WHAT INFLUENCE CREDIT CARD DEBTS IN YOUNG CONSUMERS IN MALAYSIA

Syed Shah Alam (), Ruzita Abdul Rahim (), Ridhwanul Haq () and Md Atiqur Khan
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Syed Shah Alam: National University of Malaysia, Faculty of Economics and Management, shahalam@ukm.my, Selangor, Malaysia,
Ruzita Abdul Rahim: National University of Malaysia, Faculty of Economics and Management, ruzitar@ukm.my, Selangor, Malaysia,
Ridhwanul Haq: Taylor�s University, ruzitar@ukm.my, mdridhwanul.haq@taylors.edu.my, Selangor, Malaysia,

Journal of Public Administration, Finance and Law, 2014, vol. 6, issue 6, 106-116

Abstract: This paper examines empirically antecedents of the credit card debts in young consumers in Malaysia. We examine whether easy access to credit card, credit card related knowledge, aggressive promotion by credit card industry, low minimum payment requirement and attitude towards credit cards influence credit card debts in the younger generation. Regression model was used to meet the objectives. These findings based on a sample of 240 young credit card holders, show that the factors that affect credit card debts are credit card related knowledge, aggressive promotion by credit card industry and low minimum payment requirements. These findings also provide insights for both bank management and policy-makers to improve the bank performance in terms of credit card debts.

Keywords: credit car; debt; Malaysia (search for similar items in EconPapers)
Date: 2014
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