Testimonials

Problems

Mr. Noor, a high-income software engineer employed at a renowned bank in Kuala Lumpur, found himself burdened by past financial mistakes, accumulating a personal loan debt of RM80,000. In 2022, he enrolled in AKPK to restructure this debt.
In 2023, Mr. Noor wanted to purchase land in his hometown, despite his high income placing him in the T20 bracket, he is unable to get financing due to his involvement with AKPK. His banker repeatedly informed him that he would be unable to secure financing from the bank for the next 10 years, until his RM80K debt with AKPK was fully repaid.

Solution

In 2023, our advisor approached Mr. Noor and discovered that despite his high income, he was unable to secure financing due to his involvement with AKPK. To address this issue, we assisted Mr. Noor in obtaining a low cost short-term funding of RM85,000 to pay off his AKPK. This enabled him to clear his name from AKPK, and proceed with his loan application.

Results

In August 2023, just one month after clearing his name from AKPK, our credit advisor successfully helped Mr. Noor secure RM250,000 financing from two banks. Not only did we assist Mr. Noor in exiting the AKPK, but we also match Mr Noor credit profile with 13 banks in Malaysia, ultimately helping him secured RM250,000 personal loan with low interest rate of 2.85%, with repayment lower than what he was previously paying to AKPK.

Customer Testimonial

Thanks to Ringgit Minded, Iam able to get RM250,000 personal loan despite being told by many banks it wasn’t possible due to AKPK. Mr. Modens was very helpful and professional, guiding me through the process with responsiveness and responsibility
Mr. Noor
Software Engineer

Problems

Mdm Nur is an assistant manager working in a BPO company. She has high credit card debts totaling RM80K, which makes her unable to commit to installments, leading to late payments on her loans. Mdm Nur has tried to get a debt consolidation to restructure her credit card debt into lower installments and hopes to obtain some cash to renovate her house. However, she has been turned down by many banks due to her high commitments and bad repayment history.

Solution

Our credit consultant approached Mdm Nur and learned that the reason she is not getting financing from the bank is her high credit card usage and late payments on her loans. To address this issue, we provided iKasih, a program that helps Mdm Nur pay her monthly installments for 3 months to prevent defaulting on payments to the bank. Additionally, we lowered Mdm Nur’s credit card outstanding balance by providing her with short-term financing. This process successfully improved Mdm Nur’s credit score from 530 to 680 within 3 months.

Results

Mdm Nur successfully obtained a RM180K Debt Consolidation Loan after going through our iKasih program. This loan consolidates all her credit card debt into an affordable monthly repayment of RM1977, allowing her to achieve her financial goals, including renovating her house.

Customer Testimonial

Ms. Tya has been incredibly helpful. She provided me with a free debt analysis report that accurately pinpointed the weaknesses in my credit profile. Ringgit Minded also assisted me during my difficult times and ultimately provided a solution that could solve my problems. Initially, I was worried about engaging with a loan agency. However, after attending their first consultation, I realized they were very transparent about the charges, and they didn’t charge me anything until the loan was disbursed
Mdm Nur
Assistant Manager

Problems

Mdm Siti is a teacher working in a government school. Due to a lack of money management, she borrowed some money from a money lender and owes some money to a motor shop since 2017. In 2024, she tried to apply for a personal loan to consolidate her credit card and personal loan debt but was rejected by the bank due to the trade references record on her credit report. Mdm Siti attempted to contact the money lender but was informed that she needed to pay triple the amount she had borrowed.

Solution

After learning from Mdm Siti that the reason for her loan rejection was the negative trade reference on her credit report, we decided to investigate further. We asked Mdm Siti to provide us with invoices and any payment receipts to the money lender. Then, we contacted the money lender to negotiate for better terms to settle her debts. After negotiating with both the Money Lender and the Motor Merchant, we were able to help Mdm Siti negotiate for a lower payment to clear off the debts. Mdm Siti agreed to paying off the debt in one shot, and the Money Lender agreed to remove her name from the credit report within a week. We also assisted Mdm Siti in liaising with CTOS to speed up the record clearing process.

Results

After clearing Mdm Siti’s trade references record from CTOS, we helped her match her credit profile with more than 13 banks in Malaysia. In the end, we were able to assist Mdm Siti in obtaining a RM150K debt consolidation loan that could restructure all her credit card debt into lower installments.

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