Anyone heard of 7 yes act by Bank Negara? Some say after 6/7 yrs, creditor has no legal way to get money from borrower. They still can call or chase but can’t use any legal way to sue or take legal action after the period.
Currently I’m discussing with a credit collector of my long (10 yrs) cc debt, I plan to repay by put in 2k initially but no official letter after that from the agent + they twisting the verbal agreement by increasing the total repayment value after that. Their exucrs was ex officer promised but that person no longer in the company, now new person handling my case. I fed up & negotiating for few months already & they seems like not willing to send official letter thru email. I don’t entertain their letter thru WhatsApp .
Before my previous initial 2k payment, I checked with my banker see the account that collector asked me to pay is my real cc acc or not, yes it’s under my name & acc number is correct under me