Two years ago, I was in financial difficulties and defaulted payment for my car and credit card. So I send back my car to the bank and after auction, my debt was settled. Phew...

As for my credit card, I went to see the bank and made a deal with them to repay back my credit card on monthly installment. The period of repayment is 3 years.

This year, I had extra RM so instead of paying regularly, I settled out the remaining balance. That was in March 2008.

Recently I apply for loan from banks, and it was turn down. With a friend's help, I check my record in CCRIS and find out that although the record shows that my debt was settled, it still show me as someone who has bad record in repayment.

I was told that this record will last for a long time.

NOw, how to erase that record? Anyone have any idea how I could do this. To be frank, why I default my payment last time is because at that time I was running my own small business and was cheated big time by my partners. I did try my best to repay back every cent I own by taking up jobs with small salary just to pay for my loan. And no entertainment, no luxury, almost all my salary was spent to pay back.

Now when I settled it out, and earlier that expected, they still black list me. I think this is not fair as I am not the kind of guy who likes to run from responsibility. And further more, I never run when they call me to chase payment, I instead go to them and try to negotiate. But when I settled it out, they black list me.

So anyone, please give some advice on how to get around this. I can't even start new if I continue to be blacklisted like this.

Just go direct to bank negara to ask for advise, alternatively you can also seek help from AKPK (Agensi Kaunseling Dan Pengurusan Kredit) Tel :- 1-800-88-2575. Good luck and do tell us how it goes

check back do u still owned any bank or loan shark money? double confirm 1st

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This post has been edited by zx88: Jan 31 2010, 11:08 AM

You need to get this right :-

1. BNM don't blacklist people. They just collect infos from Banks and provide it to all financiers.
2. Are you sure it is CCRIS? No one can get CCRIS report apart from Bankers.

How to settle it :-

1. Go to nearest BNM, fill up the CCRIS request and get a printed copy FOC for your own clarification.
2. If it is reported in CCRIS, then it is your duty to get it removed from your own Banker. It is what they report to BNM at the first place.

DannyOP

Thanks. Will do that.

zx88

Confirm no more loan. And never loan from loan shark.

eric.tangps

1. BNM don't blacklist people. They just collect infos from Banks and provide it to all financiers.

I was told by my friend that the record shows me in a very bad light.

2. Are you sure it is CCRIS? No one can get CCRIS report apart from Bankers.

Yes, I am sure and the friend who told me this is working in one of the bank for 11 years now.

If it is reported in CCRIS, then it is your duty to get it removed from your own Banker. It is what they report to BNM at the first place.

Answer: That is the problem. What my friend told me is this the bank has forwarded a very bad report about me and the record of that report stays in the system.

Let me put this way, the record does shows that I had already settled out the loan. But at the same time, it also shows a report of what kind of paymaster I am, and with emphasize on that period of time where I cannot pay the loan.

I feel like in the same league of those ex cons, do 20 years behind bars for the crime and when you get out, the record stuck with you. Nobody is interested to know if you are really a change man, or whether you had pay the debt to the society by losing your freedom, or whether behind bars you have shown self improvement.

Instead they will harp on to the fact that you had committed a crime before and the possibility of you are going to repeat it is very high.

I guess that is why most ex cons will go back to their old life.

niexam...do you mind hsaring your past experience when u got cheated by your partners...what he/she/they did to you and how they did it? I am sure it will be a very very good reference to alot of young entrep here. Maybe someone can give you legal advice.

IF you put another way round, actually bank have to scan through thousand of borrowers daily.

The only this they have is the record. Once the record is build, they will refer it as the person whom approve the loan dont want to be in trouble for approving none return loan.

You are at fault for not return the loan.

Whatever happen, it's happen.
Just wrote to your bank request for advise for new loan. that's all.

Your risk profile is bad. Settling all loans doesn't make your risk profile any better.

