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 AKPK, debt issue, anyone got a question to ask them?

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kwtan123
post Mar 14 2012, 04:29 PM

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Hi All,

i have several question to ask after DMP submission.

1)if enrol AKPK, cc will be cancelled however, are we still need to pay government tax or cc annual fee?
2)is corporate card will be cancelled as well, eg Amex?
3)can we get sup-card from spouse?

Hope to help answer.

This post has been edited by kwtan123: Mar 14 2012, 04:30 PM
kwtan123
post Mar 15 2012, 11:37 AM

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QUOTE(b00n @ Mar 15 2012, 07:40 AM)
1) Once your CC is canceled, then the bank has no right to go after "new" government tax and annual fee. However the previous charged government tax or annual fee before cancellation if there's any is already built into your balance thus you need to pay.

2) Define corporate card. If it's a card issued by your company towards you under your name and the bill if borne by the said company, I don't think it will be canceled.

3) Usually for supp card application, the banks only access the primary card's holder credit history because ultimately the primary card holder is the one liable. But I can't confirm all banks or which bank does not evaluate supp card application's credit history.
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Thanks. Once I under AKPK, i will try to find out the above answer and update here again.

 

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