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Summon to attend court

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asked on Sep 30, 2010 at 06:16
by   Cindy
edited on Apr 3, 2017 at 05:56
 
I received a registered letter at my parent house. It is a summon letter from RHB bank, asking me to present in court on 8th November, 2010.

My questions are:
1. I owe RHB credit card RM5,700.00, if I manage to have this money to pay RHB bank now, and I settle the outstanding now, do I still have to attend to the court?

2. Can I still call RHB bank now and discuss for restructure to term loan?
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3 Answers

answered on Sep 30, 2010 at 22:34
by   1818
edited Apr 3, 2017 at 08:44
 
@Cindy,

There is no harm in calling RHB to negotiate to settle, if they refer you back to their law firm, ask their law firm to find out from RHB how many monthly installments they are willing to accept to stop the law suit.

Since your debt is so low, RHB can't bankrupt you, for that to happen, your debt including interest and legal fees* must be RM30,000 or more, and if they can't bankrupt you in 6 years, it is game over for them, Limitation Act, google to find out more about this Act.

If I were you, I would only pay if I can do so consistently without missing any monthly payment, otherwise, you might as well keep the money for a rainy day.

* NOTE: I caused my bank's law firm to attend court 6 times, still the legal fees only total less than RM1,300.
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answered on Oct 2, 2010 at 02:46
by   Billy Kim
edited Apr 3, 2017 at 08:46
 
@Cindy,

Since the amount is low, it will take a long time to reach RM30,000.

If you can afford to pay, negotiate to reduce the debt to even 50%. You can also seek AKPK to help restructure your debt to term loan by waiving all the interests and asking for a debt reduction. AKPK will negotiate with your bank on your behalf.

If you do not attend the court, nothing will happen to you except a consent judgement is entered. You do not need to do anything and nothing to fear.

The bank or its collection agency will just trouble you by calling you regularly and sometimes, "threatening" but fear not. Normally, they can't do much to you.

Normally, debtors who are ignorant of the laws and court proceedings, would naturally feel anxiety for the first time but with the help and guidance in this forum, many have found relief on how to tackle lawyer letters and annoying phone calls from the collection agencies.

Some have also find solutions in one way or another including "fighting back" against the creditor bank(s) in the court.
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answered on Mar 28, 2017 at 01:37
by   ezzat
edited Apr 3, 2017 at 08:47
 
Can anyone give advise on how to tackle the collection agency phone call? I already booked an appointment with AKPK for debt management. Please help.
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