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 AKPK, debt issue, anyone got a question to ask them?

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Kiefer
post Mar 13 2019, 06:40 PM

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QUOTE(simplifynet @ Mar 13 2019, 04:28 PM)
[Im sorry if this is not the correct section. Admin have the right to remove this post.]

I have been jobless since 2010 after I return to Sabah from Peninsular. Not being picky, any related job would do, even if the salary difference is huge, but still no luck.
Been doing some some frelance job with inconsistent pay since then. I only started working a steady job in mid 2016 with RM1400/m salary.

I have unpaid bank debt since 2011 for the following:
Credit Card - RM17000 (4 cards in total)
Car Loan - RM15000

1. Can I still go to AKPK?
2. From some reading over the net, debt over 32k is subject to bankruptcy. Am i bankrupt now?
No letter from bank (I used Semenanjung address), i also have changed my number so less debt collector call.

Thank you in advance.
*
From the info you gave here...i have some questions though.

1. you mentioned that you have unpaid CC and car loan since 2011. Do you still paying the payment / car loan? as now already 2019 and I assume you are still paying it to the banks.

2. bankrupt limit revised but if you did not pay any single cent since, then most likely u have got saman from court to attend a session before they announce you a bankruptcy in general knowledge. why not go print out BNM report to see status.

my above points could be wrong where you as of now has this Credit Card and Car loan which you are paying. Since you have a steady job, and you can apply akpk and see how they can help.

*dragging on is no good for you as it is not fun to be in bankrupt status.
Kiefer
post Mar 13 2019, 10:21 PM

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QUOTE(simplifynet @ Mar 13 2019, 09:05 PM)
Thank you for the information.
Duly noted.
Thank you for the reply.

1. No, I did not make any single payment to any banks.

2. Noted. Looking forward to visit BNM.

*thanks for the advise.

Additional Question:
3. Does AKPK have minimum income limit? My total debt is rm32k and my income is rm1.4k (haven't deduct monthly commitment ie. rental, utility, wife & kids money)
*
oooh ok.. it is tough for you, but since you got a job in 2016, you should have at least get into akpk.

Whatever it is now, i am not sure your status right now since you have not make any payment since. Maybe you can give akpk hotline a call first to ask for opinion. Worth a try to get BNM report to know status as well as the outstanding amount and if can try enrol akpk (hopefully still valid at this stage). I no expert too here. l<

on your question 3.. as I know as long as you have a job, you can enrol to akpk which the consultant can help you with payment amount and period.

Hope other members here can give their thoughts.

To Add on.. last time my case, i was jobless for about 1-2 years, I can't enrol that time due to no job (only doing side projects to earn for living). When I gotten a job, I just quickly went akpk and even the consultant scolded me "why you did not come to akpk earlier? you see all the legal fees etc, it is not worth it" and my response is "i only managed to find a job where the rules is i must have a job, this is offer letter"...so no choice but to proceed. Just imaging about 10 years ago.
Fighting for a living and trying best to stay alive.

This post has been edited by Kiefer: Mar 13 2019, 10:25 PM
Kiefer
post Apr 1 2019, 04:03 PM

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QUOTE(Joey Teng @ Apr 1 2019, 03:46 PM)
I just met AKPK consultant. But one of my loan unable put under DMP due to less than one year. Any suggestions to restructure that one?
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Maybe you can look at your overall capability. EG. paying AKPK 1k, and if you can still capable to pay that loan normally, then it is okay. Else you can try call the bank and ask if there is option.
Kiefer
post Jun 20 2019, 05:15 PM

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QUOTE(Sparroking @ Jun 19 2019, 06:05 PM)
Hi All,

Hope anybody can help me on this.
I got about 100K in credit cards debt and somehow a consultant got my hp no. and call me that their company can help to reschedule my debts with AKPK into about 3% interest and 10 years repayment scheme.

