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Published by Afterschool.my on Aug 22, 2013, 04:16 pm
It's a sigh of relief for those who still have outstanding balance in their PTPTN loans. The proposal to include the names of PTPTN defaulters in the Central Credit Reference Information System (CCRIS) has been put on hold.
Putting defaulters in CCRIS may not be the "silver bullet" so government is taking time to look for other solutions.
Publishing the names of defaulters in newspapers or stopping them from the leaving the country which were done in the past failed to persuade debtors to settle their PTPTN loans.
In July, it has been reported that 418,094 people have yet to settle their PTPTN loans worth RM2.8 billion. Financial constraints and unemployment were cited as main impediments in repaying PTPTN loans.