BFM 89.9
The Business Station
Personal Loans: When To Take It And When Not To
27 mins·09:30, 21 Apr 2022
Personal Loans: When To Take It And When Not To
27 mins
·
09:30, 21 Apr 2022
·
Recommended
Guest: Idham Idris, Director and Licensed Financial Planner, Wealth Vantage Advisory
According to Bank Negara’s recently published 2021 annual report, Malaysian households have nearly 1.38 trillion ringgit worth of debt and a chunk of it are due to personal loans. Sim Wie Boon speaks to Idham Idris of Wealth Vantage Advisory to understand why people take it and get his thoughts on when personal loans are a good idea as well as when they are not. They also discuss the dangers of personal loans and how easy it can lead you into a debt trap. Image credit: Pixabay.com
Presenter: Sim Wie Boon
Producer: Sim Wie Boon
microloanGoPinjamemoneypersonal loansdebtloanmoneypersonal financedangercreditcredit cardsbankcashhire purchasesatisfactiongreed
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