Tag Archives: debt management

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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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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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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Getting into financial debt, part 2

What we also knew was that the banks had been calling him up to remind him to make the minimum payment for the credit cards. Unfortunately, in his financial straits, that would be very difficult, if not impossible. Continue reading

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Getting into financial debt

Wow, talking about coincidences. Just two days after I had written my last blog, I received a distress call from a close relative to sit in at his round-table conference to discuss the financial problem affecting one of his brothers. Continue reading

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How about a 6E for card issuers too?

This story appeared in yesterday’s edition of The Star newspaper. It’s very hard-hitting and comes at an appropriate time when credit card debts are causing many people to get into financial difficulties. IT is interesting to note that the National … Continue reading

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