for AKPK - waiting for appointment date
as for now, i'm doing/proposing a repayment timetable which applying snowball technique (if it is successfully) , manange to clear all debt for 8 years max instead of 10 years as per AKPK proposed.

Car loan - called HLB bank for restructuring loan, bank propose/able to reduce around RM5xx monthly but tenure reset back to 9 years. solution: stick with RM784 monthly for another 4years balance.

Personal loan
Bank rakyat-i : submit application for restructuring . bank no reply/too slow/no update until now - solution : AKPK
MBSB : called but advise not to restructuring since the monthly payment is RM533 for 25 years.if restructure will take longer time - solution : AKPK
HLB-I : went for HLB. not applicable to restructure since the loan applied less than 6 months and interest is low from current market (applied during promotion) - Solution : AKPK

**as per now , i'm holding current month payment for above personal loan ..for backup..at least around RM2,500 emergency saving ..since it will go to AKPK btw..


Credit card
MBB : went to bank. able to restructure for fix term 36mons with around 5% P.A. need to convert to islamic credit card, perform balance transfer and convert to term loan..such a long process..as per latest (CRISS checking), saw bank did something/applied for islamic card for limit RM50,000? instead i'm only having RM12,000 outstanding...let see what is goes...
AEON : the service (conversion from credit card o/s to fix term) alreadly been discountinued on 2015 due BNM rule. AEON is not a bank but it is a financial instituition. - solution : AKPK
HSBC : not applicable to convert - solution given by HSBC itself : seek AKPK
RHB : same as HSBC
BRRK : o/s is only around RM2,000..maybe i do full settlement.

** for all c.card above..withdraw cash to maximum..able to settle down some bills and school fees etc..then go to AKPK or term loan

AH LONG - settled down : pinjam wife..but need to pay back monthly term (transfer to her saving since using our child savings/emergency)
UNIFI - can't help. using it
DIGI - convert to lower package , save around RM20-30 only
TNB+SYABAS - use only 1 aircond and 2 fan instead 2 aircond - save around RM50-RM80
AIA INSURANCE FOR FAMILY RM200 - can't cut..it is important

KIDS / KINDERGARDEN FOR 2 RM1,000 - can't cut..its the lowest
COWAY - get the lowest RM120


do part time/weekend for below service (call or pm me)
- format PC /Laptop
- IPTV /android box selling
- IPTV /anndroid box ONSITE/come to house setting - for UNIFI with white box
- MYIPTV underground IPTV seller
- topup seller
- other small online bussiness

Net Disposable Income RM 986.25
Current Installment RM 4475.00
Unsecured AKPK able to assist you to restructure your installment to RM 2345.40
THE PROPOSED INSTALMENT AMOUNT ILLUSTRATED HERE IS NOT FINAL. THE REPAYMENT AMOUNT MAY CHANGE SUBJECT TO THE ASSESSMENT CONDUCTED DURING COUNSELING SESSION

**missout the HLB-i Personal loan..will inform later when the appointment

Your wife working? she can help out too. Any relatives can take care of your kids while both working?

Already help on AhLong part..
For salarywise..she ady full comitment as my previous post..

Relative help? As mentioned before..none..they too much busy with their own family self (as i mentioned before..i didnt ask them to help me on monetary)

Monetary help from relatives? My current salary = 3 family of relatives perhousehold income.(at least they got BR1M)

No rent.. no housing loan. Do you own your house?

Seriously your kid cannot sleep without aircond ? Must be you teach them since baby, so get used to it

I only on my aircond on weekend afternoon, and only 4-5 hours...teach my kid live without aircond

And how far is your office and house ? If really want to save money go work by motorbike, it's not that dangerous as what people think, save petrol, toll and parking fee

This post has been edited by MohdPuskas: Feb 1 2017, 10:18 PM

Ur ctos already down to the hole. so dont bother go into akpk. I done my akpk with agent. i only show up myself on the end of day. if you need the agent number u can pm me.

To give u an idea of severity of your problem, consider this: your net salary 6,500. Even if u manage to save 3,000 per month which is possible but very very hard with a family, you need 10 years to settle your debt without taking into consideration interest . With interest, likely to be 20 years or more. You need to drastically cut your spending and increase your earning capability. Work hard get promoted and excel in your career... This is the best way to get out of your rut... Savings alone very hard to settle your problem ... And when u get increase in salary from 8k, treat it as there is no increase at all, otherwise spending will always move up to meet income

what's with ts obsession over Coway. it's just filtered water man.

i'd say, just cut the coway, buy a filter like 200 bucks? once and fore all.

boil water yourself. save a lot that way.

Sounds that AKPK is a wrong setup with good initiative.

AKPK seems that indirectly encourage people wild spending by projecting a hope that AKPK will help them to resolve their unbearable debts later.

"spend lah... worst to worst.... go for AKPK"

AKPK should impose a rule as a condition of using their service, by increasing the person's EPF contribution to 15% or more, after freeing their debts.

AKPK should not only solve people's debt problem, indeed, help them to save money. Because, all these people come for help, are poor in money management.

This post has been edited by kpfun: Feb 11 2017, 03:04 PM

...never thought someone can have so much debts...my rule of thumb for small purchases is.. if u cant buy the thing cash u cant afford it..

think it takes a lot of courage to go to APDK
all the best to u...dont give up
try not to repeat the same mistake again...u have children and wife to support...having a normal lifestyle is acceptable ..dont spoil your children

actually what are the consequences for going to akpk? i always got call from them though.

wah lao. when i used my cc half of my limit oso sked dy, this kind of debt is out of galaxy for me yaw..

good luck TS. got so many recommendations here, 99% highlighted on your life style.. just change it.

and, what is so powerful with that Coway man.. just cut it off la.

Park

wow, the debt amount is scary, a lesson for rest of us

so what's the outcome? TS any update?

Somehow I have a feeling his debt has increased since his last post because his mindset didn't really change.

What I'm curious to know is how they can offer so much personal loan? Is that normal?

It looks like your lifestyle is the enemy right now. You and ur wife is doing the same. Spending money for nothing. People with low income still can live with normal food, clothes, education.

you both change ur attitude first, then only thinking about restructuring loans....if not, later on it will keep on piling up.....

Ts never kembali to this thread?
Problem settled or...?

pff...i'm still survive.but trying to find ways for additional income as my current salary already fully utilize for loan payment+bank commitment.

This is a perfect example of "Gaya mesti ada, duit tak ada tak apa".

give an update of your current restructured loan schemes vs expenses.

how you survive and how do you earn more side income.

nevermind, TS still have monthly salary 8k, 10pot with 9 tutup still can drag until the loan finish, but the ah long their must clear first la, so scary

8k is not so much only actually.... but really wonder how does he rack up so much of loans. scary sia....

Your story still surprise me since beginning till now. I'm a father of two and am gonna be 30 y.o next year.

I have no relative to help too. My marriage expenses covered by a personal loan that ended this month after 5 years (30k).

But my gosh, you had a lot of spending at your back bro. Our expenses (house car bills etc) almost the same if not higher but I still can't fathom the fact that you this much of loans to cover it.

I heard from you that you lost your job in between and your wife had her own commitment too. I sincerely hoped that once you finished all the repayment, you did not restart the cycle again. Reason being, you have no saving I assume for now and by the time you done with repayment, it might be too late.

Finding an additional income isn't too hard nowadays. For example, you can select to become an agent for insurance (since you are in banking) or direct selling (coway cuckoo tupperware etc) so that all can help you with generating the money.

or even become a uber or grab partner.