AIGON (Agent FIRSTHIT SOLUTIONS)...Going AllOut & Steamy on Decade Old SCB Debts (Bought-Over)...NEED ADVISE !!!

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asked on Jun 24, 2021 at 01:20
edited on Jun 24, 2021 at 02:51
Hi Lawyerment Community,

I had read other posts pertaining to AIQON in this forum extensively, before deciding to make this post of mine for sharing and advise seeking purpose. I see my case as a typical variation from other who had posted before.

My first contact with AIQON came early this month, through their appointed agent (FIRSTHIT SOLUTIONS). After multiple telephone conversations I managed to extract documents detailing the ‘Debts Bought-Over’ and SOAs (on my request) for all my SCB accounts, through email. Excerpt from a letter received:-

“We would like to inform you that Aiqon Direct Sdn Bhd (Co No. 915610-P) ("Aiqon Direct") has purchased your Credit card / Quick Cash / Debt Relief Program account from Standard Chartered Bank Malaysia Berhad (“SCBMB”). Pursuant to a vesting order dated 25 February 2011 granted by the High Court of Malaya in Originating Summons No.D-24NCC-45- 2011, your Credit card / Quick Cash / Debt Relief Program account and all SCBMB’s rights, benefits and interest under your Credit card / Quick Cash / Debt Relief Program account has been transferred to and vested in Aiqon Direct as of 2 March 2011.”

Great !!!

Before continuing, I must inform that I am sharing my case here on facts and not assumptions. Except when I am requesting for advise, certain past event with incomplete documents (best logical time frame will be provided to my best knowledge and records)…And I am NO A DEBT EVADER.

Lets begin. 4x accounts (1xCC, 2xBTs ,1xPL) with total outstanding in excess of Rm50k as of May-2021, principal sum in excess of Rm10k as of Aug-2008. As how the SOAs detailed, no further payment (credit) or usage (debit), except for all the interests and LPC from Aug-2008 to May-2021 !!!...Note: The statements do not show any last payment record as well.

All accounts inception dates between 2005-2007, they’re 40%-50% paid up before my default identified from SOAs (Aug-2008). My financial predicaments started in late 2008 due to failed business venture and financial mismanagement. Some important facts that I had compiled and provided as follows:-

1)  From emailed documents - All letters from AIQON were addressed to an office address which I am no longer attached to for more than a decade. While all correspondences with FHS letterhead were addressed to my home as per my NRIC. My NRIC address never changed since my first registration and still my official mailing address (even as an alternative, my grow up place).

2) I never received any correspondence from SCB or AIQON for the past 10 years or more, and not even a call, until recently from FHS.

3) The last known legal action from SCB, was summons (multiple summons for different accounts) through their appointed solicitors between 2009-?, based on old my diary record. Nothing ever since.

4) I had over the years fully settled my debts with 5-6 other banks through negotiated repayments plan and even lumpsum payments, and the latest in April-2021 with Discharge Letter received. From other posts, my best guess on since long and how soon SCB/AIQON will get to me.

5) My biggest curiosity…why the effective date of AIQON takeover (March-2011), legal action by SCB (2009-?), my SOAs details, and AIQON recent contact varies so much, even by 10 years ???

All said, I seek forumers here to share their view and possible advise on how to approach my current situation, long term wise.

a)  To ignore this soon to be 13-14 years old debt (which a semi-legal friend opined isn’t recoverable by SCB/AIQON) as their legal recourse already expired/exhausted ???...Nevertheless, I will get to settle my debts when I am financially capable, as with all other banks before this, just matter if I can live that long to get it done.

b)  Make some reservation, as AIQON entitlement still has legal bearings. Meantime, trying hard to get back to life, prioritize on more pressing matters (eg. livelihood, and in case the last one bank left who has not sold their debt will come after me).

c) Rush to AIQON and beg for mercy…They basically issued me a dead warrant or bounty sort of, I already on their butcher block (bankruptcy queue list).

Other than the above, here are a few direct questions to those in the legal field and familiar with their applications:-

A) How is LA 1953 (Revision 1981) applied in my case with SCB/AIQON ?

