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The market value of the community credit industry in the country was estimated to have reached RM24.8bil last year.<br/><br/>During the pre-launch of the MADANI Credit Awards on Friday (May 24), Housing and Local Government Minister Nga Kor Ming said the industry's market value is expected to continue growing annually, and emphasised its significant role in supporting the economic chain, particularly within the community and micro sectors.<br/><br/>Nga also advised the public to avoid unlicensed moneylenders, known as 'Ah Long,' as they do not protect consumer interests.<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline
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How to Manage , Mounting Nationwide , Credit Card Debt .<br/>According to TransUnion data, the average <br/>credit card debt per borrower in the United States <br/>has increased 8.5% year-over-year, reaching $6,218. .<br/>The added pressure on consumers has made <br/>it even more difficult to pay down their debts. .<br/>Yahoo Finance recently sought expert advice <br/>for insights into how Americans can manage <br/>amid the current levels of credit card debt.<br/>Discover Personal Loans Vice <br/>President Dan Nickele highlights the debt <br/>management benefits of personal loans.<br/>One of the great things <br/>about a personal loan is <br/>that you can check your <br/>rate without impacting your <br/>credit report, so you can <br/>explore your options. , Dan Nickele, Discover Personal Loans <br/>Vice President, via Yahoo Finance.<br/>And I think options are a consumer's <br/>best friend, especially somebody <br/>who's trying to manage their debt. , Dan Nickele, Discover Personal Loans <br/>Vice President, via Yahoo Finance.<br/>So I would encourage somebody <br/>who thinks they might have a savings <br/>opportunity to go out and figure out <br/>what rates they can actually earn, <br/>explore their options for <br/>payments and rates, Dan Nickele, Discover Personal Loans Vice President, via Yahoo Finance.<br/>Yahoo Finance points out that while the pace <br/>of inflation showing signs of moderating, consumers <br/>are still facing increased pressure on their budgets.<br/>At the same time, Bank of America's annual Homebuyer <br/>Insights Report found that 72% of potential homebuyers <br/>are concerned about ongoing rent increases. .<br/>A National Institute on Retirement Security <br/>also found that 79% of Americans expressed<br/>pessimism amid a retirement savings crisis
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