u/iUngrateful

Retiree's Credit Card Debt

Long story short , my uncle is in his 70s , no children (that is alive) , no income has a wife and a house fully paid worth around 1.5m.

He's been on AKPK for the last year plus (unfortunately after burning through his cash paying only minimum card payments) & Currently the consolidated debt payment has increased.

Only option out i see now is to ask him to sell the house , clear debt and move somewhere else.

Would appreciate if any of you have other ideas , below is the breakdown of the debt

Facility Type Instalment Amount Outstanding Amount Tenure
Credit Card RM 600.00 RM 60,748.33 105 months
Credit Card RM 280.00 RM 26,014.89 110 months
Credit Card RM 250.00 RM 24,685.79 108 months
Total RM 1,130.00 RM 111,449.01
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u/iUngrateful — 2 days ago