Why should I seek debt advice?

There are many reasons why you should consider seeking debt advice if you are struggling with your finances. For example, you may be able to:

• Regain control of your finances. In some cases, a bit of debt advice will be all you need, and can help you regain control of your finances and address your debts. A professional debt adviser should be able to assess your situation and offer you the advice you need.

• Find the right debt solution. You may find that debt advice alone isn’t enough. A professional debt adviser should be able to assess your financial circumstances, and let you know if a debt solution could simplify your finances and make your debts more manageable.

• Have someone else negotiate with your lenders. You may be able to arrange a new repayment plan with your lenders on your own, but this can often be a time-consuming and stressful experience – and you will have to do all the negotiations and administrative work yourself. A professional debt management organisation should have the necessary experience and knowledge to negotiate with your lenders on your behalf.

What you don’t need right now is someone selling you a new mortgage, an insurance policy, a “chance of a lifetime” business or a brand new high interest loan. But that’s what you’re likely to get if you turn to those sources for help with debt. Look instead for a good credit counselor. This industry has its share of creeps and con-men.

Finally, note that some organisations that provide debt advice will provide useful resources on their websites, such as budget planners, letter templates, FAQs (Frequently Asked Questions) and debt guides.

Article Source: http://www.articlesbase. com/personal- finance-articles /where-can- i-get-debt- advice-1103714. html

Where do I go to?

http://www.akpk. org.my/
Agensi Kaunseling Dan Pengurusan Kredit (AKPK)

Regain control of your life and your debts. Through the Debt Management Programme (DMP), our counsellors will work with you to develop a personalised 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 source of income after meeting your expenses
Your total debt does not exceed RM2million
You are not under advanced litigation process
You are not a bankrupt

Dont’ wait. Do it now. Talk to us.

Call AKPK’s toll free hotline: 1-800-88-2575 or any AKPK’s office nearest to you for an appointment.

*Financial services 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 issuer (regulated by Bank Negara Malaysia)

HEADQUARTERS

Kuala Lumpur
Level 8, Maju Junction Mall
1001 Jalan Sultan Ismail
50250 Kuala Lumpur
Tel: 603 2616 7766
Fax: 603 2616 7601
Contact Centre: 1 800 88 2575

BRANCHES

Penang
Bangunan Bank Negara Malaysia
27 Corner Light/Pitt Street
10200 Penang
Tel : 604 261 2246
Fax : 604 261 2243

Kuching
Bangunan Bank Negara Malaysia
Jalan Satok
93720 Kuching
Tel : 6082 414 910
Fax : 6082 414 960

Kuantan
G-02 Mahkota Square
Jalan Mahkota
25000 Kuantan
Tel : 609 513 3190
Fax : 609 513 3255

Johor Bahru
Bangunan Bank Negara Malaysia
Jalan Bukit Timbalan
80720 Johor Bharu
Tel : 607 221 0533
Fax : 607 221 0535

Kota Kinabalu
Bangunan Bank Negara Malaysia
Jalan Lapan Belas
88000 Kota Kinabalu
Tel : 6088 538 355
Fax : 6088 538 377

Ipoh
Unit B-2-1 Greentown Square
Jalan Dato’ Seri Admad Said
30450 Ipoh
Perak
Tel : 605 242 8319
Fax : 605 242 8452

Kuala Terengganu
Bangunan Bank Negara Malaysia
Jalan Sultan Mohamad
21100 Kuala Terengganu
Tel : 609 631 2797
Fax : 609 631 2801

Malacca
Ground & Mezzanine Floor
No 179,
Bangunan Munshi Abdullah
Jalan Munshi Abdullah
75100 Melaka
Tel : 606 292 1238
Fax : 606 292 1251

Alor Setar
No 11, Ground Floor,
Jalan Persiaran Sultan Abdul Hamid,
Kompleks Sultan Abdul Hamid,
05050 Alor Setar
Kedah Darul Aman
Tel : 604 771 5773
Fax : 604 771 5737