Hi guys, as per title. I just understood that if name too clean, difficult for bank to give car/house loan. Kesian baru tau.

Other than credit card, is it personal loan can improve credit score? Any advice?

Different banker gives diff advice.

Thanks!

Build the score.
Or provide more income supporting document.

Any idea how to check? how do i know if my score is ok or not?

you may pay and check your scores at
https://www.ramcreditinfo.com.my/

or

https://ctosid.ctos.com.my/ctosid_new/SimpleRegister?

Any advice which is good, PL or asb loan?

U can check at ctoscredit.com.my

Obviously ASB loan to be safe but depends on how will you use the loan from PL.

ic..
for example, i want buy 100k house in next 6 years (RM500/month), so now i apply 5 years asb loan.

is it asb loan monthly payment need to be around RM500, or it doesnt matter as long as i have credit score when i want to apply housing loan?

Mana tau i need to prove bank that i capable to pay certain amount for monthly payment before i buy the house

a friend of mine,...got no loans records for many years, ( the last loan records was 20 years ago -- fully settled 20 years ago)

he has on credit card record all the while.......

he got a housing loan approved

Thanks for sharing!

i am not aware of any other option than credit card if you want a zero cost option.
and if your income is not strong enough, pledge 5k FD to get a card, 99.99% approve like that.

This post has been edited by lamode: Jul 19 2018, 10:30 AM

Avoid personal loan at all cost.

Thanks for ur advice!
May i know why? Related to ctos?

Take personal loan only if you can make money from it. Otherwise you would be just working for the bank and not get paid.

Continue here bcos dont want hijack asb loan thread.
afaik, bank refer ccris for blacklist n ctos for credit score. Im looking for effective way to create credit score. CC, PL or asb

i c.. back to topic, does personal loan commitment include in ctos?

good that you shifted the post

for me, the effective way to create credit score. CC, PL or asb is
depends on your financial circumstances...
if can qualify and has sustain it...go for ASB loan ......(save, earn while waiting for the score to built up)

else, go for CC.....spend within the mean and repay montly promptly......(you "may" lose annual fees charges, while waiting for the score to built up)

else, go for PL.....spend or use it for other investment and repay promptly monthly.....(you lose on the interest charged by the bank, while waiting for the score to built up)

so hope that is clear......so what do you decide now? which one would you choose that make more sense?

no right or wrong.....only you know yourself better

So i can conclude all these 3 will build my credit score right.
Im more to asb loan or pl instead of cc bcos tak layak
Do u in banking industry?

Btw if u ok, can give opinion for my post #7?

What cc tak layak? Majority cc need RM24k-36k annual salary.

if you are concern about track and score record....go for the 5 yrs plan....
I think, just thinking,.....you can go for more years too...just terminate the loan.

just beware that,....will your new housing loan Debt Service Ratio be affected by this ASB loan?...the bank track that too....

Gaji kecil huhu


I think i can commit max 10 years only.

Before this i never knew clean name is not good, must have credit history. Really appreciate ur replies

If your income meets the min annual income requirement, apply for credit card with NO ANNUAL FEE.

But generally speaking, if you have got no credit score, meaning your CCRIS is blank.

I used to be in your position and was advised to apply credit card to build up CCRIS, my first card was from UOB (usually comes with annual fee, but first 2 years the annual fee is FREE).

Once you got your first credit card, start using for about half a year/ 1 year, and do make sure you make the card repayment on time, then you are free to go.

This post has been edited by a.lifehacks: Jul 19 2018, 12:34 PM