whether cash or Credit card....must sure have receipt right?
the receipt sure got name of the company that issue the received of that payment right?
what is it stated purposes? is there a receipt?

This post has been edited by MUM: Feb 25 2020, 02:37 PM

googled and found this....

Who is entitled?
Any individual who satisfies the DMP criteria of:
https://www.akpk.org.my/content/198-debt-ma...t-programme-dmp

Types of facilities (FAQs)
1) Can my personal loan under salary deduction be restructured in the DMP?
Restructuring of personal loans through salary deduction is allowed only for the following financial institutions:

3) Can a hire-purchase be restructured under the DMP?
Yes, but only hire purchase loans with following financial institutions:

4) Can a housing loan be restructured under the DMP?
Yes, but only housing loans with following financial institutions:

https://www.akpk.org.my/content/1030-faq-en

my guess is from the view of the collector....
how can they be sure that you already joint AKPK?

if you are really joint AKPK for that OCBC loan issue.....
try tell them politely, that you had already joint AKPK for that OCBC loan issue and tell them that they are welcome to take what ever action they liked ....

according to the image at 2 post up
it mentioned start 1 Apr

to cut down on interest....I think need to clear the one that has the highest interest rate charged by the bank first.

googled and found this....
..... if you transfer an apartment unit to your relative in the face of impending bankruptcy, the DGI can make it void, and subsequently seize and liquidate that piece of property through an auction.
If you sell the property, however, at fair market value, it may not be seized, as it could be viewed ‘in good faith’, meaning that you did not sell the property to with intentions to protect it from the bankruptcy.
https://loanstreet.com.my/learning-centre/b...perty-ownership

google and found this....decade old info....
https://www.facebook.com/AKPKofficial/posts...i/286999123293/

Someone has taken out bankruptcy proceedings against me – can I quickly transfer my property to my wife or family members to save my assets?

There is no point in doing this if you are trying to defeat, hinder or delay your creditors. Under the Bankruptcy Act, any settlement or transfer of property shall be void against the Director General of Insolvency if the settler becomes a bankrupt within 2 years after the date of settlement.
If the settlor becomes bankrupt within 5 years after the date of settlement, the settlement or transfer of property will be void unless the parties can show that the settlor was able to pay all his debts at the time of making the settlement without the aid of the property.
The only exception is where (a) the settlement was made before or in consideration of marriage or (b) if the settlement was made to a purchaser in good faith and for valuable consideration.
https://dnh.com.my/frequently-asked-questio...out-bankruptcy/

Scenario
Abu was a businessman and married to his wife, Samah in year 2006. In the same year, Abu transferred two (2) of his bungalows to Samah without any consideration.
In year 2010, Abu was declared bankrupt. The Official Assignee of Abu claims that the said transfer should be void and thus falls under the authority of Official Assignee whilst Samah claims that the bungalows are hers. Which claims should be true??

Mythbusted.
Under section 52(1) of the Bankrutcy Act 1967, any transfer of property made by the bankrupt , in our case, Abu, shall be void against the insolvency department, ie: Official Assignee if Abu becomes bankrupt within 5 years after the said transfer of property, except for:-

the settlement/transfer is made before and in consideration of marriage; or
a settlement/transfer made in favour of a purchaser in good faith and for valuable consideration; or
a settlement/transfer made on or for the wife or children of the settler of property which has accrued to the settler after marriage in right of his wife,
In this case, it is the duty of Samah to prove to the court that the said transfer of bungalows fell under limb (1), i.e: The property is made in consideration of the marriage between Abu and Samah.
http://churassociates.com/2013/08/mythbust...ankruptcy-void/

DMP (Debt Management Programme) Application Process
https://www.akpk.org.my/content/199-dmp-deb...ication-process

if you see from this link,...their AKPk branch and Counselling office open only on certain days/hours...
https://www.akpk.org.my/contact-us#map-our-locations

btw, how long does it takes from full settlement to get this AKPK letter?
is it automatic sent by AKPK or you need to inform AKPK with all the "banks clearance letters" (assuming that are needed)

according to this site....
looks like NONE as,.....

The credit report containing the individual’s credit information can be obtained by individuals through the following channels:
http://creditbureau.bnm.gov.my/reportobtain.html

(even the online channel is thru them....)

is your study loan from PTPTN?

Can AKPK restructure education loans?
AKPK can only restructure education loans with PTPTN.
https://www.akpk.org.my/faq-en

got this from google, just not sure if this is still applicable...

How do I get my credit report?
Getting you credit (or CCRIS) report is as simple .......
https://ringgitplus.com/en/blog/banking/get...ank-negara.html

they have interest charged, thus definitely the total sump repaid will be more than what you owed

This post has been edited by MUM: Jul 23 2020, 12:53 PM

i think Ctos or CCRIS will clear only after getting the information provided by the respective financial institutions...

read post 575
https://forum.lowyat.net/topic/876712/+560#...er%20AKPK%20DMP.

according to this....

"KUALA LUMPUR, June 20 ― The Credit Counselling and Debt Management Agency (AKPK), is ready to provide financial counselling and loan rescheduling services to individuals facing post-moratorium debt repayment problems.

AKPK’s Corporate Communications Department Head Mohamed Khalil Jamaldin in a statement today said, it follows the implementation of the moratorium that will expire in about three months, on September 30.

...for those who are still struggling financially and going through difficult times, they are urged to seek some early assistance by contacting their respective financial institutions or AKPK,” he said in the statement.

AKPK can be contacted at the customer service line 03-2616 7766 or via its website www.akpk.org.my as well as the link bit.ly/AKPKdmp2020."

https://www.akpk.org.my/news

Can a hire-purchase be restructured under the DMP?
Yes, but only hire purchase loans with following financial institutions:
Bank Islam Malaysia Berhad
AmBank (M) Berhad, AmIslamic Bank Berhad

A hire purchase with other financial service providers may be considered on a case-to-case basis.
https://www.akpk.org.my/faq-en

same like those that put money in FD,...in the long run, his deposited amount also become double....

that is the magic of compound interest.....

this is what world bank had said about that in Malaysia in Dec 2019

https://www.scmp.com/news/asia/southeast-as...ond-their-means