You need to nego with the bank.

depend, some people less then a week while some 1 month, becoz they (AKPK) will nego with the bank first then see how


try nego with the bank first if fail, go to akpk.

Hi,
Can anyone please clarify, I want to make full settlement for my credit card. Been under akpk for about 1year++.After making full settlement, do i need to cancel my card or it was canceled since joining akpk?
Been wondering as in online banking my card is still there..

It doesn't make sense to me how AKPK "help" me restructure my debt. Forumer, I am a guarantor to my mother's car loan and she defaulted. So I asked Maybank and it is willing to give me 40%. I was thinking that AKPK can help me, then I go to AKPK. You guys won't believe what they say after 1 month I apply. Instead of getting more discount, AKPK ask me to pay for the FULL AMOUNT without discount. So I went to AKPK, instead of paying less, AKPK ask me to pay MORE!!!!! IS this how AKLP HELP us!!!!!!

the success story in AKPK website sounds alot like soap drama...

http://www.akpk.org.my/learning/success-stories


Are they for real??

look like a lot of ppl dont know what AKPK do

1. your are not bankrupt
2. max repayment is 10 years
3. your income is able to payoff you debts within 10 years
4. AKPK will nego with the bank for the interest rate. so diff ppl will get diff rate.
5. those house/car lelong and still got balance need to be paid also can apply
6. bring along the lawyer letter from bank (if any), AKPK will help you to stop the legal action
7. you still can apply loan when you are in AKPK program but not CC(depend on bank want to approve or not)
8. if you cancel the AKPK program you have to wait 1 year to apply.
9. if you fail to pay AKPK, the program will be cancel, and you are disqualified to apply again.(whole life)
10. once you join AKPK, all CC will be cancelled and you are not able to apply when you are in AKPK program

currently i only remember this. will add on when i remember.
AKPK got briefing every weekdays, you can go the briefing 1st to understand then only decide to join or not
mon-thurs 10am-11am, 12pm-1pm and 3pm-4pm
fri 10am-11am, 12pm-1pm

Once you enroll into DMP, all your credit cards will be terminated. You are no longer able to get any sort of borrowing from any bank until you fully settle your debts.

my DMP ord approved 2 weeks ago but why my cc statement they still charge me late charge,annual card charge?

for this you need to take initiative to contact the credit card issuer and let them know of the charges. inform them that you're under AKPK program and then they will waive it in your next statement. you have to do this every month!!! kinda screwed up system they have huh?

they should know we r under akpk.why we still need to inform them

I received a call from a credit card debt restructuring company. They offering to restructure all my card debts into monthly installment of 3 years at an interest rate of 9%p.a

Just wondering what kind of service are this and are they legit? The company name is sbh consultancy management located in bukit jalil.

that's why i

Hi all sifus,

Need to ask this for my relative. She has credit card outstanding amount totalling RM160k with 5 banks. I am willing to help her out to settle her debts completely but I only have RM100k. Can she negotiate with the respective banks to get a discount for full settlement? If yes, is it better for her to default on all her credit card payments for, say, 5 to 6 months, and then negotiate with the banks. Otherwise, the banks might say her payment records are clean so far and might not offer discounts.(not knowing that she already in deep trouble juggling the holes with few covers). I really wish to settle her nightmare once and for all and hope she learns a lesson after this.

TQ

i ord starting paying akpk monthly installment.the question is how i know wat is the lastest outstanding balance that i still owe the bank coz i know akpk wont sent any statement to us.now my monthly installment is rm1.2k monthly.can i reduce the amount of monthly installment on the 2nd year?

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Added on August 27, 2012, 11:02 pmi ord in akpk dmp for 1 month but why i still received lawyer letter from bank ask for payment?

This post has been edited by samsungXP: Aug 27 2012, 11:02 PM

hi there, i would like to ask if im not under any debt, and i dont own any credit cards, just that i have a very poor financial management in the sense that i totally dont know how to save my money...can i seek advice from akpk???

Hi all,

I have about 30K owed on different credit cards. i wish get a loan to consolidate all the debts but since my payment record isnt perfect, the application was rejected.

Chong

This post has been edited by MilesAndMore: Sep 11 2012, 12:35 AM

You dont need loan to pay off. Just be discipline to pay off 1 card at the time

Not that i dont want to be discipline, the monthly repayment has exceeded the amount of money i can pay for each month.

AKPK is a good option but i prefer to get a loan, as i dont want any AKPK record on my CCRIS

The effective interest expense u will incur from getting a personal loan gonna be higher than that u getting from credit cards.

My advice, forget about personal loan. Focus on making prompt repayment every month, and STOP using the cards altogether. What u need is financial discipline, personal loan is not gonna help. It might even snowball your debt problem.

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