max 12months more to go as per agreement but foresee in between, there will some 'drop off'

I have served 9 years already with RM2500 monthly. Bite bullet to go thru this. Life and thinking also changed since.
I know it is hard to some extend, but since I am the one create this shxt, I will have to face it.
Hold on and move on.

This post has been edited by Kiefer: Jun 4 2018, 02:29 PM

housing loan.. i saw akpk website got mentioned. Possible not all banks yet.
I don't do this as last time dont have this housing plan.


ya... sooooonnnn can't wait for this. :>

no need celebrate.. just as long as all here cleared our debts asap and no more getting back to bad situation again.
fighting !!

hahahah.. it is only 1 opportunity.

I am in the midst to move to other location, been on house rental since. Hope for greater future for all of us !

You can still travel. I travelled many times on biz trips and some personal trips too. So no problem and you can renew passport too.

EPF.. I don't think so. EPF is saving for 'old time', cannot touch ler. If you are 50yo, you can take out Account 2 and clear the debt if want to. Beware of scam for those '3rd party' that say can.

**there is one time - I think 2 months ago, someone called saying he is from akpk, asking me for this and that, I asked him 'you from akpk, what is your name, which branch and employee id?? i want to call direct to akpk hq and enquire as I know akpk won't call for 'promotion' or anything. Where you get my contact??!?!"
he just close the call.

Ya.. as will still serve under akpk. no new loan or cc can be applied during the period.

eventhough you cleared akpk, it is still up to bank decision to approve it.

If you capable, does not mean you will be tied up for 10years. some can clear it faster but having monthly payment more to shorten the jail sentence.

Once you cleared the AKPK, there should be a letter from AKPK on 'clearance'. Suggest to print that and go to each bank for their clearance as well. Some bank teruk one. I called akpk hotline also, they said best to get a letter from bank(s) to confirm you are done with the debt.

in the last few posts, there are few ppl has shared their experiences.. should be okay.

if your friend so scared of jailed 10 years, why before he syiok syiok not scared of kena bankrupt. I just cant understand some human.
If scared kena 'jailed' for 15 years, then don't take akpk. just pay off all the debt at one go, dont get into can't pay debt situation and ended up bankruptcy. it is his choice. You did your best as a friend to advise him. He has to make the decision. So be it if he wanted his way and we all don't need to waste our time.

Thanks.

Nope... no calls from akpk, no agent or what so ever. I got call previously, i asked name, branch, etc and said AKPK no call ppl, he just close the call.

Just like Lemang mentioned.

Nowadays, many scammers... just becareful not to share any personal information.

Even after apply broadband also someone called to ask about IC, address, etc etc.. I did not share anything, this is data privacy issue and I have the right not to share. All information already provided during application... now again, must be kidding right... again, he off the call.

as soon as we subscribe to anything, someone sell our information, so sad.

If akpk, I will just visit the branch or hq directly.

Hi... sorry for late reply...

the scheduled and agreed payment for akpk is fixed.. so make sure you pay every month on time as per the agreement.

You no need to pay extra to AKPK as they will park aside as over payment in the report. Not worth doing that.

If you want to pay the bank for the extra, i think can, just need to keep track and get a report. Once it is 'cleared' which would be earlier than scheduled by akpk, you get a clearance letter from the bank and submit to akpk via online to exclude that account.
Once AKPK confirmed, you can exclude that monthly payment amount to akpk.

NOPE. All freezed.

If you have some that can settle, go to the bank, meet their officer that handle akpk. Ask for settlement value, offer also... then they will calculate and provide you a figure to settle. once cleared the bank, get a 'clearance'/release letter from the bank on the settlement.

On AKPK side, just upload the letter and akpk to confirm. done.
If you cleared all, akpk will also provide you a letter too that you have completed all.

Try go back to the akpk consultant, ask him if can be reduced.. i think 10 years is max, so can't see much reduction can be done.

If you have other monthly "operation costs", try reduce that. Priorities all your spending and let go what you dont need.
Eg. reduce the telco plan/change to affordable one, cancel astro, use basic internet if needed, eat 'less', find alternate ways if can.

I have been thru 9+ years and coming to an end soon next year. Bite bullet to go thru together with my family.
Most banks have cleared and my installment to akpk also reduced. Just a few more to go in <1 year.
Has been cheerful still as I have a hse to stay (rented), car to drive, bike to go office, basically still alive ! :> just my 2 cents.

This post has been edited by Kiefer: Oct 15 2018, 04:49 PM

no prob.. you can go nego with the bank for better settlement amount. **don't fall into scam trap as some may call/sms you where they ask you to call them.. I don't trust this types, if want, just go to bank directly.

if you go by the calculation oyu have on RM40...yes, the other are interest(s). just imaging if you still stuck paying the bank with more heftier interest.
of course you can save more if you can early settle it.

Fixed rate i foresee...if you settle just the RM40, will just take off the RM40 from the installment as you still need to clear the others (rm1760). Sometimes, if you have some cash and wanted to one of the list you have, you need to check which one should be clearing. As the one with bigger repayment would clear faster (i wanted to clear too, but you know the time is tough)

The initial start is hard (my repayment is RM2500). Key now is on how to survive thru and stay alive. Not sure if you married / single / with children. Just get thru clearing all the wants and keep the needs only.

Stay calm... maybe other real sifu can give some guides.

I am not sure that 1st 3 years can do lower repayment.. maybe now new ways which I don't know. Try check with the consultant in akpk.

correct if you pay more, akpk won't put the extra that month.. it just allocate a side as over payment and use for next month.

bro.. no salute la bro.. just eating all my shits/mistakes.

after completed akpk.. still no go party etc... stay low and plan for getting an affordable house somewhere.

yum cha.. hehehe, now in S2 le.. hehehe.

Sorry...Off topic here... currently testing new items hence stopping all current existing products.
anyway thx, just PM me and we take it from there

sorry to hear that you are jobless now.. hope you can find a job very soon.

It is tough when you are jobless...as I know of where akpk rules (if no change) that you need a job in order to apply akpk.
One way i can think of right now for you is that while you are hunting for your actual job, you need to go get any avail job out there regardless what is the job.
Just to buy time in another word.

With the avail job even it is lower or could be just any job, this gets you into the akpk first so that it wont get worst when you know bank's will proceed to having debt collectors or legal stuffs which will boom up the your debt.

One way or another, it will impact your ccris/ctos, but key here is to stay alive.

You can call the akpk hotline for advise and the above is just my 2 cents comments.