attend the 1st time akpk briefing no need to bring anything rite?

u can prepare ur questions and ask them during the briefing. if u want meet the consultant at the same day, u can prepare all doc before u go(this is what i see during the 1st breifing).

if i never bring those document so i need make a appointment rite?

after attend the briefing, complete the form and goto counter and tell them u want meet the consultant. please make sure you bring all latest doc specially bank statement.

For 100k debt, any advice for all bros here who have experience with AKPK, should pay monthly?

Can we lengthen the repayment up to 10 years....

Thanks...

Do you guys ever heard of Smart Solution? Just receive a phone call offering financial advise which I think similar to AKPK.
Not sure whether it is a scam or for real so just would like to know if there are any experience on this.
Already made an appointment this Thursday and they request to bring all the bank statements.
My credit debt is roughly around 8k and actually I am considering to do either balance transfer or try my luck with this smart solution company.

Appreciate any thoughts.

Hi guys,

Been going through the thread from pg 1 (well, i skip here and there a bit )

Anyway, just want to share with you possible other alternative that you can consider to help you through financial difficult times

Warning : If you are already in deep hole or going into it, you must first tell yourself that you want to really want and be disciplined and committed to get out of this hole. If you are not and if you exhausted the options i recommended below, you are going to be in deeper hole than where you are now. Pls be warned

Some of what i suggested maybe have been recommended by other forumers. So sorry if these suggestions are duplicates

P.S. Don't flame me if i hurt anyone, ok? just trying to help a bit

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1) You can consider to balance transfer (BT). I am maintaining the BT thread below with spoilers on pg #1 that easily let you refer to those banks offering zero or good interest rates. This will help you to reduce your cost of borrowing but again, you must be discipline to clear your debts

http://forum.lowyat.net/index.php?showtopic=2275275&hl=

2) Consider to refinance your house (if you have). your house should have appreciated in value and if you refinance it, you can gain extra cash to sustain you for a while. Eg. my house when buy worth 300k. loan 270k, after repaying a few years roughly left 250k. my house value according to banks is 450k. so if i want, i can refinance and get 100k++ cash back. for those who have flexi home loan, you can let the extra cash sit on the housing loan acc to reduce interest and withdraw only when needed to pay your bills

Note : bear in mind, there are legal fees involved which can amount to a few k

3) Consider to withdraw your EPF to pay for your house monthly installment. i don't remember which acc is that but this can be done. at least EPF settled partly your debt commitment

4) Housing loan rate adjustment. You can ask ur bank to adjust the rate after certain years (like mine must at least 2 yrs only can do this). if the current housing rate offered is more competitive than what you have originally, you can consider this option. as i know, there are no legal fees involved (was told that but never tried, so can't confirm)

5) consider to sell in mudah / lowyat all those stuff sitting at your home that you seldom use. yeah i know won't generate much cash but better than nothing

6) if you have a home, consider to sublet your extra rooms. my mum last time very pandai. rent the whole apartment (i think got like 4 rooms). rent out 3 small rooms but take master room for ourselves. End up we stay for free + got extra money left to pay for utilities

7) car pool where you can. save your petrol

8) etc

This post has been edited by brotan: Jul 12 2012, 03:55 PM

after u make appointment to meet the counsellor but last min u cant make so how?u still can make another appointment or they dont wan meet u again?my debt for pl and cc is around rm90k.i earning around rm5k per monrh.pay car loan rm300 and house loan rm400.my case akpk can help?

This post has been edited by samsungXP: Jul 13 2012, 04:36 PM

You can sell your car and house to cover the debt. Dont need akpk help

i wont sell my house and car.akpk look my income and commitment sure can help

ur case will be considered one of the easiest case of the day from akpk staff point of view provided u are not in legal action yet. Probably ur payment scheme will be 1k per month. Including car n home loan, ur commitment would be 1.7k per month. Still ok, positive cash flow. Try to get discount for first 2 years so monthly akpk commitment could reduce to let say 800/month..

why u say not in legal action yet?i ord received letter of demand ord coz my citi cc not pay more than 5 month ord

i think letter of demand still ok.. Can try ur luck..

akpk say only cant help those bankrup only.legal case still can rite?

Dear all,

For a monthly commitment of total around RM3.5k (RM120k debt), if AKPK possible to lower the repayment until RM1k/monthly and lengthen the repayment period without any interest addition from the pending banks?

Thanks.

i ord apply the DMP online.at this moment i still need to pay my cc and pl while waiting for akpk status?

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Added on July 19, 2012, 2:50 pmhow long time the bank need to declare someone bankrupcy?

This post has been edited by samsungXP: Jul 19 2012, 02:50 PM

I want to know on this as well..... Do we still need to pay the minimum payment while waiting for AKPK status....

you how long never pay your cc or pl?ord make 1st payment to akpk?

Be it with or without AKPK debt restructuring, one is supposed to pay the minimum due. Else I believe collection calls will still continue to come.
AKPK will help discuss with the banks to reduce interest and convert it into term loan with fixed pay where most of the time it is lower than the normal min due. That is provided the person is qualified for AKPK to help.

how someone know whether qualified for AKPK DMP programme or not

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Added on July 20, 2012, 1:43 pmif the bank call then we can say we ord apply for akpk dmp programme and ask them to hold on

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Added on July 20, 2012, 2:08 pmsince we ord make 1st payment to akpk then where got extra money to pay those cc and pl?1 more question is someone that never pay their cc or pl for few years but they still can get the akpk dmp approved,it is true?

This post has been edited by samsungXP: Jul 20 2012, 02:08 PM