Hi all,

Need your advice.

My friends owed few banks amounted to 60k ranging from overdraft, CC and personal loan.

Each amount varies from as small as 1.5k till 20k.

My question is; can my friend negotiate with bank to pay off remaining balance provided he have a chunk of money in hand?

E.G:

Debt balance A: RM1.5K

Debt balance B: RM3K

Debt balance C: RM20K

To what extend the offset amount can be discounted off through negotiation with bank? If yes; what department in bank can he look for for these negotiation?

Btw; he is already on AKPK monthly repayment scheme but I suggested that even with AKPK; those bank interest rates are kind killing the initial sum repayment off.

Thanks for you help.