Helping loved ones by taking loans under your own name can backfire. A Malaysian car sales adviser, Mazlina, shared how a customer earning RM7,000 monthly was denied financing for a Perodua Ativa Advance. Checks revealed he owed nearly RM25,000 after buying a Perodua Myvi for his former girlfriend, who stopped paying after their breakup.
Repossession Agents Fail to Recover Vehicle Still With Ex Girlfriend
Despite repossession attempts, the car remained with her, leaving him legally liable. The case highlights the risks of signing loans for others. Mazlina urged boundaries, warning that financial responsibility ultimately falls on the borrower, regardless of promises made during relationships.
Follow us on:
Read More News at #latestmalaysia #BusinessNews and #WorldFuture
