If you pay extra in DMP, can you take it out just in case you needed some extra money for emergencies, like big car repairs or repairs your house roof due roof of your house got blown off or suddenly unemployed?

This post has been edited by MUM: Sep 5 2024, 08:24 PM

I think, just think, once you are under akpk dmp, ccris will knows.
If you defaulted on akpk dmp repayment schedule,
I think ccris will not shows, about that akpk dmp defaults.

But there are consequences ...
https://www.akpk.org.my/node/439

This post has been edited by MUM: Oct 29 2024, 05:38 PM


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While waiting for his response, I Kay poh guess, should be 10 years from the date you start the DMP

While waiting for value added responses,
My wild guess is "YES" for 1 n 2.
Reason being, the bank does not issue new credit or loan to you, thus they hv no risk even though you are under AKPK

While waiting for value added responses, I kay poh googled and found this.
Not sure if it works or not
Do try it out and tell, will you?
https://www.google.com/search?client=ms-and...ih=694&dpr=2.81



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I have not done dmp,
But my guess is a yes that you need to provides them with all your total income and all your current monthly repayment liabilities so that both you and the akpk officer can determine how much you can afford to commit to the agreed repayment schedules

Over the years AKPK has received numerous reports and feedback from customers of being approached by certain individuals claiming to be representatives or agents of AKPK offering to help them restructure their debts through AKPK’s Debt Management Programme (DMP).
Some of the customers were wise enough to check with AKPK first and avoided being scammed by these agents but many others were not so lucky and have incurred losses.
There are also third parties soliciting money from individuals in debt as payment to restructure or reschedule their debts by referring them to AKPK.
In terms of their modus operandi, usually these agents would make a phone call or send SMS to the customer to offer their services. Individuals who are in some kind of financial mess and in dire need of assistance would be more vulnerable and are more likely to be convinced that the agents can help them. Scammers always prey on people’s feelings and emotions.
The agent will then tell the customer that payment in advance is required first before processing can start. Some may ask for as much as 10% – 20% of the total loan value.
After the payment is made, the agent will then assist the customer to submit a DMP online application to AKPK and book an appointment for counselling. It is usually at the counselling stage that the customer realises he or she has been duped after finding out that AKPK’s services are free and AKPK does not appoint any third party agents.
By then it is too late as they have already parted with their money and in some cases the agent has already disappeared.
They have paid money for a service which they can actually get for free. It’s a double financial blow to someone who is already in a stressful financial situation.

More, ....
AKPK’s Scam Alert: Third Party Agent – Don’t Be Duped – Part One
https://theiskandarian.com/akpks-scam-alert...part-one/?amp=1

This post has been edited by MUM: Jul 3 2025, 02:26 PM

This post has been edited by MUM: Jul 9 2025, 10:30 PM


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What should I do to avoid termination if I am having difficulty to make the DMP payment?

Can i re-activate my DMP after termination?

And other faqs
https://www.akpk.org.my/node/439

3. What should I do to avoid termination if I am having difficulty to make the DMP payment?

A customer who is having difficulty in making the DMP payment should immediately contact AKPK to discuss the possible solutions to address the matter.

1. How can the DMP be terminated?

The DMP will be terminated upon monthly instalment payment default by the customer. Once defaulted, AKPK will automatically terminate the programme. An individual is only allowed a onetime chance to enrol in the DMP. Thus, a customer should always monitor and maintain the DMP payment to avoid termination

https://www.akpk.org.my/node/439

If according to this art8cle, ...the banks would hv already agreed to your DMP payment plan set up earlier.

https://www.comparehero.my/debt-management/...n_AKPK_help_you

Better check with or inform /ask Akpk about it.



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Just a reminder of a reminder from AKPK ......



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