Category Archives: Credit card

Over the edge

I had just received a telephone call from one of the local banks’ call centres about 15 minutes ago. Even as I identified myself to them, I already knew that the caller was going to offer me one of two … Continue reading

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Credit card liability: ABM’s affirmation statement

In case anyone’s concerned whether the newspaper report on the limit of credit card liability in case of a fraudulent use can be believed, here is a press statement that appeared on the website of the Association of Banks in … Continue reading

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Credit card loss: what’s your liability?

I know that it is an old story but since I haven’t posted it on the blog yet, this is as good a time to do so! The issue is the loss of a credit card and the subsequent fraudulent … Continue reading

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SMS alerts for credit card usage

This is a positive development in improving the security of credit card usage in Malaysia but it’s still a lot away from implementation: Bank Negara Malaysia will implement SMS alerts for credit card transactions by Jan 1, 2012, in a … Continue reading

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Malaysia’s new credit card rules

Finally, I see some initiatives taken by Bank Negara Malaysia (BNM) to address credit card debt in Malaysia and rein in the commercial banks which have contributed much to cardholders’ financial misery! But personally, I feel that the steps are … Continue reading

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Getting into financial debt, part 6

It’s been slightly more than two months since this little drama unfolded. It has also been a month since Chin Ho began on his debt restructuring programme. I hear that he has wholeheartedly embrace this programme. The better news is … Continue reading

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Getting into financial debt, part 5

On the day that he was supposed to see the AKPK representative we arrived at the Bank Negara Malaysia building about an hour earlier. Straight we went to the second floor after the normal screening by the armed guards. And pretty soon, we emerged with the CCRIS report. Continue reading

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Getting into financial debt, part 4

For the first time, I realised that there are a lot of people, not only in Penang but around the country, who are in some sort of financial mess. Continue reading

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AKPK Malaysia

The Counselling and Debt Management Agency (Agensi Kaunseling Dan Pengurusan Kredit, AKPK) is a subsidiary of Bank Negara Malaysia which was set up in April 2006. Though its functions also include providing financial education and financial counselling to individuals, the … Continue reading

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Getting into financial debt, part 3

One of the banks suggested that he should see the Counselling and Debt Management Agency (Agensi kaunseling dan Pengurusan Kredit, AKPK) set up by Bank Negara Malaysia to tackle this very problem. Continue reading

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