Why are more and more people suffering from debt?

Nowadays, people are influenced by social media, and YOLO (You Only Live Once) concepts doctrine, indirectly grows the poor financial management concepts. For example, when a man and woman got married, they had a luxurious wedding for the sake of face. After marriage, they had to pay the debts left by the wedding and faced a financial crisis. So poor financial management concepts coupled with hedonism have caused many people to fall into financial difficulties.

How many people bankrupt in Malaysia?

Data show that from 2014 to 2018, 90,000 people across the country declared bankruptcy. The main reasons for bankruptcy are personal loans, car loans, mortgages, and credit cards. In many cases, business failure or unemployment are important factors. Coupled with improper credit card management, even if you owe the bank more than ten thousand at the beginning, but if you don't pay it back, your debts will become bigger and bigger under interest. In Malaysia, as long as the debt exceeds RM50,000, the bank can sue you for bankruptcy.

Is there any better way before bankruptcy?

Before being sentenced to bankruptcy, you can ask the Credit Counseling and Debt Management Agency (AKPK) affiliated with the National Bank for help. AKPK intervened in negotiations with the bank, and debtors can be allowed to extend the amortization period, and reduce the annual interest of the card debt from 18% to 8%. The bank is not afraid that you will give less, but most afraid that you will not repay the money. AKPK can help you ease your financial situation immediately. At least you don't have to receive a life-threatening call from the bank every day, you can refocus on your work and find a new way out, earning more money on the one hand, and paying it back on the other.

Four Benefits of the Debt Restructuring Plan

1st Save Interest

Debt restructuring plan can save more interest rates, which can be reduced 3% to 5% PA, Could be reduced more than the bank credit card interest (up to 18% PA).

2nd Reduce Monthly Repayment

Debt restructuring plan can help you reorganize the installment time, thereby reducing the monthly bank credit card/loan installment payment by as much as 70%.

3rd Exempt from Legal Proceedings

Debt restructuring plan protects you from any legal action by the bank, and you must follow the minimum payment required by the restructuring procedure. Actions that can be taken in bank legal proceedings include fines, fines, blacklists, and bankruptcies.

4th Extend Installment Plan

You can extend the installment payment according to your ability, and it must be an unsecured loan (personal loan, credit card). Failure to pay in the future will result in direct losses to the bank because they cannot take over your assets.

   Reduce Monthly
 Repayment

  70%

  This plan is a restructuring plan for credit cards and personal loans to reduce our burden.

For example, you have multiple credit cards and personal loans that need to be paid or cannot be repaid. Then this restructuring plan can help you reduce your MONTHLY REPAYMENT BY UP TO 70% .

Besides, as the restructuring plan progresses, we can convert your interest rate from 18% (PA) to 3-5% (PA). After joining the debt restructuring plan, you no longer have to worry about the bank, because they could not 

   COLLECT DEBTS
 
  PENALTY FEES
  
 BLACKLISTED
 
   BANKRUPTCY 

  *As long as you implement the  minimum payment required by the debt restructuring plan.

Apply Now！Reduce MONTHLY REPAYMENT effectively.

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