Hi all,

I went to AKPK yesterday to seek advice on long term financial planning. If you have debt issue, you will first have to attend their 1 hour short-course seminar on debt management before arranging appointment with personal counselling with the senior executive. The seminar will tell what and how the AKPK will help you manage your debt in general.

For my case (one who has no serious debt and seek financial planning), I had to attend 4 hours of POWER! seminar. This seminar is useful for young age (18-30) on how to do a good financial planning, how to avoid bad debt and other economic issues.

For debt management 1hour seminar, it is available everyday except wednesday and saturday while POWER! seminar is only on saturday. All of the staffs are from senior exec from BNM and banks. So, with their experience, they can assist you on how to settle your problem if not critical yet.

Oh ya, all are free.. hahaha..

Habis loh

Your future ruined big time because of this huge debts.

Sell house and car is your last chance provided its enough to repay back the bank and there are extra.

If not prepare to suffer BIG time for the next TEN years.

before this my salary RM4500 per month after the company tiba2 close because my bos want to go back to his home town(Korea) and i stuck with my debt and i finally find new job who pay me RM2700 per month..and now i cant pay much for my debt monthly....

i have problem with cc:

hong leong =RM14K
ambank=RM4K
eon bank=RM5K
Aeon credit card=RM5K
RHB =RM6k

Personal Loan
Cimb-RM16K
Aeon=RM3k

car loan
still left 6m to pay
monthly pay=RM410

My salary
RM2700

every month i have to pay

RM2534

left only RM166.00

do you think i can still enter AKPK program?do you think they will accept my application?cause i really dont have jalan already...can somebody tell me what should i do?

what do you mean no jalan at all already? can you get some one to help you for atleast the 6 month? after you finish pay the car then you have extra RM550, try to get part time job to increase income to cover your daily expenses, or try to ask advance salary from your company which you will deduct after you clear off some debt...

Visit AKPK first. Like mentioned countless times they will do consulting first and help you organize your cash flow. If it's needed, they will enroll you and discuss with the banks on your behalf.

This post has been edited by b00n: Jul 1 2011, 12:04 AM

How you accumulate so much debts when you have RM4,500 job? Still not enough money to spend until you have to use future money until so much until taking personal loan????

With the way your spending, whether you get RM10,000 job, you also will get into problem. Gambling habit and play woman is it?

Your case is very susah lar....if AKPK accepts you and you are paying RM1,000 per month, how are you going to survive???

So, first is to examine yourself how to cut down on your bad habits or spending. Then, get AKPK to help you to restructure your loan. Every month, live like a monk for at least the first few years until you get a better job that pay you much higher $$$. But, got to watch out your spending. AKPK no give second chance.

i don't have any habit like gambling and play woman like u say... use my money to pay my mother medical bill,medicine and every month.cause my mother have high blood very serious.so please dont judge me if u do not know my problem...and now when my salary half.....luckily my sister help me to take care of my mother to pay all the medical bil for right now...

This post has been edited by debt2000: Jul 5 2011, 12:58 PM

Yup, i had generalize your situation. I sincerely apologize to you if i had made a wrong judgement on you.

I know many young fellas had get into financial trouble and some are in really deep trouble. Whatever reason that they came out, it is not primary important, the most important is how they can structure a way to get out of trouble.

The way AKPK system can only work not more than 25% of the people who had seek help and really want to solve their problem. The rest only look for a way to delay their problem and thus can prolong their debts.

Many people who after get AKPK help, half way fail out. Even one of my friend who work with AKPK staffs review that AKPK can only temporarily help out and they still sees majority will fail half way thru the program.

So, for your case, if you intend to bail yourself out, you must have the determination to do so. It will be a few years program and you really need to tide thru at least for the first 2 years. After restructuring, which means most of your salary is gone into AKPK program and leave very little for you to live on, you only can take care of yourself and you will have no means to help others such as your mother sickness and etc, unless u dig into more loans and debts. Of course, you will be slightly better off if you can get a better job offer so that this will increase your cash position.

The best way you can do is try to seek job overseas and earn as much $$$ as you can thru higher paid overseas job. For a start, you can go to SIngapore, Australia, UK or whichever country that can pay you good money and earning a higher income will help you solve your debts. But you may not have a life over there as all your $$$ earn is mean for clearing debts. Dont expect to live like an expat as the $$$ earn is not for you to spend it.

Hope this helps.

I don't know if this thread are the right place for me to know the answer. I have a problem with personal loan. Since i can't pay and now I receive the letter from court action. For information, i make a loan with RHB about rm 9000. So what should i do?if i don't attend the court, will i get arrested or what?i'm really scared..plzz help me

Go to see akpk asap.

If you don't attend the court session you can get arrested. Do nego with the bank first. Worse case cannot pay have to declare bankrupt

Usually those are letter of demand.
I.e. they issue summons and letter of demands to ask you to pay up. In the event you still don't pay, they have the rights to sue you bankrupt if your balance is RM30k and above. Those summons and letter of demands wuld then be presented to court as a prove that they have "tried" to collect and send notices multiple times and still you didn't response.

if currently i undergoing with AKPK , can i still loan for a new car.coz currently my car giving me alots of problem after an accident.

Once you're under AKPK scheme, all the facilities under the scheme would be tagged as "K" in CCRIS.
Most bank wouldn't lend since they know you are under AKPK curing scheme.

Just wanted to get more info on AKPK.
1. I was inform by a friend once you have completed the DMP program, the banks will take 2 years to clear your name from CCRIS/CTOS. Is this true?
2. Does this mean during that 2 years if suddenly you get a salary increase (really positive cashflow) you will not be able to buy a house or a car?
3. How long does it take once you register the 45 mins briefing before the councillor will see you with your case? How long does it take before AKPK send letters to the banks to inform that you are under DMP program?

Hope to get some info from all. Thanks.

Pay minimum alll the bill, so you didnt get penality for not pay the bill, do some small business outside they what ever you skill it is or do you extra work they are plenty work out there, beside keep apply for other job so you can earn better.

I second your opinion. Actually if you had a deep trouble in debt. There are only one way which is find more money. Im newly married, for now I got 5 credit card and two personal loan (how much? i will not tell you because if you know you will be faint) . Im an Engineer in KL earn around RM3500. Of course can't cover that debt. So every week I will go to Golf Club to be a caddie. From that money you used to recover back all the credit card debt. Just do that within a half year then you will see the improvement. But I warning you about to be a caddie. You must assume that somebody already put a Tag (Lembu) at your forehead.
If you are work as a profesional you will really annoying to this job. But for your future better sacrifice your ego.

We need to stop blaming other parties for our own mistakes. I'm actually glad there are people who is coming here to find better solutions to their debt problems, rather than continuing to do the same thing expecting different results.

A question, AKPK will only help loans taken from approved financial institutions. Does AEON credit falls under approved financial institution as well?