You may also want to check with CTOS

Well, its a double edge sword... like you say, its a record sent to BNM on whats your credit rating like.. you can affectively change that rating by doing the opposite.. example:- if you manage to get a creditcard... try make your spending via it and pay full every month..
you can never remove you name (untill you die) but you can change your credit rating by doing so.
goodluck

This post has been edited by Sham903n: Nov 30 2008, 10:01 PM

liez,

Not that I dont want to share, but I just dont like to remind myself of that. It hurts and now I just want to get back to my feet again. One at a time.

I have a word of advice for new entrepreneurs, if they are willing to hear a failure like me;

1. try to do it urself first. Not till you r up to ur neck, only then you can look for partners.
2. Please, oh please never take ur long time buddy, or ur best friend for many years as partners. Money have strange powers and it is not worth it to break up relationship build for many years just because of money.
3. If you are looking for partners, please do check their background. Only if you r satisfied that they have a good name and had number of proven success, only then u proceed.

Good luck!

chamelion,

>>You are at fault for not return the loan.

Yes, it is my fault. Not that I deny that.

>>Whatever happen, it's happen.

I know and accept that. My concern now is that if there is a way I can 'clean' up my record.

CanonIxus,

>>Your risk profile is bad. Settling all loans doesn't make your risk profile any better.

Well, in this Boleh Land, I heard that for few thousand of ringgit, you can 'clear' your name with BNM. And with that, although one bank is suing you in court, you can practically apply another loan with other bank without much hassle. Since other bank depends on BNM on the past record, they won't know even if you are defaulting few millions ringgits of loan.

Ironic isnt it? A few thousand of ringgit can settle the record problem while others like me who choose to face the problem, negotiate very hard, work very hard to pay will be black listed for the rest of my life.

In this BolehLand, maybe it is more practical to run away from loan, then work very hard to get money to 'settle' problem with record with BNM.

At times, I do think it is not worth it to be honest.

Sham903n,

>>Well, its a double edge sword..

Being honest, yes, its a double edge sword.

>>example:- if you manage to get a creditcard...

I don't think I will be successful if I try.

>>you can never remove you name (untill you die) but you can change your credit rating by doing so

That is a very good suggestion, a smart one and furthermore does not go against any laws. But like I said, if only I could get one ...

1 & 2. It is wrong and illegal to check CCRIS of other people. So are you sure your friend can access it at the first place as Banks put it in under lock and key.

1. CCRIS is a year long record. If the facility is settled, there will be no report of that facility in CCRIS. If your account is updated and paid promptly for 1 year, your past record will not show it.

2. Instead of relying on your friend, check your own CCRIS FOC with BNM Office. No charges except needed your IC and Driving License. Can make a point to check it every year to know your own status.

With BNM CCRIS, you will know how many facilities you have, your amount owing, and which Bank so-called blacklisted you.

This post has been edited by eric.tangps: Dec 1 2008, 12:26 PM

eric.tangps,

>>1 & 2. It is wrong and illegal to check CCRIS of other people. So are you sure your friend can access it at the first place as Banks put it in under lock and key.

Answer: I don't know about that. Illegal and wrong even if I asked my friend to check on my own record?

That is weird.

As for under lock and key, from my past experience, in Malaysia even if you throw the key away also people can open lah.

Don't ask me how, I just call him up this morning and he confirm to me again its ccris. I dont work in a bank, he does, for more than 10 years.

>>1. CCRIS is a year long record. If the facility is settled, there will be no report of that facility in CCRIS. If your account is updated and paid promptly for 1 year, your past record will not show it.

I think you misunderstood something, the bank threatens to take legal action against me in early 2007. I went to the bank and negotiate monthly payment and both parties agree to a monthly payment for 3 years.

I paid monthly payment without missing a single payment for 1 year plus. I still had another 1 year plus more to go when I got extra money to pay in lump sum. So I went to the bank, request to settle out the account, and when they finally give me the figure, I paid the whole thing.

Does the prompt payment for the agreed monthly payment is shown in CCRIS? The answer is no.

My past record of 2006 and 2007 of the default payment is there, and record when the bank threatens to sue me is also there.

