Thank you AKPK...my Loan + cc debt is under control...fuhh..lega...no more dept collector

just receive 1 release letter from ambank...my ambank cc full amount was 10k...but since want to pay lump sum...they reduce it and just need to pay 5k....no question ask i paid 5k....but now still have 4 cc + 1 personal loan to go....need to start back saving and close at least 1-2 cc this year....thanks akpk....now i can restructure my life...

I have experience make a lump sum payment...and I made the deal directly to the bank...not AKPK....

The best thing is when make lump sump payment, you can haggling with bank officer, my CC with interest is RM 10k...but i beg the credit officer since I only have RM5k cash in hand and I want to make full-payment. So the bank officer will bring my case to their management, within 1 week bank called me and confirm that I can make settlement only for RM 5k within 1 month.

So I made the payment, and call back the bank officer to confirm. Once they confirm they have received my payment, they sent me a release letter, another 1 week, I received a release letter from bank mentioning they will clear my name in Bank Negara within 3 weeks.

With this release letter, I faxed it to my AKPK Counselor for record and they will reduce my DMP payment.

Now I only have like 4 CC and 1 personal loan to go. Will continue to save and settle more this year..


p/s: this experience is with AMBANK.

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Added on February 8, 2012, 1:15 pmAnswers are in red.


This post has been edited by ptit: Feb 8 2012, 01:15 PM

yes true....from my experience with HSBC you cannot get discount for lump sum at all....what number left on the screen is ultimate what you need to pay....

Seriously I dont think you understand what AKPK does.

AKPK is to educate you to save your money and solve your dept problem. You cannot run away with your dept. What you use is what you need to pay.

AKPK also help to suppress for any court action and dept hunters. AKPK also will avoid you to get bankrupt.

If you dont go to AKPK, bank will charge you 18% per year for CC interest. AKPK reduce it to 9% per year.

I have like 50k dept with 6 CC, now im on year 3 on AKPK and manage to close 3 CC already.

For example, AKPK instruct to pay them RM650 per month but I also did pay extra RM 200 - RM 300 directly to the bank that I focus for account closure.

So what else do you want. Educate yourself and pay the bank