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Who has experience with AKPK? Need advice..

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asked on Oct 24, 2011 at 00:53
by   ladyindebt
edited on Oct 15, 2016 at 06:16
 
If you are currently under Agensi Kaunseling & Pengurusan Kredit Debt Management Program (AKPK DPM), I'd like to ask advice from you. I've defaulted my credit card payment ranging from RM3,500 to RM10,000 of credit limit, and 2 personal loans worth RM10,000 each. Think there's around RM60,000-RM80,000 worth of debt, I'm not sure because it's been so long since I receive or even bother to find out my current outstanding with the banks. Now that I finally have a better paying job and slowly getting my life back on track, I'd like to seek help from AKPK.

My questions are:-

1. One of the requirement before you get help from AKPK is that you'll need to have 3 months of credit statement of each bank that I owed. Is there a way I can get my latest statement without going through the banks? I don't think I want collection agencies start haunting me again..

2. I wonder how would AKPK proposed a suitable monthly instalment... Do share with me what's your actual debt amount, and the reduced debt amount after going through AKPK, and what 's your instalment like..

I can't wait to fix the damage I've done in the past and live my life to the fullest again... It was one hell of a lesson learned and thank God that I've been given a chance to improve my life again..
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answered on Mar 30, 2017 at 02:33
by   kayra mia
edited Apr 3, 2017 at 08:33
 
@jeff005 

Do take note that there is a Statute of Limitation of 6 years to sue you in a court of law. If the banks have not start a lawsuit from the date of default of repayments to the bank for a 6 year period,  you can use this Limitation to set aside any lawsuit. 
Why waste monies to pay thru AKPK?  
It is the banks fault not to sue within the 6 years. 

Can I? I never receive any lawyer letter from them except credit card statements. What to do? Do I need to hire lawyer? My car also has been auctioned (lelong). So I have to pay RM17,500 to settle it?
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