Dear all, I'm back I went to AKPK to listen to their briefing and was being told to get the latest statement from my 3 outstanding banks...gosh...the owing amount is huge it is double of what I have use for my credit card.

But then I got questions, I was in 1 of the bank and the officer advise me to look into getting personal loan, and apparenty Bank Rakyat offer such loan. Will it better to get the personal loan and settle off the payment or still go through AKPK?

Confuse again....

I did not have a stable job for the past few years. Only lately found a stable job and all situations come back to normal meaning there are less worry of financials.

I have stop paying 4 of my credit cards for the past 5 years and i think total of the cards past 5 years was around 50k (for all) I did not receive any bankcruptcy letter from the bank yet, however since I am much more stable now, thought of going to see AKPK to help.

But what will my minimum payment for my debts? As I am quite new on the job therefore does not allow me to take off and see AKPK. Please help what shall I do. I know for definetely I am on CTOS or CCRIS but bankcruptcy dunno.

Lost of direction already. Please help.

Yeah man, its very hard to digest but that is the harsh reality. We can take it as a lesson learnt. The loopholes in Malaysia's financial system did contributed to this scenarios obviously

need advise.

i have bad credit card debts totalling to RM15k. now am looking to settle it by rescheduling the payment. i have called RHB and they said i need to pay 30% upfront then they will consider to reschedule monthly payment. the problem is i cant pay 30%. i am willing to pay RM1.5k only. they replied that nothing can be done if i cant pay 30%.

is this true that i have to pay 30%? any law or whatever that can support me if i only want to pay RM1.5k? or going to akpk is the best solution?

thanks.

Hi all..i have cc debt with Maybank around rm5800.. since im jobless for 3 months my repayment for both cards is stuck..so now the interest has shot up. They ask me to pay 1800 and balance to pay rm590 monthly for 5 mths..Im earning 4k mthly and i have my expense as below:

House loan: RM780
Car Loan  : RM387
Debt repay to friend: RM1500
PTPTN: RM150
Insurance: RM170
Other expense: RM1000

Am i able to apply to akpk with this situation?

Guys, which one is better for CC settlement. AKPK or personal loan with 6.88% interest?

i see... my friends case, he didnt manage to apply anything being approved. Maybe coz of his past debts too high & many outstanding payments that total of 1MIL in debts.

Hi all sifus and master.

I have been out from akpk for i think 6 to 7 mths now. I have print out ccris and its empty in there and there is no mention of akpk there as well. But i tried to apply loan 2 mths ago and it got rejected. Any reason for that bros ? Need advise.

Hi,

I would like to seek an advice from you guys.
I'm having a debt with AEON, roughly the amount is RM 8600~RM9000 for my motorcycle loan which already overdue for quite few years (and of course the account has already been sent to collection agency.)

I'm thinking to seek help from AKPK, but I also wonder if I go directly to AEON, will I get better repayment plan?
Does it necessary for me to seek help from AKPK? Because I went through few pages, all also having debt of more than RM 50,000 which is much higher than my debt.

TIA. 

Dear all Sifus,

I'm trying to help one relative with his Hong Leong CC debts. Here are a bit of history how he got into this situation :

- Around 1996/97 he bought an Iswara Aeroback with loan from EON Bank. So the loan come with a CC, with credit limit RM3k.

- Used the CC for few years. After that he decided to cancel the card with some unpaid balance.

- Paid the balance on/off until his last balance is around RM1.8k.

- He contacted the staff in EON Bank telling the officer he was unable to pay the balance. Funny thing is the statement from EON Bank didn't come on regular basis & after sometimes it stopped coming altogether.

- When EON Bank was taken over by Hong Leong bank, sometimes in 2010/11 he started receiving the statements again, and that time the balance on the statement was already around RM15k.

- Last year he started receiving calls from the debt collector agents and he believed his debt is around 20k or more now.

- He is now on Socso pension around RM1.3k a month and I think it is going to be difficult for him to settle his debt in full.

My question :
1) should he go to AKPK? He is already 51y.o with low income, barely enough to cover his expenses.

2) some relative are willing to pool some RM8-10k to help him with the debt. U sifus think HLB will accept 10k to clear his debt?

3) any chance for him to negotiate for lower full settlement?

Thanks.

Even after you've settled all your debt?

I have an appointment with them tomorrow

May I know what's the advantage of settling your debt manually with the bank (via accepting the bank's offered instalment plan) vs doing it via AKPK?