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A report by Bank Negara Malaysia revealed that Malaysian household debt to gross domestic product ratio had risen to 93% in December 2020 compared to

A report by Bank Negara Malaysia revealed that Malaysian household debt to gross domestic product ratio had risen to 93% in December 2020 compared to 87% in June 2020. The household debt growth was mainly driven by car, housing and personal financing loans.

Discuss THREE (3) negative effects of having too much debt to your life.

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