Car loan takers top bankruptcy list

How serious?

Jabatan Insolvensi Malaysia 2010 reports insolvency due to:

- 24.12% car loan
- 11.78% housing loan
- 5.5% credit card loan

Talking about car loan, yes it is a necessity now days due to bad transportation linkages, but if you can only afford a small car why buy a higher end car?

Read more here about this report.