But the record that the bank and me agreed to a 3 year repayment is not there, and missing also is the payment I made promptly for 1 year plus. The only record there is I settle it out in early 2008. All the bad record is there except the good one, it is as if 1 year after bank threaten to sue me, only then I respond by paying in full.

So what about the "1 year prompt payment and record not shown" that you are talking about? They even have my 2006 payment record!

CCRIS only have 12 months "Payment History String" and it goes like this: 3 2 1 1 1 0 ....
3 meant 3 months missed payment, 2 meant 2 months etc...

What your friend told you is your account had been written off i.e. there's a subsection for that.
In that section, your record is there for another 12 months even after you've settled. Your "legal status" would still be recorded if the bank never update CCRIS, i.e. took out the legal status. However, in this section; it wouldn't list down your payment history like I portrayed above. It would only show that you have one facility "written off".

Like eric mentioned; it's best you go pay BNM a visit and get your own CCRIS report and they would educate you on what is there and how to go about it.

more one CCRIS: http://creditbureau.bnm.gov.my/

---

Added on December 1, 2008, 2:11 pmBtw, before I forgot; there is no such thing as black list.

However, it is due to these credit records that is available that banks do their own valuations.
Various banks have their own method of valuations. Usually when one can show sufficient proofs on debts being settled and new source of incomes, banks would re-evaluate.

btw, TS; since you mentioned that the said bank initiated a legal case on you; it's best you check CTOS also: http://www.ctos.com.my/
Send in your settlement letter to get CTOS to remove the records in their database.

This post has been edited by b00n: Dec 1 2008, 02:15 PM

my suggestion bro...

1st.... go to CTOS at megan avenue to get a printout of your record. u can authorize someone to do it but better go yourself. if i remember correctly, no charges.
2nd.... write to BNM and explain to them that you have had some difficulties during the past (specify the period if possible) helps a lot if they want to do some reference check. then explain that you have since settled your dues and as a result of your credit rating, banks are reluctant to extend loan to you. seek their co-operation and assistance in clearing your past credit rating. (they will or will not i'm not sure) then wait for their reply. better still submit your letter in person and get them to acknowledge receive. get the name of the person who attended to you for easy follow up. cases like yours have been highlighted not too long ago in the media, and i'm quite sure BNM will be able to assist.

as far as ccris is concerned, who says only banker can have it? i managed to get mine.... thru a banker la of course u just have to ask

i'm quite optimistic that BNM can help to sort your credit rating thingy. at the worst possible case scenario, you can write to the PM's department. (although i doubt you will have to stretch that far) cheer up dude.... i'm quite positive that you'll get your rating sorted out.

This post has been edited by speed7791: Dec 1 2008, 05:01 PM

if it is "bad debts", i do believe it is under a court case as well as debt recovering companies. so this is what u need to do


1) check with the respective banks on your status, and find out about the law firm particular
2) talk to the respective bank official for the settlement plan,
3) if bank agree, there will withdraw u from the legal suit (usually they will),
4) go to BNM (Credit Bureau) to clarify your credit status,
5) once u pay off all old debts, ur credit status/rating will back to normal BUT with "defaulted" status.

lastly, put in some FD (if u r financial stable) and later apply for a credit card. make sure u r a good paymaster this time.

within 3 years (usually), u can start applying for higher loan, i.e. car, house, etc.

good luck!

What he mention is good. Everyone also want to be rich, but rich is not an easy way. Now is not really a good time for you to start a business. Bank forward the list is to avoid the person repeat the same mistake in the future.

It is better that you now start work hard, keep money. Open an FD account. Make sure every month mature date you are able to add more saving into FD. Then you can start apply for credit card. Altough it might be hard but example, if you had FD in CIMB, and you apply for CIMB credit card, it won't be a problem. Then pay on time, no debt.

In couple of years, you can try start applying for loan for business.

Nothing you can do but check it out yourself.

