Do What Your AKPK DMP Credit Counselor Says April 23, 2009
Posted by Vedis in : Debt Management Plan , comments closedHi,
I have to say thank you to you. Thanks to your blog, I am currently “on my way” to join the DMP.
Good to hear that you are on your way now. 
I heard about AKPK before but just like anyone else who doesn’t know much about AKPK’s function, I just ignored it until I found your blog which totally changed my whole mind and even my miserable life of being so many debts surround me..!!
You know, before I applied to AKPK’s debt management program, I tried to find if any blogger was in this program. None.
All blogs and websites that I came across were introducing what AKPK stood for, when it was established and why you should enroll in the program.
It’s different now. You can find more and more bloggers who are really in AKPK DMP these days.
I have attended the taklimat session and had meet up the counsellor as well, and my husband too agreed to join the DMP since we are now terribly “drowned” in credit cards and personal loans debts!
Good that you hubby joined you. This means both of you will stop the bleeding together. Imagine if your loved one doesn’t want to get involved and he keeps adding new debt!
But one question, since I will only submit my application at the end of this month (I only need to pay around RM1k at the end of this month instead of RM6k per month), do I need to make any monthly repayment like I used to during my processing?
You mean you submit the application form and the repayment of $1,000 at one time? Oh, this is different from mine. Maybe AKPK has changed their policy a bit.
You see, when I submitted my application in August 2008, I was not asked to make any payment first. I only made the first payment in October when my application was approved.
If they accept your application and first payment at the same time, I feel that your application may be approved.
If you are not eligible, AKPK won’t even give out the application form.
As the consellor told me that starting from the day I submit my applications (which means at the end of this month) , I no need to pay my debts anymore.. is that so? Please comment. Thanks.
If your credit counselor said so, trust him. Once you submit your application form, I tell you, it’s like having a shield or talisman protecting you.
AKPK is on your side. No banks dare to do anything to you. They are not supposed to call you anymore! It’s true. So, it’s up to you – let the phones keep ringing or tell them that your application is under process.
There are mean banks that will threaten you that they will send third party collection agencies to collect the outstanding balance. No panic! Just tell them that you have already made your first payment to AKPK if you have done so.
After you have submitted your application form and first payment, you will still get a lot of phone calls from banks. Some think that you are gullible and threaten that you are at legal stage and you’d better make your payment or they will send you to court. Wuahaha…
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.
Cheap Hong Leong Bank! Keep Adding New Debt To My Credit Card Outstanding Balance! March 11, 2009
Posted by Vedis in : Banks / Banking Services , comments closed
I don’t really know how much credit card debt I have now. I need some time to let the dust settle.
You see, although I am under a debt management program, some banks are still very stubborn.
They are still charging me late payment fees and cash advance fees until today.
It’s been 5 months since I was under the debt management program and during this 5-month period, all banks should have been notified and they shouldn’t have charged the late payment fees and retail interest charges.
My credit counselor said that some banks purposely did it so that they could keep adding new debt to my account. Damn cheap Hong Leong Bank!
I will never ever forget this cheap Hong Leong Bank that banked in my post-dated checks although I had told them not to a week earlier.
As a result, my check was bounced and I was charged $100 respectively by this cheap Hong Leong Bank and my check issuance bank, plus a warning letter from the check issuance bank.
It happened to the first check and also the second check. Ya, I was charged a total of $400 for two bounced checks because of this money sucker, Hong Leong Bank.
This is one of the ways they keep adding new debt to my account until after 5 months under the debt management program, the outstanding balance for my Hong Leong credit cards is still the same.
Public Bank, Citibank, Standard Chartered Bank & RHB Have Sent Out Official Letters December 20, 2008
Posted by Vedis in : Banks / Banking Services , comments closedSince I was put under the AKPK debt management programme, Public Bank, Citibank, Standard Chartered and RHB have already sent me official letters informing me the interest rates.
Public Bank, Citibank and Standard Chartered Bank stated the interest rate and outstanding balance very clearly while RHB only informed me of the interest rate.
I am still waiting for official letters from Hong Leong Bank and Maybank. These banks are still charging me 18% finance charges and late payment fees.
Ready To Make 2nd Debt Management Payment To AKPK Malaysia November 18, 2008
Posted by Vedis in : Debt Management Plan , comments closedThis month is the second month I am under the debt management program (DMP). I am ready to make my second payment to AKPK Malaysia by next week.
Until today, I still haven’t received some banks’ official letters informing me the exact outstanding balance and the interest rate charges they agreed on.
According to the AKPK counselor, the banks were supposed to send the official letters within 7 days I signed the offer letter. It’s been a month now.
I was told that certain banks would keep on sending me the credit card statements every month, with finance charges and late payment fees added.
I am now observing which bank is doing the dirty trick.
