Hello everyone....

Anyone with much AKPK experience here, need help urgently.

I have been under DMP programs for like 8 years now, usually for payments, it's stepping up the amount gradually overtime.

But for me, due to life constraints and difficulties, I didn't manage to step up that much, I requested (2 times) to maintain or increase abit the repayment only.

For the my last 2 years installment, it's a step-up of 200% (RM4,750) of my current payment (RM1,600).

I definitely cannot afford it....


Anyone face this issue before? Can shed some lights?
Can AKPK extend the payment over 10 years?

What I should do?

every month repayment amount should be same.why increasing ?

few years ady, dint increase at all..
still paying same amount

For this case also increasing.

By the way for me, my repayment is the same from beginning till end unless I settled some of the CC...

bro...do you mind to share how from earnings of RM4k can get debt up to 500k? how do you even manage to get such high credit limit for your CCs?

Thank you.

Hi bro, my case is 10 years repayment, first 2 years RM1,250, then 3rd years onwards RM1,600 (2 years), then RM2,300 for remaining 6 years.

But due to my financial problems, I did amount rescheduling 3 times over the years, also 1 year delay on the moratorium too.

So now last payment is 200% more.

FYI, my principal didn't reduce much because I've been rescheduling over and over again, and payments I've made directed mostly to interest charges only.

This morning I talked to the AKPK manager, he said AKPK rule is max 10 years only, I can apply 2nd term of DMP programme but he highly discourages me because it's never ending.

I'm screwed....the pressure is really bearing down on me now...

This post has been edited by plswakeup: Sep 21 2022, 03:09 PM

Should I declare bankrupt for my situation?

If I apply 2nd term and keep paying interest, it's like giving free money to the banks.

total debt how much ? me last time also 10 years but after few years repayment become lower and lower because some bank already settle before 10 years.I wonder why your repayment keep increasing

This post has been edited by samsungXP: Sep 21 2022, 07:22 PM

i think go for AKPK also hard to settle.Interest 9% per year.Max tenure 10 years.Calculate how much u need to pay monthly to AKPK.Think more than rm4k just for the rm500k exclude interest.U mention your monthly income only rm4k

This post has been edited by samsungXP: Sep 21 2022, 07:31 PM

thanks for your comments.

u are right, AKPK can't assist me for this situation. I already decide my next step.

Currently maybe 80k.

Repayment increment over the schedule was based on my request at first..was hopeful things will work out, but it didn't obviously

i read somewhere....that even in bankruft state after few years (3 years) like that...then the debt will be writen off?is this truth?

even though in bankrupt state very sad but it can be writen off instead of countinue to pay over 10 years like that right?

Hi
Want to ask
My monthly payment is 1000
If I settle one of the bank (200)
Sent release letter to akpk

My next month installment amount will be 1000 or 800?

it would be 800 for the balance bank(s). depends on timing of it be reflected. if pay extra, that would be 200 extra that you can pay less the month after which is 600.

yes.....with the person fulfill the repayment KPI which set by DGI.

Hi,

Currently in DMP program paying about rm2k/month. However is it possible to request to reschedule the monthly payment to an amount that is reasonable? At the moment, i dont allocate for emergencies. This will be hard since all other credit facilities are no longer available for me

While waiting for value added responses, my wild guess is can, If, you can show proof that your current income is a lot lesser than before (during DMP negotiation process) and it will gonna stayed low for extended period of time.

Thanks for the reply. Yup I called AKPK this morning they said submit and they will consider. As for my case, my salary is the same as I start the DMP but have additional commitments. Kids get into pre-school.

your monthly income (no need give exact amount)?
private sector or gov?

Anyone experience difficulties in opening a saving account during DMP programme. I try to open Hong Leong bank saving account but was told got some problem. Not sure if it is due to akpk. I Don have any akpk loan with Hong leong bank though. This is going to be a problem for me cause I am supposed to receive a big sum of money but need to have a joint account with family member. If they came to know I have akpk issue, I am going to lose my chance to have tht money.
When I sign up for akpk, I oledi make up my mind no more credit and PL for me but nvr think of not able to open a saving account.