that is bank rate... The actual amount would be from akpk.
Banks will have to manually calculate based on akpk info.

I am trying to clear hong leong. So the bank statement still 18%, so the officer will check and recalculate.

You can meet the bank officer if needed to.

Just my view.
1. you go to bank and ask for settlement...then they give you an amount after calculation.. then asked for discount.
after clearance get a clearance letter and go back to AKPK to clear all if can.

2. refinancing.. not sure the bank will allow you to refinance so fast, but do ask first if they willing to grant you. Ccris would take like 6 month to update the report if I remember correctly. But long time ago, the officer told me that it is up to the bank to honor you.

I am not sure currently as long time not dealing with banks.

I heard in radio adver, seems RHB or hong leong has it if not wrong.

50 a month is very little. Seems like paying off interest only.
You go to hlb, ask the office in credit dept...he or she will calculate and give u a settlement amount. Whether how much u need to nego with them.

I baru noticed that there is a akpk online customer website. We can see details and payment. Not very detail, but can submit release letter for banks that has cleared.

After getting my latest ccris report, I have many accounts that cleared. So going to the banks asap and update this.

So sorry to hear that. I am not sure about it but maybe you should try call the helpline and ask. 03-2616 7766

I am just comment based on layman.

110k credit card assuming, so monthly minimum of 5% per month payment it is RM5.5k. So based on this can you pay RM5.5k a month?

They will take all cc outstanding and also check with you your monthly nett income with commitment. maybe they will see if you can pay rm3k or even 4k.

So depends on what you are capable monthly and also reduce any commitment that not useful for you.

Every person has diff situation..so you see what is best for you.

Ok. Speak with them, they will provide you a figure, then you see what is best. If they offer, 1.6k a month, and you think you can go for 2k, also can.. hehe
of course, clear faster and get out from debt.

I personally dont treat this as deal or profit etc. It would be a life saving situation. If it helps to save you from deep shit, that is a good 'deal' liao.

This is a hard learning experience when it comes to debt. For me, no more CC nor loans and I do not going to step into this 'trap' again.

I already... almost get myself out from Hxll this year.

Fighting! Got money save, invest, grow, focus for your baby(s).

Say bye bye to cc, loans Banks are if we did not control ourselves properly.

Last time process different I think. You check out their website.. This gives you more infor on what to prepare etc.

link to AKPK

Sorry to hear you are victim of retrenchment.

I am not sure current process, last time I go in there direct (no online lagi). best to register online. can call to enquire first.

but on your questions:
a. you need to have a job in order to apply. No payslip, eehhh try see can find one boh.
b. hope current applicants can advise.
c. no.. they can;t touch saving even u go akpk.

Great to hear that.. and hope you get a job soon.

AKPK is one of the solution. Another solution is Genting or Magnum, Damacai, etc.

Once you joined, your current CC card will be stopped. got debit card mah, no worry.

Housing loan and car loan (so called loan with an asset) not covered under AKPK.
All banks are included but not sure about credit service like ACS.

joined like 7 years ago. this year clearing all !!

eeh..be open, no hiding. Dont be axxhxle....like this cannot, that cannot etc.

Saying is easy. If they don't have job.. no choice la.. I heard that too from friends' friends... why la akpk.
They have not been there, so easy to say. Die is easy too. if wanna bankrupt.. go bankrupt with few billions !!


When things get worst.. who kena !!! family members.

Banks will come racing to you to take everything.. not just from you, but from your sis, bro, mom, dad, grand monther, great grandmother, even the one who RIP too.

you owed them, let's say 100k, in the next few months, it suddenly become much more !! penalties, lawyer fees etc.

Bankrupt will be worsen, just open saving account also susah, working in corp cannot.. some even not hiring !!

Again, talk is easy as they have not seen their family eat grass before !!! It is your life, you make the call.

no angry...just sometime some ppl are like that ...you will know

to be frank, i have a friend who is facing this. I really donno what to say for that few years. it is hell for about 10 years overall.
during that time, he got a job, salary was in, but the bank just freeze the account and took the money. so you end up nothing.
yet the bank has ppl come to office to look for him and 'threaten'. he brought him out to a mamak and my friend brings out a knife to threaten back. it is to that extend. No life... he is alive till today because of his family that he needs to jaga.

Why no hire.. FSI obviously wont hire bankrupt ppl. some MNC also not. When you have no bank account to use, how to hire.

he has a nice house, the bank just take it for lelong then still owing the bank on the loan.
bank took his car and lelong, still owing the bank.

So the moral of story, the banks owns your property..take it from you if can, selling and you still owe them big time.
You see the banks works this way.

1. When they want your money, they will want it now. if no pay, interest and penalties.
2. when bank owes you money, example overpay, you have to go to the bank to submit application and wait at least 1 week to 3 weeks to get it back. WTX.

BTW, He only managed to get some help from insolvency department and open an bank account since last year. Things getting better.

Should not be..I worked in 2 banks after enrolled AKPK too. their questioned in paper about bankruptcy which I put no, I did not mentioned any akpk.