Debt Collection Must Be Regulated
The country’s household debt is high at 88% of the Gross National Product and with an average debt repayment ratio of around 44% (that means that 44% of the income goes to settling debts) Furthermore, as many as 55 people on average being declared bankrupt every day. That means that many people have been unable or may soon be unable to pay their monthly instalments. With so many Malaysians in...
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