您有卡债的压力吗？让我带走您的负担
Are YOU under Stress with Your Credit Card's Debt ? Let's Us Take Away Your BURDEN
with
Credit Card DEBT Settlement Solution
信用卡利息重组计划 (Credit Card Restructuring)
EASY PAYMENT PROGRAM (EPP)
Credit Cards/ Credit Card Malaysia
8.8 Millions people in Malaysia using credit cards,
8.8百万人在马来西亚使用信用卡
然而，超过22亿美元的信用卡债务和增长。我怎样才能摆脱债务？
However, over 22 Billion worth of credit card debts and growing. How can I get out of debt?
40%的信用卡持有人，只作最低还款额。
40% of credit card holders only make a minimum payment to the credit cards.
3.2 million credit card holders nationwide last year. Did you know how many of them were failed to pay credit card debts and caused them bankrupt in 2009?
On average, the percentage of credit card holders declared bankrupt was only 0.04% out of the total number of principal credit card holders in the last five years, Deputy Finance Minister Datuk Donald Lim said.” Source: TheSun
Each day in this country, 60 people aged between 35 and 44 years are declared bankrupt, with them making up 34.31 per cent, the highest, out of the total number. This group is followed by those aged 45-54 who form 26.49 per cent, 25-34 (20.09 per cent) and 55 and above, 11.77 per cent. (Source : Borneo Post, 1 Nov 2013)
难道我们想被困住？
Do we want to be trapped ?
您是否已经很长的时间:
Are You Suffering from Years:
- 在偿还最低还款额？
- just repaying your Monthly Minimum Payment ?
- 看到债务越来越高？
- Noticed Your Debts are growing higher and higher ?
- 连每月都无法偿还最低还款额吗？
- Even not afford to repay the Monthly Minimum Payment ?
如何减轻您的卡债的负担
How to reduce Your Burden for Your Debts
- 把最低还款额减半
- Reduce to HALF of Your Monthly Minimum Payment
- 降低年息从18%至9%
- Reduce the annul Bank Interest from 18% to 9%
- 在有期限的时间内还完您的卡债
- Complete Your Debts within your Term Repayment period
- 在银行保持良好记录
- Improve Your Credit Card Record
现在，让我们以易支服方式《EPP》处理您的卡债
Now ! Let's solve Your Burden with Easy Payment Program (EPP)
欲知详情，请联络：For More Information, Please Contact:
8 things you must know about credit card debt
You don't have to owe!
It is entirely possible to use credit cards regularly and stay out of debt forever. How? By only charging what you can afford to pay when the bill arrives. Use credit cards as a payment tool, not as a revolving debt instrument.
Know when short-term loans make sense.
Sometimes financing a purchase with a credit card is prudent -- as long as the repayment time frame is short.
Owing is easy, repaying is hard.
Without careful attention, sinking into overwhelming debt is remarkably easy. "Most people get into trouble gradually," Then you wake up and ask, ‘What did I buy, what did I do?'" Paying down debt is difficult because as the balance climbs, the interest compounds, and payments increase.
Debt affects your credit score.
Not only is it wise to remain debt free for your own bottom line, holding onto high balances negatively impacts your credit score. To maintain a high score, your account balance should be under 35 percent of your available credit limit.
Develop a repayment plan.
Even if you're in deep, you can probably climb out of debt with commitment and a plan. Norman Perlmutter, author of "How To Settle Your Debts," suggests going into "crisis money management mode":
Can't make a payment?
Ask for help.While your credit card company is under no obligation to accept less than the minimum requested payment, do not fear. "Try to work with your credit card company to work out payment agreements,"
Settle cautiously.
Want to settle your credit card debt for less than the actual balance? It's possible, but you need to offer a lump sum, and most creditors require borrowers be at least a few months behind.
Not need to go to jail for nonpayment, but...
If you're worried about spending time behind bars for not paying your credit card debt, know that there is no debtor's prison in Malaysia. The key is to always be aware of charging and balances, and address credit problems immediately.
没有债务问题是无法解决的
它可能不是很容易或很快，但总有一个路线. 而且越早处理越好
No debt problems are unsolvable. It might not be easy or quick, but there's always a route.
