Home / Malaysia Business & Finance Law / Banking & Finance Law Credit card interest Slammed by 18.5 % interest for Credit Card which already terminated

Credit card interest (modified 0 times) Nazri Please advise what will the court may decide if to contest that bank charging 18.5% interest on a credit card which was terminated is seems not justified. Amount utilised RM16K terminated in 2003 and 2009 bank slammed outstanding RM92K. Negotiated with the bank asked for RM8K and bank gave to RM60K. Bank ask to go to AKPK...will it help? Interest after the termination feels OK if follow BLR+???% once terminated. 17 Oct, 2009 14:12:03

RE:Credit card interest (modified 0 times) firefly If already more than 6 years since they obtained judgment, no need to pay. If they did not get judgment from court, lagi no need to pay. The bank cannot do anything to you. Limitation Act protects you. 17 Oct, 2009 15:06:52

RE:Credit card interest (modified 0 times) nazri Thank you for the advise 18 Oct, 2009 03:17:47

RE:Credit card interest (modified 0 times) Slow Coach I have a similar case.How do we check whether the bank has obtained any judgment? 02 Nov, 2010 11:00:55

RE:Credit card interest (modified 0 times) Abdul Wahub Go to CTOS at Phileo, in front of Crown Princess and get your free copy. Then, you can get the Case number and the court where the judgement was given. Go to the court's 'Bilik Rekod' and get your file out. 10 Nov, 2010 22:32:51

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