Hi Lil Twist,

I see u r giving very good advice on AKPK.

I only have one question & 1 concern which is

Q:Upon enrolling with AKPK, our personal info will be exposed to the banks/banks debt collectors?For e.g our bank's saving/current account info,our current home/work address,etc.??
As I see on the forms I have to filled, it requires me to state which company I'm working for & my current address.

My concern at the moment is with all these info given to AKPK, it is all release to the banks/bank's debt collectors & quite honestly these ppl r exactly like Ah Longs with their style of collecting back cc repayments for the banks except for using red paints & threatening lives.I'd experiences whereby they kept harrassing me with calls & shouting at me on the phone & at my workplace & refused any negotiations on repayments except "PAY ALL! By tomorrow!" Even though I had been paying little by little.

Due to the horror I'd been through,I'd swore upon my life I'd nvr again have anything to do with banks,except for a saving account for salary payout purpose.I'll never buy a house or have a hire purchase loan for a car.Everthing had been strictly on cash for years now.I'm not running from settling the debts,I just want to settle my debts in peace. If they keep disturbing me at work & I loose my job,how am I supposed to repay them?? To me these banks are licensed Ah Longs...To all that is reading my post,avoid any loans,cc offers by the banks. I had been stopping my loved ones from taking any loans,cc offers as well as cancelling their ccs as well. When u default on ur payment, they come after u like Ah Longs.

So hope you are able to answer my question.

This post has been edited by Onitsuka71: Jul 25 2013, 10:02 PM

Tell them if they continue to "harass" then you will complain to BNM. They have no right to go after families or relatives, but they can go after your father's estate.

Ask them to justify the additional RM3,500. If not, you can threaten to complain to BNM. But then you are still liable for the RM4.8k you owed. you must have missed at least 3-4 payments which resulted in the "summon" issued.


Your info will remain with AKPK but the other banks will know how much debts you have elsewhere because AKPK also needs to justify to the banks why such payment plans are made. And once you enroll with AKPK and a payment plans is established, the bank generally cannot call you for collections unless you did abide the agreed payment plan.

Thanks Boon for the info....I'm glad to hear that my personal info will be safe with AKPK.I really do not mind if the banks know my total debts. Besides Like wat I said...I swore I'll nvr again have anything to do with the banks except for the 1 saving account for my salary payout & I had kept it that way for yrs..learning frm the horror I've been through.I just do not want my personal info to be disclosed out to these "Licensed Ah Longs" to enable them to come harass me at home,at work calling every 2 hours just to say "Pay Now!".I just want to settle my debts in peace. But also through my learning experienced somehow from somewhere ppl will alwiz be the weakest link & will end up disclosing some info to these "Licensed Ah Longs"...I hope AKPK wld be better than that...

This post has been edited by Onitsuka71: Jul 25 2013, 10:22 PM

may i know which department should i call for discount? thanks


This post has been edited by hello2600: Jul 29 2013, 02:58 PM

The collections department.

Hi there, need some help here, i have enrolled with akpk for almost a year. I finally got a stable job now and im planning to settle my CC debt first as i heard it can give me sort of waiver if i can make full settlement. Ive been wondering how low can they give me on the waiver.

Let say my owing them 3k plus interest now becoming 11k, will they accept if i settle it at 5k..?

Thanks.

Hi there, im just trying to help..im a takaful consultant and we have a financial planning course for this call estate management, according to malaysian law, any unsettled debt from the deceased will remained unsettled unless the deceased have some assets that can liquid to paid off the debt..to clarify please google Probate Act or Akta probate. FYI, anyone who passed away...thier banks accounts will be freeze within a month or two for debt settlement. And this where estate planning coming in, i.e will, insurance or takaful...will eased the family burden in paying up the debt.

Same goes with business partnership..but that is another story.

Anyway, you need to find out if your late father left any savings at the banks or check with Amanah Raya if this a very case because that where the monies goes too if unclaimed. Over there maybe they will advice you on what you should do next.