And the earlier you deal the better to deal with.
债务不只是一个金融问题. 它影响到你生活中的所有元素.
因此，有许多方法来解决这个问题 ;
从削减利息成本，预算编制，或干脆获得一单贷款的帮助。
Debt isn't just a finance issue. It feeds into all elements of your life.
So solutions are wide and varied;
from cutting interest costs, budgeting, or simply getting free one-on-one debt help.
How to deal with debt 7 ways to pay off your debts
If you’re unable to pay your bills and don’t deal with the situation correctly, it can be easy for your debts to spiral out of control.
However, there are plenty of actions you can take to reduce your debts and regain control of your finances.
Here, we suggest 7 ways to clear your debts more quickly.
1. Switch to a 0% balance transfer credit card
If you're paying interest on credit card debt, think about switching your balance to a 0% balance transfer deal - the best deals currently offered is Easy Payment Program (EPP)
2. Improve your credit score
Before you apply for credit, check your credit score report with your Bank.
3. Pay more than the minimum on your credit card
If you only make the minimum payment on your credit card, not only could it take you years to repay the full balance, you may also be damaging your credit score.
Your credit report records whether you make the minimum payment or a bigger amount – if you're only paying the minimum on existing debt may suggest to potential lenders that you're struggling to balance your finances,
4. Consolidate your debts with a personal loan
If you owe money on a credit card or overdraft with a high interest rate, it's worth considering a Best Rate personal loan. These often charge a lower APR and give you certainty over the monthly repayment, as well as the period over which you'll clear the debt.
5. Get independent credit debt advice
If you can't afford the repayments on existing debt, it's better to get independent advice rather than getting further into financial trouble by AKPK debt management companies.
6. Get an authorized overdraft
If you think you're likely to go into overdraft, or to exceed your existing overdraft limit, speak to your bank as soon as possible as it may be willing to increase your authorized overdraft.
7. Pay off debt before saving
While it's good to have a financial cushion for use in emergencies, there's little logic in having savings if you also owe money on a credit card or overdraft. The saving rates might be lower than your credit debt interest of 18%. Using your savings to pay off your borrowing could save you hundreds of RM a year in interest charges.
CREDIT CARD DEBT RESTRUCTURING MANAGEMENT
INTERESTED IN DEBT RESTRUCTURING? CALL JA AVENUE'S CONSULTANT FIRST.
Debt restructuring is one of several debt relief options people often use to pay off loans or eliminate credit card debt. Debt restructuring typically involves taking a new loan to pay off a variety of creditors. Ideally, the terms of any debt restructuring deal should be advantageous to the consumer, reducing the total of amount of monthly payments and/or the total amount of principal and interest to be paid over time.
Unfortunately, there are some common pitfalls to debt restructuring arrangements. For consumers who are in financial distress or whose credit score has been damaged, it may be difficult to get a debt restructuring loan at a decent rate.
If you're considering a debt restructuring arrangement, contact JA Avenue Marketing Sdn. Bhd. We're specialized in dedicating to providing credit relief to individuals and families and helping them find their way out of debt. Our experienced credit counselors can help you decide if debt restructuring is the best course of action for you or if other debt reduction programs may be more advantageous.
ALTERNATIVES TO DEBT RESTRUCTURING.
At JA Avenue, we frequently encourage consumers to consider other debt relief programs, like a debt management plan, as an alternative to a debt restructuring deal. Under a debt management program, you work with our counselors to evaluate your financial situation, create a budget and set aside money each month to help pay down your debt. We consolidate your debt payments, so you can make one payment each month to your Bank.
This makes it easier to manage your finances, keep current on payments, and reduce the stress of owing lots of money to lots of people. We also work on debt negotiation with your creditors to get possible reductions in finance charges, interest rates, late fees and other charges. This helps to save you money and makes it possible to pay off your debt faster.
Credit Card Easy Payment Plan (JA Avenue Marketing Sdn. Bhd.)
