Coz this 2 month got some problem.need to told them?

I suppose you could try contact akpk and let them know about your situation

Hi all,

Need your advice.

My friends owed few banks amounted to 60k ranging from overdraft, CC and personal loan.

Each amount varies from as small as 1.5k till 20k.

My question is; can my friend negotiate with bank to pay off remaining balance provided he have a chunk of money in hand?

E.G:

Debt balance A: RM1.5K

Debt balance B: RM3K

Debt balance C: RM20K

To what extend the offset amount can be discounted off through negotiation with bank? If yes; what department in bank can he look for for these negotiation?

Btw; he is already on AKPK monthly repayment scheme but I suggested that even with AKPK; those bank interest rates are kind killing the initial sum repayment off.

Thanks for you help.

Not sure since each bank got their own discounted rate.

Just call the customer service and explain you want clear your debt earlier.

For sure if your fren plan to settle it off earlier, the bank will give some discounted rate.

hi guys im a student doing an assignment on debt management,
i was wondering if i were to enroll into akpk, how would they restructure my cashflow. can i know what will they do exactly?
if i were to have a 10k credit card debt and 18% interest rate p.a charged on a monthly basis. rm3300 salary and after deductions its rm2640, car hire is 525 and rental is 650, day to day living expense is 900.
if you are able to help me find out what can akpk do with these figures i will be very grateful thank you in advance!

They got their own calculation

No one will know how much they restructure your debt but normally the interest rate will be between 8-9%

Hope this info help you

Pls contact the agency telling them your intention to know further. I believe they will gladly help. They do conduct roadshows every now and then.

Hope someone here can help. If someone dies with debts (example: credit card and personal loan) and he/she has no asset, does the family member (spouse/children) need to bear the debts? Since unsecured loan like credit card and personal loan don have any guarantor or collateral..

I think nope (please clarify if i'm wrong)

Hi guys, currently owing credit card with personal loans amount to 50k

Credit card 25k
Personal loan 22k

Monthly fixed income abt 4k, with total amount min payment I can't meet it..
I am currently thinking to repay it for credit card first, then follow by personal loan.. means stop paying personal loan in the mean time..

Will there by any issue from the as for the personal loan? or should just go for akpk instead?

I will highly advise you make an appointment with AKPK

if not mistaken, some credit cards force people to take insurance so that if anything happen to you.. the insurance will auto pay off all your debt.
so based on this understanding, yes the family members need to continue pay the debt.

I think it's offered under islamic banking if not mistaken (please correct me if i m wrong )

Mine under citibank..

any1 settle early ? can share how ur experience ? im in progress to clear all. need to call up individual banks collection center in KL. None of banks i contacted , offer any discount. damn

You can ask bank for discount for early settlement. I just settle all my account in June 2013.

All bank given me discounts, citibank, maybank, RHB, Ambank.........EXCEPT HSBC, you won't even get a cents of discount.

You just need to make a call to them to ask for it.

Good luck.

Anyone here successful apply housing loan, credit card, personal after quit from AKPK program.
Please share..thanks

I'm also having similar question regarding to these. my late father also has debts (personal loan) but he didn't tell us while he still alive. yesterday we receives a notice letter from bank, and it was a final notice. the 1st and 2nd letter was dumped away by my mum as she thought it was a chain letter (surat berantai) from those 'get rich quick schemes' syndicates. the bank even has called us several times that causing my mom feared to pick the phone. so does our family members have to pay my late father's debt in behalf?

Im having an urgent issue here.
I just received a call this morning from Maybank, they want to issue a summon for if i couldnt clear it within later in the day.
My CC still have 4.8k outstanding, they already sent it to lawyer, if i couldnt paid i will receive a lawyer letter and i need to paid extra 3500 + 4800 = 8500.
I already contact person in charge with my case and they said no discussion at all, just paid the outstanding within today or receive lawyer letter.

Please sent me advise or any consultant can help me in my case.
Your help will be highly appreciated.

If you case already serious till legal action, better for you to go borrow money from your family and relatives to settle it. AKPK won't save you when come to this stage and it takes 2-3 months time to settle down with AKPK.

As for reference to others, go to AKPK unless you have really no choice. If small amount better don't go........