hi, after reading from 1st post til 521st post, I decide to to post and ask for your opinion on my situation.

I owe banks on PL and CC about 50k and didn't pay for the last 6 years, didnt bother how much the interest accumulated

and I know there is nothing bad or wrong if go AKPK (most of you concern about getting new loan or CC canceled) , because I am used to live without CC just debit card now so it is fine with me.

However I wont go to AKPK yet which most of the Sifus always say is the last option to go. The reason is I have a house but loan under wife name (but i m the one pay for it on time).

The question is
1) should I refinance the house loan of course under my wife name? since the interest rate is lower.

2) the house bank value is RM100k than when we bought. So shall I take take the avantages to refinance 50k more of the previous loan amount. then I have the extra money then go into the bank direct meet the officer and nego for the discounted amount to settle once and for all. The bank that I owed is HLB, CIMB, MBB and Citibank. Are these banks friendly to give us discount to pay in one lumsum?

after all the sifus reading my situation, does the idea of refinancing can solve the problem?

thanks

It is a tough 10 years plus the years before akpk. Before akpk, I sold my hse to reduce commitment, change to a smaller cheaper car too.

Has been renting house, moving house to house for at least 4 times.  Getting a old car for my wife for fetching daughter to-fro school while I am working.
Then moving to another state for lower commitment too and old car broke down which managed to get another car last 2019.
All on ewallet and debit (prepaid card)

So, slowly getting thru any changes and get foundation back as would try buy a hse now.

Tiring...but have to move on.

No...remaining 2 years will be the most. I'm not sure about others. All banks will take 10 years to clear also...so the first few years you will be paying the interest only. The final years will be the capital. So if you got money, you clear AKPK in the latter stages is not making a big differences in total.

hi guys.. had cleared all my debt and release from akpk on nov 2020, did check my ccris ctos as well with clear record... but still failed to apply any credit card from most of the bank as my purpose to create some good credit record for sooner housing loan purpose... some told me need 6months time to eligible for CC or loan application.. is dat true or anything i can do to solve this?

i tot need atleast some credit record for loan application wud be easier? planning to get a hse soon within this or next yr.. so tot to do some preparation.

some1 told me to place an FD so cud get the card easier.. but not sure if this akpk record effect my others loan application in future.

no harm if you call them to get the advise..

Sorry to hear this....You can call akpk for advice.  Maybe there is a way.

On the other hand, if u can get isinar, as an option to buy sometime for you to go get new job too.  Just a suggestion.

Moratorium can be apply start on 7/7/2021. Take note on the interest rate before you sign...