- Alternative to Credit Card Debts
Credit card EPP restructuring is one of the debt relief options frequently used to pay off or eliminate debts. Ideally, the terms of credit card EPP restructuring deal should be advantageous to the consumer, by reducing the amount of monthly payments and amount of principal / interest to be paid over time.
We are bank outsource agency for Credit Card Easy Payment Plan /Credit Card EPP credit management restructuring.
Convert /refinance your credit card debts/ CASH out EPP up to 3 years installment from 8 - 11%pa interest - interest and tenure differ by bank. Within the same card and more flexible repayment to the same card account of the same bank.
It is through Credit Card Easy Payment Plan /Credit Card EPP credit management. After restructuring, credit card debt become zero and every month there is a fixed monthly installment, pay to the SAME BANK and SAME CREDIT CARD ACCOUNT, just like your normal credit card payment.
Processing time is about 3-5 working days. No processing fees except the interest.
Before and After EPP Offer workout sample
Credit Card Debts Management/Debt Management Requirement
Nevertheless, there are some pitfalls to credit card EPP restructuring arrangements. For consumers who is in financial distress or whose credit score has been damaged, it may be difficult to get credit card EPP restructuring. Below are the requirements:
1. Active credit card;
2. Visa /Master only;
3. Malaysia issued credit cards depending on promotion of the bank;
Why us? What are the advantages?
Interest saving - slash interest from 19%pa to 8 - 11% pa depends on bank.
Flexible repayment - option to pay 5% min of monthly installment amount. For instance a 10k credit card debt if converted into 3 years installment, the monthly installment is about 300+ and you can pay 5% min of the 300 or RM50 whichever is higher. Without restructuring, have to pay RM500.
Late charges is base on installment amount instead of the total credit card debt amount.
Better bank records - After restructuring by JA Avenue's Credit Card Easy Payment Plan, you don't owe the bank anymore. Although your debt had been cleared for the moment, your credit card is still can be use.
Credit Card EPP Easy Payment Plan Restructuring FAQ :
Q1.
If CCRISS or ctos blacklist check /ctos Malaysia, am I still eligible for credit card EPP Easy Payment Plan restructuring?
As long your card is still active, you are eligible even though you are listed in CCRISS or ctos blacklist check /ctos Malaysia.
Q2
What is the use of EPP beside restructure credit card debts?
EPP can be used to apply for CASH ADVANCE with lower interest rates compared to normal 18%pa interest + 5% advance fee.
Q3
What is the meaning of “restructure” or “settlement” ?
Process of converting outstanding balance from credit card to EPP (Easy Payment Plan).
Q4
What is required to proceed with credit card EPP Easy Payment Plan restructuring?
Applicant needs to be present and cannot be represented by a third party. Identity verification by the bank is required during transaction. Applicant needs to bring along I/C and credit cards to be converted.
Q5
If my card is 3 months overdue, am I still eligible for credit card EPP Easy Payment Plan restructuring?
First of all, you must confirm with the bank whether your card is “Active”, “Temporary Blocked” or “Not Active”.
If your card still active, yes you are eligible to apply for credit card EPP Easy Payment Plan restructuring.
If your card is “temporary blocked”, you can settle the minimum payment and apply for credit card EPP Easy Payment Plan restructuring then.
If your card status is “Inactive”, you are not eligible except to transfer to third party account.
What is CCRIS and CTOS?
I would like to share with all the readers’ very important information for everyone who would like to apply any type of loan facility from the banks. A lot of people must be wondering why some of their loan application being rejected. WHY?
Generally financial institution in Malaysia will look into applicant’s credit affordability through CCRIS (Central Credit Reference Information System) and CTOS (Credit Tip Off Service).
What is CCRIS?
CCRIS stands for Central Credit Reference Information System. CCRIS is a computer database of all creditors / borrowers which contains all their credit information.
Mostly financial institution in Malaysia will submit monthly credit report of all their creditors / borrowers to Credit Bereau in Bank Negara Malaysia. There is about 9 millions of creditor’s information which is stored in the CCRIS system today. All the data will be process by Bank Negara Malaysia for a credit report which can be access by any financial institution when ever they require. CCRIS report will show all your total credits, interest charges and other outstanding charges for all loans that you have with any banks in Malaysia. From housing loan, personal loan, credit card, hire purchase and overdraft. Everything will appear in CCRIS. It will give an overview for the bank officer for financial capability of a person who is applying a new bank facility. CCRIS will also give the information on any summons or bankruptcy that being filed.
