“Why are you in deep credit card debt?” Is it because of excess spending that causes you to default on your credit card payments or is it due to the pay cut or job loss brought about by recessive times?
As for me, my credit card debt (hubby and mine) was caused by excess spending and insufficient income. There was always not enough income (from both of us) to pay the credit card payments, daily expenses, car and home loan instalments.
Whenever there was insufficient money to pay the minimum credit card payments, withdrawing cash advance from credit cards was always the solution to settle the payments.
As a result, more credit card debt incurred due to cash advances, cash advance fees, late payment charges and other miscellaneous fees imposed by banks.
Just as I thought filing for bankruptcy was the only way out to get rid of staggering credit card debt and harassing phone calls and warning letters from the creditors and credit card companies, AKPK saved me (and hubby) from declaring bankruptcy.
Regardless of why you are in debt, you need to know that there is a way out without resorting to bankruptcy. You can get out of your situation through AKPK’s debt management plan if you are a Malaysian.
The AKPK’s debt management program is individually designed to provide you with a unique solution for your financial situation; it keeps you from having to take out a debt consolidation loan or file for bankruptcy.
If you think that a debt management program is right for you, it is important to make sure that you know perfectly well the pros and cons of enrolling in a DMP.
AKPK’s debt management plan is a way out to get rid of credit card debt without filing for bankruptcy for me, but it does not necessarily suit you.
You yourself have to attend the credit counseling briefing to know the ins and outs or the pros and cons of the debt management programme before making a decision.
