Guys sharing my DMP journey, back in 2016 my family was hit with financial issues, and I have to used all my savings + CC cash advance to help out. Initially my monthly salary is able to service the monthly commitment, but in 2017 another bomb dropped and I totally lost control of the debt, and I have enrolled with DMP from Sep 2017, managed to clear all CC debt in March-2022.

AKPK restructure my debt (72k CC Debt) as follows
Maybank CC - 10k
CIMB CC - 25k
CITI CC - 30k
UOB CC - 12k
Interest rate 8%, monthly repayment RM1500 for 10 years

I have another housing loan account which is not restructured and I continue to pay as usual.

Thankfully during this period, I'm doing very well in my job and my salary increases gradually from 7k to 15k per month over these 5 years, and I make extra payment into each CC account every month to speed up the repayment.

Every yearly bonus I received, I'll use it to pay one lump sump to clear off 1 CC by contacting bank and ask for full settlement amount.

Settlement Year & Discount
2018 - Maybank CC - Balance at 6k, offered to settle with 1k discount
2019 - CIMBCC - Balance at 15k, offered to settle with 5k discount
2020 - UOB CC - Balance at 9k, offered to settle with 3k discount
2022 - CITI CC - Balance at 22k, offered to settle with 2k discount

So in March 2022 after receiving my yearly bonus, I managed to graduate from AKPK, and after checking my eCCRIS record and make sure all the special attention CC accounts are removed in April 2022, new CC & hired purchased loan are approved without any question asked from banks.

It's been hell of the 5 years for me, but it is also life changing as I learn to be more financial literate. Oh yes, I also meet my gf & got married with her during this period as well.

Yes, I called up the bank 1 by 1 and informed them I would like to do settlement, and request for final amount to pay after discount. It tough to negotiate for discount, it all depends on hard work and some luck, if you managed to deal with the right person when you called up. Most bak have special officer hired to handle akpk customers, so they will know what to do.

Yes, all the debt will be charging interest against the outstanding balance, the lesser the balance, the lesser the interest being charged. F you have extra cash after month akpk payment, just transfer and pay it directly to the account, don't need to go through AKPK.

Bank should only charge the interest as agreed with Akpk. I do login to each bank and check, if there were additional charges after Akpk enrollment, I submitted request to reverse it, normally the call center will help create a case for credit department to handle.

I still have existing housing loan that is under my ccris record and I paid on time every month, probably for my case there is still record that's why my CC and Car Loan can be approved.

house loan is not under AKPK account