Akta Had Masa, Not servicing credit service 6years++
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 Nov 15 2023, 10:46 PM
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#1
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Junior Member
107 posts Joined: Jul 2021  
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QUOTE(Icehart @ Nov 12 2023, 02:28 PM) Wow didn't know this. what make you think the bank wont sue u bankruptcy during that 6 years?So I could just rake up $300k in credit card debts and ignore the pleas of banks for 6 years? Then become no need pay? Just curious.  loserguy liked this post
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Nov 16 2023, 11:08 AM
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#2
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Junior Member
107 posts Joined: Jul 2021
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QUOTE(Icehart @ Nov 15 2023, 11:33 PM) What if the amount is below 100k threshold? Maybe after include compounding interest after 6 years still below 100k? doesnt matter. they would still sue you out of it. |
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Nov 16 2023, 12:21 PM
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#3
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Junior Member
107 posts Joined: Jul 2021
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QUOTE(B0ss_ku @ Nov 16 2023, 12:10 PM) But can they win the case? why would they lose? lol |
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Nov 16 2023, 07:47 PM
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#4
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Junior Member
107 posts Joined: Jul 2021
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QUOTE(B0ss_ku @ Nov 16 2023, 07:04 PM) Then what is the Akta masa is for? so that loaner cannot pursue the debt after a significant of time passed due to lack of evidence and potentially lack of fairness etc on defaulter's side. just like how income tax can only chase you up to 7years (iirc) of past history. that's why before the statute of limitation reached, the loaner need to exercise their rights to sue defaulter as they deem fit This post has been edited by accordvtec: Nov 16 2023, 07:49 PM |
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