Agensi Kaunseling Dan Pengurusan Kredit (AKPK)

Discover how Agensi Kaunseling Dan Pengurusan Kredit (AKPK) can help you take control of your finances and achieve financial stability. With personalized advisory services and debt management programmes, AKPK empowers individuals to make informed financial decisions and overcome debt challenges. Explore our range of free services and start your journey towards a brighter financial future today.

Introduction

The Credit Counselling and Debt Management Agency or commonly known as Agensi Kaunseling Dan Pengurusan Kredit (AKPK), was established by Bank Negara Malaysia in April 2006. Its primary objective is to assist individuals in taking control of their financial situation and achieving peace of mind through responsible credit management.

Financial Education

One of the core functions of AKPK is to provide financial education to individuals. This includes educating them on the responsible use of money and imparting credit management skills. By enhancing financial literacy, AKPK aims to empower individuals to make informed financial decisions and avoid pitfalls that may lead to debt problems.

Financial Advisory

AKPK offers personalized financial advisory services to individuals seeking guidance on managing their finances effectively. Through one-on-one sessions or group workshops, individuals can receive tailored advice on budgeting, saving, investing, and debt management. These advisory services equip individuals with the knowledge and tools needed to achieve their financial goals.

Debt Management Programme (DMP)

For individuals struggling with debt, AKPK provides a Debt Management Programme (DMP). This programme aims to assist consumers in regaining financial control by restructuring their debt repayment plans. Through negotiations with financial institutions, AKPK helps individuals develop affordable repayment schedules, consolidates debts where possible, and provides ongoing support throughout the repayment process.

Importance of Financial Education

In today’s rapidly evolving financial landscape, the role of financial education, particularly through institutions like Agensi Kaunseling Dan Pengurusan Kredit (AKPK), has become increasingly crucial. Effective participation in the financial system not only benefits individuals but also enhances the economic wellbeing of businesses and society as a whole.

Enhancing Economic Wellbeing

Financial education is paramount in enabling individuals and businesses to navigate the complexities of the financial system effectively. By equipping them with the necessary knowledge and skills, financial education empowers individuals to make informed decisions regarding their finances. This, in turn, can lead to improved financial outcomes and overall economic prosperity.

Promoting Financial Literacy

Understanding the risks and opportunities associated with managing finances is essential for making sound financial decisions. Financial education fosters greater awareness and literacy among consumers, enabling them to assess and mitigate risks effectively. Moreover, it facilitates better decision-making, leading to improved financial outcomes and stability.

Starting Early: Building Financial Competence

The development of financial competence should ideally commence from an early age. Recognizing this, Bank Negara Malaysia has spearheaded initiatives such as AKPK to provide comprehensive financial education to adult consumers. By instilling financial literacy from a young age and continuing education throughout life stages, individuals are better equipped to manage their finances effectively, promoting long-term financial stability.

Tailored Programmes for All Life Stages

AKPK has developed specially designed programmes targeting individuals across all life stages, from young adults in tertiary education to senior citizens in retirement. These programmes aim to empower individuals with the knowledge and skills necessary to manage their finances effectively at every stage of life. By addressing the unique financial challenges and needs of each demographic, AKPK contributes to the promotion of better financial protection and resilience within the household sector.

Financial Advisory Services

Managing your finances wisely is an essential skill that allows you to live within your means and achieve your financial objectives. At Agensi Kaunseling dan Pengurusan Kredit (AKPK), we recognize the importance of financial literacy and offer free, one-to-one financial advisory services to individuals.

What We Offer:

1. Budgeting: Learn how to create and stick to a budget that aligns with your income and expenses. Our advisors will guide you in allocating your funds wisely to meet your financial obligations and goals.
2. Money Management: Understand the fundamentals of effective money management, including saving strategies, investment opportunities, and retirement planning. Our experts will help you develop a personalized financial plan tailored to your needs and aspirations.
3. Credit-related Issues: Gain insights into managing credit responsibly, including understanding credit scores, avoiding debt traps, and negotiating with creditors. We provide practical advice to help you navigate credit-related challenges and maintain a healthy financial profile.

Empower Your Financial Future

By leveraging our financial advisory services, you can acquire the knowledge and skills needed to handle debts and other financial matters responsibly. Whether you’re facing financial difficulties or simply want to enhance your financial literacy, AKPK is here to support you every step of the way.

Please note that while we offer comprehensive financial advisory services, AKPK does not provide personal loans (pinjaman peribadi) or financing. Our focus is solely on empowering individuals through education and guidance to achieve financial stability and success.

Debt Management Programme (DMP)

Regaining control of your finances is possible with the Debt Management Programme (DMP) offered by Agensi Kaunseling Dan Pengurusan Kredit (AKPK). Our experienced financial advisors will collaborate with you to create a personalized debt repayment plan, working in consultation with your financial service providers.

How It Works:

1. Personalized Debt Repayment Plan: Our financial advisors will assess your financial situation and develop a tailored debt repayment plan that suits your income and expenses. This plan aims to help you manage your debts effectively while ensuring you maintain a positive net disposable income.
2. Free Services: Our DMP services are provided free of charge to individuals. We are committed to assisting you in regaining control of your debts without imposing additional financial burdens.
3. Eligibility Criteria: To qualify for our DMP, you need to meet certain criteria:
   • You must have a positive net disposable income after meeting all your expenses.
   • Your total debt exposure should not exceed RM5 million.
   • You should not be under any advanced litigation process, such as a creditors petition.
   • You must not be adjudged bankrupt.

Take Action Now:

Don’t let your debts overwhelm you. Take the first step towards financial freedom by reaching out to us today. Our dedicated team at AKPK is here to provide you with the support and guidance you need to overcome your debt challenges.

Please note that while our DMP services are available to all individuals, AKPK does not provide personal loans or financing. We focus solely on assisting individuals in managing their debts effectively and achieving financial stability.

*Financial Service Providers: Our DMP works in collaboration with various financial institutions, including:

• All commercial banks
• All Islamic banks
• All insurance companies
• All takaful operators
• Development financial institutions regulated by Bank Negara Malaysia
• Credit/charge card issuers regulated by Bank Negara Malaysia
• Selected cooperatives
• MBSB Bank
• Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN)

Contact Agensi Kaunseling Dan Pengurusan Kredit (AKPK)

Agensi Kaunseling Dan Pengurusan Kredit (AKPK)
Menara Bumiputra-commerce
Tingkat 5 dan 6, Jln Raja Laut
50350 Kuala Lumpur

Tel: 03-2616 7766 (HQ)