More seek assistance from debt management agency


Article from the Malay Mail dated 12 February 2014


THERE was an increase in the number of individuals seeking assistance from Credit Counselling and Debt Management Agency (AKPK) last year, with 248,491 participating in the programme, as compared to 207,997 in 2012.


Minister in the Prime Minister's Department Nancy Shukri said this showed that those with poor money management and bogged down with loans, were more receptive now on the importance of seeking assistance to solve their financial woes.


"It also shows that more people are now aware of the establishment of AKPK," she told reporters after visiting the agency's office yesterday.


She said the government was going all out to create more awareness on the negative impact of bankruptcy, especially among the youths, to ensure reduction in bankruptcy cases nationwide.


Nancy said youths should be exposed to the consequences of taking loans and the inability to repay, adding that those listed as bankrupts should seek help to find ways to sort out the problem.


She said the public should be aware that AKPK services were free of charge as there were cases of individuals impersonating as agents from AKPK and charging service fee. — Bernama