Yes, Aeon falls under it. Im currently in AKPK program. I've paid all my AEON credit debt a month ago. Now left with 2 cc debt. A bit of advise to all planning to enroll in AKPK, get all the things that you want first ie house loan, car loan, investment loan, (ASB etc), before enrolling or else its very hard for you in future. And after joining AKPK, make sure to pay the repayment at least a month in advance coz they are strict. One you miss the payment dateline than thats it.. No turning back. AKPK helped me a lot. Used to put aside rm1500 a month just to pay credit card/personal loan debt.. now just pay rm300.

I believe that if AKPK already ask you to make the 1st payment, that should mean that you already qualified. We shouldn't be paying the banks anymore as AKPK already make the deal with the bank(s). When I first enrolled with AKPK, the banks keep calling me forcing me to pay. I reported to AKPK. After that, all the calls stopped coming in.

I enrolled mine 3 years ago. Went to briefing, submitted all the necessary documents and 3 weeks later got a call from them saying that my application was successful.

Just a question here.. do you guys pay AKPK 1st before knowing your application is successfull or not? Is that the procedure AKPK currently practice? Thats wierd

I just visited akpk website here: http://www.akpk.org.my/services/debt-manag...ication-process

whoa.. now so many process before the confirmation of application.. 3 years ago I just walked into BNM and straight away got the one-on-one counselling session But the one thing that I remembered is that the counselor re-assured that once we agreed with the DMP plan, sign the documents and made the 1st payment, it is officially confirm. Banks cant ask money from us anymore. Akpk is under BNM and BNM is the boss. Banks have to follow wht the boss says.

Just a reminder new enroller.. dont ever missed paying your DMP. No second chance beb. Peace.

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Added on July 21, 2012, 9:42 am
after we make 1st payment to akpk while waiting for the application status but how if reject?

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If im not mistaken, you only pay after signing the DMP agreement. Did you sign the DMP agreement at BNM already? If yes then your application should be a successful one. Unless AKPK practicing a different procedure now.

This post has been edited by Art Hour: Jul 21 2012, 07:38 PM

last time i went through different procedure..
1st - briefing
2nd - counseling appointment - agree on DMP plan, fill up forms & bank in 1st payment (using maybank CDM), return all forms with attached bankin slip, then sign agreement (this confirms the success of enrollment)
3rd - pay AKPK on monthly basis.

my opinion for the current DMP process, if you agreed on the DMP plan (i dont know if you signed any agreement during the counseling session or not..did you?), then only they will give you a user id and password to log in to the website right? (i dont think they will give any user id and pword to those who are not eligible for the DMP during the counseling session right? pls correct me if im wrong on this). This is just my opinion though, if you want to be sure, the best thing is to call AKPK directly.

I totally agree with ptit.. AKPK is some sort like a second chance for you to start over,manage your debt better, have a peace of mind coz no more getting calls from banks..

If you have 30k loan and you enroll in AKPK for 30 years and pay 150/month, it does not mean that you have to service it for 30 years.. You can settle everything maybe less than 10 years. Service akpk's monthly payment, at the same time if got extra money, pay extra to the bank. Just like what ptit did. If you do this constantly every month, sure can settle everything within 10 years maybe less. If you dont have extra money then its ok.. just pay akpk monthly payment. Settle. Dont have to juggle here and there. No headache.

if im not mistaken, 10 years is minimum. Correct me if im wrong.