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 Akta Had Masa, Not servicing credit service 6years++

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TSB0ss_ku
post Nov 11 2023, 09:29 PM, updated 3y ago

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So is it really if not servicing the credit (aeon/singer etc) for more than 6 years, under the law it's consider as bad debt and hence they cannot charge you under the court even if you don't pay?


TSB0ss_ku
post Nov 11 2023, 09:43 PM

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QUOTE(gladfly @ Nov 11 2023, 09:40 PM)
Basically yes. 6 years start to run from breach..ie from the date you are supposed to pay the last sum due.

However if in between any period during 6 years, any part payment made or admission made will revive the 6 years.

So if any psyment made ..the 6 years will reset from the date of payment
*
So any claim by 3rd party debt collectors say will proceed to court is no need to entertain?
TSB0ss_ku
post Nov 12 2023, 12:45 AM

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QUOTE(unknown_2 @ Nov 11 2023, 10:37 PM)
usually financial institution will sell these debt to "legal ah long" anyway.
then u sum cry father cry mother when kena harassed by ah long.
*
I am not afraid harrassed by along...more afraid harrassed by lawyer kek
TSB0ss_ku
post Nov 12 2023, 01:44 PM

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QUOTE(gladfly @ Nov 11 2023, 09:40 PM)
Basically yes. 6 years start to run from breach..ie from the date you are supposed to pay the last sum due.

However if in between any period during 6 years, any part payment made or admission made will revive the 6 years.

So if any psyment made ..the 6 years will reset from the date of payment
*
So no court action can be taken right?

Any court action claim by 3rd party debt recoverer can be ignored yes?

And if they WhatsApp me with those LOD demand letter I can even troll them back say I know the Akta had Masa and I don't need to pay you a single cent and there's nothing you can do about it?

What if they post it to social media and say I hutang tak bayar, can I use them for defamation?

This post has been edited by B0ss_ku: Nov 12 2023, 01:45 PM
TSB0ss_ku
post Nov 16 2023, 05:51 AM

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QUOTE(insan_kamil @ Nov 16 2023, 01:03 AM)
Useful thread and lots of good information. But to those that have it in them to borrow and skimp about for next 6 years, man what kind of losers are you people. I understand trying to play through loop holes but at least have some honor when going about in life.
*
Tell that to politicians who you voted for

Like langkah Sheraton

Or jump party

Don't blame us

Blame the lawmaker
TSB0ss_ku
post Nov 16 2023, 12:10 PM

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QUOTE(accordvtec @ Nov 16 2023, 11:08 AM)
doesnt matter. they would still sue you out of it.
*
But can they win the case?
TSB0ss_ku
post Nov 16 2023, 07:04 PM

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QUOTE(accordvtec @ Nov 16 2023, 12:21 PM)
why would they lose? lol
*
Then what is the Akta masa is for?

 

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