heard from a buddy that one of the officer at AKPK apply for credit card but rejected coz too risky. So funny that these ppl are supposely expert but also got financial diff

they are normal human beings too my friend... doesnt mean they drive mercedes they dont have debts... many people do... they just have their own ways of handling it or they go to wherever places that they can get help...

dont judge a book by its cover...

hi all,

b4 you approach akpk, is better to talk to your bank 1st, chat nicely with them and possibility can get a ride-off if the amount not so big or under the manager approved amount.

this is for those having few cc which 1 or 2 cc with low debts under rm3k

so guys / gals, what you waiting for? chat with your cc bank 1st.

if lucky gets ride-off and sure your feeling likes striking lottery ~~

bro,

Pls check my PM..thanks

sorry, just want to ask, if now i under debt management program, can i go to open account for buy share?

PM replied...

yes you can... under DMP, you can't get credit facilities only... like loans, CC... others like open an account, shouldn't be a problem bro...

U should chat wif the bank first, some banks allow things like restructuring. They convert u cc outstanding into lower fixed repayment like loans but they still charge u normal cc charges i thing. But then ur cc will be put on hold as u cant use ur cc any more.

Thats juz my opinion.

Hi....i will like to ask....once a person is in a AKPK program, can that person apply for a refinance home loan???



Thank You



This post has been edited by Sharlie: Jul 24 2009, 07:48 PM

basically, what they do is give term loans if its necessary... unfortunately, they usually refuse to give this because of certain measures taken by the banks... so, better ask them first whether they be able to give it or not...

nope, you can't apply any loans if you're in DMP...

afaik, akpk do not tell the bank whether to approve your loan or not although its shown in your record tht ure under dmp. end of the day, its still depending on the bank whether to approve ur loan or not...

thts wht the akpk officer told me.

that's true my friend... but as you should know by then, the banks will not help you out coz if they want to, they should help everyone from the very beginning... when people seek for refinancing or rescheduling their loans with the respective banks...

end of the day, will definitely be a no no...

hi,

CC debt around 12K
personal loan around 10K

should i go for:
1. balance transfer
2. akpk
3. EPP
4. house loan refinance

?? kinda confuse now.. sigh..

hi there...

basically, what you need to do is to see what can you reduce in amount...
obviously the CC's interest will kill you anytime...
so, below i break down some opinion:

Balance Transfer
- interest quite competitive...
- short term only (6, 9, 12, 18, 24 months)
- you still have buying power (add more CC)

AKPK
- competitive interest rate...
- no buying power (cannot apply for ANY credit facilities)
- up to 10 years
- teach you to control your desire

EPP (not sure on this)

Refinancing of housing loan
- get extra income from the refinancing
- longer period
- you're gonna pay more for interest, and lose quite a lot as well
- still able to apply for any loans if want la

at the end, its up to u which suits you the best... i can only suggest you, give opinions, but not answers...
hope the above helps you to decide...

feel free to PM me for further discussions should you need any...

I plan to enroll now since i got no choice.

Btw, i think my total CC and Personal Loan would reach 28k if combine all. Assuming i will apply for this and income as below:
Nett income: RM 2250
1. Pay hire purchase 420
2. Pay Family RM 1200 for my parents
3. Pay 350 for my rental
3. After deduct i left rm 250. I am really not sure how would the AKPK help since they r unable to combine my hp with my cc and pl.

Really confused now. Can i request for only Rm 100 payment per month for the first 2 year. If yes how big is my chance. I need to have some saving before its too late.

How long will i would know my application result. Will this take long time to confirm?

Thanks!!!!

guys, i got a serious situation now. i got debts with 5 licenced money lender.
4 i loaned RM1.5k each, 1 more is RM5k. so because of trusted friends. i even lose my good job salary RM2.5k per month. now im jobless, how am i supposed to settle this problem. im really regret for my mistake!!!!
by the way, im still got car hired purchase debt with public bank around RM20k
is there any solution for me?! guys please help me out?!

Good to hear that... take the step to ease your burden in the future mate!

ok, based on your information, i can say you have high chance to be enrolled. but, to get RM100 for the 1st 2 years im not sure but you can always request. if you dont ask, you'll never know. so, i suggest you to go to AKPK and see the counsellor to get confirmation. basically, worst come to worst, you installment might be slightly higher, and they will give you options and suggestions to how you can manage it...

the only solution for you is to get a job like right now. since you have loans with money lender, its an issue on life and death mate. in case you've been threatened, report to police and seek for help with the gov for temporary immunity while you get a job. I must say, its a risky life ahead of you. good luck.

Wow, u are good son. Does your parents rely on you for a living? Else I think you may want to negotiate with them on this amount. I think AKPK may ask u the same question too.

Hi,

I went to AKPK last week for DMP briefing and counseling.

As i want to settle all my debts (CC and PL) total about RM40K, they suggest me to pay for RM400 for 2 years and RM500 after 2 years in DMP.

It will cost me to pay nearly rm1K/mth if i pay normal.

For those who have no idea to settle ur debts, I recommended u to go AKPK...

Wow!! U can get like a huge discount!

RM400 * 24 = 9600
RM500 * 24 = 12000
Total : 21600

Which almost 20k discount....

hi all sifu here,

if i'm out from akpk program

can i refinance home loan with other banks in malaysia in the future?


out from akpk already 1 years

thanks