If i have extra cash in some months..can i pay extra into the DMP account? or just pay these extras into the banks that i have loans/CC with. (No, i'm not able to settle in full yet). TQ
AKPK, debt issue, anyone got a question to ask them?
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 Sep 5 2024, 05:45 PM
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#1
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Junior Member
398 posts Joined: May 2010  
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Received the email from AKPK that I'm now under their DMP. Have made the first payment. Now waiting for the time to no longer receive calls from banks.
If i have extra cash in some months..can i pay extra into the DMP account? or just pay these extras into the banks that i have loans/CC with. (No, i'm not able to settle in full yet). TQ |
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Sep 5 2024, 07:58 PM
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#2
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Junior Member
398 posts Joined: May 2010
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QUOTE(MUM @ Sep 5 2024, 06:37 PM) Is the interest rate in DMP is fixed? 7%..the plan they did is a step up plan. Hv you built up your emergency fund yet? If hv some extra cash for months, just build that emergency funds for raining days. As it is very bad if you hv to default yr agreed repayment under DMP arrangement  Would you suggest building the emergency funds in another bank or just pay extra to DMP? |
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Sep 6 2024, 12:06 PM
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#3
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Junior Member
398 posts Joined: May 2010
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Do I need to inform the banks that I'm now under DMP. I read somewhere here that AKPK will provide a letter stating that I'm under DMP..How soon will this letter be made available? TQ
This post has been edited by phythia79: Sep 6 2024, 12:20 PM |
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