As topic, one of my friend kena AKPK since 2020, time to clear the debt around 10 years+
However recently the bank call him and offer him credit card, he got told the guy that he is in AKPK program however the banker say can try. (My friend actually have loan that did not include into AKPK while he applied it, he still able to pay that 1.)
Then after around 2 weeks time, bank ships him the credit card and able to use it and etc...How it can happend? Bank also willing to play high risk high return game?

how high is the credit limit? probably very low.

35k

AKPK is not the end of the world.

Different bank, different risk management. If they see your friend has lower risk of defaultment, then they can still approve cc application, with credit limit of probably 1/2 or 1/3 of what his salary is.

got case i even in akpk, but 1 PL & 1CC still not in akpk list. Can still use the CC & PL active.

Diff bank....diff risk taking.......

Most probably relying on you defaulting again...... evil world we live in....

AKPK is not bankruptcy I believe, just govt agency helping loan consolidation.

If the bank views the individual having regularised back their income and is now considered a low default risk, they can go back to offer loans and credit cards as well.

Yes, but as i understand if in AKPK, means your credit score will become nothing for the overall period.

Yes, he got 1 PL did not include in the AKPK..maybe this is the reason

is 4 times of his salary..


This post has been edited by shyan90's: Nov 14 2024, 10:17 AM

Yes, there are cases of banks offering those with AKPK status credit cards and loans even.

I would know. I've been in AKPK since after covid lockdown and been offered many times.

I have been a good paymaster to AKPK and have diligently paying back whatever loans that was not covered in AKPK on time and never late.

I noticed my CTOS score have improved significantly and weirdly my AKPK status is no longer shown in the report.

Managed to ditch one demon and eventually another demon comes along....

kalo gaji with the same bank can jus request....

Banks don't only use credit score as a measure of credit worthiness, that is more like US.

Doesn't matter if he got 1 PL no in AKPK, because Banks will run your CCRIS and it will be reflected there.

yeah, maybe he is good paymaster hence bank willing give him 1 card again...but was it violating the purpose of AKPK?? What if AKPK found out?

Banks playing with fire, hoping for you to default then they can earn big time.
When there's too much bad debt, time to ask government to bailout, nationalise the losses. Else risk bank run and threaten financial stability. Can see this in the US, government will not let bank fails.

What a world we live in.

AKPK to save the individual from high commitment, while in return the banker agreed lower % of profit. This bank allow credit card is to kill that individual to commit the same mistake but this time round, the individual accept and continue -- perhaps only when reaching 50 EPF can save him to clear all the debts again.

Yes. Bad debit too much, then they make you bankrupt and pay them forever. Exactly how capitalism works.

They know your friend is the best type of client, spend until akpk

From this sentence I know you had wrong understanding about bankruptcy and AKPK.

I know what the different between AKPK and Bankruptcy.
As I understand when you in AKPK, you cant apply any credit facilities until AKPK complete.

See. You show even more that you dont understand.

Incorrect.

Even when you are in AKPK you can apply any credit facilities you wanted. It is up to the said bank to assess if their risk appetite wanted to accept you or not. It does not matter if all ur loans are under or 1-2 is not under AKPK. All this are available in AKPK website itself instead of self-understand from rumors or listening to the fake "agency".

Of course, even if they accept and provide you the cc limit will be low and not as high as usual it should.

Ok, maybe i feed with wrong information.

How to apply loan if under AKPK?
If you are under AKPK’s Debt Management Programme (DMP), you can still apply for a loan. However, you have to settle the loan that falls under AKPK entirely and wait for the CCRIS to be updated before applying for a new loan.

Also, you can’t go back to the existing bank loan with AKPK. Once you have fully settled the loan, you can graduate from DMP upon early or normal settlement, and then apply for a new loan.

Some Koperasi personal loan providers may also allow you to apply for a loan even if you have an AKPK record.

However, it is best to check with the specific loan provider for their guidelines on cases under AKPK.

banks are making money by giving out loans

if not giving loans then how to make billions every year from tiny country like Malaysia alone?

newbie here, what is akpk?

Agensi Kaunseling & Pengurusan Kredit

The Credit Counselling and Debt Management Agency, commonly known as Agensi Kaunseling dan Pengurusan Kredit (AKPK), is an agency set up in April 2006 to help individuals take control of their financial situation and gain peace of mind that comes from the wise use of credit. The services provided by AKPK are run by certified financial advisors with many years of experience under their belt.

The services provided are free.

This post has been edited by porgie: Nov 15 2024, 10:55 AM

why u bothered with your "friend's" cc so much? u know so much about his financial, wah, got fren so open one like that one meh?

more like brrr story to me

Maybe you don't have not means everyone don't have

Must reveal the bank name for research sake

AKPK just consolidate your existing debt. You still can have new credit if the bank wanna give you.

I know a case that person kena akpk and got loan to buy a car, end up kena lhdn audit.

my friend want to refinance his house to settle all his loan together with his akpk, bank heard akpk terus reject

and what bank TS friend punya? my friend ask 1 is bank paling halal, maybe can ask my friend to try ask that bank

agreed. reveal the bank name that loves to play with faiyah

SC.