Where to get financial education?

AKPK is a wholly owned agency of BNM, their mission is to make prudent financial management a way of life for all Malaysians. They offer this through services such as financial counselling and its debt management program.

With financial counselling, the AKPK welcomes individuals to come talk to them if they have any issues regarding any financial or concerns. It is stressed that seeking help early will be extremely beneficial as if an individual’s situation has deteriorated to bankruptcy, the AKPK is unable to offer any of their services as the bankrupt will then be under the Jabatan Insolvensi’s jurisdiction.

On the other hand, AKPK’s DMP aims to allow users to gain control of their life and debt again through their counsellors who will work with you to develop a personalised debt repayment plan in consultation with your financial service providers.

AKPK’s Power! Programme was developed as part of AKPK’s financial education initiatives through road shows, classroom tranining and its Power! Book which is available free of charge to the public. The power! Programme aims to provide sound advice and basics on cash flow management, the basics of borrowing, using credit cards wisely, buying a car and a house, as well as knowledge on managing one’s debts. The AKPK reported that “as of July 21, 2016, 10,869 cases successfully exited from DMP with total outstanding of RM443.8 million.”

The POWER! Programme covers sound advice and basics on cash flow management, the basics of borrowing, using credit cards wisely, buying a car and a house, as well as knowledge on managing one’s debts.

Addition, the AKPK would like the public to know that all their services are free of charge due to recent cases of individuals pretending to represent AKPK and offer customers debt restructuring for one per cent of the total loan.