Where did these so-called AKPK consultants bought my personal details and contact number? They keep calling me every other days.

Thanks for your advise. Just one more question, am I able to do partial withdrawal using my EPF account to clear some of my debt (personal loan)?

I know, but why AKPK as a government agency, allowing this kind of existence? or BNM for this matter?
If I'm already in debt, why would I want to pay more for services I don't need?
If they can get my personal info, why wouldn't they know that I'm not troubled by debt?
They still want to call let me scold? Why are these people so mentally challenged?
Is it because Malaysia have excessive people who cannot manage debt presents these people with this kind of business opportunities?

Sure got but I reluctant to share my bank statement. Already called bank to clarify, it said that is the interest.

Bank: Citibank and RHB

I have been on AKPK for the last 3 years and now at a point where I can consolidate the debt into a single personal loan.

A few questions:

1) Is it possible to withdraw from AKPK and wait a few months and try to apply for personal loan to consolidate my debt?

2) When I do withdraw, do I still make the same payments to the banks that I owe as per AKPK schedule? or will the banks request to renegotiate?

Thanks!

Once enrol with AKPK, the participants would be advised of the repayment amount and period. So long as the participants observed this, at the end of the period, all outstanding debts with the Financial Institutions should be cleared, right?

Banks still give out monthly statements, and I suppose that's how @MARVIN333 checks. Hmmm wondering the same too. give you example...

Monthly amount paid by AKPK to bank X : RM70
Monthly Finance Charge by bank X : RM50
effective deduction in reducing debt : RM20!

Not sure how AKPK determines the amount to pay the FI, as it pays more to one bank, and lesser to the other. But I think the plan is to pay 'more' to bank that is unwanting to lessen the finance charges or the lengthen the repayment period, and 'less' to banks that gives out lower finance charges. So once AKPK settles with Bank X, the monthly amount one pays to AKPK would be channeled to the other banks you have outstanding amount with.

that's what I was thinking too. anyway thanks for your opinion.

it will be good to hear from those who have settled with akpk as well. Kiefer do you mind to give your cent about this?

inside akpk portal can see status?

Hi all is there any second chance to re do akpk?

just wanting to double confirm, the cards are as good as terminated/cancelled (physically cut/shredded) right?

so once you go into AKPK and gotten out of it, it will be the same as a clean slate, 0 credit cards and if you want to use again, you need to reapply?

Thanks for the reply bro

just wanting to confirm if post settlement/AKPK, it'll be write off/cleared literally from suspended state, instead of activate back.
meaning to say, there won't be any credit cards, and if want you'll have to re-apply, correct?

Thank you very much on the reply bro Kiefer :

hi, just want to know , is there any charge imposed if using akpk counseling service ? TQ

May I know what's the advantage of settling your debt manually with the bank (via accepting the bank's offered instalment plan) vs doing it via AKPK?

Hi,

I'm working in bank, if I do dmp under akpk will hr inform my boss? i have a personal loan with them that i took before i joined

Hi I'm in the midst of planning to budget for settling some outstanding credit card and personal loan. Im debating between using akpk or dealing individually with the bank for a settlement plan.

1. I understand that being under akpk means I won't be able to apply for other credit facilities while under akpk. Question is, once I'm out of akpk will it affect any future loan application?

2. Does bank offer settlement plan in which the monthly payment increase over time?say in first year you pay rm1k but 2ND year you pay rm1.2k, 3rd year rm1.5k etc

3. I got a call from a bank who claims it's better to take one loan to settle all my current outstanding debt and onwards just focus on servicing one loan rather than multiple. Is this too good to be true or how?

Hi, I would like to ask is anyone here manage to get new hire purchase loan who under APKP program? If yes, may i know which bank? and can you please introduce me the banker?

Thank you

If one is enrolled in AKPK, and decided to increase the monthly payment, need to walk in and discuss with the councillor?

But the new amount would need to be agreed by both the counselor and payee/enrollee right? Coz they may suggest higher amount than what the person is comfortable paying. Coz if show payslip appears salary sudah naik, but so is living costs!

Thanks for your response and just want to share. I have outstanding amount with 2 credit cards and 1 personal loan. Was jobless for 2 years (I work with 1 startup in between but quit due to this startup being dodgy and having issues paying salary). In between I paid a minimum amount to service each loan with the debt collectors but that hardly did much to reduce my outstanding amount due to the interest.

I have a new and (hopefully) more stable job now and now looking to take action to clear these debts off my back for good. I was giving myself 5 to 7 years to clear these debts (Around RM110k total, my gross income around RM5k). After doing my budget I can put aside RM2k a month to settle my outstanding. However when I communicate my intention to the collectors in hope for some kind of payment plan with the bank they were less kind with my plan and pushing for me for some plan where I settle all my outstanding in one year. I can't even accurately determine what's my outstanding amount because they're harassing me with settling the debt. No choice I have to enrol with AKPK DMP now.

They offer RM1k monthly instalment but I'm not sure if this is final because my appointment with the counselling officer is end of the month. I'm more than happy to double my monthly installment for a shorter settlement period. Pray it goes well.

I'm thinking the debt collectors won't be too happy when I tell them I'll be going for AKPK now instead of settling it. If they continue to call me after I enroll to AKPK DMP can I report them to BNM to stop calling me?