A debt worth RM2 million was 'collected' from 23 individuals by the Credit Counselling and Debt Management Agency (AKPK), a wholly-owned subsidiary of Bank Negara Malaysia. These 23 individuals are
Those who do not pay off their balance every month often do so because they are addicted to spending. When you don't see the bill until a month later, it is easy to give in to the temptation to make purchases that you cannot afford. When you are only paying off a fraction of the bill every month, it is easy to convince yourself that it is OK to spend more. This addiction can be as difficult to break as almost any other. Like an addiction, the best cure is not to begin in the first place. Read more of this guest post from MR. CC
Each one of us have our own financial fears. This writer shares her fears in this article. Are they similar to yours?
NOT IN EDUCATION, EMPLOYMENT, or TRAINING (NEET). This is the new way of some youngsters living their lives.
AKPK is an agency set up by Bank Negara Malaysia in April 2006 to provide financial counseling and debt management to individuals as well as financial education to help individuals take control of their financial situation and gain peace of mind that comes from the wise use of credit. The best thing about AKPK is that they didn't charge anything for the financial education provided to the public.
Learn the 8 money principles to live by to stay bad debt free. These simple rules will help you to achieve financial stability and most importantly to avoid falling into bad debts.
What is bankruptcy? How and why people become bankrupts? What happens if you become one and how to avoid this trap? Find out more in this article.