Advertisement

AKPK: Can I terminate the program and continue paying directly to the bank?

378 Views  ⚫  Asked 1 Year Ago
asked on Mar 16, 2017 at 22:41
by   kalai
edited on Mar 20, 2017 at 10:04
 
I join AKPK for 7 months and now been terminated from the Debt Management Program. I wanted to pay the bank directly the monthly repayment. Can I do that? How can I go about it?
0 had this question
Me Too
0 favorites
Favorite
[ share ]
3 Answers

answered on Mar 16, 2017 at 23:04
by   jeff005
I join akpk for 7 months and now been terminated from the program
What was the reason for the termination?

pay directly with bank the monthly repayment
Yes, you have no choice. All late interests and default charges will be added back as though nothing have happened before.
0 found this helpful
Helpful

answered on Mar 17, 2017 at 00:10
by   kalai
edited Mar 20, 2017 at 10:06
 
I stopped paying as the tenure was for eight years. So after three months, AKPK terminated the program. However, I approached bank to give me new repayment amount but they said just follow what AKPK asked and keep paying for eight years which I feel was too much   
0 found this helpful
Helpful

answered on Mar 17, 2017 at 00:38
by   jeff005
Now you have terminated the DMP you have to pay the bank in FULL, on demand, unless they agree to installments, normally within 1 year.
0 found this helpful
Helpful

Your Answer





By posting your answer, you agree to the privacy policy and terms of service.