Hi,

there's this forumer that claims there are many that 'abuse' ASBF, and it has many loopholes:

sos: https://forum.lowyat.net/index.php?showtopi...#entry108184452

I've asked for examples or an explanation for these 'loopholes' or 'abuses', but he is not able to. So I wonder if someone in this thread can provide any?

People terminate the loans on a YEARLY basis?

Can someone confirm this?

Even if they do, how is it a loophole or an abuse?

P/s - no sure what you mean by ego here. You are making serious claims here, I would like to understand further since when I asked earlier you were not able to substantiate the claims. These are serious allegations if you claim bankers are involved in abuses and loopholes



This post has been edited by Lembu Goreng: Sep 26 2023, 10:42 PM

Just now you said yearly, now 2-3 years? Get your story straight first bro.

We all know ASBF can be terminated anytime. This is perfectly legal.

But you specifically accuse asbf bankers of abuses and using loopholes, so no need to spin some more and tell us which part.

Im doing you a favor here maybe someone here can collaborate your claims

This post has been edited by Lembu Goreng: Sep 26 2023, 11:50 PM

Oh, while you are at it, please explain what do you mean by overlap loans in asbf

Actually, I understand very well how cancelling loans every 2-3 years & then reapplying work. We call it rinse & repeat. It is fine and perfectly legal, and it is a well known practice and out in the open.

What I dont understand is why are you calling this an abuse and loophole, so can you explain why is this an abuse and why is this a loophole?

By calling it such, you are creating an impression that bankers/agents are doing dodgy practices and something illegal. So please explain yourself.

I am tagging actual agents here haziqnet annas473 here maybe they can clarify if 'rinse & repeat' is an abuse/loophole

This post has been edited by Lembu Goreng: Sep 27 2023, 09:39 AM

Not sure why you keep talking about egos

I am here to learn and share knowledge. So, if you are making outrageous claims, I'd like to know if anyone can corroborate your claims.

As far as I can see, no one has come to back your claim.

Anyway, let us see. No need to hear from you again, you've already made your claims (Although I expect you to reply because your ego tells you to always have the last reply).

See, like I said your ego wont let you not have the last reply

As far as I can tell, you are a non-bumi that do not qualify for ASBf. So you have zero experience in this matter. At the same time, you make accusations that there are people who have abused and used loopholes, somewhat suggesting illegally to profit.

So how does one with zero experience can make a claim to be knowledgeable in this matter?

On the other hand, I have over twenty years of ASBf experience and over half a million in ASBf certificate thanks to my Chindian banker.

You are no where near my level my friend.

So, I can smell BS when it's coming from a long way. Sorry, this obviously made you mad, but if anyone is spreading misinformation and wild accusations, I will call it out.

This post has been edited by Lembu Goreng: Sep 28 2023, 04:02 PM

More than Half a million in certificate ONLY.

Cash, a lot more.

Actually I know, while you dont. You dont have single sen in ASBf for god's sake!

You tell from BS, I tell from my own experience

Lol please! cannot expose that's a laughable excuse. You can always tell what are the abuses/illegal stuff that you claim without naming anyone, but since you don't have any ...

This post has been edited by Lembu Goreng: Sep 28 2023, 04:15 PM

I am well aware of strategies, tips to maximise the loan. All perfectly legal.

How do you think I managed to retire at 43?

You on the other hand, call it abuse/loopholes/illegal. When asked what, nothing to show - just say 'your choice'.

No, you called it abuse and somewhat suggestively calling what we're doing here is illegal.

I am not sure why you did that, perhaps you are not happy because you do not qualify for ASBf.

Maybe this is something bigger than just an argument here but obviously you are not happy about folks getting ASBf because you spread false information that people are abusing the loan in other threads.

Buddy, I'm not the one that's accusing a group of abusing loans.

That's you.



This post has been edited by Lembu Goreng: Sep 28 2023, 04:36 PM

Again, there is no ego. Just calling out BS when I see it. From those threads because of your accusations, you can tell people think something illegal was being done when in reality nothing was.

Thanks for admitting. I think I've made my point.

i think you need to tone it down with the name calling. Already you called me drunk, bastard, noob etc and now nuts case in non-k threads.

Because you are good entertainment to me so I don't bother to report, but some other folks might.

p/s - aren't you curious as to how I have over 500k in ASBf certificates? These days people can have max 400k only (200k ASB, 200k ASB2).

This post has been edited by Lembu Goreng: Sep 28 2023, 04:48 PM

See? That's why I said you are no where near my level or my chindian banker level. You dont even know what I'm talking about.

I said 500k+ in certificates only. Not cash.

Cash of course way more.

Hehe of course, i caught you out with your (lack of) knowledge

Peace!

I caught you out with the 60k EPF max limit too hehehe.

That's why dont ego, sometimes other people may know more than you. Chill and ask first, before start accusing :-)

Go see back the thread lah, two other forumers showed they did 60k transactions on MBB. And we have also explained why.

Oh well, I think we have embarrased you enough already. Enjoy the rest of your holiday

Don't be so ego lah. Why you need to make this about R&R? To me it's just a matter of you spreading misinformation and all I did was call out your lies which you have admitted. So I thought we're done here.

If you're not done just to satisfy your ego, well then I'll let you have the last word lah. So lazy layan you, you already admitted defeated and now wanna make it R&R issue pulak.

Bye.

This post has been edited by Lembu Goreng: Sep 28 2023, 06:02 PM

so which part is R&R? Trying to twist again?

The reality is the one that started mentioning R&R is you. And the one that accused a whole group of abuse/illegal activities is you.

Just a reminder, this was ALL YOU