TAG
DEBT
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Stories | 05 October 2024YOLO & FOMO Culture Allegedly Drives 53,000 Young Malaysians into RM1.9 Billion Debt
The FOMO (fear of missing out) and YOLO (you only live once) cultures are reportedly contributing to the rising debt burden among Malaysian youth, starting as early as age 20.
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Stories | 30 August 2024Malaysian Government Worker Regrets Taking Personal Loans, Now Burdened with RM200K Debt
In a recent post on the Muflis Bankrupt Facebook page, an anonymous man (let’s call him Amirul) shared his story about how his financial situation spiraled out of control, highlighting the dangers of easy access to loans.
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Stories | 30 June 2024Malaysian Woman Trusts Boyfriend and Takes Out Loan for Him, Ends Up RM600k in Debt to Loan Sharks and Other Creditors
A woman found herself in debt up to RM600,000 after trusting her boyfriend and taking out various loans, including from seven loan sharks.
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Stories | 16 June 202430-Year-Old Malaysian Earning RM4K Monthly Accumulates RM90K Debt Using Six Credit Cards
A credit card can be an excellent financial tool if used correctly and debts are paid on time, without resorting to minimum payments.
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Stories | 06 April 2024Malaysian Man Seeks RM8.5K Loan from Friend to Assist in Clearing 6-Month Debt on Toyota Alphard
In today's age of social media, flaunting wealth has become commonplace. However, a recent viral story serves as a poignant reminder of the perils of living beyond our means.
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Stories | 13 January 202424-Year-Old Seeks Loan from Ah Long to Settle Unpaid Rent, Ends Up RM32K In Debt to 16 Different Loan Sharks
Challenging times often lead individuals to resort to extreme measures due to desperation. An old video depicting a 24-year-old woman trapped in a web of debt has resurfaced on X.
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