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any advice ... i owe multiple credit cards dept

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asked on Nov 19, 2009 at 11:31
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hi all..

i just need some advise here... im new here hope someone can give a good advise for me
ok its like this i owe 4 credit cards amounting to 15k.. due to my outlet sudden closure i was jobless/retrench
i could not find any similar jobs that can offer me the salary of what i earning.

i only could pay for my housing loan/ car loan and my personal loans. but i not enough to pay for my credit card dept
so now i have been summon by RHB. the rest will sued me soon as i cant pay... yet

i just got a higher pay job last week, but .. its too late .. the banks just wont give me any chance to pay up Via installments

i have to attend court in december(RHB) case. i was just wondering, can i still discuss with the court that i willing to pay installment? i want to pay them back but they just not giving me enough time. i have family to feed i was jobless, not i dont want work or wat.. my work place close .. wat can i do ...

now hlb is sueing me next... im really stress out here..

wat can i do next? can banks accumulate all my credit cards to sue me bankrupt? can law firm freeze my other bank accounts(as 1 law firm threaten me on that!!).. when i attend court wat should i say or do ..

why banks so F###up? after paying prompt payment so many years till i lost my job n cant pay they threaten consumers like this ? 

kindly help.. pls.. i want my life back....
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30 Answers
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answered on Nov 19, 2009 at 12:49
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How much is the RHB claim?

Don't worry, we will help you.
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answered on Nov 19, 2009 at 13:41
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I had the same problem.Dont worry just read thru Notalawyer tread.He is a good advisor.
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answered on Nov 19, 2009 at 22:06
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RHB amount is about RM4K
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answered on Nov 19, 2009 at 23:18
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For a small amounts less than 10K, no need to go to court.
Just ignore the "law firms" that call you up, they are not law firms but debt collectors.
They definitely can't freeze your other banks accounts.
Hang up the phone when you hear their voice.

Don't make anymore payments. After 6 years, it's over they can't even take your TV.
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answered on Nov 20, 2009 at 00:03
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but can they accumulate with other banks?
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answered on Nov 20, 2009 at 11:58
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By law they can "pakat" together to make you a bankrupt.
But in reality, they have never done this before.
So why you worry?

Just pay one or two cards that you choose, so you can continue using credit cards.
The rest don't pay.  After a while, they will stop calling you.
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answered on Nov 21, 2009 at 00:00
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One way to minimize collection agents to call you is:

(1) When they call, identify the caller coming from where.
(2) Ask them the main reason for calling
(3) If they are collection agents representing the respective banks,
just say, "YOU ARE BUSY NOW. PLS CALL BACK AFTER 6pm".
(4) Chances are that they won't call back as most have to go home.

Sometimes, you may want to talk to them and they are always asking
you to pay how much you can or legal action will be taken. If you find
lost of words to say, just say, "YOU ARE FILING FOR BANKRUPTCY IF
NO CHOICE AND ASK THEM TO WAIT FOR YOUR BANKRUPTCY NOTICE". In return,
they will find hard to talk to u further. They may say, "SO YOU ARE
NOT GOING TO PAY". Answer back,"IF YOU CAN PAY, YOU WOULD PAY. IF NO CHOICE,
YOU WILL FILE FOR BANKRUPTCY". They would find it very difficult to discuss
with you further on the debt matter.


TRY IT AND YOU WILL KNOW THAT IT DOES HAVE SOME EFFECTS TO A GREAT EXTENT.
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answered on Nov 21, 2009 at 02:41
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thank you all very much for the advice

now... i have a court case pending dec17th  should i attend?

its my RHB card owed amount nearly 4k

if i attend.. wat should i say or do ..

thanks in advance..
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answered on Nov 21, 2009 at 02:44
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I already told you

For a small amounts less than 10K, no need to go to court.
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answered on Nov 26, 2009 at 20:40
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i think you should go...if you read one of the forum the guy attended court and the bank withdrew the summons coz the amount less than 10k.
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