1. Go to BNM and get the report to confirm it yourself.
The report will show what facility / Banks that you owe and possible who supposedly 'blacklist' you.
After which you can go to the source / Bank to find out and negotiate (if you still owe them).

Alas, that is all what you can do. Nothing more.

Good luck.

gac,

Already settled out all loans.

PeeNut,

Thanks for the advice. I can't even get a car loan to buy a viva, so have to stick to my motorbike rain or shine though my salary currently is very much enough to buy a bigger car.

Basically what I wanted to do is to apply for car loan and probably housing loan.

And no, I don't intent to apply for business loan at the moment.

speed7791,

Interesting suggestion. Would BNM entertain this cases? And have anyone succeeded in rectifying matters by sending explanation letters to BNM? However, will give it a try.

eric.tangps,

Have you heard of any 'david copperfield' who can make ur record dissapear?

Heard it has been done before.

Like I mentioned earlier, if you're sure that you have cleared everything with the bank and had received your "settlement letter" (you can insist on it if they didn't provide); than you can go and apply for your loan.
Just inform the sales guys you have previous bad record but all had been settled and also give him a copy of your settlement letter for him/her to bring in a stronger case for approval.

Like mention also, various banks had their own internal evaluation process. Some might let you off since you've settled your debts; some stricter one would still bar you (mostly oversea banks).

And btw, there is no such thing as a David Copperfield act in regards to CCRIS.
CCRIS is a central depository in BNM where all the banks submits their customers accounts to it. So even if you have contacts in BNM, it's not possible for that contact to delete off your record as the record is updated monthly by banks. So if seriously you want a David Copperfield act, it's for the said bank not to report your account which again meaning to say delete off your records in their own system. However it's near impossible because of strong reconciliation and auditing in banks.

All I can say is good luck!

CCRIS very kepoh 1 la ... that company should be taken down by micheal scofield .. LOL ..

last time mahathir macam got talk about CCRIS , why reveal ppl privacy and smth smth .. nowadays kepoh also can earn money weih

Funny thing about life is that once you're a bankrupt, life becomes very difficult even if you've paid it all. Can't get a loan, can't get a job. It's like being a criminal. It's like bankruptcy is a crime

bOOn,

I got the settlement/release letter from Bank. Submit the copy of it to all banks that I apply (and that includes the local banks!) and all was turn down!

Ask for friend's assistance to check CCRIS, and confirm, that is the only record that is still on CCRIS. It shows full settlement has been made but the 'way' it it presented is showing me in a bad light.

Nevertheless, I am applying for the record myself. Have to see it with my own eyes.

As for 'David Copperfield', I heard from not one but few sources that this act can be perform. It has been done by people with connections, who faces lawsuit by banks and still wanted to make more loans from other banks.

As for your statement "However it's near impossible because of strong reconciliation and auditing in banks...", this is my comment; Malaysia Boleh ma!

sheahann,

I think you are refering to CTOS. I don't know about my CTOS report (don't want to know at this moment), but sooner or later if I find out they give a bad credit report on me, I will sue them upside down.

I've posted also on CTOS if you care to read. And I doubt that you would be able to sue CTOS as all the previous legal action against them fail apart. Also, they are giving out free checks and removal if proofs is provided. Eventually you need to check CTOS and BRIS too as they have kept your legal noticed published against you if any. So you would still have the possibility of banks rejecting you even after you clear your CCRIS matter.

Anyway, bring all your settlement letter to BNM and check your CCRIS as advised. They would advise you on what is the next course of actions. So if it's the fault of the bank for not updating the CCRIS report properly; than you have a strong case to take action against them.

And I wouldn't want to comment further on so called David Copperfield as it is unethical and unallowed in LYN.

i think u meant CTOS is kepoh not CCRIS coz CCRIS is from Bank Negara

---

Added on December 10, 2008, 12:00 ami think nobody can check your CCRIS except for yourself. Your friend if he is an bank officer did the checking for you, I think he also violating the rules because you are not his customer and he may or may not the processing officer, how can he check for you. Walk in to Bank Negara and just pass your IC, they will give you a report and explain to you your status.

