Home / Malaysia Bankruptcy Law / Business & Consumer Bankruptcy Law What should i do now......

What should i do now...... (modified 0 times) Credit Card Victim Profile Hope some one can provide a way what should i do no.... I have own a bank in 2004 and since that time i did not received any legal letter from the bank (maybe due to i shifted). now in 2012, i received a call from a debt collector firm claim that they are acting on behalf of the bank to collect the total amount (priciple and interest) RM26xxx. thay want me to paythe amount before end of Feb, if not the bank will takke action against me. my question is : 1) can the bank still take legal action against me since it more then 6years ? 2) dun know is true or not, i undestand that the bank have to stop caluculate the interest after a certain year ? is it true? 3) if the bank really lost their right to take legal action on me since it more the six year, what can i do to stop the debt collector to keep on disturb me... they threaten they will come to my work place or home to embrass me....... can i report the case to BN or police? 4) if the bank have already get the judgement agaisnt me before the six years time over.... y they still want to appoint the debt collector to collect from me? 5) normally will the bank back up the debt collect if i take action agianst the debt collector? hope some one can really give me a constructive view on my matter urgently will be much appreciate. thank a lot. 01 Feb, 2012 14:32:13

RE:What should i do now...... (modified 0 times) vkpc 1) can the bank still take legal action against me since it more then 6years ? Normally No. 2) dun know is true or not, i undestand that the bank have to stop caluculate the interest after a certain year ? is it true? After 6 years, interest stops. 3) if the bank really lost their right to take legal action on me since it more the six year, what can i do to stop the debt collector to keep on disturb me... they threaten they will come to my work place or home to embarrass me....... can i report the case to BN or police? Visiting and embarrassing people is not a crime. You can report but the police will do nothing. 4) if the bank have already get the judgement against me before the six years time over.... y they still want to appoint the debt collector to collect from me? Because they still want to try their luck at collecting something. 5) normally will the bank back up the debt collect if i take action against the debt collector? What kind of action? No. 01 Feb, 2012 14:53:58

RE:What should i do now...... (modified 0 times) Credit Card Victim Profile 2) dun know is true or not, i undestand that the bank have to stop caluculate the interest after a certain year ? is it true? After 6 years, interest stops. Thats mean now i own the bank for RM26xxx. that should be the max already since it have over the six years? the six year is based on when???? 3) if the bank really lost their right to take legal action on me since it more the six year, what can i do to stop the debt collector to keep on disturb me... they threaten they will come to my work place or home to embarrass me....... can i report the case to BN or police? Visiting and embarrassing people is not a crime. You can report but the police will do nothing So what should i do to stop them? is there a way? can i complain to BNM and the Bank to ask them to instruct the debt collector to stop embarrassing me........??? thank a lot VKPC... your are really great. thank .. 01 Feb, 2012 15:39:38

RE:What should i do now...... (modified 0 times) vkpc can i complain to BNM and the Bank to ask them to instruct the debt collector to stop embarrassing me........??? BNM is too busy for such things. Bank is the one asking debt collector to embarras you. Thats mean now i own the bank for RM26xxx. that should be the max already since it have over the six years? the six year is based on when???? Legally now you owe nothing to the bank if they did not sue earlier. Six year is based from the date they suspended your credit card. 01 Feb, 2012 15:58:28

RE:What should i do now...... (modified 0 times) credit card victim is it possible for a bank to over look sueing a person before the six year time frame? 15 Feb, 2012 14:50:47

Disclaimer - Please Read Carefully

These Bulletin Board pages are intended as a public service primarily to allow non-lawyers and lawyers to share experiences and opinions with other non-lawyers and lawyers. They are NOT intended to be a source of advertising, solicitation, legal advice, self-promotion or disparagement. Lawyerment assumes absolutely no responsibility for postings or their content. Visitors may post questions, comments and replies without prior review by Lawyerment, but we reserve the right to delete any postings (in whole or in part) for any reason at any time.
However, the fact that a posting remains on site NEVER means that it has been approved or endorsed by Lawyerment. By making a posting you are agreeing that the material you post becomes the property of Lawyerment. Lawyerment is a unit of Magnificent Communication. Visitors should exercise great caution when reading this (or any other) Bulletin Board. Be aware that those who post messages may not be who they claim to be. Never to rely on any advice in legal matters except from an attorney you have retained to represent you and your interests. To locate and retain an attorney we suggest you visit our Lawyerment Lawyers' Directory.
Click here to visit Lawyerment.com for 1000's of answers to legal questions. Please read our Privacy Policy and Disclaimer & Conditions Of Use.
Copyright © 1999-2011 Lawyerment.com. All rights reserved