Agency helps 2,460 people solve debt woes


Article from Malay Mail dated 7 November 2012


CREDIT Counselling and Debt Management Agency (AKPK) has succeeded in assisting 2,460 people in settling RM80.9 million in bank debts, via its credit management programme.


Chief executive officer Koid Swee Lian said, they were among 81,596 people assisted through the programme by restructuring borrowings such as credit card and personal loans.


"The number of cases resolved is an encouraging achievement for us as we have yet to enter our 10th year of operation since AKPK was set up in 2006.


"We act as a 'middle person' between the borrower and the bank concerned," she said.


She was speaking to reporters after a presentation ceremony of AKPK publications to the National Library (PNM) here today.


Also present was former Bernama editor-in-chief Datuk Seri Azman Ujang.


Koid said, many of those under the programme were aged 30 and above, and saddled with unmanageable debts.


As at September, she said, 198,870 people obtained counselling service on financial management from AKPK.


Earlier in her speech, Koid said the AKPK module was a financial management programme based on its book, 'Financial Literacy-Managing Money Wisely', which received recognition from the Malaysian Quality Agency (MQA).


She said the module was offered to institutions of higher learning in the country as an elective subject with one credit hour, or was assimilated into the curriculum.


"To date, 45 such institutions and 30 polytechnics have agreed to accept our offer in the interest of their students," she added.


At the event, PNM deputy director-general Nafisah Ahmad, representing its director-general, Datuk Raslin Abu Bakar, received 8,943 copies of AKPK books from Koid.


The contribution, aimed at creating more financially literate Malaysians, would be distributed to 1,099 libraries nationwide.