KUALA LUMPUR: The number of Malaysians declared bankrupt due to credit card usage is still relatively low, Deputy Finance Minister Datuk Othman Aziz said.
He said as of December last year, only 1,598 or 0.04 per cent users were declared bankrupt due to credit card usage.
The number is still under control and many preventive measures have been taken to ensure those given credit cards have the ability to repay back.
As for those who are having problems in paying their credit card balance, we will help them through agencies such as the Credit Counselling and Debt Management Agency (AKPK), he said.
He said until December, a total of 9.9 million credit cards were issued, involving 8.8 million main cards and 1.1 million supplementary cards.
Th…
Read the full article at: https://www.nst.com.my/business/2018/03/345048/number-bankrupts-due-credit-card-usage-relatively-low
