wat happen when we miss 1 monthly repayment to akpk?akpk will cancel your dmp?

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Added on November 18, 2012, 11:25 pmi think the 1st payment is to pay to the bank or just akpk keep it to standby if u 1 month miss or cant make payment.my letter also not stage the repayment tenure and interest.but soon every bank will send u a agreement.so u will know the repayment tenure and the interest.this all depend on the bank.for mine mostly 9% per annum.better than cc 18%

This post has been edited by samsungXP: Nov 18 2012, 11:27 PM

I think you cannot miss any payment...

if the monthly payment is rm1k but 1 month we pay less coz got some problem then how?like pay rm800

Better pay as in the agreement if not they will terminate u

i heard they will send u a reminder letter b4 terminate u if u still not make payment

Thanks for your info. Did you face the same issue as me ? Can you share your experience?

This is a very good thread. Cant believe i can finish up reading all the 22 pages.

Beware of the culprit cc and pl. Luckily oir government has this akpk to help. If not i think the bankruptcy rate will go even higher

if i 1 month cant make payment to akpk due to some financial problem then how?

Why do you want to take the chance? AKPK helps you restructure your debt, but they can only help; you still need to manage your spending and pay your debt as per agreement.

Hi. Anyone knows what will happen once we fully settled the debt in AKPK and released from the programme? ANyone knows if those who finish their AKPK can get credit card or loan? I just finished my settlement and need to know whether its possible or not

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Added on December 15, 2012, 7:06 pmbro, did ur fren manage to apply new loans after AKPK?

This post has been edited by maxsmith: Dec 15 2012, 07:06 PM

Hi guys,

I've been in AKPK for 2 years. My brother in law is willing to help me make full settlements so that I can purchase a house for my family.

The question is, can I really apply for a loan after I make full settlements and cancel AKPK? I really need to confirm this because if not, I don't want to do it, as I'm reluctant to borrow any money from my brother in law and put the burden on him.

If possible I want to quickly apply for personal loan to quickly pay him back. So if I could apply for loans, how long I have to wait after settling AKPK? Anybody got experience?

Thank you so much in advance.

hi, i just registered to this forum just to post this out.
I am 22 yrs old and currently working at bank negara. income 2200
the problem is currently I have these debts :

Car loan : RM390/ month

Personal Loans :
Bank Rakyat RM15k
Bank Islam RM24k
RHB 5k
Previous company koperasi RM16k

these are excluding interest.

I've missed to pay all loans for 5 months, except car loan.
I think i am in serious trouble and about to seek AKPK for helps.

These loans are due to my immature behavior, starting my first job at 21, spending a lot on shopping, entertainment and try to start a business which going nothing...Im still young and i am worried as i have a long journey to go.

Shud i go for akpk?
If i am in akpk programme, can i apply for gov housing loan (as im working in bank negara)

As i posted this out on 31st dec, which means i really want to start a new life, financial freedom.
Thanks in advance.

Yes you should.

Don't wait anymore, hurry call and make appointment.

I'm beginning to collect information as I will be settling my AKPK soon, so I went to Bank Negara to check my CCRIS. I found a couple of banks didn't put AKPK remarks to my accounts but there are no arrears reported so that's fine. However, my personal loan with CIMB not only not under AKPK, but it is in arrears of 15 months! I know they received payments from AKPK as the balance is much lower than it was before I enrolled.

Anybody have this experience? Why do this happen? Once I settle my AKPK my new loan application later will be very difficult with this kind of record. Any advice?

omg, not sure how you manage to apply 24k loan when your salary is just below 2200.

do we need to bring any document for printing our CCRIS report?

No, just your ic

Can. I fully settle my AKPK 3 years earlier back in Nov 2010. I got my credit card and car loan approved Feb 2011. Got my housing loan approved April 2011.

Prepare to live like in hell for few years. God bless you

bro seen help from family member first,i got help from my father to settle it,u really need fast go to AKPK plan,btw dot use anymore future money on credit card.
Good luck.