Year: 2011

Cardholders have the right to know that whenever their lost or stolen credit cards are used by others they should (in most cases) not have to pay more than RM250. Yet oftentimes they end up paying much more. This is because Bank Negara has not informed cardholders that they do not have to pay more than RM250 for fraudulent transactions carried out using their lost or stolen cards, when they had...

This Guideline limits the liability of a cardholder to RM250 for unauthorised use of lost or stolen cards under certain conditions. For many cardholders their liability for the unauthorised use of their lost or stolen credit cards should not be more than RM250. Yet they end up paying much more than that because they are unaware of their rights under the Credit Card Guideline (the Guideline). The...

CAP congratulates the Attorney-General Tan Sri Abdul Gani Patail for proposing that the no-fault liability scheme be implemented. Such a scheme is long overdue. We had as far back as the late 1970s and in the early 1990s, called for the introduction of some kind of no-fault motor insurance to benefit consumers. The idea behind no-fault insurance is to get accident victims compensated as quickly...

For the compulsive gambler, gambling is an addiction and when he has a craving for it, nothing else matters.  The gambler is so consumed by his addiction t that he cannot break from it though he knows that he is hurting his family. When his money runs out he takes loans from the Ah Longs to feed his addiction. That is why even when the family has paid thousands of ringgit to get the Ah Longs off...

It is nothing new to read in the papers about a house been splashed with red paint by Ah Longs or a parent tearfully and publicly disowning a son in the hope that the Ah Longs will leave the rest of the family alone. Now and then an Ah Long victim may take his own life as  it is the only way to escape. Case I A farm manager drank weed killer after incurring a RM90,000 gaming loss as a result...

You do not find yourself up to your neck in debts overnight. These things take time. There are signs to watch out for.  If you are experiencing any of the following symptoms below, you’ re over-extending yourself financially. It is time to do something about it.  You consistently postpone paying your bills or pay bills on rotational basis.  You begin to hear from your creditors.  You have...