Hi there, need some help here, i have enrolled with akpk for almost a year. I finally got a stable job now and im planning to settle my CC debt first as i heard it can give me sort of waiver if i can make full settlement. Ive been wondering how low can they give me on the waiver.

Let say my owing them 3k plus interest now becoming 11k, will they accept if i settle it at 5k..?

Thanks.

Hi there, im just trying to help..im a takaful consultant and we have a financial planning course for this call estate management, according to malaysian law, any unsettled debt from the deceased will remained unsettled unless the deceased have some assets that can liquid to paid off the debt..to clarify please google Probate Act or Akta probate. FYI, anyone who passed away...thier banks accounts will be freeze within a month or two for debt settlement. And this where estate planning coming in, i.e will, insurance or takaful...will eased the family burden in paying up the debt.

Same goes with business partnership..but that is another story.

Anyway, you need to find out if your late father left any savings at the banks or check with Amanah Raya if this a very case because that where the monies goes too if unclaimed. Over there maybe they will advice you on what you should do next.

If im not mistaken, you need to get a lawyer as well should your family wanted to claimed the asset.