International Journal of Business and Economics Volume 16, No. 1 June, 2017

Factors Affecting Credit Card Debt Payment in Malaysia

Fen Nee Chong

Faculty of Business, Economics and Law, Auckland University of Technology, New Zealand

Abstract

Credit card proliferation could bring adverse consequences to cardholders and financial institutions if the credit risk is not managed prudently. The objective of this study is to identify the factors affecting timely repayment of credit card loan in East Malaysia. Attitude towards credit, dependability, image consciousness and financial planning were found to have a significant impact on timely payment of credit card outstanding balance.

Keywords：credit card debt.

JEL Classifications：D14, D31, G21.

BACK