Great To Be In AKPK Debt Management Program April 23, 2010
Posted by Vedis in : Debt Management Plan, Debts / Credit Card Debts , comments closedWow, time flies and it’s time to pay AKPK debt management program repayments! The payments will be made when hubby’s pay arrives on the 28th next Wednesday.
My plan of making payments to AKPK earlier, that is on the 1st or 2nd week of every month, still hasn’t worked out yet. 
Never mind, so long as I make the debt repayments every month, it’s something commendable, right?
Before debt management program, I was like a rat running on its treadmill. There seemed to be never ending late payment fees and financial charges that added new debt to my credit card debt. The number just kept increasing rather than dropping.
Now after having been in AKPK debt management plan since 2008, I have seen the figure of my credit card debt drop little by little.
Let The Auto Loan Account Stay Current November 10, 2009
Posted by Vedis in : Banks / Banking Services, Income Streams, Loans, Make Money , comments closedYesterday morning, I decided to transfer one more auto loan installment to my car loan account to make the account current again. Previously, the account was always 2 months or 3 months behind in payments.
With hubby’s full time job income and my online income from selling all kinds of consumer products ranging from baby carriers to hand dryers to Nintendo DSi consoles, we were able to push a little more money towards the account every month.
Now that the car loan account is current, the next thing I will do is try to deposit the debt repayments of mine and hubby’s as early as possible to avoid being charged late payment fees by certain banks.
Call Your AKPK Credit Counselor & Inform Him Of The Late Payment Charges October 31, 2009
Posted by Vedis in : Banks / Banking Services, Debt Management Plan, Debts / Credit Card Debts , comments closed
Right after doing the usual online backup yesterday, I gave AKPK a call to inform them of the late payment fees imposed by certain banks.
Lately, some banks have started to charge late payment fees into my card accounts although I have been in the debt management program for one year.
If you have the same problem, you should give AKPK a call and let your credit counsellor take care of it.
See, banks are blood suckers. They will find ways to suck a bit money from here and there even if you are in the DMP.
I wonder if banks in other countries are like this?
AKPK Saves Yet Another Credit Card Debt Woman Who Is Under RM200,000 In Credit Card Debt August 15, 2009
Posted by Vedis in : Debts / Credit Card Debts , comments closedHi, CEO, just saw the comments left by you about AKPK. Congratulations! I am happy for you too. Thank God that AKPK has saved yet another credit card debt woman from being sucked dry all of her income by expensive interest rates, late payments fees, over-limit charges and many other ridiculous payments put up by banks and creditors 
I feel that your story should be read by many many out there who are still deeply in debt and don’t know where they can look for help to get out of debt, especially credit card debt.
First of all, A BIG THANK TO YOU FOR THIS BLOG. You are not only a woman of courage to reveal all that detail, but you have helped me tremendously.
I just got out from the AKPK office, and they proposed to reduce my monthly commitment from nearly RM10,000 to just RM2,000 p/m.
I got into a heavy credit card debt 5 years ago when a friend asked me to join him in a business. Trusting him, I quit my job, funded the business with my credit cards, supported HIM with a supplementary credit card (which he took only 1 month to swipe up RM20k), and lastly he just ran away, leaving me to pay everything.
Finally, the economy hit my career, and this month I had to accept a drastic paycut. It scared me at first, but I decided that maybe there was a silver lining.
I found your blog. I read and re-read it until 3 am.
I thought — maybe, if I go to AKPK, and they reduce my monthly repayment, I can actually start seeing some SURPLUS from my smaller income. Better to have a small income but with extra money, than having a big income but nothing to show for it. Of course, with my previous 5-figure salary, AKPK would just kick me out, but now I had the advantage of the situation.
Last Monday, I braved myself to go to AKPK. It was the hardest thing to do, to be SEEN walking into debt counseling. I have appeared in the media before, television, magazines and newspapers. Didn’t know where to hide my face. I arrived at 11.45, and was put immediately into the intro class.
I was surprised to see quite a few “corporate people” in the class, dressed in their office attire. I don’t know if they were as ‘embarrassed’ as I was to be there. I sat down for 1 1/2 hours, after which I immediately went to Bank Negara to collect my credit report.
I made the earliest possible appointment to see a counselor. In the meantime, I went to each bank and collected any missing statements.
I went to see the counselor this morning. She was polite, comforting and never did anything to make you feel small. She said she would try to negotiate it down to RM1,800 a month for the first 2 years then RM2,200+ thereafter. I said never mind, let’s make it RM2,000 flat.. I’m sure by the time the economy rebounds, I will be able to afford the RM2,000 easily.
She even guided me to fill up the application form properly (to fill the correct figures so the application can be approved easier). In short, she was there to help, and I mean REALLY help.
I got close to RM300k at first, but over the years, paying slowly, I have managed to bring everything down to under RM200k (which makes your RM60k something to smile about, actually!).
I have been earning 5-figures every month from my salary, yet I never get to taste my own money. My children have to settle for cheap clothings like poor kids.
Every month, I pay pay pay pay… I try to keep myself motivated, but it is tiring to wake up every morning, thinking to yourself, “I am running every day, only to stand still.”
She asked for the first payment to be deposited (RM2,000), which I will do next week as the banks are closed today. From there, processing will take approximately one month. She says no need to pay the creditors, if they call I just need to tell them I have submitted an AKPK application (and fax the deposit slip if necessary).
Fortunately I am not yet under any legal problems, and most of my loans are still current. If you are thinking about doing it, do it now. It is important to take action at THIS stage before the banks start harassing you.
I do not really care that I will not be able to get any new loans until the 10 years are up. I am selling my house and just live with the car. Maybe not now, but when the economy goes back up, and my salary climbs back to normal, I should be able to save up for a couple of years, and pay for a new budget-priced apartment in cash. The important thing is I will now have a positive income and room to breathe, and I HAVE YOU TO THANK.
God bless you. Please keep up the good work.
God bless you too. It feels good to have finally be able to breathe again without getting harassing phone calls and warning letters from banks and personal visits by third party collection agencies, right?
And I am always grateful to be given another chance to bring my financial back on track.
There Are Reasons To Be Angry At Credit Card Banks March 13, 2009
Posted by Vedis in : Banks / Banking Services , comments closed
My buddies were kind of shocked that I was so pissed off the other day. Ya, they read my blog posts about Hong Leong Bank and credit card banks.
If you were me, I am sure you would be furious too. Imagine making payments to your credit card debt month after month for 5 months and your outstanding balance is still the same!
The late payment fees, cash advance charges, retail interest charges shouldn’t have been charged at all once you are under a debt management program.
You know, the fees charged by banks so far are enough to buy some horse supplies as gifts for kids for my nephews.