Financial institution usually will evaluate your credit limit with all outstanding loans, together your loan repayment track record. Generally all financial institution will reject your loan application if there is more than two (2) months loan repayment outstanding. Banks will also use the information to calculate your monthly commitment based on your monthly installment and total loan remaining. The information will also be used to calculate DSR (Debt Service Ratio). Some of the financial institution will also reject your bank facility if your DSR were at 50% or higher.
To get your credit report you can visit
Ground Floor, D Block, Jalan Dato' Onn, Kuala Lumpur.
Tel: 1-300-88-5465 (1-300-88-LINK) (Overseas: 603-2174-1717)
Fax: 603-2174-1515 E-mail: bnmtelelink@ bnm.gov.my
Website : http://creditbureau.bnm.gov.my
What is CTOS?
CTOS Sdn Bhd is an organization that collects information for summons and bankruptcy towards individual or company and the information will be registered into their electronic database. Reports will contains all information such as court file no, location, court order, name, ic no, case status and etc. You can say everything will be recorded in CTOS. Even for summons case, the same thing will be registered. EVERYTHING!!
can get your CTOS report from:
CTOS Sdn Bhd (209649-U)
Unit A-8-4, 8th Floor, Megan Avenue 1,
No 189, Jalan Tun Razak, 50400 Kuala Lumpur,
Malaysia
Tel: 603-2770 8833 Fax: 603-2770 8834
Website: www.ctos.com.my
In conclusion, CCRIS and CTOS is the first step evaluation the bank officer from any financial institution before your loan application to be sent over for approval. It is advisable for applicants to at least service your existing loan for a 12 months period with no late payment or skipping any payment before you plan to take any new loan. The chances are much higher this way. To all people out there who are planning to take up new bank facility or new loan, please get your CCRIS and CTOS report clean before applying to save your time, energy and money.
Credit Card Debts News
Around 60 people below 44 declared bankrupt each day
PUTRAJAYA: Each day, 60 people aged between 35 and 44 years are declared bankrupt, which makes them the highest out of the total number (34%).
This group is followed by those aged 45-54 (26%), 25-34 (20%), and 55 and above (11%).
Minister in the Prime Minister's Department Nancy Shukri said up to September this year, 16,306 people were declared bankrupt and the number kept increasing each year.
"From 2007 until September this year, 116,488 people were declared bankrupt," she told a news conference after handing out bankruptcy clearance certificates to 30 individuals.
Present was Malaysia Department of Insolvency (MdI) director-general Rohana Abd Malek.
She said since MdI was established until September this year, 251,209 people were declared bankrupt and out of this, only 28% sought the advice of the MdI for case management while the rest could not be detected.
According to statistics from MdI, 13,238 people were categorised as bankrupt in 2007, 13,855 in 2008, 16,228 in 2009, 18,119 in 2010, 19,167 in 2011 and 19,575 in 2012, with those in the private sector or doing business forming the highest percentage.
During the 2007-2013 period, Malays and Chinese constituted the biggest group at 45.10% (52,535) and 32.97% (38,407) respectively compared to the Indians who formed 12.63% (14,710) and other races making up 9.30% (10,836).
Based on categories (2007-2013), car loan defaulters recorded the highest number of bankruptcy cases at 30,451 (26.14%), followed by housing loan defaulters at 20,529 (17.62%), personal loan defaulters at 18,053 (15.50%) and business loan defaulters at 14,431 (12.39%).
The MdI statistics also show that credit card debts made up 4.18% (4,875 cases) of the total number.
Nancy said bankrupty was not the end of the road for defaulters as it could be protection instead, when they could not pay up their debts due to various factors.
She said in developed countries like Australia, the United Kingdom and United States, the people used bankruptcy as protection by filing bankruptcy application and by restructuring their debts.
