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.
What they say...
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