BFM Podcast

Loan Sharks Prey On Businesses

Tan KW
Publish date: Sat, 18 Sep 2021, 08:16 AM
Loan Sharks Prey On Businesses

17-Sep-21 18:00

Datuk Nadzim Johan, Chief Activist, Malaysian Muslim Consumers' Association | Khaw Veon Szu, Lawyer | Linnet Lee, CEO, Financial Planning Association of Malaysia (FPAM)

Covid-stricken businesses have led owners to deal with loan sharks for assistance as their debts pile up, ultimately running out of capital. First, we find out more about this issue and how prevalent it is. Then, we talk about the laws that govern moneylending and what else we need. Finally, we get advice for how to handle and manage debt and loans.

Image Source: Zai Di, Shutterstock

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