In return, I will have to pay 10% service fees. Have anybody got experience or knowledge on this type of consultancy or it is just a scam. Thanks...
*
3% sounds good but AKPK has made official note in akpk website that they dont have consultant that will call us or any third party.

You know that nowadays many scammers will do anything just to get anyone.

Key objective for you is to get out from debt. 3% or 8% may sound a lot, but i think best to be safe than getting into unnecessary scams.
Kiefer
post Jul 15 2019, 10:15 AM

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Hi All,

Anyone has cleared AKPK?? (not early settlement ye). Eg. let's say x years or number of payments and paid till then end.

Would like to know what happens after you paid up to the last month of payment?

Thanks in advanced.
Kiefer
post Jul 16 2019, 04:49 PM

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QUOTE(pliquid @ Jul 16 2019, 04:31 PM)
It should be the same as early settlement. Check in AKPK customer portal on the status has been updated to full settlement. Then check with bank on ccris clearance ETA.
*
Thanks !
Kiefer
post Jul 19 2019, 04:49 PM

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QUOTE(soules83 @ Jul 19 2019, 03:59 PM)
I not sure why I been targeted. AKPK keep call me... so annoying...how to stop AKPK agent from calling me?
*
I received many before, I have blocked it, then I installed the truecaller and when i saw it is scam* or spam* related ones, I just ignore and block it.
Kiefer
post Jul 19 2019, 04:52 PM

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QUOTE(lsstjs @ Jul 19 2019, 02:36 PM)
Just a sharing here as a Ex-AKPK :-

I had done my full settlement of AKPK on March 2019, Credit Card approved on May 2019 and get housing loan on July 2019.

Luckily i was choose to be AKPkian since last 8 years ago, if not , my financial will become messy for so many years and maybe until today.  And now, is a new chapter for me to start over everything again and manage the money in more better way.
*
Good to hear that... I have 2 more payments to go and will wait for the release letter. To my surprise, there are 3 banks that still saying i have more payments to go.. like another 2years ++ more..
I called AKPK, they said "yes..2 more payment, you are cleared"... let's see

I want to get a house too, but with the increase of house price, it is very hard indeed, unless move to very rural area. Seems like to get plan b or plan c already.
Kiefer
post Aug 15 2019, 01:46 PM

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QUOTE(aaron1717 @ Aug 15 2019, 11:17 AM)
Hi may I know after cleared of my akpk payment once and for all... will the original credit card facility of mine revive again or i need to go through the re-application process for CC again?
*
All previous cc has been cancelled. if you really need a cc, you will have to re-apply it.
Kiefer
post Aug 15 2019, 01:50 PM

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QUOTE(13aby @ Aug 14 2019, 05:49 PM)
If i partial settlement one of my cc with akpk will they reshedule the monthly again? My just started but plan to pay extra to bank when my cash flow is positive back . And will my ccriss back to 0 ? Cox i see one of my cc it still say no payment
*
As what I know of (i could be wrong), you can clear any of the debt (partial settlement).

EG. you have 4 cc from 4 banks total 40k and each month payment to akpk is 1k (250 each).
Let's say you cleared bank A, you will need settlement letter from bank A, get them to advise akpk too. in the akpk portal, you can submit and upload the settle letter.
once akpk confirmed, you will ended up need to pay 750 each month for 3 balance bank.

you can call akpk if you need to reschedule (not sure if can) if you still want to pay 1k each month and split among the 3 banks. Call akpk hotline for clarification.

hope that helps.
Kiefer
post Aug 15 2019, 03:39 PM

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QUOTE(aaron1717 @ Aug 15 2019, 02:59 PM)
owh okok... i thought my facilities still with me... because i can still access to their details online and see the repayment done from akpk... thanks
*
Some banks may transfer to another account depending how fast it is. Maybe now you still can see it.
All my others were 'closed' and 'transfered' to another account.