It doesnt mean you have a clear record now, bank till approve your loan. there's still many things to value.

1. Walk in to BNM to check your CCRIS
2. Walk in to CTOS to check your status

you will know your status. You may have legal record that is not erased even though you have settle it. who knows, check and correct it.

This post has been edited by eviljonz: Dec 10 2008, 12:02 AM

If he is very keen to know, should check CCRIS with BNM. Nothing much can be said.

BTW approval of your financing is not based solely on CCRIS merit but the most important is the ability to service all your obligation (present and future).

u said u send back your car to bank ? means kena tarik you the bank arrange it ? i wanna sell my car but market is lower than loan amount, please advise

You can't. That's why I say, make one mistake, and your life is over. CTOS does not create reports, they just list the facts, that you defaulted, and you have repaid. When I was in the CC dept of a bank, we used to routinely decline anyone who turned up in the database. Doesn't matter who or why or what, as long as you're there you got no loans. If you apply for a job, some will ask you whether you have ever defaulted, whether you have ever been a bankrupt. If you have they won't hire you.

It's the same with criminals. If you have a criminal record, you will not get hired. If you get arrested for petty theft or trespassing or whatever when you're young and don't know any better, your entire life is shot.

This post has been edited by wodenus: Jun 3 2010, 03:17 PM

---

Added on August 13, 2010, 11:41 amBankers always think the bank is belonging to them..please differentiate between criminal and financial commitment. You can't compare between criminal record and integrity or attitude record of the person. Bankers always refer to CCRIS and CTOS as their main reference to access financial capability of their potential customers. For example, 5 years back the customer only hold an executive post with salary of RM2500, and now he is the manager with the salary of RM5000 but problem with Credit Card. Banks should consider the financial capability based on income and not the previous income. Seldom bank officers did this. They only refer to CTOS and CCRIS and work like 'ROBOT' with Standard Operating Procedures and documents. No judgment and discretion at all. Good example i would say, if the new car loan marked up till 100%, and the submission of documentation from dealers are fakes, the bankers always refer to document, document, document..even the documents are fakes! no physical checking to the car whether the model or variant is similiar with the car invoice! I would say, bankers need to do paradigm shift in providing loan to customers. The government of Malaysia has awarded a Bank license to give and offer financial services to customer. Without customer, Bank will never survive. Please bankers..you work for the bank and the shareholder..please help people who really need assistance from you. Don't punish them with the bad record and don't compare criminal record and financial capability, that is totally WRONG!


This post has been edited by mbr193: Aug 13 2010, 11:41 AM

hello i get blacklist from bank because of car loans, right now only have 4k to clear my debt with bank islam, when i check in BNN and print my CCRIS report i see no debt i have with any bank, my report is clean so can i apply loan now or have to wait for settlement letter after that can apply for loan, need advice from you guys.thanks

hmm but the bankruptcy status can be remove once all debt is settled rite? after attend court and so on...coz my uncle is in the process of attending courts...to clear his bankruptcy status.

http://creditbureau.bnm.gov.my/index.php?ch=8&pg=20&ac=82
read this q&a provided by BNM

hey men ...

Im not sure if some of the followings has been discussed or posted here ..

apart from having the reports on your CCRIS and CTOS .. you should have the full settlement letter from the bank that you've owe the money ..

last time im having problem with my credit card .. the moment ive full settle the debt .. im asking them to sent me the full settlement letter as a prove record for my potential bank in case i want to proceed for any loan..

so far i dont have problem for my loan even i have a very bad record in the past ...... all comes with a prove that i have settled everythings with my previous bank ...

hope this wud help u buddy

@akisendro

May I know how long "cooling period" for you to get new loan again ? Do your name appear in CTOS or only CCRIS ?
I have the same problem. Settled all the outstanding loan in Jan 2011 and received my settlement letterand update the status in CTOS. Now in the midst of applying new loan. Wondering whether can approve or not ? already attached the settlement letter with the new application.

