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One year default payments for credit card & personal loans. Concerned that legal action will be taken.

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asked on Oct 24, 2017 at 01:12
by   June76
edited on Nov 9, 2017 at 08:11
 
I seek your advice on my default payment with the banks.

I am currently unemployed and have been so for the past 1 year and 3 months. Due to this very reason I have defaulted in payments to the banks.

This is the amount that I owe the banks:

AEON Credit Card- Credit Limit RM3,800 which was
requested by me during application in 2015.
Currently, plus interest it has reached RM4,700.

AEON Personal Loan-RM8,000 approved loan amount in 2015.
Currently plus interest it is back to RM8,000.

RHB Personal Loan-RM13,000 approved loan amount in April 2016.
Currently plus interest it has reached RM14,000 plus.

Total =RM26,700 
These are the figures that the banks had adviced me.

But they did ask me to pay a minimum first at least RM50 for credit card and RM100 for the loans. So that they can hold my accounts and not take legal action.

The last payment made for each account is as such:

--AEON Credit card- RM500 on Dec 2016
--AEON Personal Loan- RM400 on October 2016
--RHB Personal Loan- RM300 on October 2016

The banks have been calling me on a regular basis asking for minimum payment. Though I have told them that I will seek out an instalment plan once I've secured a job. 
Always threatening legal action if I fail to make a payment.

One of the financial institution has been calling me close to 15 calls a day for the last 1 month. Whereby everytime there's this incoming call I will pick up but it goes to a recording asking me to pay up immediately or face blacklist and legal action.

And there was this one day where I received a call, the officer saying that he is calling from Jabatan Insolvensi Malaysia, Putrajaya and that I need to pay RM2,000 within 5 days. Failing to do so would mean I have to go to Magistrates Court in Putrajaya within the next 2 weeks.
I was very shaken by it. Sleepless nights and anxiety as I'm in a helpless situation.

A week later another officer from the same institution called me. I told her about that particular call that I received and said that I really couldn't prepare the requested RM2,000.
She said there is no such demand for me to pay so much and also that there is no need for the Jabatan Insolvensi to call me as I'm not indebted RM30,000 and above to these banks...

I'm just very concerned that legal action will be taken at this point.

Would appreciate your kind advice on my issue.
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6 Answers

answered on Oct 24, 2017 at 01:36
by   mike
If you have no money, how to force you to pay?
You are not going to jail. Just tahan your telinga..
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answered on Oct 24, 2017 at 02:17
by   vkpc
You cannot become a bankrupt as you don't owe a bank more than RM 50k.
This is the threshold of Bankruptcy law since this year.

Ask all your friends and relatives to call you by your English name.
If anybody call up asking for your IC name, just say no such person and hang up.
Save the number in your address book. Problem solved.
Don't be a victim of Debt Collector lies and cons.
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answered on Oct 24, 2017 at 02:18
by   vkpc
And there was this one day where I received a call, the officer saying that he is calling from Jabatan Insolvensi Malaysia, Putrajaya and that I need to pay RM2,000 within 5 days. Failing to do so would mean I have to go to Magistrates Court in Putrajaya within the next 2 weeks.
I was very shaken by it.


This above is an example of a Debt Collector lie and con job.
Wise up.
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answered on Oct 24, 2017 at 22:50
by   June76
Yes Mike, I will tahan my telinga. For now, no choice. Tq.

vkpc will do.

Means that by saying 'will take legal action against you' those are just threats by the debt collectors..
Coz they always tell me that they are calling from the relevant banks.

So if for example they were to send me Lawyer's Letter/Demand Letter, should I disregard it?

As my concern is having to attend a Court hearing on my debts. Preferably not..
Kindly advice.

As I mentioned in my initial post, once I secure a job, hopefully soon, I will ask the banks for installment payment for all 3 accounts.
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answered on Oct 25, 2017 at 00:31
by   vkpc
Means that by saying 'will take legal action against you' those are just threats by the debt collectors?
Yes, just empty threats.

So if for example they were to send me Lawyer's Letter/Demand Letter, should I disregard it?

You can post the letter here so kind people can help you reply it.

As my concern is having to attend a Court hearing on my debts. Preferably not..
Why afraid of the Courts?  Courts are there to protect you and give you justice.
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answered on Oct 27, 2017 at 23:15
by   June76
Ok will do, if and when I receive the Letter of Demand I'll post it here for further advice.

Well its the common perception 'dah malu dah kalau nak naik Court.'
Also that the Court will not 'side' me since I'm at fault for breaching the Agreement by not making the monthly required payments.*shy*

I never saw it that way, that the Courts will protect me.

Surely hope that it doesn't come to that.

FYI, this is the sms I received yesterday :
Tunggakan pemBAYARAN akaun A**N mesti di SEGERAKAN sblm tindakan selanjutnya, Sila abaikan SMS ini jika bayaran telah dibuat, hubungi tel: 016- ____.

This is the sms I received today :
Pegawai akan DATANG pd anda utk BINCANG tentang A/C A**N bila2 masa, Pegawai akan pamerkan KAD ID utk pengesahan. Utk bantuan, Tel: 016-____.

I'm going to ignore it as advised and focus on finding ways to pay up to clear my name in Bank Negara.

Will seek your advice as when I need it.
Thank you..
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