Since you have their details online, good to keep the statements in digital copy just in case.
Kiefer
post Aug 16 2019, 05:33 PM

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QUOTE(alexkwlee @ Aug 16 2019, 03:53 PM)
akpk they know your balance payment?? not u have to call bank to find out??
*
I suspect that the few banks did not update BNM nor akpk, as all the account number different. akpk portal still showing old numbers.

compared to the other banks like mbb, citi, they are efficient, cleared way faster and even let me know there is over payment, which has been reimbursed to me. Akpk side also has cleared for these few banks.

sounds like the balance banks hanky-panky. 1 bank uncontactable at all, 1 bank mentioned they don't have record and handover to debt collector (WAHHH).

So right now, i will pay my last payment and will wait for the release letter from akpk plus print latest ccris report. from there i will go visit the akpk consultant and see how.

wish me luck and hope can settle this without issue.
Kiefer
post Aug 20 2019, 06:04 PM

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QUOTE(alexkwlee @ Aug 20 2019, 05:30 PM)
good luck bro... hope to get your more update soon
*
Thx.. i hope no issue after settling my last akpk payment end of this month...key for me is the release letter from akpk. cool2.gif bruce.gif
Kiefer
post Aug 21 2019, 09:20 AM

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QUOTE(alexkwlee @ Aug 21 2019, 09:00 AM)
do you already get all bank release letter?? u need all the bank's release letter only you can get akpk fully settlement release letter right??
*
That is something very uncertain here for me. For other banks that settled earlier (mbb & citi), they updated AKPK directly and akpk provide a "partial settlement letter' in the portal which I can view/download. left these few only.

I called akpk care, and they told me that Aug is my last payment and would complete all as agreed. But bank side seems different story.
This is neither left or right.

So I plan to settle my last one end of this month and see what next. bruce.gif
Kiefer
post Aug 21 2019, 11:25 AM

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QUOTE(alexkwlee @ Aug 21 2019, 10:53 AM)
do you have the number of mbb akpk section?? and do they give discount for early settlement??
if yes i like to consider for mbb early settlement.
*
for MBB akpk - Malayan Banking Berhad : 1-300-88-6688. This is the number gotten from akpk portal.

normally there will be an early settlement 'discount' when you connect to them. So see how much is it then and you decide.

for my case, it is 'automatically' settled.
Kiefer
post Aug 21 2019, 03:31 PM

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QUOTE(alexkwlee @ Aug 21 2019, 02:56 PM)
what mean by "automatically" settled hmm.gif  hmm.gif
*
Sorry for using the confusing word.

What I mean is it is settled before my 10-year tenure with akpk. These few banks actually informed akpk that this is settled about 1 to 1.5 years ago.
When I visited the akpk portal, it has the settlement letter avail for me to download.

some bank(s) actually send me a letter saying that there is an over payment.
on AKPK side, I called in to akpk care, they told me just to pay less next coming months (which the akpk portal will show the upcoming payment amount).

another bank actually pay akpk back the overpayment, and i can see the exess payments (extra money), so i pay lesser next round.

hope this clarifies.
Kiefer
post Aug 22 2019, 11:13 AM

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QUOTE(MakNok @ Aug 22 2019, 07:33 AM)
In my case different Xperience.....
Bloody some.Bank keep saying no hutang despite calling...They zerorize the account.
MayBank is of them....call...they say no excess payment...Usually got excess payment one....Wait when I free I go AKPK office ...complaint and also cc to Bank Negara.

Another idiot Bank AmBank saying my 1st outstanding difference by 2K...So my 10 year Max AKPK payment cannot not even settle it.
Other Bank difference 1st time outstanding not so much to make and impact on my monthly AKPK repayment.

HSBC surprisingly despite showing Zerorize on my account have some excess balance...so they will refund to my bank instead of AKPK.

HongLeong Personal Loan will refund if got excess.
HongLeong CC Dept is the culpricK....DESPITE SETTLE claiming no excess.
Eon Bank surprisingly send me statement showing excess payment...it stuck there until I apply for refund.

