NGOs slam Ah Long style of banks, financial institutions - My Comments

In response to NGOs slam Ah Long style of banks, financial institutions.

I simply agree.

I have known of instances where debt collection agencies (representing banks) will call up the house's phone at night and they lied that they have called up your handphone previously.

What's worst is that some banks will stop sending you statements so that you forgot to pay the amount due. And it is not the case where you have requested for e-statement.

Credit card debts are very lucrative assets for banking industry because the longer you pay up the debts, the better (for the business).

Bank negara definitely needs to look into this matter more seriously.

And think twice before using credit card.