"This is the practice that we wish to encourage as we don't want people to just borrow money and then shirk the responsibility of paying up their loans or debts."
Between January and September 2013 alone, 27,432 bankruptcy petitions were filed in court.
"Out of this number, 99.2% (27,210 cases) of the bankruptcy petitions were made by the creditors and 0.8 per cent (221 cases) were made by the debtors themselves," Nancy said.
She said for those burdened with debts and having difficulty to pay up, the government through Bank Negara had set up the Credit Counselling and Debt Management Agency to assist them.
The existing bankruptcy law was also in the process of being amended to prevent many people from being victims of bankruptcy, she added. - Bernama
Source: The Star, 31 Oct2013
If you need our help and more information, pls contact the following Person in Charge
Credit Cards Settlement Solution
信用卡利息重组计划 (Credit Card Restructuring)
EASY PAYMENT PROGRAM (EPP)
Step One (1):
<< EPP 信用卡利息重组计划 >>
问题1：您的身边有朋友面对信用卡利息太重的问题吗？
问题2：您的身边有朋友每个月都不能如期还钱而且担心利息的问题吗？
问题3：您的身边有朋友需要用长时间及最低利息来还清卡债？
问题4：是否愿意给每年18%的利息？
我们可以帮您将一年18%的利息降至一半，绝对不会再有利踏利的问题。
再让您有选择性地分成12/24/36 个月分期还回原有的银行。
（免手续费，100％批准)
<< EPP Credit Card Interest Restructuring Plan >>
Q1: Does your friends hardly clear the overburden credit cards debt?
Q2: Does your friends paying interest rate of 18% p.a. for the credit cards outstanding balances years after years?
Q3: Does your friends do not have ready cash and not able to settle these debt in near future?
Q4: Does your friends want to settle their debt with longer period of time with lowest interest charges?
We are able to help you to reduce the yearly interest rate from 18% to 9%.
We provide you monthly installment plans of 12/24/36 months to pay back card issuer bank.
(without handling charges, 100% approved for active card)
Step Two (2):
用信用卡借换取现金并做成分期付款!!
利息8%/1年（不同银行有不同的算法）
可以做从1年, 2年到3年。
Fast cash advance approval for personal used!!
Interest 8% per year
We are able to process 2 to 3 years plan.
<< 有什么好处? >>
1. 每月只付最低限度银额也就是RM50都不会被停卡也不会被银行催账。
2. 如果你财务状况不好，连续3年都只还最低限度银额，既是RM50×36的话。还可以再做分期付款，包你再没有压力的情况下轻松还账。
3. 没有其他的费用，不需要任何文件，不用担保人，就像用卡分期付款买电器一样简单。
4. 相比于银行，利息低至每年6%。
5. 每年省利息10%以上。
6. 用2年至3年还清债务。
7. 固定每月银额还回银行。
8. 100%批准（只给未停卡用户）。
9. 谢绝黑名单者。
10. 在银行可维持良好的纪录。
11. 以后将容易获得个人或房屋贷款。
12. 可换取信用卡积分。
<< Benefits? >>
1. Even if you only pay minimum payment which is RM50, bank officer won’t call you or block your credit card.
2. If your financial situation not well, the followings months you just can pay the minimum payment which is RM50×36, you still able to restructure your credit card and make sure you can pay the money with no pressure.
3. No hidden charges, do not need any documents, no guarantor, no processing fees, just as easy as buying an electric appliance.
4. Lower interest rate of 6% p.a. (compared to normal rate of 18% p.a.)
5. Total interest savings of 10% p.a. and above.
6. Debt is able to settle within 2 to 3 years.
7. Fixed monthly installment to repay back to the card issuer bank.
8. 100% approval (for active cards)
9. Avoid being blacklisted under CCRIS and CTOS.
10. Having a good payment history in bank record.
11. Easy to get personal loan or home loan in the future.
12. Earn credit card points as well.
别再犹豫!!想处理卡帐的朋友都欢迎 Whatsapp 我 (+6017 819 3336)
这可让您省更多利息。
今天就行动，否则银行将每天收取额外利息，而且现在必须在19天内还卡债，不再是一个月了！
Do not hesitate to contact me for restructuring your credit card outstanding balances, this program will help you to save more interest and easy your burden.