But HongLeong claim...using that Eon Bank excess to settle another HongLeong CC ......really Babi this CreditCard Dept.....will definitely make a report to Bank Negara.

I believe I am the only here MAX out AKPK 10 year repayment scheme.
So more or less...I know what going on here.

Lucky got AKPK portal...if not..I won't know that I have settle some Debt earlier..

Mine ending soon March 2020 for exact 10 year.
Hahaha

But hor...really peace of mind NOT getting the reminder calls for repayment....

I got 9 CC...4PL and 1PF.
Now left until today
3 Bank.....
By Oct
2 Bank

End of Max 10 AKPK repayment
Still cannot settle the 2 Bank

1PF and 1CC
AmBank is an idiot.
Only when I make call about my latest outstanding..then only statement start sending to home.

Calling those Bank AKPK in charge Dept always get different treatment and interview everytime.
*
mmm sound similar dude. I suspect my case would be siimlar situation as after 10-year there are balance which again I personnaly feel that it is not meeting the akpk objective too. at that point of applying with akpk, we submitted latest statement, ccris report etc, now seems like something missing somewhere.
I am trying to ask for detail breakdown from the bank from all 10-year, as based on the repayment amount and period, i have paid more than the outstanding amount.
if just a little bit, i am fine, but this is like thousands, so the gap is big.

let's update each other from time to time, so we all learn and know what is the possible best way to handle this situation.
Kiefer
post Aug 23 2019, 10:38 AM

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QUOTE(alexkwlee @ Aug 23 2019, 09:38 AM)
r u sure akpk only 10 years max??? mine HSBC start serving from 2010 until now already 10 years . but when call HSBC they still say i have balance 4k plus...wtf... ranting.gif  ranting.gif
and say will end on 2032 really shit.... where got 8k loan wanna serve so long  rclxub.gif
*
When is your last payment for akpk that will complete your 10-year journey??

ya.. that is what hsbc told me too on my side (3.6k !!). Seems to be some gaps during the akpk application process, the amount gap is huge. I tried to get the detail records from month 1 till today, but they did not reply me, saying i pay very little monthly. I don't have access online to this account for details since and i don't have any update except ccris report.
When do simple calculate, we paid more than the outstanding amount though. So I suspected that the interest they imposed is much higher than we all expected.

I am going to meet akpk next month for advise and next steps.

This post has been edited by Kiefer: Aug 23 2019, 10:39 AM
Kiefer
post Aug 23 2019, 01:44 PM

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QUOTE(alexkwlee @ Aug 23 2019, 11:26 AM)
i start akpk from jan'2010 on the first 2 years 2010-2011
i need pay rm70/mth
next 2 years 2012-2013 i pay rm100/mth
from 2014 ~ until loan end i pay rm130/mth
from akpk i can see they just charge 8% interest yearly
and my loan amount just RM8621.

wtf... i simulate out using excel i had already over paid...

but call hsbc they said still have 4k plus and end on 2032?? wtf... ranting.gif  ranting.gif  vmad.gif  vmad.gif

they more suck than ah long rite?? call them ask for statement they cant provide since day one until now.

lau eh....
*
Yes, it is WAH LAU YEH!! Banks is licensed ah long, they take money from customers suck dry, any late payment all interest comes out.. when we overpaid, try give refund, it take weeks and no interest imposed on them.

Try meet akpk and see what they say. let's update each other so we have knowledge and shared info. I should be meeting akpk officer this Sep or early Oct.

*I did ask hsbc why there is such a huge figures? and why even account number change also did not update bnm nor akpk? they did not answer.

This post has been edited by Kiefer: Aug 23 2019, 01:45 PM
Kiefer
post Aug 26 2019, 01:53 PM

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QUOTE(alexkwlee @ Aug 26 2019, 01:34 PM)

*
HSBC = 0320757859

gotten this from akpk careline.
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