QUOTE(theanswerL2 @ Jul 11 2014, 10:40 AM)
The bank check your ctos . It show u under akpk program.
Ctos, or ccris?AKPK, debt issue, anyone got a question to ask them?
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 Jul 11 2014, 10:45 AM
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Junior Member
461 posts Joined: Apr 2011 
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Jul 17 2014, 09:02 AM
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Senior Member
710 posts Joined: Jan 2008 From: Kuala Lumpur 
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QUOTE(zul_n @ Jul 11 2014, 10:45 AM) Ctos, or ccris? should be ccris |
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Jul 17 2014, 02:08 PM
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Junior Member
30 posts Joined: May 2005
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I've been under AKPK before but after a few years my payments defaulted but I eventually paid off the banks on my own.
Now I've managed to get new loans and cc but I know it's going out of control and getting harder for me to pay off due to personal issues and a side business I'm trying to start. I called AKPK and asked if I could join the program again and they said there's no promise that my application will be successful but I can still try. What do you guys think? Besides AKPK how can I consolidate my debts? Any advice from sifus? |
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Jul 22 2014, 01:32 AM
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Senior Member
3,212 posts Joined: Jun 2007 From: atas bawah kiri kanan 
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^ I believe with AKPK it'll be one-strike-and-you're-out.
Sorry to be so brash, but that is the reality. But maybe since this is a new application, they might give you a chance. After all, you've cleared all you debts earlier on. For consolidation, AKPK would be the best. Failure to enrol in their programme, you may have to approach your individual FIs and arrange for either lower monthly payments, and/or longer repayment period. You may even ask if your payment can be deferred [but your interest charges may increase, so it'll be hard to settle your outstanding loans]. |
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Jul 27 2014, 12:39 PM
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Junior Member
12 posts Joined: Sep 2010
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QUOTE(luckygal6 @ Apr 23 2014, 10:46 PM) I transferred credit card outstanding balance to akpk RM65K, 6banks with average RM10K, when I want to settle it one time off, I request from bank and each bank give me discount about RM800, that's y I said save few thousand. Have to call each bank to negotiate! Hello,Can share what is your monthly payment for outstanding RM65K? How long to settle it? Rgds,,, |
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Jul 27 2014, 03:02 PM
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Junior Member
12 posts Joined: Sep 2010
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Hello, All,
Get to know some CC restructuring company (bank out-source), they can settle CC debts convert to 60months loan interest start from 6.6% p.a. Clear C.CRIS / C.TOS and 100% approval. Is this legal? How does it works? Need all your advise. Tks. Rgds,,, |
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Jul 27 2014, 03:22 PM
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All Stars
11,954 posts Joined: May 2007 
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why not doing BT to other bank?
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Aug 8 2014, 12:35 PM
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Senior Member
4,299 posts Joined: Sep 2006 From: Your girlfriend's bed
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my dilemma
Personal Loan outstanding 16000 (530/month for 3 years) Balance Transfer 8000 oustanding (242/month 3 years) car 10000 outstanding (600/month) CC Debt 8500 so monthly payments are quite sakit. do you think banks will help me restructure and consolidate? or take another 10-year personal loan to settle them off ? |
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Aug 12 2014, 05:53 PM
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Senior Member
8,739 posts Joined: Aug 2009
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QUOTE(zzzxtreme @ Aug 8 2014, 12:35 PM) my dilemma 3 years pain better than taking another 10 year loan.Personal Loan outstanding 16000 (530/month for 3 years) Balance Transfer 8000 oustanding (242/month 3 years) car 10000 outstanding (600/month) CC Debt 8500 so monthly payments are quite sakit. do you think banks will help me restructure and consolidate? or take another 10-year personal loan to settle them off ? |
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Aug 13 2014, 08:47 PM
Show posts by this member only | IPv6 | Post
#690
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Junior Member
119 posts Joined: Dec 2005
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I would like to ask the members here about my issue.
The car I am driving now legally is under my sister's name, but she 'kuasa' to me and I paid off the last 3 years of the car loan (car is debt-free). Recently she has problems with her business and she decided that she will declared bankrupt (coz the repayment of her business loans are around RM20,000/mth!), and she cant afford to service the loan anymore. So the problem now is that she's telling me to sell the car off now before she will go to the OA. Can I instead transfer the car to my name? Will the OA be able to claw-back on this matter? My thank you for any useful advice... |
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Sep 15 2014, 12:20 PM
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Senior Member
647 posts Joined: Nov 2010
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QUOTE(MaKiMo @ Aug 13 2014, 08:47 PM) I would like to ask the members here about my issue. As far as i know, legally once she is declared a bankrupt, neither you or her can sell the car. So i guess do it before the declaration is made.The car I am driving now legally is under my sister's name, but she 'kuasa' to me and I paid off the last 3 years of the car loan (car is debt-free). Recently she has problems with her business and she decided that she will declared bankrupt (coz the repayment of her business loans are around RM20,000/mth!), and she cant afford to service the loan anymore. So the problem now is that she's telling me to sell the car off now before she will go to the OA. Can I instead transfer the car to my name? Will the OA be able to claw-back on this matter? My thank you for any useful advice... |
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Sep 20 2014, 07:50 PM
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Newbie
1 posts Joined: Sep 2014
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QUOTE(lil twist @ May 12 2009, 08:48 PM) hello there... ^^ would like to let all of you know that if there are questions about AKPK, you can ask me as I work with AKPK... any questions or inquires, I'll try to answer as much as possible... cheers! Hi I would like to ask u .... Akpk requires latest loan n credit card statements , but my latest credit card statements is not up to date of my total outstanding balance... Because I just did cash advance and it wil only show up on next statement which approximately 25 days from now... But I really hv no more money to settle those min payment ... I want to apply akpk ASAP .... In this case, can I submit my statements (does not appear the exact amount that I m owing)... |
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Sep 29 2014, 11:53 AM
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Newbie
4 posts Joined: Nov 2008
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Hello there..the situation is like this.i currently in AKPK programme because i had to pay for my cc and personal loan 15k and my wife cc and loan 15k. i had to join AKPK before because my wife was out of job earlier so all the payment for the card and loans was made by me. but now we are able to afford direct payment to the bank and thinking to buy a house in a year time..should i default my payment to AKPK? but how do i deal with all the bank for restructuring maybe?anyone can help me
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Sep 30 2014, 12:12 AM
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Junior Member
18 posts Joined: Jun 2014
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There are a few choices before step into AKPK programme.
