Blacklisted By CTOS, Rejected By Bank, Looking for personal loan....
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 Apr 19 2008, 02:03 AM
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Junior Member
411 posts Joined: Apr 2007  
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QUOTE(Darkmage12 @ Apr 18 2008, 04:54 PM) use cash advance? If it was so simple I'd just say "Cash Advance" lol. No, it's not that. I wouldn't recommend CA cos it's quite expensive. What I have is cheaper and completely legal. |
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Apr 19 2008, 02:17 AM
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VIP
9,137 posts Joined: Jun 2007 From: Wouldn't be around much, pls PM other mods.
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QUOTE(gregy @ Apr 19 2008, 02:03 AM) If it was so simple I'd just say "Cash Advance" lol. No, it's not that. I wouldn't recommend CA cos it's quite expensive. What I have is cheaper and completely legal. Let me guess, they go to you and you or the company you work for would issue cash. Than the "swipe", you guys would swipe it as "retail" swipe and convert it into either installment plan with interest or interest free.Btw, how does the company report the "services" they offer to the acquiring bank when the apply for the merchant terminal. p/s: Banks are starting to act on it by terminating this sort of merchant service. It's not fraud but it's violating the T&C. Hope your company doesn't get investigate though........  |
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Apr 19 2008, 02:24 AM
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Junior Member
411 posts Joined: Apr 2007
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QUOTE(b00n @ Apr 19 2008, 02:17 AM) Let me guess, they go to you and you or the company you work for would issue cash. Than the "swipe", you guys would swipe it as "retail" swipe and convert it into either installment plan with interest or interest free. Wah, I wish I had a company like dat lo, got so much ready cash to offset ppl's loans haha! But come to think about it, what you described sounds a bit like how banks fish each others' clients by offering balance transfers, only in this case, the merchants "fish" clients and give it back to the issuing banks. Go figure. Btw there's no such thing as interest free wan, whether balance transfer or easy payment plans. Btw, how does the company report the "services" they offer to the acquiring bank when the apply for the merchant terminal. p/s: Banks are starting to act on it by terminating this sort of merchant service. It's not fraud but it's violating the T&C. Hope your company doesn't get investigate though........ Don't believe me, next time you apply for easy payment see if you can get the same item cheaper if you paid cash  This post has been edited by gregy: Apr 19 2008, 02:28 AM |
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Jun 19 2009, 01:45 AM
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Junior Member
257 posts Joined: Sep 2008 From: Pussy Land 
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re financing is better. it is the lowest interest rate among all the personal loan, cash advance or credit transfer. pls remind tat, bank is the worst blood sucker. if u really need money, try to look outside the ring. dun depend on the bank.
i hate dealing with bank personally. if u got some repo.... try set up a main kutu. i use it to settle my finance problems. |
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Jun 19 2009, 12:47 PM
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Junior Member
347 posts Joined: Aug 2005 From: [ Tokyo/Kel/K.L. ] 
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QUOTE(limengseng @ Jun 19 2009, 03:45 AM) re financing is better. it is the lowest interest rate among all the personal loan, cash advance or credit transfer. pls remind tat, bank is the worst blood sucker. if u really need money, try to look outside the ring. dun depend on the bank. Yeah, but dont dare to try with 'ah long' lol..at 1st yeah you can later arrr...huh scary cat lol! i hate dealing with bank personally. if u got some repo.... try set up a main kutu. i use it to settle my finance problems.  |
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Dec 10 2009, 11:37 AM
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Junior Member
123 posts Joined: Nov 2007 From: Bukit Jalil
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QUOTE(jameslee_84 @ Apr 15 2008, 01:03 AM) Well, I applied for a Standard Chartered Personal Loan with my existing car loan from EON Bank (secured with my parents as guarantor) and I got rejected because of my CTOS status (trying to clarify the reason officially). I have been paying my car loan steadily every month as I have my statement as proof but I still got rejected because of CTOS. The only reason I can think of is because I defaulted my motorcycle bought when I was age 19 in university. That time I paid only about half of it before I defaulted. I assume the amount now should not be a lot too as the bike then was about RM2000 only. If I can get this personal loan of RM10000 approved I'd definitely clear off my CTOS status. how do you get your car loan approved in the first place?But I need help as is there any other way I can secure this loan without looking at my CTOS? I have some friends telling me since I was a constant and good payer with EON Bank there are certain ways I can get it approved. Anyone can help? |
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Oct 13 2010, 12:20 PM
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Junior Member
159 posts Joined: Jan 2003 From: Kuala Lumpur 
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stay away from personal loan as far as you can
you'll regret it |
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Oct 13 2010, 03:48 PM
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Junior Member
224 posts Joined: Mar 2010
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this thread is 2 years old thread..I think TS already found his own way out .....
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Oct 13 2010, 06:06 PM
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Junior Member
140 posts Joined: Oct 2010
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Bank Rakyat is another option
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Oct 14 2010, 01:23 AM
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Junior Member
287 posts Joined: Jun 2007 From: AmPuNk
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QUOTE(Potatojii @ Oct 13 2010, 06:06 PM) Bank Rakyat is another option if ur company got potongan gaji with them only. Outsiders not allowed.I've tried many times alrdy... |
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