Tuesday, November 20, 2018

Appeals of Mara loans / Rayuan Permohonan Pinjaman Mara

In my previous posting about Pinjaman Mara , some still do not understand the facts and figures.

OK , put it bluntly... lets get to basics.

HOW MUCH CAN YOU PAY? Lump Sum + Monthly ?
Please check your CCRIS and CTOS report from Bank Negara and via the CTOS apps.
Can you open a Checking Account or Current Account?

As a lender, MARA is an organisation that is based on trust and for that matter, you are linked with your 2 guarantors, usually family members or friends. It pains them too because of you, they are in trouble.

Why I ask these matters, is that you must take charge of what your assets are and what are your liabilities. Student loans can be forgiven or huge discounts be given. I have heard full waivers if YOU COMPLETE 3 pointers aka 3.0 CGPA Grade or First Class Honours.

If you study and flunk out like me.. need not fret. It is NOT the end of the world. Some educational institutions locally or overseas can take your grades as credits and provide you waivers. However, you need to get your act together. Just because you have kids and all, does not mean you cannot work or study. Some take great lengths to work and study at the same time.

What pays GOOD MONEY? Driving a Truck or Bus pays as much as RM4500 a month. Working in Singapore too will get you more, provided you stay in Singapore and do not commute as the time wasted can be used for OT or other stuff. Bus Drivers in Singapore take home at least S$3500 or about RM10,000 !

PTPTN does that. Bankruptcy does that too. At one point or another, I did mediocre jobs like being a despatch rider for McDonalds and PizzaHut to feed the kids. Its long hours did not mean I cannot do anything else during the TRAFFIC JAM hours such as postal delivery et al.

I truly understand where you are coming from and at times, family will press you down. I remember my late father ridiculed me having a PhD + MD and ride a bike sending food but that put food on my table and my kids not to go hungry. Going up and down is a grim reminder of me to be a HUMAN and be kind to others, to be charitable and even the small help will go a long way.

Coming to the appeal. Encash every single piece of jewellery you can find. AR-Rahnu pays good money for jewellery. Do not borrow from Credit Cards. It's a trap!

Now... Set this way.

Pay off MARA with 50% of all assets.
Sell all liabilities such as car etc. leave only ONE CAR and ONE BIKE for commute.
Write or call them. Email also works. Find out who is your case officer.
Think of your GAME PLAN. You want to work, study back, etc etc?

Think first.....

I will continue with this soon.

You can reach me at Facebook *(Azrin Info Web) or LinkedIn... for help

Tuesday, November 13, 2018

MARA Study Loan Waiver or Reduction.

I spoke about this before in a few other forums, on How to reduce your MARA Study loan ( Macam Mana Nak kurangkan Pinjaman Mara ) and since I did not monitor my Yahoo email ... because of spam and other reasons, I feel sad for many of them, whom had many issues.

I know, death of loved ones , loss of job etc can be harsh on a person. I suffered the same fate and with many other reasons but that does not mean your debt remains unpaid.

First off, Find out HOW MUCH IS OUTSTANDING.
Go to Mara Website and check on Semak Baki.
It will show you the exact balance.

MARA or Majlis Amanah Rakyat or The Peoples Trust is created to help bumiputera and many more in studies and entrepreneurship. Many however, broke their trust.

If you completed your studies, then you could appeal for a FULL WAIVER if you are a CGPA 3.0 score achiever. However, many especially overseas, barely scrape through due to lack of understanding, poor conditions or just being a student and irresponsible.

Many dropped out half way and it is unfair to pay the university for 4yrs of education when you only attended 2 years. Dropouts due to health issues can be used as an excuse provided proof is available.

OK, back to basics, how you send an appeal.
Are you , able to commit to a monthly payment of RM300 a month? If so, then open a CURRENT ACCOUNT with check book and prepare a year of payment.
If you have money in KWSP, you can ask them to withdraw it to pay off MARA.  You can find the checklist from Unit Kawalan Kredit

So what about you really cannot pay? Unemployed etc?
You need to write in to them and explain your scenario and offer them a resolution. Even RM50 a month is better than nothing at all.

So how did I do it?

First off, I was furthering my education into another field, overseas. Whilst then, I offered to pay them what I could which was RM50 a month since I am still studying. I acknowledge my debt and asked for waiver of any such fees, which they did.
Promptly, I send them post dated cheques for the payment amount which I can offer. They may be a bit pissed off but tell them , that's what you can. Substantiate with evidence such as letter of acceptance, your bank statements and stuff like that.

Trick is, if you pay them properly, even slowly, they are more compelled to grant you waivers or discounts. Recently, MARA boss Annuar said they are giving 50% off... so what else can you do but go grab.. Pay them, Drive Grab etc.
You need to feed your family too right?

Monday, November 12, 2018

New Mission Statement and stand on Modern Slavery

I am a Muslim and it means I submit to the orders of God, the One , The Mighty.
And in doing so, I pay my Zakat or Tithes and it reminds me of the recipients of zakat which one always overlook, Riqab or Freeing of Slaves. In the old days, if one does not pay one's debt, one become MUFLIS (meaning No Fulus / coins) and thus a bankrupt. What happen then is the person or family is sold as slaves till debt is paid.

Though I am not such a devout Muslim, I try not to piss the Boss. Now, in these new era, a slave is one who is not independent, a Bankrupt or Insolvent. One is then trapped in endless vicious cycle of chasing for money to pay off debts. Credit cards are such a trap. And I seen it how it affects if you are a bankrupt.

Every time someone borrows you money, give them leeway to pay. And if one really cannot pay up and if your forgiveness can cause much joy and help the borrower's family, then, it should be such.
There was a movie or phrase of such in Italian "Rimetti a noi i nostri debiti" and it's a meta phrase from Jesus words himself.

If one forgive others, God will forgive you more of your debts.

And as such, we hereby publish our stand on Modern Slavery which is Riba or Usury which is far worse than interest taking.

May God forgive our sins.

Secure or not

So what is this buzz over secured web page et al?
Well, if you have been blogging (not InstaGram etc), you have noticed that your page will no longer be ranked safe if it is not over secure SSL.
SSL or Secure Sockets Layer is that yellow logo with a padlock on your browser but mainly its to tell you that your connection between the server and yourself is safe and secure.

But is it really secure?

Some fanatics will keep on telling you to use a VPN or secure tunnel if you are paranoid and as a service provider, I will honestly tell you, that the ISP has nothing to do with downloading your data surfing online, unless you are after stuff such as terror related ( aka how to make a dirty bomb ) or how big is Amy Yip Bombs are *( read as Porn) , then you will want that. However, ransomware , adware, malware infestation is the biggest bugger and those bad boys usually use a burn PC.

In honest fact, many sell SSL certs for nothing. Comodo (yes the dragon) is one of the cheapest and yet many do not trust. Many prefer GoDaddy, Google, Microsoft or even of the GlobalSign.

Enterprise grade ones work for the not just websites but network communications between servers and clients especially those running SAP which needs RDP (Remote Desktop) connections. Though signed by Microsoft Server (whichever version), keys can be expired or compromised.

For me.. I don't care much. I pay with AndroidPay or a burn card which is tagged to my phone.