Hello everyone....

Anyone with much AKPK experience here, need help urgently.

I have been under DMP programs for like 8 years now, usually for payments, it's stepping up the amount gradually overtime.

But for me, due to life constraints and difficulties, I didn't manage to step up that much, I requested (2 times) to maintain or increase abit the repayment only.

For the my last 2 years installment, it's a step-up of 200% (RM4,750) of my current payment (RM1,600).

I definitely cannot afford it....


Anyone face this issue before? Can shed some lights?
Can AKPK extend the payment over 10 years?

What I should do?

Hi bro, my case is 10 years repayment, first 2 years RM1,250, then 3rd years onwards RM1,600 (2 years), then RM2,300 for remaining 6 years.

But due to my financial problems, I did amount rescheduling 3 times over the years, also 1 year delay on the moratorium too.

So now last payment is 200% more.

FYI, my principal didn't reduce much because I've been rescheduling over and over again, and payments I've made directed mostly to interest charges only.

This morning I talked to the AKPK manager, he said AKPK rule is max 10 years only, I can apply 2nd term of DMP programme but he highly discourages me because it's never ending.

I'm screwed....the pressure is really bearing down on me now...

This post has been edited by plswakeup: Sep 21 2022, 03:09 PM

Should I declare bankrupt for my situation?

If I apply 2nd term and keep paying interest, it's like giving free money to the banks.

Currently maybe 80k.

Repayment increment over the schedule was based on my request at first..was hopeful things will work out, but it didn't obviously

Monthly income RM6+, private sector.