Debt Counselling in Malaysia
Being in debt is the last thing any Malaysian wants in their list. By the end of June 2019, the household debt in Malaysia reached 82.2%. This was one of…
Being in debt is the last thing any Malaysian wants in their list. By the end of June 2019, the household debt in Malaysia reached 82.2%. This was one of…
Being in debt at some point in life is almost inevitable for most people. Unless you are born with a silver spoon in your mouth, there will be times when…
In Malaysia, most people don't worry about their credit score until it is too late. Reports released by the Bank Negara Malaysia in 2019 have thrown light onto the Malaysian…
The BNM (Bank Negara Malaysia) has reported that more than 3,400 people between the ages of 20 and 30 have sought help and counseling from the Debt Management and Counselling…
Let’s imagine a scenario in which one of your clients has defaulted in payments.Even though you have notified him through multiple emails or letters, you find no response. Finally, you…
When it comes to indebtedness, Malaysian household debt has crossed over RM1 trillion. Reports from the Malaysia Economic Monitor of the World Bank have indicated that about 27 per cent…
If you have been to a bank to apply for a loan to start your business, you might have noticed that before granting you the loan the banker will do…
A winding-up order is used as a last resort when the petitioner has supposedly exhausted all the alternate means to obtain payment. Of course, this is a time consuming and…
The head of IMF Kristalina Georgieva warned that the coronavirus pandemic will turn global economic growth "sharply negative" this year. The coronavirus outbreak is one of the greatest human tragedies…
It is a nightmare for a creditor to know that the company they have financed is being liquidated! Malaysia is a country full of potential. From innovative technology firms, well-developed…