If u think ur commitment/debt is too high, please go and discuss with bankers. Some bank have useful products which may actually help u, especially for settle off credit card or personal loan's debt. I am from bank and just share 1 of my experience here: Last month I meet someone who income is 4k per month, but credit card outstanding is already up to 40k, some more with a car loan of RM8xx per month. Does this sounds like only AKPK can help to lower his financial burden? I success to settle his problem too.  Zero (bad)debt is the best. If already some debt on hand, try to clear it off as soon as possible and avoid taking more debt. If the debt on hand is already a burden for u, find products to save interest/monthly installment (AND MAKE SURE STOP TAKING DEBT!). If approach a few banks and no one can help, then only consider about AKPK programme(or share ur situation with me, i see if bank can help or not  )AKPK will make ur spouse failed to get loan facilities too. Why consider it when there are other choice out there? Always put AKPK as the last choice. Have a nice day |
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Sep 30 2014, 01:03 AM
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Junior Member
18 posts Joined: Jun 2014
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QUOTE(RO Player @ Sep 30 2014, 12:35 AM) banks are just another professional ah long, if they cant get their repayment, they pass this customer acc. to third party collection company which are almost like along with a tie. If we can settle them, as example, 30k CC outstanding, at the monthly installment of 700 per month for 5 years, why not?Heard from them, seen them. Pointless to deal with restructure your debts loan especially CC. If you CC outstanding almost 30k, no point..re-structure your debt by monthly repayment, which is ridiculous to pay them if you have 3 banks CC to pay off. Almost you need to pay 18% yearly compounded. Even they have discount, never total their claim debt amount...and you need to pay them. Best solution, if CC almost 30k..i.e. bankrupt limit.... deal/speak/write with collector/bank, pay half amount or lesser...lump sum payment. Once paid, ask them issue release letter. But mostly bank have 'bad' info about this customer. So pointless to ask for CC from them again. Example only Bank A, 6.5k snowball to almost 30k Bank B, 1.5 snowball to 15k Bank C, BT 6.5k snowball to almost 30k. Total: Actual approx 15k..but over 5-6years...snowball to 75k.. Best solution..deal with bank or bank rep...pay lump sum, around half they claim. In the end, actual owed..15k...pay just 35k, after 5-6years no payments.. be responsible, we make the wrong decision at first, we should bear the consequences. better dont go to the stage that bank agreed to accept lesser amount from u because that means come to a very bad situation already. |
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Sep 30 2014, 11:46 PM
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Newbie
4 posts Joined: Sep 2014
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Hi Guys,
I need some advises, i have outstanding amount of 23k with Amex Corporate Card, and found out that AKPK doesn't entertain this kind of card. I'm planning to enroll in AKPK as i also have personal loans and credit card. This is the only way that i see fit. While i think it should go well for pl and cc, i still need to find a way to solve the Amex problem. Appreciate if you guys can advise on this. I'm stuck. Thanks a lot in advance! This post has been edited by halomalo: Sep 30 2014, 11:48 PM |
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Oct 6 2014, 11:03 AM
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Senior Member
8,739 posts Joined: Aug 2009
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What is your total debt ?
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Oct 23 2014, 07:25 AM
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Senior Member
5,284 posts Joined: Nov 2011
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Under akpk still can apply for Aeon installment plan to buy eletrical product?
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Nov 3 2014, 06:11 PM
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Senior Member
526 posts Joined: Jan 2003 From: Malaysia
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Hi guys, need help here.
I plan to get personal loan to cleR up my name under alps. Will it possible? Any recommendations? |
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Nov 4 2014, 12:58 PM
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Senior Member
11,554 posts Joined: Aug 2009
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QUOTE(Desmond_wch @ Nov 3 2014, 06:11 PM) Hi guys, need help here. Personal loan's interest rate also quite high.I plan to get personal loan to cleR up my name under alps. Will it possible? Any recommendations? Suggest to ask help from your family members or friend that willing to help. Give them 4% of interest rate. |
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