what wodenus said is, once your record is there, even if you had clear all your debts and your debt status in CCRIS is "clear", you still have a record there mentioning your pass debt history.

similar to a criminal, for criminals, their "debt" is their jail serving time, once they clear up their "debt" which is their jail term, they were release from the jail (settle their debt - clear status in CCRIS), but still, they have a record as "used to be" a criminal. and it will be very hard for them to get a job.

now change the concept to bank black list/bankruptcy, (crime - cant pay back loan), (jail term -your debt that need to be clear) (jail - CCRIS) (job- bank loan) (criminal - YOU! the bad borrower)

and you get the idea.

This post has been edited by ah_suknat: Mar 15 2011, 09:11 AM

thats why we have ahlong who can help lo..

wa boleh tolong sama lu ma..

interested can call with low interest.

all legal. no kill and kick your ass.
haha.

for me find the good ah long better than bank. haha

welcome to the real life dude~~~

CRISS, CTOS or whatever, there's 3 of them last time. One was listed as illegal but still operating as our banks are very very 'kiasu' kind of banks. The moment they smell a risk factor, all loans are off! If you have another car instalments or your house instalments is outstanding, whatever loan you are applying now if off. In Malaysia, our financial credit is FOREVER. Once a theif always a theif, that's our banks policy. No such thing as turning over a new leaf or not. GOD forgives but our banks NEVER.

In 1997 during the financial crisis, my business was in trouble. My car was reposses twice and by the third time, I gave up the car. The car was kept 18 months before it was auctioned off. They auctioned if off for 23K when the outstanding loan was 45K. This is done without my knowledge. A year after the repossesion, I went to the finance company to negotiate for the car's release. I said to let me continue paying for the car and skip the duration of the time the car was in holding. What I meant was, I will pay the 4 months outstanding when it was reposses and all the interest accrued during the holding period. The manager was adamant that I pay all outstanding plus interest plus storage charges. So, I failed to renegotiate because the manager was not interested in helping out. 6 months later, I saw the car on the road again. I checked with the finance and found that it has been auctioned and I was left responsible with the balance!

Two years later, I was summoned to the magistrate and I admitted I owed them and willing to pay RM200 a month. Those days there were no AKPK to start with, it was after too many like me was turning out that they started AKPK. The lawyer was not even authorised to accept or decline my offer. The matter is left standing as it is. Then the amount balloned to almost 100K now. I was waiting for them to declare me a bankrupt but it never came. I have this agencies calling now and then threatening to seal my house and auction off everything in the house. Either that or try paying again. Not to a bank but to an office! I told them to go ahead. I am probably a bankrupt now, who cares anyway, I tried my best.

In the US, the statute of limitations is 5 years, meaning all records unsolved will be erased after 5 years and you are a new man, a second chance. In Australia, 7 years and I am sure in other countries, there's a limit. Malaysia forever.

So, you should be careful dealing with banks, they are shrewd and without mercy. Our banks are the most unprofessional banks compared to normal banking and it is all santioned by our Central Bank that do not stay neutral. They support the local banks more rather than holding them in line. Look at our insurance companies, they are the same. Look at also our private hospitals. Spend wisely and think hard before defaulting. Better still don't take the loan! My life is turned upside down for the past decade but going along well. People just need to adapt. You know, it's ironic that people who loaned millions are never taken to task but those who owes 20K or 30K are always left in the gutters.

This post has been edited by etigge: Mar 15 2011, 11:17 AM

Irony isn't it. That how Malaysia is.

There goes a saying in my office board: If you owe the bank RM 100, that is your problem. If you owe the bank RM 100 million, that is the bank's problem.

Same goes to Ting Pek King, owe the bank RM 60million and so what? Still going around like no man business even being sue bankrupt.

