196,014 get AKPK assistance to solve debt problems

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Article from Malay Mail dated 11 October 2012

 

UP to 68 per cent of the individuals who obtained assistance from the Credit Counselling and Debt Management Agency (AKPK) were those whose monthly income was less than RM3,000, Deputy Finance Minister Datuk Dr Awang Adek Hussin said today.

 

He said 196,014 individuals benefited from the service from AKPK up to August this year.

 

The profile of the individuals showed that 57 per cent of them were under 40, sixty-seven per cent were male, 32 per cent were from the private sector, 48 per cent were self-employed and eight per cent were civil servants, he added.

 

Replying to a question from Datuk Md Sirat Abu (BN-Bukit Katil) in the Dewan Rakyat, Awang Adek said 77,994 people were assisted under the debt management programme whereby they were able to reschedule their loans and avoid being declared bankrupt.

 

"A total of 2,316 were totally successful and exited the programme, their debts paid up totalling RM72.5 million," he said.

 

AKPK, set up by Bank Negara and having started operations in 2006, provides services such as financial management, rescheduling of loans, credit counselling and financial education for loan borrowers and guarantors who have difficulty paying back loans. – Bernama