Failure to pay licensed money lender

ConnedLilFella — Mon, 25 Jun 2018 12:01:08 +0800

Dear all or anyone,

Anyone if familiar with licensed money lenders that are with shops and registered to government (blacklisted from banks), if we unable to pay them installment, what will happen?

If we go bankrupt, what they will do to us?

Desperate Need for Financial Advice

ConnedLilFella — Mon, 06 Feb 2012 10:20:20 +0800

Hi all bros here,

I'm here desperate for some advices you can share to me, based on your experiences.

I used to have a good financial condition, with a stable job, single. But somehow one fu*king-as*hole so-called best fren conned me out of a biz, and left me deep-shit in debt, which gave me severe headache everyday. I really dun wanna explain again on the stupid biz, but I really hope to reconstruct my financial life and I hope bros here can help me.

Nett Salary : RM3500
Monthly Commitment : Insurance (RM400)
Luckily I paid off my car and staying in parent's house and every month I need to pay RM400 on the fixed commitment only. But my debts...

Personal Loan : RM21000
CC debts : RM31000
Other debts (close relative) : RM20000

With these debts, I really dunno how I'm going to survive each month.

I'm planning to go to AKPK help, to lengthen my repayment with minimum fee (maybe 10~20 years?). Then I'll work hard as much as I can to earn more money.

Can I paid lum sum to AKPK if I find the money to do so? Like I got profit = RM20000, and I throw all to AKPK to reduce the capital debts?

Bros...I know you guys are professional and keen to help.

Pls help me....before I get a brain cancer.

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Failure to pay licensed money lender

Desperate Need for Financial Advice