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.

I not sure why I been targeted. AKPK keep call me... so annoying...how to stop AKPK agent from calling me?

This post has been edited by soules83: Jul 19 2019, 04:10 PM

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.

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.

Bos, You must confirm with bank for the actual balance, AKPK balance sometimes are NOT tally with bank balance. I also dono why both of them are not tally. Final call is on bank , not AKPK.

If you feel doubt about your balance, ask the bank check for you why, but this gonna take some times.

So once you settled with bank , get the confirmation and send to the AKPK.

I already in the rural area, as the housing price keep on increasing and tanah is became more and more limited in town..

Good luck to You too!

Yes..

BAnk CS for AKPK matter is right ...
AKPK itself is wrong.....

Always check with bank..
Or use Excel to simulate the payment period.

Important is your outstanding just before start AKPK.
Difference 1k to 2k is critical.

Bank always.....take outstanding amount x monthly interest 1st ..then deduct your fixed repayment period.

Do it in excel and then you only realise why you still owe that amount..
I kid you not.

This post has been edited by MakNok: Jul 20 2019, 09:22 PM

Ok appointment done, how long will they process the pyment to bank? As my due date is before the akpk appointment . Tota of 33k outstanding now with 5 months default , can akpk still able to help?

This post has been edited by 13aby: Jul 29 2019, 02:48 PM

Hi there, myself also in AKPK program currently. For what I know, AKPK only assist anyone on their debts restructuring exclude car loan and housing loan facilities.

Congrats to you though. Myself still have within 5 years to completely clear. I wish can clear earlier han that. Currently may experience off and on struggle scenarios. Hope can clear 1 by 1 very soon.

if out of AKPK but maintain good ccris can get loan?

my wild guess is YES, if
the AKPK program had passed for some months,
the CCRIS records are still good and
the DSR is still in acceptable range

Thank you for the prompt response brother, appreciate it.

My akpk will start tomorrow for first payment, i ask akpk officer they say if want make more payment or settlement need refer to bank and get release letter but when i ask bank is another way round . So how ? Plan to just enroll akpk mayb 1 year thn settle all the debts

I not sure what is the arrangement currently. My experience way back in 2011 once you got accepted by AKPK you will get a letter from them stating how much to pay each month and the duration until full settlement. The counselor will discuss with you beforehand to come up with a schedule which you are comfortable with.

For my case it took me almost 7 years to completely clear my RM80k ++ debts comprising CC + personal loan. If you got the extra cash to make full settlement just approach the bank and they will give you a redemption letter stating how much to settle and only upon settlement will they issue you with a release letter.

Now i'm living without CC and successfully apply for car and housing loan.

AKPK is right..
AKPK help by negotiating for best rate for 10 year max repayment.

If you intend to settle early...then you will have to approach bank..do settlement...then request bank to upload release letter on AKPK portal.

But then if you have intention to do full settlement after 1 year...it will be a waste as AKPK program only applicable once a lifetime.
In future, if you ever got into finance problem..AKPK is NOT an option anymore.

Hi , Don't be too rushy, It a good timing for you to do cash savings, Force yourself save monthly. Once you paid off your debt , you will be freeman. = )

Do check on AKPK portal...
And ask from AKPK ...the bank contact number...if you think your particular payment is completed from one of the bank.

Again...certain Bank might act blur that you have finish paying and act blur on paying excess monies.

Bank are not honest
I dare to say that because I encounter them....
Might report to our BNM when I got time...

MayBank ....Hong Leong...as in my case.

This post has been edited by MakNok: Aug 9 2019, 05:05 PM

anyone received their bank statement stated "financial charges" even though akpk disburse and pay them some every month? why financial charges so high? what's that?

So if i plan to do settlement , have to ask bank submit the release letter ? Not get from bank and we submit ourself to akpk?