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KUALA LUMPUR: Credit Counselling and Debt Management Agency does not expect the number of people attending its debt counselling sessions to go up this year following an improvement in 2010.
BANK Negara has announced the establishment of the Credit Counselling and Debt Management (CCDM) agency to undertake credit counselling and loan restructuring for individuals.
While 45,000 have checked out Bank Negara’s credit counselling agency’s house-buying module, 10% have deferred their plan to buy
BENGALURU: For months Lovkesh Joshi was quietly terrified of losing his job as a manager at a top Indian tech services company. Clients were cutting their budgets, prompting his bosses to fire dozens of colleagues. His manager told him not to worry, but it was hard not to when experts were predicting that millions of the country’s IT workers would be eliminated in the coming years. “My head was full of ‘yaar, kya honewalla hai?’” says Joshi, using a Hindi expression that means “what’s going to happen?”
The percentage of young Malaysians facing debt defaults has been reduced to 10 per cent as at April this year from 15.8 per cent in 2009, according to the Credit Counselling and Debt Management Agency (AKPK).
KUALA LUMPUR: The Credit Counselling and Debt Management Agency (Agensi Kaunseling dan Pengurusan Kredit) will start offering specialised solutions to help SMEs (including micro SMEs) to manage their debt and promote sound financial management practices.
PETALING JAYA: Visa has teamed up with the National Credit Counselling and Debt Management Agency or AKPK – a Bank Negara unit – and some banks to raise the level of financial management and literacy in the country, a timely move considering one out of five Malaysians practically have zero savings and the ratio of household debt to gross domestic product is at about 77%.
KUALA LUMPUR: The Credit Counselling and Debt Management Agency (AKPK) has successfully assisted 11,935 individuals to fully settle their debts totalling RM488 million through its debt management programme (DMP) as at Nov 30, 2016.