I'm planning to go to AKPK this few weeks time. I got a lot of question to ask them as I'm curious about how they can help those with a lot of debt on their cc.

Anyone got anything ask from AKPK can let me know and I'll asked the Q for you.

I've tried to search AKPK in LYN but no one have a lot of answer about it.

So far, I can think of these few Q to ask them

1) is it true they can help us to consolidate all our debt into a 0% affordable payment?

2) will CTOS learn about this? as you know, once your name in CTOS, its hard to remove it

3) would they hold our passport like those declared bankrupt?

4) what happen to all our credit card once we accepted AKPK offer? they cancelled it all or just put on hold? if put on hold, the yearly charges still need to pay?

5) can we ever apply cc again after AKPK

6) how many years can they make the installment payment?

7) how much we need to payback to them....is it still 5%?

If anyone here have gone to AKPK and know the answer, I would greatly appreciate it. no need for me to waste my leave just to ask them this Q

Canon_Ixus,Dec 16 2008, 09:27 AM
bla bla bla.....oh hi .....smart @$$

if you got no personal knowledge about the subject, just zip it. take your holier than thou attitude elsewhere

pls do not spread lies and rumours about CTOS if you know nothing. There is a way to remove your bad history from CTOS....it is just troublesome and its a long process. Have you read CTOS website before spurting out nonsense?


Is this what you do to get more post count? Why not copy and paste this to all thread in Health section: follow the pyramid food guidelines, exercise more, sleep well, avoid fast food, bla bla bla and all your health problem is solved...no need to open any health thread anymore....


is your ambition when you're a spoilt brat is to become a Priest? Why dont you go stand at Bank Negara and tell all those enquiring about AKPK about your nonsense....and hope for even 1% of those with cc problem to thank you for the wise advice?

btw, thanks to adreina and b00n for sharing your expirience / knowledge about the matter.
I heard from my friend he know someone who have applied for it and got 0%. I guess not everybody can get it.

let you all know more after i've 'interogate' the AKPK for more info.

Got a case where a blacklisted guy who go to AKPK for help and was told off "We dont entertain blacklisted people"

I think you miss the word 'not'
You can get no more loan from any gov institution while under AKPK. Dont mess your life with ah long. Their interest is not in black and white, they simple raise their % and its not negotiable

I got another friend doing AKPK soon and the % they quote him is 8%pa. So high
Anyone else doing AKPK, pls share with us your interest rate as I heard its not the same for everyone. Those who quote from their friend's friend, please ask them to show you their white and black as people can say a lot of things. I heard last time rumours that AKPK can give 0% interest. Now I dont believe liao

I will try to accumulate all trustworthy feedback from you guys and update the 1st page soon. Bare with me.

I finally got a reliable source bout AKPK. It is certainly not meant for those who think they can get a lower interest rate from it. Far from it, the interest is slightly higher than those from cc company.

My friend pass me his copy of AKPK paper but it is not stated the interest charges. He called them up and they told him his interest is 9%. cc interest is only 8.48%

The only reason to consider AKPK is that they can consolidate your debt and you only have to pay a lower rate of monthly charges for the 1st 3 years.

I'll talk more about it once I've calculate his total interest

yes, that's true. BUT...the trick is, if you can settle your 10k debt in 6months, AKPK would be the furthest thing in your mind right.

your plan does make sense but you need to know that to save RM100/m with your method, you need to fulfill the criteria of being able to pay RM1666.67/m. If you only pay the minimum(ie:RM83), the rest of it would be calculated as (1666.67-83) x 1.5% = back to square 1

I have done a lot of calculation of BT offered by many banks and I'm certainly not impress. There would only be a saving of interest IF you could pay within the time frame of the BT. Not to mention some bank impossed a service charge for the BT.

I wont be interested in any BT unless it is from PB 5% upfront for 2 years.

Some bank create another account for you for BT. The trick is, if you have been a good paymaster for 1 year, your interest would be 13.5% p/annum. If you take up BT but only pay the min, after the BT period ended, your balance would be charge at 18% p/annum. So you are actually paying more than before