A Leading Loan Restructuring Company in Malaysia

If you’re in need of financial assistance, Bluebricks provides loan restructuring services to help. We employ innovative, practical and cost-efficient solutions to restructure your debts, making it easier for you to pay your bills.

A Leading Loan Restructuring Company in Malaysia

If you’re in need of financial assistance, Bluebricks provides loan restructuring services to help. We employ innovative, practical and cost-efficient solutions to restructure your debts, making it easier for you to pay your bills.

Financial Recovery with Debt Restructuring

Debt restructuring is when a creditor grants a concession to the debtor if they are experiencing financial difficulty. This is because if the debtor continues to make late payments, it can hurt their credit score.
Creditors can:
  • Extend the repayment term
  • Reduce the interest rate
  • Reduce the remaining balance
Moreover, debt restructuring is different from debt consolidation. Debt restructuring requires intensive coordination among banks to secure an agreement on the restructuring packages.
On the other hand, debt consolidation can be carried out with just one bank. A debtor can discuss with their preferred bank on how they can help consolidate their outstanding balances into a single account.

Benefits of Loan Restructuring

Suppose you own a private or public business and fall into deep debt. You’re missing your payments, and your credit score is being affected. In this case, loan restructuring can help you get back on track financially.
When you restructure your loans, you can negotiate better payoff amounts with your creditor. By doing so, you can improve your cash flow and overcome your financial difficulties.

Loan Restructuring with Bluebricks

At Bluebricks, we understand that managing your loans can be overwhelming. That is why we offer loan restructuring services to help you rebuild your finances.
The services we offer include:

Loan Restructuring – FAQ

Sometimes when a debtor cannot repay their loan, they will apply for debt restructuring with AKPK or ask their creditor to restructure their loan. For example, the creditor would reduce their payment period. In both methods listed above, the changes made to your loan would be reflected in your CTOS report. However, the AKPK method comes with a lot of restrictions.

Individuals under AKPK’s Debt Management Programme will have limited access to their lines of credit, such as credit cards. What's more, by enrolling in the programme, their credit score would fall to the 'Poor' category, which is between 300 to 528.

Furthermore, as your CTOS report will show your AKPK status, you may find it challenging to apply for loans, even after you have exited the programme.

This is especially so if you are trying to apply for a new loan, within 7 years after completing the debt management programme, from the same bank you had restructured your loan with.

However, if you have a stable income, a low loan margin (80% or lower), or if you can prove your wealth (e.g. fixed deposit, real estate, etc.), banks are more likely to approve your new loan application.

Therefore, we recommend either refinancing or consolidating your debts. You can benefit from lower interest rates, have more cash on hand and have your loan approved and disbursed quickly.
Debt restructuring is used when a borrower is facing so much financial distress that it prevents the timely repayment of a loan.

On the other hand, in debt refinancing, a borrower applies for a new loan that has better terms than the previous one.
Debt restructuring is a good alternative if you are unable to afford your payments. However, it will depend on your overall financial situation and the debt restructuring options that your lender offers.

Consider your other options first, such as debt consolidation or bankruptcy, to determine what is best for you.
Debt restructuring can affect your credit scores. For example, if you file for bankruptcy, it will appear in your credit reports and hurt your credit scores.

Moreover, even if it was your creditor who offered to change your interest rate to lower your monthly payment, your credit scores would still be affected.