How about sell your house and may be you can get back some $$ to offset part of your credit card debts. Also your monthly repayment of the house will be gone. Rent a room temporary which may only cost you few hunderds. If you rent a room nearby to your job place, then, sell your car also. This will further save you the installment. Take public transport and although is not so convinience, but what to do. If your horse die, you have to resort to walk until u r able to get another hourse again.

If not, you will be dragging your problem and i believe your hole will become even bigger. Your will and determination to settle it will become thinner and thinner. Trust me, i have a friend facing same problem like you and he ding dong here and there. End up, missing liao, which is the worst thing to happen.

If you can get a help from your parents, you can use it to cover all your credit cards outstanding as the interest is killing. At least your parent may not chase you payment every month. Be frank to them and you want to solve your problem. Else, AKPK will be the next step, but i doubt your case they will accept as you only earn 4k per month and some more not stable. They will advise you to sell your house or car too in order to make you eligible.

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Added on June 24, 2011, 10:56 amHow about sell your house and may be you can get back some $$ to offset part of your credit card debts. Also your monthly repayment of the house will be gone. Rent a room temporary which may only cost you few hunderds. If you rent a room nearby to your job place, then, sell your car also. This will further save you the installment. Take public transport and although is not so convinience, but what to do. If your horse die, you have to resort to walk until u r able to get another hourse again.

If not, you will be dragging your problem and i believe your hole will become even bigger. Your will and determination to settle it will become thinner and thinner. Trust me, i have a friend facing same problem like you and he ding dong here and there. End up, missing liao, which is the worst thing to happen.

If you can get a help from your parents, you can use it to cover all your credit cards outstanding as the interest is killing. At least your parent may not chase you payment every month. Be frank to them and you want to solve your problem. Else, AKPK will be the next step, but i doubt your case they will accept as you only earn 4k per month and some more not stable. They will advise you to sell your house or car too in order to make you eligible.

This post has been edited by Tigerr: Jun 24 2011, 10:56 AM

How you accumulate so much debts when you have RM4,500 job? Still not enough money to spend until you have to use future money until so much until taking personal loan????

With the way your spending, whether you get RM10,000 job, you also will get into problem. Gambling habit and play woman is it?

Your case is very susah lar....if AKPK accepts you and you are paying RM1,000 per month, how are you going to survive???

So, first is to examine yourself how to cut down on your bad habits or spending. Then, get AKPK to help you to restructure your loan. Every month, live like a monk for at least the first few years until you get a better job that pay you much higher $$$. But, got to watch out your spending. AKPK no give second chance.

Yup, i had generalize your situation. I sincerely apologize to you if i had made a wrong judgement on you.

I know many young fellas had get into financial trouble and some are in really deep trouble. Whatever reason that they came out, it is not primary important, the most important is how they can structure a way to get out of trouble.

The way AKPK system can only work not more than 25% of the people who had seek help and really want to solve their problem. The rest only look for a way to delay their problem and thus can prolong their debts.

Many people who after get AKPK help, half way fail out. Even one of my friend who work with AKPK staffs review that AKPK can only temporarily help out and they still sees majority will fail half way thru the program.

So, for your case, if you intend to bail yourself out, you must have the determination to do so. It will be a few years program and you really need to tide thru at least for the first 2 years. After restructuring, which means most of your salary is gone into AKPK program and leave very little for you to live on, you only can take care of yourself and you will have no means to help others such as your mother sickness and etc, unless u dig into more loans and debts. Of course, you will be slightly better off if you can get a better job offer so that this will increase your cash position.

The best way you can do is try to seek job overseas and earn as much $$$ as you can thru higher paid overseas job. For a start, you can go to SIngapore, Australia, UK or whichever country that can pay you good money and earning a higher income will help you solve your debts. But you may not have a life over there as all your $$$ earn is mean for clearing debts. Dont expect to live like an expat as the $$$ earn is not for you to spend it.

Hope this helps.

Akpk will not be able to help in your case stated above. Better ask your family members to pool money for you to pay off your debts especially the ah long one. Else, either you "run road" or "bankrupcy" is the option left provided you settle the ah long's loan.

if you visit akpk, they will ask you to sell your house and sell your car, but looking at your debts, that's not enough as you only have a 3,200 income.

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Added on November 8, 2011, 2:22 pmSome female caddies can really earn "money" provided they know how to seduce the rich golfers....

This post has been edited by Tigerr: Nov 8 2011, 02:22 PM

Haha....it is not me lar...the problem is with Dunhill lar...

But seriously speaking, akpk in this case will not be able to help and they will reject the case as the applicants income is not enough to do the minimal repayment to all the financial institution plus the more urgent one is to clear the ah long's debt. Else, forever he indebted to the ah long and may be need to borrow more to pay off this one....

