Consumer debt dance

By Samantha Joseph

In this four-part series we shine the spotlight on Malaysia’s household debt ration. We start with asking why we should worry about this and the particular areas of concern. We then take a look at housing loans and vehicle loans, the two sectors that take up the most amount of financing in households. Moving along, KiniBiz looks at how Malaysians fall into the trap of overextending themselves when it comes to personal loans and credit cards. In the final part of our series, we look at the problems resulting from NFBIs’ giving of personal loans and BNM’s efforts to ensure that everyone lives within his or her means.