Ya I think this is the best option. I used to have a CIMB credit card too and had outstanding debt (don't remember the exact amount anymore). But I did ignore it for a couple of years and even got several love letters from Kudrat (the collection agency). Eventually I took the offer to convert the cc debt to loan and paid it off some time in June or July 2024. I was even offered to clear the debt in lump sum several times at a lower amount but too bad I didn't have the money to do so, or to be more accurate, "sayang" the money but after that I continued paying every month religiously. Tau2 dah setel. Huhu. Anyway, good luck TS!

Same! I regret ever applying for the credit card but at least I learned a very good lesson! Cash saves, credit enslaves.