QUOTE(bigbadegg @ May 14 2015, 01:14 PM)
Hi all,
Recently i got a few call from a debt collector claimed that i owe hong leong credit card total rm36.8k (include interest). funny part is from the first call from them, they said i owe rm27k and after 1-2 weeks on 12th of may they said my total amount is 36.8k (10k different!!) and offer if i do full settlement it would be rm25k.
Frankly i defaulted it for very long time..
i didnt make a single payment to it since apr/may 2009. and i went to bank negara and check
my ccris, it was clean. and i check on
my insolvency, i m not bankrupt either.
so my question is, can they file bankruptcy on me? Please advise.
Regard
bigadegg,
in blue, clean as in "for the last calender year"
in red, amount owing still <30K. bank will know when to take legal action.
few important pointers for your consideration:-
1) never trust amt claimed owing to bank by collectors; always verify with bank; and
2) in orange, you may want to do the MATHS, on limitation period & total amount own (incl all % & fees) by end of limitation period, will it be >30K? In any event, since you have not paid a cent
since apr/may 2009, NEVER to pay any payment now, (don't re-start the clock) till you know exactly what you want to do with this debt.
you will be asked to make a small partial payment. this will re-start the clock. just be careful
help yourself to google for more info.
This post has been edited by vincentwmh: May 18 2015, 05:25 PM