No excuses for bad decisions, says Chong


PETALING JAYA: Bad borrowing decisions cannot be used as an excuse when people fail to fulfil debt obligations in high price purchases, which can lead them to be declared bankrupt, says MCA Public Services and Complaints Department head Datuk Seri Michael Chong.

Chong said that in many cases, those with huge debts would come up with excuses for their bad borrowing decisions which eventually lead to financial problems.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Government , bankrupt before 30

Next In Nation

Campaign tempo expected to pick up as Kinabatangan, Lamag by-elections reach midway point
Reinstate caning as disciplinary measure in schools, says Umno delegate
Police receive report on missing actress Nadia Kesuma in Jeddah
Moderate earthquake hits Seram, Indonesia, no tsunami threat to Malaysia
Mother-daughter killed in motorcycle-car collision near Seremban
Ahmad Zahid, ministers extend Israk Mikraj greetings
PM calls for justice, harmony and humility in commemorating Israk Mikraj
Indonesian narcotics agency busts illegal vape liquid lab, detains two Malaysians
Indonesia's ambassador-designate to Malaysia to assume duties next week
INTERACTIVE: Fraud finfluencers in SC net

Others Also Read