B) What will be the possible implication on my case with AIQON if the current bankruptcy threshold revised after 31-Aug-2021 ?

C) If you were not TLDR to follow up to this point, was it even LEGAL for SCB to charge all my accounts for 13 YEARS worth of interests and LPC before selling the debt to AIQON !??...Or did I missed something while reading other posts on SCB-AIQON deal ?

Not denying fault and oversight from my end, the initial amount (principal, B/F balance from SCB) as of Aug-2008 looks meagre compared to a few lumpsum settlements I afforded to 2-3 banks that time. Of course, with my financial awareness, I will try to find solution to highest interest bearing loans (eg. credit cards) with the lowest outstanding amount, to start with. Communication breakdown between myself and SCB for over a decade leads to this stupid AIQON now !!!

Not denying my debts, but never in my mind for 10+ years I am still owing SCB, unpaid !!!!

Some chronology of events between 2008-2021, if ever matters :-

2008-2010…personal financial crisis started, 2-3 lumpsum settlements for credit cards, through disposal of valuables.

2011-2013…keep a low financial profile, engage in contractual jobs, some partimings to recuperate financially.

2014-2017…engaged 3 banks with outstandings, managed to get reasonable repayment plans with 2 of the banks, and committed monthly payments.

(2012-late)…I was forced out of my residence, due to mishandling while moving out my personal belongings, the baggage containing IMPORTANT PAPERS (including legal documents) was lost in transit…it took me a full year to get reissuance from relevant bodies/authorities, but the bank/legal cases documents recovery were not attempted until later years.

(2012-2015)…I make trips to BNM (Insolvency-CCRIS Report), Mahkamah Ampang (legal cases extraction), and subsequently to AKPK for possible Debts Consolidation with all banks in Malaysia.

Outcome Legal Cases Extraction:…3 noticeable JIDs for fully settled debts or under monthly payments, there isn’t any case with SCB, unless the clerk missed out.

Outcome AKPK:…Through my actual counselling session after 3 weeks from introduction session, the Counsellor opined it is NOT WISE to engage their program while I have running negotiated monthly payment plans with 2 banks (as this will agitate them to void discounts and levy higher interest, make sense to me). But I am always welcome to revisit AKPK program the day I paid off the 2 banks.

Outcome CTOS/CCRIS:…No particular mentions directed to specific bank, except being tagged SA Account, with 1x written off debts (HP/PF), and few TRs. Last dated Apr-2016 Full CTOS Report (purchased) and 3/6 monthly monitoring from Free Report ever since – NO ACTIVE LEGAL CASES.

2018-2021…full settlement  with 1x bank after final installment, while the other renegotiated with discounted lumpsum settlement because of frequent lapses in payment (with borrowings help), this last bank only issued me the Discharge Letter in Apr-2021 after years of disputes.

2021…AIQON !!!...The Godly One that doesn’t fall under BNM jurisdiction and never need to oblige to AKPK recommendation ???

Lastly, with fainting hope, I need to navigate my last mile of financial escapee with extreme caution after AIQON comes into play. Or it will ruin all my past efforts for 10+ years. I am not so concern of being blacklisted and deny any financial services for the rest of my life, but anything beyond that will be detrimental to my close and beloved ones.

At full blown C-19 pandemic and cycles of MCO/EMCO/FMCO, I lost 70% of my monthly income for the past 18 months. Now living on Rm350-Rm450 monthly allowance, with half subsidised accommodation by employer and a free meal daily, with no promised they are sustainable if situation does not improve soon. I managed small goods trading online to supplement slightly and it won’t help much either.

My last telephone conversation with FHS, the caller is proposing payment Rm150/month directly into each of my SCB accounts until full settlement, to avoid legal action…I made it clear in reply, “NO, I NEVER AGREED ON ANY DEAL BETWEEN SCB-AIQON. I PREFER TO DEAL DIRECT WITH SCB, OR ATLEAST GIVE A TRY EVEN IF IT IS STATUE BARRED”.

Hope my lengthy writings will enlighten readers with recent encounters with AIQON/FHS. And with luck to pull some wisdom from other mindful forumers and among the more experienced Lawyerment Community.

