What do u mean its gone?
There is evidence trail at ur statement state that the 42k is used at which shop/online.

firstly, you need to dispute the charges, not go to AKPK. AKPK is different, please understand clearly.

secondly, if you dispute the charges, you do not need to pay 2K+ (5%) each month, they will investigate the case, if this cannot be solved, you can go to NCC or TCCC, they will help to me solve your dispute with bank

It probably means he swiped until he owed 42k knowing something is wrong and he did not repay whatever he swiped until the bank called him to repay it. 42k won’t miraculously appear in his statement as a mistake.

Also he won’t say it’s his hutang if the amount was unjustly charged to his card. If there is someone like him that will pay back any amount owed through a mistake then I have a bridge in neverland that I am very interested in selling to him.

This post has been edited by GreenSamurai: Jan 4 2020, 10:54 PM

Yes. U are correct. The issue hw i owed 42k is too long to explain and its not the main issue under this topic. And yes if i want i can go to dispute it. But there is a mistake on their side and there is also a mistake on my side, which i decided to owned it, and why i said its my debt to pay. Hutang is hutang and which is why i said im willing to pay for it.

The problem is they want me to pay in lump sum, even when i repeatedly told them i can pay them 5% or more from total balance left every month,but not lump sum at 1 time lah. Believe me i already met with them and each time i go different staff said different things and then there is their CS that keep calling asking to pay in lump sum. And this not even counting the sms and emails.

I'm not running away from my hutang. Im willing to pay for it, but not all 42k lump sum. Tried to negotiate with them but still no solution and all it did was delaying this issue further. this all happen within the span of less than 2 months, and the 1st month I already paid 5% following their staff's advice at their branch. But it seems they are not satisfied with it and still want me to pay all sekaligus.

The funny thing is one of their CS who called me actually suggesting me to go to akpk.

And after some advice from people i know and i did some reading here and there, i decided to go akpk. Yes the term is long and i cannot get any loans. But it is fine by me, just gonna save some cash to settle the debt early then im good to go.

Honestly if the bank willing to negotiate and restructure my debt when i go to see them, i will be able to settle it within less than 4 years with the 18% interest. But as they keep forcing me to pay sekaligus, so now with akpk its only rm500+ for 10 years and a much lower interest.

think very carefully of what you will lose after going to AKPK.
no more loans
no more credit cards
blacklist for many things until you clear all debts.

From experience they won’t call you to pay in one lump sum if you did not default for many months. I had a friend that owed 10k cc and she paid every month 1k until it was cleared and no one from the bank called her at all even though she did not pay lump sum. Also I did some calculation, at 42k with 18% interest will take you around 30 months at max to repay if you pay 2k a month. Significantly shorter than being in akpk. Do reconsider enrolling in akpk. Banks shouldn’t care how long it takes you repay your cc as long as you’re paying per month since they prefer charging you interest. That’s how they earn anyway.

This post has been edited by GreenSamurai: Jan 5 2020, 03:27 AM

just out of curiosity, did your friend that owed 10k cc had the scenario in which in which the amount owed is abt 8x over the approved limits?

i think the bank will call for lump sump re payment since that was an oversight and lapses in their SOPs on the setting and control of loan limits

Yeah i've done a lot of thinking and advices from close ones. Done a lot of research abt DMP too. But i'm working overseas, so i was afraid this whole thing will effect the process of me going in and out of the country, somemore the staff are saying different things so i dont know who to consult when they keep say this and do that.

I still be able to clear the debt shorter than 10 years, and once i cleared it i'll still able to get loans (this from the akpk officer when i ask him).But in the mean time, not gonna get any loan. I mean getting more loan while still in a lot of debt is like digging ur own grave. More $$$ issues. The most important thing for me is settling this 42k 1st.

I never miss out any payment except for this last december which they still calling asking me to pay in lump sum. Not sure ur friend owed from which bank, but maybe my issue is a bit different than her. My 5k limit card was able to go overlimit till 42k which is such a big gap. Bcuz previously when my card went overlimit, it is never more than 5.1k and i will never be able to swipe more. But this time, the transaction went thru till 42k. I went over to their branch to asks why and 2 of their staff said they also not sure and this the 1st time it happen. I got the same answer when their CS called. Which is why i said half of this is their fault, and who do i asks why it can go way overlimit if their staff also said dont know hw it happen. guess thats why they keep wanting me to pay lump sum. Probably something happen on their backend when the 42k happen and they want to cover it up asap?🤔

I can dispute if i can,but the money is gone and dragging this will be wasting longer time. So since i did owed it, no matter what happen that caused the overlimit, i still need to pay it right.

I think it is possible...
I got this colleague who blow his CC limit and refuse to pay.

Ya...5K possible grow to 42k..
It happen because didn't pay the minimum monthly.

Just let it increase because possible can't pay at that time ..maybe no job....or out of country.

Cc is like Ah Long.....once you stop paying the outstanding debt for months..years.....
Outstanding debts will snowballed like popcorn.

No 10k was the max limit. There was no over limit in that scenario.

hello bro.... after you complete AKPK, they will issue you release letter ??

after clearing hsbullshit bank, they immediately email me the settlement letter which also akpk portal has it.

then akpk provided me the release letter on akpk portal too.

status is fullsettlement.

tks bro... me will be "discharge" from AKPK soon in march

This post has been edited by alexkwlee: Jan 8 2020, 08:33 AM

Good to hear. Hope we all have great years ahead.

Hi, may i know that AKPK will affect spouse's FD, her personal saving accounts and her salary received if I decide to join AKPK? I try to register online at AKPK website, but there are columns to request me fill in spouse IC and income.

What is the purpose of filling spouse name, IC and income etc while I just want to settle my personal credit card debts through AKPK?

Mine also March but still owe two bank.
Damn.
Hahaha

no affected at all. your wife can be exclude from join AKPK.
fill in just for record purpose...

I see...I tot they will open my spouse's bank negara file and check whether the total income of us qualified to pass the participate of akpk or not.. my purpose just want to settle my CC debts through AKPK, so all just about my personal credit card debts under my personal name only right? I have a joint account of housing loan under me and my wife name, thats why im curious about any affection.

I call to Bank Negara of my state's branch, they ask me to go Bank Negara counter there to ask anything, but I went to bank negara last week, the staff ask me to register online 1st, no chances for me to ask other questions..

1. Those cc debts need to call each bank to confirm the latest outstanding amount right? what if I success into AKPK, do I still need to bring hardcopy of each bank CC outstanding statement to attend the course or appointment?

2.CCRIS hardcopy can get it printed at bank negara at the same day of AKPK appointment or not? need to wait few days to get the hardcopy or just by machines?

3.Expenses just need to fill in a roughly figure for each item without any exact amount billing attachment right?

3.Any other documents needed for AKPK?

4.Will AKPK affect the worker who work at SG? Lets say permit or PR.