If im not mistaken, you need to get a lawyer as well should your family wanted to claimed the asset.

Hi..may i know i u refering to wat loan??

Dear all,

I settled all my AKPK debts in Jun 2013. I started to apply for credit cards to a few bank, some I never hold their credit cards, and it was still rejected my application? any one know why? I have check my CRISS record, it is clean, and only one home loan I am still serving.....

Some bank even directly decline my application online after click submission? Why is that so hard to apply credit card after AKPK life? Any AKPK officer here to advise?

Any good opinion how to get a credit card after AKPK full settled?

Please advise if any of you working at bank evaluating credit card application. What are the procedures and what can I do to make bank feel good with me? put in fixed deposit?

appreciate any good advices if you have.....

Hi ALL,

1. Anyone here been under AKPK before and managed to get apply new Credit Card or Housing Loan?

2. Any banker here was successful help your client/customers who been under AKPK before to apply credit card/housing?

Please share.
Thanks all.

All bank have joint "database" on who was once a VVIP AKPK.

You as good as signing your death warrant for further CC or loans even though you have settle the debt early.

Why the need for creditcard again or loans since you are flushed with cash at this moments?
Save it and Live Life without Credit headache.

not that simple....
if Credit card also failed then mostly housing loan also will get rejected.
Property price is so high now..if without housing loan how can we buy the house with cash???

Pls enlighten me on that?!.....i.e. the "joint database".

If the underwriting person suspect something amiss, the unspoken practice is they will try to check with their contacts in different banks - verbally (no written confirmation) since it is against BAFIA. Else, what other "joint database" you were talking about since there is no "joint database" besides BNM mandated credit repository, i.e. CCRIS??

Especially when we are talking about consumer business which is mass market. So would they have the time to check every single applications with their other contacts in other banks?!... If Fraud then there is a "shared" information among the banks anti fraud unit.

This post has been edited by b00n: Aug 23 2013, 03:43 AM

from what i understand from my banker friend (upper level management) (UOB,OCBC),
all banks have such system to eradicate those "high risk" loaner or "convicted" felons (hahaha)....etc

Ex-AKPK will hard time getting whatever CC or loans approved.
But,It is still possible provided you have "strong cable" inside those banks.

Tell me, how many of us have a "strong connection" to insider of any banks?

Anyway, Cash is King.

buy using your sons/daugthers/wives name lo.
or
look for reasonable property price then.

I was with AKPK ffor 3 years from 2008 to 2010. I settled all the outstanding and quit from DMP Oct 2010. I managed to get my car loan 35k on January 2011. On Feb I got my OCBC credit card approved. Subsequent I got my Maybank and CIMB credit card approved April 2011. Upgraded my CIMB card to Signature on June 2012.

Got my 2nd car loan 120k on June 2012 and 2 housing loans this year.

When I with DMP, my CCRIS is clean for those housing loans. All prompted payment with excess payments.

Hope this can clear those doubts.

"system" your friend mentions =/= database as such database does not exist.
"system" in this sense is their underwriting criteria. Say for example, if you are a loan officer, and you are processing an applicant which have decent job of the age of 35. Then when you assess his CCRIS to assess his debts and repyment history on other credit facilities, suddenly you see he got nothing in CCRIS. Would that trigger you to probe further??

But then again if you are someone of a younger age, say 22 or 23; that criteria might not exist since you have just graduated.

Hi Adreina,
Thanks for your replied.
Mean without insider connection, to get new cc or housing loan is possible.
at least someone have gave their positive feedback here..thx

Please check the facts before you spoke.

R u an ex akpk? Or you speak with your real case story?

My brother had paid off all the debts n exited akpk few years back. And now he got 2 credit cards n 3 home loans n he got no cable or connection inside any bank.

Excuse me, this is what i gather.
i just state as what i know.

There might be some who managed to get CC either thru other avenues...like Home Loan usually come with CC offer or like Public Mutual Gold also offer CC as well.
What i mean cable or connection is sometimes your bro friends or relative might know someone inside the bank or approval dept.