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Factors Affecting Credit Card Debt Payment in Malaysia

Author

Listed:
  • 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.

Suggested Citation

  • Fen Nee Chong, 2017. "Factors Affecting Credit Card Debt Payment in Malaysia," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 16(1), pages 21-30, June.
    • Handle: RePEc:ijb:journl:v:16:y:2017:i:1:p:21-30
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    References listed on IDEAS

    as
    1. Soman, Dilip, 2001. "Effects of Payment Mechanism on Spending Behavior: The Role of Rehearsal and Immediacy of Payments," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 27(4), pages 460-474, March.
    2. O'Guinn, Thomas C & Faber, Ronald J, 1989. "Compulsive Buying: A Phenomenological Exploration," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 16(2), pages 147-157, September.
    3. Shuying Shen & Abdoul G. Sam & Eugene Jones, 2014. "Credit Card Indebtedness and Psychological Well-Being Over Time: Empirical Evidence from a Household Survey," Journal of Consumer Affairs, Wiley Blackwell, vol. 48(3), pages 431-456, October.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Fennee Chong, 2021. "Loan Delinquency: Some Determining Factors," JRFM, MDPI, vol. 14(7), pages 1-7, July.
    2. Amarjit Gill & Harvinder S. Mand & Afshin Amiraslany & Neil Mathur, 2020. "Efficient Working Capital Management and the Cost of Debt," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 19(2), pages 131-149, September.

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    More about this item

    Keywords

    credit card debt;

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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