Thank you for reading up to this point. Wishing all betterment in live and not falling into financial pithole like myself.

Sorry for poor editing and typing errors, if any.
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answered on Jun 30, 2021 at 17:18
edited Jun 30, 2021 at 17:20
@ jeff005

Those replies sound intimidating. Wonder how the actual conversation took place ? Seems unwise, but still hold one rights to fight on.

Maybe I should prepare myself to handle DC calls, too.
Though I must say, every individual must be held accountable to consequences, for all decision he made. But not decided before full understanding of a case through gathering of “material information” and “material facts” that may ultimately implicate the final outcome ‘from’ that decision – that may affect one life for years to come, may even extend to close relatives and friends at worst.

I started learning only for weeks on this fact, from non-legal perspective, from an oldman.

My sincere thanks to @ jeff005 for updating my post. I almost given up my life since I’Q’ emerged out of nowhere. But feel slightly energized to see an update.
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answered on Jun 30, 2021 at 20:57
edited Jun 30, 2021 at 21:07
worthy reading link:-


If unlucky, BDBs can grab your hidden pair of balls and get Joint Crushing for juicier glass of cocktail.

Just see if it is allowed, or already done pending official introduction of your new master (10years later).
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answered on Jul 1, 2021 at 11:51
edited Jul 1, 2021 at 13:00
by   jeff005

Your latest email/s have open a can of worms of ur debts portfolio.
I have actually explained about it years ago, but those posts were lost in this vast maize of farmland (Lawyerment) and I believe it is not easily understandable to many people.

Excerpts of latest docs :

My last correspondences ‘from’ bkX, a singular CC debt:-
1st default 2008 (ALL my financials about same)
Last payment date 2012 (best recalled)
‘Time Reset(s)’ 2015 (refer last correspondence DATE)
No payment made to any ‘offer’.
No further communication, last letter from bkX not replied.

First I would like to touch on "1st Default Date"  and "Last Payment Date".

Simply..  the last payment date is the 1st default date  in legal jargon of which LA is derived from when there is an action in a court of law.

"Time reset" is when it has already exceeded the 6 years. YOUR the Last payment date in 2012, the debt is within the limitation period, mana ade time reset?

There were 3 offers from bkX in 2015, each supercedes the earlier "offer". The last offer of which the debtor did not reply, this offer too, have expired due to the validity dates indicated within.

So.. what are the future issues now (if any)?

End of Part 1
Lunch time nicotine break.. !!
(to be continued)
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answered on Jul 1, 2021 at 15:32
edited Jul 1, 2021 at 15:49
by   jeff005
Part 2

Quote :

OldMan @ jeff005 (joined years later, high on nicotine):…?????...

People tend to forget the usefulness of Nicotine
1.  Keeps people's mind wide awake and alert
2.  Keeps SARS-CoV-2 away
3.  Nicotine also activates a specific part of your brain that makes you feel happy by stimulating the release of the hormone dopamine
(that's why i,m always happy with what i have with my simple life)

Notes :

If your the CCRIS  & CTOS did not mention / state of any lawsuits in both 2016 and 2021, then the debt whose last payment is in 2012, there is a very high chance that you may not have been made a Judgement Debtor before.

 To start a lawsuit on a "last payment" date of after 6 years is committing hara kiri unless :
1.  The debtor did not receive any lawsuit notification, so did not attend

2.  The debtor did not attend court despite receiving the Writ of Summons

3.  The debtor did not contest the lawsuit (or dunnno how to) even when have attended.

To set aside the lawsuit (if any) that has breached the 6 years period, the debtor must attend the court proceeding/s and then pleads  protection from the Limitation Act.

That is known as PLEADINGS  in the last hearing session of a court case.
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answered on Jul 1, 2021 at 15:46
@ jeff005
Thank you for your input to this post of mine.

Seriously, I never expect you to go through those BS-s I sent you.

Yeah, worms ! Everyone has their darker side or past.

Honestly, I had no idea of any sort of ‘arrangement’ with any Bens for the past 10 years or more. If my records still hold any of such, they’re all ‘0-lizard’.

Please refer LYM link if you still can find any, refer your “Part 1’.
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