In Malaysia, banker will only lend money to those who don't need loans.
Those who really need loans will never get it...

hahaha what a nice way to sums it up

I can attest to that! My former boss, very particular with numbers. His bank statement must be the exact amount and he will query the bank even if statements is short of 10 cents. He is off course, loaded. The bank manager is always with him and every branch has a quotas to loan out. Then again, he is also responsible if the screening officers are wrong. This manager, to play safe, plays everything by the book and any doubts, he will dissaprove the loan. Almost year ending, he hasn't fullfill the quota and kept begging my former boss to take a loan of all that is not loaned out. 1.3 million. My boss kept refusing. He still has to pay interest and he don't need cash. That's how our 'kiasu' banks work.

didnt know that every bank branch has this thing so called loan quotas, not the max quota to lend out, but min quota to give out o.O learn something today.

very good sharing.
well, to whom we need to refer to? they will say is your faulth. so how?

what can we do?

any solution?

for me right... what i will do it to f*** the bank. i will f*** all the banker and i dont care he or she is a manager or CEO if i got chance. i even make the credit card or mortgages, financial sales person beg me like dog. i will get as much as many benefit from bank then i closed and cancel all the account, loan and whatsoever with them.

start boikot la. like what opposition did in election.

spread and let those who do not know what is our right, and someone from country management will start to look into the matter. its not fair at all when the record is forever there. this is shit!!

my advice dont borrow money or loan from bank. they call our mobile phone, we sue them. serious.. this is what singaporean did. fyi, i work in bank before and at least i know the operation. the bank try to make u sign agreement and if something happen no one will care.

my experience is try to catch as many mistake they had and screw them back.

so who wanna start to issue this problem? start do something. call YB also can.. Tan sri also can.

if they are not able to settle this.. dont vote them la.

i tell u guy.. we must learn from YB LIm guan eng..

He slept in jail before and now he is very clean. why dont we learn from him. everyone respect him. we need to make sure bank and banker respect us.. but for me.. better respect me like a dog, because u want my money (interest)!!

easy boh?

Last time ... i have to wait for about 2 - 3 months after ive full settled the payment with the banks .... before I went for any loan applications, I've went to CTOS and CCRIS for checking up my record.

and since I've full paid the remaining loan, the black-listed loan is not appear on my CCRIS record ... but sumtimes, the bank is very late to update their record which I believe they will have a direct update to a CCRIS systems (and CTOS maybe) ...

When submitting my loan, ive given the officer together with a full settlement letter and my CCRIS record in case my application is rejected. But with supporting document I'd gave, i'm getting the housing + car loan that I've applied.. even the car loan was rejected at the 1st try.. but after re-negotiate with the officer, i manage to secure it....

nothing to be worried then, once all your record on those systems are cleared. I believe you should not have any problem then. Unless your current monthly commitment is more than 3/4 of your fixed salary.... hope this wud help you ...

p/s : bank needs business .. sumtimes they will lowered their risk profiling on their customer in order to get more sales ...... but im no banker .. maybe the real officer here can shed some light about this....

Thanks. first bad news came yesterday...PBB rejected my loan. now trying for other bank. i have no other commitment now. no cc, no hp, no pl. i will try again.

FYI ... PBB is one of the most strictest bank to apply the loan .. hmm ..

depend on your loan .. what kind of loan that r u looking for ? is it a car loan ? or housing loan ......

If its for housing loan ... for me UOB is offering the best goodies on their home loan package .... automatically u can get 70% of OD from your approved loan ...

but .. if you dont really have plan to use the money ... better leave it on the bank .........

for car .... maybe you can try EON bank ....... hmmm just my 2sense.. maybe other taiko or those who really know about banking sector can comment on this .....

cheers buddy

My CCRIS report is clean. I got 2 housing loan which both showed 000000000000 .....

I applied for HP January from Tiger Bank, got approved ... I applied for CC from OCBC .. got approved....

My annual income more than 90k .. but don't know why Tiger Bank rejected my CC appl...

applying for housing loan...
now trying my luck in other bank...rhb, ocbc, ambank (the bank i owed previously) and ...... anymore suggestion ?

pls use the pinned topic.