Urban household credit card debt behaviour in East Malaysia: a conceptual framework

Nur Shahirah Azman and Aminah Shari and Haneffa Muchlis Gazali and Mohamad Azmi Abdullah and Najwa Mohd Khalil (2015) Urban household credit card debt behaviour in East Malaysia: a conceptual framework. In: Persidangan Kebangsaan Ekonomi Malaysia ke-10 (PERKEM 10): Kekayaan Terangkum Teras Pembangunan Lestari, 18–20 September 2015, Melaka Bandaraya Bersejarah.

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Abstract

Society in the modern world nowadays see debt as something normal. Hence, household seems difficult to escape themselves from debt. Credit Counselling and Debt Management Agency (AKPK) recorded from 50,361 cases that enrolled in debt management program, 10.6 percent households could not pay their credit card debt while the remaining had repayment problem with housing loans, car loans and credit cards outstanding (Nie, 2010). The development of credit card facility as a medium of payment to buy goods and services also encourage household to spend beyond their means. Given the increase of cost of living like subsidy restructuring like petrol, increase in tariff electricity and also the implementation of Goods and Services Tax (GST) among the factors which induce the use of credit card to accommodate their cost of living. At the same time, credit card issuer such as financial and nonfinancial also contributed to the increase of household debt by giving easy terms and condition with low interest rate. Therefore the objective of this research is discuss on related literature reviews and follows by the development of conceptual framework that determine urban household credit card debt by integrating psychological factors, bank’s policy factors and socio-demographic factors. Next, this paper also will discuss methodology instrument that will be used for this study.

Item Type:	Conference or Workshop Item (Paper)
Keyword:	Household debt , Attitude , Economic and socio-demographic factors , Bank's policy
Subjects:	H Social Sciences > HG Finance > HG1-9999 Finance > HG3691-3769 Credit. Debt. Loans Including credit institutions, credit instruments, consumer credit, bankruptcy
Department:	FACULTY > Labuan Faculty of International Finance
Depositing User:	SAFRUDIN BIN DARUN -
Date Deposited:	06 Sep 2021 12:38
Last Modified:	06 Sep 2021 12:38
URI:	https://eprints.ums.edu.my/id/eprint/30264

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