Heya. AKPK DMP participant here. I want check if there's any bank willing to issue credit card to DMP participants? Even a very low credit limit of RM1k would suffice. I would also willing to put some security deposit or pay advance into the card.

Reason being for work I've started to travel around and a lot of hotels will require security deposit. Most of them don't accept debit card and will only take deposit via cash or credit card. Those that accept cash will require higher deposit and more tougher check out procedure compared to those use card.

I'm a bit insecure about my colleagues or employers finding out I can't get a credit card due to being financially irresponsible in the past. Can't afford to have another roadblock in my career.

Appreciate if anyone can help or advice. Does prepaid card gives the facility for merchants to charge a float or is it similar than a debit card.

Just to share I managed to get a credit card approved under pledged FD. Thanks to those who PM me to help out and recommend suitable solutions.

This time will use it with more care

Mine is 7%

Heya all, anyone knows what's the best strategy to hasten up my DMP? My initial plan takes another 8 more years to complete. However as my financial situation stabilize and with increment, I intend to increase my monthly payment to AKPK to shorten the duration. Target to clear within next 3 years.

Is it better to negotiate a new repayment term with AKPK or save aside the money (eg. In FD) and once enough one shot settle off all the outstanding with hopefully some discounts?

Anyone know if any banks got service to reconsolidate my AKPK DMP into a term loan with lower interest than 7% if I can provide evidence that now my monthly income can sustain the term loan repayment?

Just to correct some misinformation or lack of information on the challenges facing AKPK DMP Holders. So far I've seen so much misinformation on what DMP participants can or cannot do that I think it's good to lay this out.

I'm a DMP participant and for the last few weeks I manage to obtain the following "credit facilities" while still under DMP :

1. Credit Card With Hong Leong with RM10k limit, secured under a RM10k FD. I need a credit card to pay my hotel deposits for work.

2. Secured a RM150k home loan for Rumah Selangorku (80% Financing). This one was really a hassle and I was rejected by Maybank and CIMB. I manage to directly talk to the loan officer at one of the Public Bank branch. It wasn't easy I have to admit but there's a few circumstances that made my case more convincing :

i) My net salary for monthly repayment is within their acceptable limit
ii) My DMP payment record is clean
iii) My monthly bank statement shows net cash balance going up, more than the projected repayment

I feel compelled to record this because many sources online said getting any form of credit facilities is 100% impossible while under DMP. I say it's possible but be prepared for the many many extra hurdles you have to overcome. I feel at least for home loan banks may cut more slack when you're a DMP participant because they have a comfortable collateral in case of default.

Now working to cut my DMP tenure short. Manage to double up my monthly contribution to AKPK but my interest increase from 7% to 8%...wonder can negotiate this or not

Yeah I tried...unsecured loan I think impossible dy.

Only managed to get secured Credit card and Home Loan.