Looks like they all dont really know but give you half-cooked answer. See red above.

There are some errors in your post. When you made one lump sump payment, you will go direct to bank and not AKPK. If you deposit extra money into AKPK account, it took forever to them to refund you the amount. So, if you dump the lump sump amount to AKPK, it will most probably stuck in the account. You probably need to speak with the accounts department to transfer your lump sump from AKPK to the bank, but it may take many processes. But if you go to bank direct, just pay off and get a discharge letter, which is faster and more efficient? However, if i am not wrong, AKPK will ask you to go direct to deal with the bank direct for one lump sump payment instead.

If one is unable to make payment, the next choice is going thru AKPK and the bank still can recover the money. Else, you sue them bankrupt also cannot recover the money.

About the offload of assets, it is compulsory in certain sense. first the evaluate your income and versus your expenditure. If your expenditure is more than the income, then, they will ask you to cut down on certain expenditure such as car or house installment. If you not doing so or have no alternative to get extra income to cover that expenditure, AKPK will say sorry to you that they cant help you. YOu continue with your own way of settling your own debts. So, it sounds like not compulsory but it is the only way to do so.

Hope you are clear and not give half-cooked info.

Have you gone through AKPK process or speak from hear say or friend's say?

The bank will not ask the customer to go see AKPK making lump sump payment. You can direct make lump sump payment when you have the money.

If the car is necessary to travel for work, thus you cannot offload, you have to find another alternative in order to reduce your monthly commitment for expenditures. Else, AKPK cannot help to restructure your debts as you have not enough money to pay even the minimum amount of monthly installment set out, thus, it will be a failure and AKPK will reject your application. Thus, you will back to squarre one.

As for the bank, when the AKPK made an equiry to them, i not sure whether they will stop the collection or not, but one thing for sure the original high interest will still be the same before you officially signed the offer letter for a reduced-restructured AKPK loan.

Then, you are coming from a hear say....my comment come from a personal experience who had gone thru the whole process -being rejected once, then, appealed, then, enrolled in the program, then, make monthly payment, then, make few times lump sump payment, then at the end, discharge from AKPK....and now back to normal - owning credit cards, getting bank loans again.....

So, who is more accurate.

Tell you, some banks are really dumb....when you dealing with them as most of them are young executives and dont know much more and always ask you to wait, want to refer to the boss....i have fecked them few times for dont know this, dont know that and the boss reluctant to come out......and the banks have such problem is Citibank, HSBC and SCB. They have made some blunders that when i threaten them to report to Bank Negara, only they become more serious and once i report the incident to Bank NEgara, and the BN officer also feel and after complaining, miracle happen....all things settle very very fast, the bank officer even called me and explain that things have been done and it is not their fault actually, it is system's fault and bla bla bla.....

if you have bad debts from few banks....issue them a legal letter and ask them to pay up...AKPK wont help the bank.....

if you already in trouble, still want to worry so much...

your friend also bodoh one.....didnt he was briefed by AKPK that he not suppose to get any new loan and credit card while under AKPK. Still want to try his luck....

to avoid this problem, u go hong leong to pay 2 months payment in advance, like 200. this, they will not charge u late payment even akpk delays as you already have prepayment in the account. but i guess the 75 is not late payment lar...it could be interest charges.......

answernya ialah tidak boleh....

omg, not sure how you manage to apply 24k loan when your salary is just below 2200.

Please check the facts before you spoke.

R u an ex akpk? Or you speak with your real case story?

My brother had paid off all the debts n exited akpk few years back. And now he got 2 credit cards n 3 home loans n he got no cable or connection inside any bank.

You can go fully settle your hong leong account n then inform akpk to take out the hong leong from your monthly repayment.

Akpk has helped u n u lost faith with them? Without akpk, do u think u r better off today or already bankrupt?

That person who is already in trouble n in akpk program. U think bank still ll consider him for the loan?

You can go to each bank to full settle your out standing with them n ask for the discharge letter at the same day. Collect all your discharge letter n go show to akpk n ask them to close the program. You better wait at least 2 months for safety after akpk close your file so that your ccris ll be clean from the akpk remarks. Then u can go apply loan from those banks that u have not deal with before. U can try to apply loans fromprevious bank but rejection ll be very high as they have your black record.

Yes. Example above. Your monthly installment of 1500 to the 4 banks ll be 150. 300. 450 n 600. So when bank A finish settled. You can take out 150 from the 1500 n your new installment amount ll be 1350 n u need to inform akpk that u had settle with bank A n akpk ll revise your new installment amount.