Home / Malaysia Bankruptcy Law / Business & Consumer Bankruptcy Law Credit Card Debt

Credit Card Debt (modified 0 times) Ning Gd morning sir/madam i need ur advise, i owned citibank credit card with outstanding sum of RM19331.03, i want to pay back by installment but i have skip 3 month didn't make payment because of financial problem. i have received a letter from lawyer firm just recently, so what should i do? Should i reply to the lawyer and propose how i pay back to citibank without the interest charge. 01 Sep, 2010 11:08:17

RE:Credit Card Debt (modified 0 times) ccss At this moment i dont think they will accept with no interest charge ... they will keep interest rolling ..that how credit card bank earn money. So what my advise is : 1)cut your credit card . 2)try find some solutions/way earn money and make payment. i dont know how big the sum mean to you ... but personally i felt is not worth to go through the bankruptcy process. What you need to do is change your lifestyle .. solve the problem and move on .. gd luck 03 Sep, 2010 17:10:26

RE:Credit Card Debt (modified 0 times) ccss sry abt the sad face ... they really need to change the symbol of smilling .. so easy to make mistake. 03 Sep, 2010 17:11:59

RE:Credit Card Debt (modified 0 times) Orang Kuching Dear friend Dont wori, I have experience attending the court hahah, there are few ways: 1. You can make a visit to the bank, draft a letter saying you unfit to do the payment, request to make monthly payment. 2. Even you visit the lawyer he will direct you back to the bank. 3. ignore the lawyers letter and then the bank have no choice to drag you to court and the same thing will happen the lawyer will ask you to go back to the bank and dealt with the officer to do the payment montly. Once they drag to court the bank cannot inert interest anymore. 08 Sep, 2010 08:31:17

RE:Credit Card Debt (modified 0 times) Pening Hi, Just register yourself wt akpk. they will help to nego wt bank and the interest will stop when you in akpk program. 14 Sep, 2010 19:44:04

RE:Credit Card Debt (modified 0 times) vkpc Once they drag to court the bank cannot insert interest anymore. This statement is not true. the interest will stop when you in akpk program. This is also not true. 15 Sep, 2010 01:11:45

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