▲ 26 r/MalaysianPF
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 |
u/iUngrateful — 2 days ago