salute to u bro..how come across your mind to work part time as caddie? How much u earn per day?

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

It is better to check with akpk directly

Hi all ...i have a super big finance problem right now....

Credit Card

HSBC = -20K
UOB = -15K
SCB = -43K
MBB = -15K

Total = -93k


Personal Loan

HLB = -8K
UOB= -15K
Alliance = -40k
OCBC = -40k
HSBC = -10k
EON = -45k
RHB = -56k

Total =-215k

Before im the director of Handphone shop...
so my income around 16k per month....
but i go genting play casino lose all my money....and shop already close...now im just start work with my cousin as supervisor @ 1month Rm3200 basic...

Bank Loan i have to pay around 10k everymonth....

i have no cash to pay for loan and credit card for 1~2 month...
so may i know AKPK will help me ?

now i only need pay for
Car = RM 800
Insurance = RM600
Family = RM 500
House Loan = RM 500 ( share with my brother )
So balance i only have RM800 extra per month...

anyone can give me advise ?
i really feel i have no jalan d....because i got hutang ah long 10k somemore....
should i go AKPK ? or try talk to bank ?

You should go to AKPK.
Banks usually wouldn't barge in negotiating to reduce the installment by a lot.

Akpk will not be able to help in your case stated above. Better ask your family members to pool money for you to pay off your debts especially the ah long one. Else, either you "run road" or "bankrupcy" is the option left provided you settle the ah long's loan.

if you visit akpk, they will ask you to sell your house and sell your car, but looking at your debts, that's not enough as you only have a 3,200 income.

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Added on November 8, 2011, 2:22 pmSome female caddies can really earn "money" provided they know how to seduce the rich golfers....

This post has been edited by Tigerr: Nov 8 2011, 02:22 PM

Some of the very basic rule of living within means:


When you are desperate, don't do take desperate measure or digging a bigger hole to cover a smaller hole to begin with...

I like how some old saying,..." dont start another fire while you putting out one..."

This post has been edited by gamenoob: Nov 8 2011, 03:14 PM

tiger, ur case does look serious. what akpk does is to nego v da various FIs on ur outstanding balance n reduce it to smaller amount so tat u cud repay ur monthly instalment for a looooong period. u now owe more than $200k n i donno how akpk cud help to reduce da monthly repayment to say $50 per FI. well u can always try talking to them n i believe they will try their best to help.

Haha....it is not me lar...the problem is with Dunhill lar...

But seriously speaking, akpk in this case will not be able to help and they will reject the case as the applicants income is not enough to do the minimal repayment to all the financial institution plus the more urgent one is to clear the ah long's debt. Else, forever he indebted to the ah long and may be need to borrow more to pay off this one....

ops sorry la tigerr, was reading the wrong post
well yea looking at his situation it definitely doesn't look good but no harm trying as i don't see any other way he could get it resolved (apart from borrowing money from family or friends).

Start selling asset will be first to start with, even before going to akpk

bankruptcy is the only option.
settle the ah long 10k first....

hi guys,
i have income around 3K and my CC debt is 15K. Shud i proceed with Debt Management Program with AKPK? I am going to attend POWER seminar on December. I wonder if they provide free counseling on that day.

Expert. Any idea?

Why?
5% of RM15k is a monthly repayment of RM750 per month.
If you are discipline enough not to spend further on your card, and pay the monthly min pay of 5% or more, eg RM1k per month; why do you need to approach AKPK?

Unless you're saying there's other expenses that comes in besides that which makes your monthly expenditure more than what you earned.

don't approach akpk until it's the last resort. once you're in the program there are many things that will be affected especially your credit rating and subsequently difficulty to apply for loan WHEN YOU REALLY NEED IT. can try to restructure your debt with the respective FI into term loan or something that is lower in interest. after that cancel/cut off all your CC and be discipline in repaying your debt.

Is not advisable to get akpk help unless very necessary. Suggest you cut your cc now and make arrangement with bank to have monthly payment to clear it out.

hey thanks guys for the advise. i already cut my CC (physically) 3 months agp. it just i think i can't control my debt. Am paying a lot every month around 700. But after i ask few forumers here, it is better for me to be more discipline on my money management rather than enroll in DMP.

Am not sure where i read this, but they said, u need to have confident with your money.

Maybe all i need now is confident and group support (if exist)



This post has been edited by megat_johan: Nov 21 2011, 08:34 AM

trust us. it's good that you've already cut all your CC and repaying RM700 a month to settle your debt is manageable. i've been through the DMP myself few years back and if given a chance i would not do it. now that i've settled all my debt and is back to healthy level again!
just be discipline, not much choice you have but to sacrifice all the good things for temporary until you're debt-free.

This post has been edited by venven81: Nov 21 2011, 05:31 PM

congratz! i cant wait to be 'healthy' again. Wish me luck then. I'll try to keep update on the progress so perhaps, others can take a lesson from it.

Yes, Aeon falls under it. Im currently in AKPK program. I've paid all my AEON credit debt a month ago. Now left with 2 cc debt. A bit of advise to all planning to enroll in AKPK, get all the things that you want first ie house loan, car loan, investment loan, (ASB etc), before enrolling or else its very hard for you in future. And after joining AKPK, make sure to pay the repayment at least a month in advance coz they are strict. One you miss the payment dateline than thats it.. No turning back. AKPK helped me a lot. Used to put aside rm1500 a month just to pay credit card/personal loan debt.. now just pay rm300.