Take action today by contact me via SMS/Watsapp (+6017 819 3336)
* Bank interest rate on credit card debt will be charge according daily basis within 19 days.
* Now the money repay period to bank is 19 days, not 1 month!
State: All area in Malaysia
服务包括全马来西亚
Seek for more information from our Credit Card Restructuring Management first before you go for AKPK
THING YOU SHOULD KNOW ABOUT CREDIT CARD DEBT MANAGEMENT
before you go for AKPK Debt Management Program
Regain control of your life and your debts. Through AKPK’s Debt Management Program (DMP), our counselors will work with you to develop a personalized debt repayment plan in consultation with your financial service providers*.
AKPK does not provide loans or financing.
Our DMP is available to all individuals who need assistance in managing their personal debts with financial service providers* regulated by Bank Negara Malaysia, provided that:
- You have a positive net disposable income after meeting all your expenses
- Your total debt exposure does not exceed RM2 million
- You are not under any advanced litigation process such as bankruptcy notice/creditors petition etc.
- You are not adjudged bankrupt
- Don't wait. Do it now. Talk to us.
Call AKPK's toll free hotline: 1-800-88-2575 or visit any AKPK office nearest to you for an appointment.
*Financial service providers comprise of:
- All commercial banks
- All Islamic banks
- All insurance companies
- All takaful operators
- Development financial institutions (regulated by Bank Negara Malaysia)
- Credit/charge card issuers (regulated by Bank Negara Malaysia)
If you are experiencing unmanageable debts, you are not alone
Debt Management Programme (DMP)
Individuals who are unable to manage their debts on their own and satisfy the basic qualifying criteria can be enrolled into AKPK’s Debt Management Programme (DMP).
AKPK’s DMP aims to help those who are distressed by their financial obligations to financial service providers under the purview of Bank Negara Malaysia (BNM).
What is a DMP?
A personalized debt repayment plan for individual customers developed in consultation and agreement with Financial Institutions (FIs) involved
Who is entitled?
Any individual who satisfies the DMP criteria of:
- not being a bankrupt
- not being in an advanced stage of litigation
- having sufficient net disposable income after meeting one’s expenses, and
- having a total debt size of not more than RM2 million
What does the DMP process entail?
- The borrower are encourage to attend 20 minutes public briefing + question and answer at our premises or branches accorded with public briefing
- For branch without public briefing, you may discuss with our counsellors immediately
- The borrower shares his/her financial predicament with AKPK's counsellor
- A review of the borrower's monthly expenses is done with a view to identify potential savings
- All loan facilities and latest loan balances are declared by the borrower
- Negotiations take place between AKPK and financial institutions on behalf of the borrower
- Issuance of DMP confirmation letter by AKPK and you may opt to pay direct to your financial institutions or pay via AKPK
- You may ask to sign the Supplementary Letter Offer (SLO) by your financial institutions
Documents required during counselling
- Latest CCRIS Report from Bank Negara Malaysia
- Latest loan statements for all facilities
- Latest salary slip if employed
- If self-employed, please provide the prove of your income such as statutory declaration
- Latest EPF statement if you want to restructure your housing loan
- Any legal documents if any
- Income Tax Statements if any
Benefits of DMP
- Reasonable repayment terms are tailored to the individual's available cash flow
- Moratorium of legal proceedings
- Cessation of calls from debt collectors
- Getting back on track and moving on with life
Consequences of enrolling into DMP
- Lifestyle adjustment needed
- Withdrawal of credit lines
- Obtaining of new credit while enrolled in DMP is subject to FI's discretion
What are the determinants for a successful DMP?
- Strong will and determination in wanting to get back on track and move on with life
- Discipline in making payments as scheduled
- Willingness to make sacrifices for future freedom from debt
Under what circumstances your DMP come to end?
- Upon early or full settlement
- Upon request for withdrawal
- Upon termination of account for non-payment
- Upon notification of your death
