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CCRIS, CTOS, Blacklisted by Bank, Whats The different.
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kepongA
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 Jun 24 2015, 02:21 AM
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Getting Started
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QUOTE(Secruoser @ Jun 23 2015, 02:14 PM) I had a joint home loan and purchase with my mum and she is the one who's paying the installments all the while. However, sometimes she paid the installments late and now it has affected my CCRIS as I wanted to buy my own property. The balance left less than 5k so if I paid it off at once, will my CCRIS improve or still be affected? I need 90% loan for the property I'm buying now. Ask the bank to update your Ccris record with bnm now. Otherwise have to wait until July 11th. |
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Secruoser
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Jun 24 2015, 03:15 PM
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QUOTE(kepongA @ Jun 24 2015, 02:21 AM) Ask the bank to update your Ccris record with bnm now. Otherwise have to wait until July 11th. In CCRIS website it says the latest information is updated every 15th, now changed to 11th? Anyway, the loan agent said if I settle the outstanding for the first property, then should be no problem. |
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ims2628
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Jun 24 2015, 04:51 PM
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QUOTE(Secruoser @ Jun 24 2015, 03:15 PM) In CCRIS website it says the latest information is updated every 15th, now changed to 11th? Anyway, the loan agent said if I settle the outstanding for the first property, then should be no problem. Yes should be no problem  |
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kepongA
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Jun 25 2015, 07:13 AM
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Getting Started
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QUOTE(Secruoser @ Jun 24 2015, 03:15 PM) In CCRIS website it says the latest information is updated every 15th, now changed to 11th? Anyway, the loan agent said if I settle the outstanding for the first property, then should be no problem. This had been the case since 2013 if not mistaken. |
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marvin_teow
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Jun 30 2015, 02:17 PM
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Getting Started
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QUOTE(pchan84 @ Jun 29 2015, 03:40 PM) I got a question, if my fren and his wife own a house, but my fren declared bankrupt, will the house get lelong? I asked few ppl, but a lawyer said wont force sell because as long the wife is not bankrupt, the house are not subjected to sell. Anyone got proper info on this? I have received many different info on this. is your fren got any other properties? insolvency department will reserved the right to the bankcrupt person for minimum 1 unit of property. So, if your fren only hold that unit, Insolvency Department will not take action to force him for sale his unit. |
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ims2628
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Jun 30 2015, 06:49 PM
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QUOTE(pchan84 @ Jun 29 2015, 02:40 PM) I got a question, if my fren and his wife own a house, but my fren declared bankrupt, will the house get lelong? I asked few ppl, but a lawyer said wont force sell because as long the wife is not bankrupt, the house are not subjected to sell. Anyone got proper info on this? I have received many different info on this. because one of the owner is declare bankrupt so this house unable to transfer name, so can't sell |
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marvin_teow
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Jul 1 2015, 10:30 AM
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Getting Started
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QUOTE(pchan84 @ Jun 30 2015, 03:31 PM) Yea, as far as i know, onli one property is under his name then he no need too worry, but of course that house he is staying cannot be simply sale too.  |
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Johore
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Jul 1 2015, 02:48 PM
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Getting Started
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if someone have issue with his/her car monthly payment & declared bankrupt by bank..is this affected his/her property?assuming his/her joint name with others on those property what will be happen to his/her partner?
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ims2628
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Jul 1 2015, 03:31 PM
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QUOTE(Johore @ Jul 1 2015, 02:48 PM) if someone have issue with his/her car monthly payment & declared bankrupt by bank..is this affected his/her property?assuming his/her joint name with others on those property what will be happen to his/her partner? Yes will affect all his asset, even joint name |
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Johore
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Jul 1 2015, 03:50 PM
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Getting Started
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QUOTE(ims2628 @ Jul 1 2015, 03:31 PM) Yes will affect all his asset, even joint name i tot car loan n property different story...so whoever bankrupt ppl will get other ppl (joint) into problem also..  |
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ims2628
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Jul 1 2015, 04:21 PM
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QUOTE(Johore @ Jul 1 2015, 03:50 PM) i tot car loan n property different story...so whoever bankrupt ppl will get other ppl (joint) into problem also.. Yes bankrupt is link to cctos |
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kepongA
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Jul 1 2015, 11:04 PM
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Getting Started
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QUOTE(ims2628 @ Jul 1 2015, 04:21 PM) Yes bankrupt is link to cctos Thought bankruptcy is linked to JIM. CTOS is just a private company providing bankruptcy results from JIM. |
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ims2628
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Jul 1 2015, 11:42 PM
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QUOTE(kepongA @ Jul 1 2015, 11:04 PM) Thought bankruptcy is linked to JIM. CTOS is just a private company providing bankruptcy results from JIM. Sorry to confuse ya. Bank will check customer ccris cctos report for loan application, so they will judge bankruptcy result from cctos report. This post has been edited by ims2628: Jul 1 2015, 11:42 PM |
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warningo0o
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Jul 8 2015, 06:42 PM
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Getting Started
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i have a question to ask...i facing a problem with application Credit Card on the moment..i do have 2 housing loan with pretty payment every month..my question is why i apply CC with different bank mostly they will reject my application?? isit b'cos of CTOS not clean enough....5 years ago i almost get in to bankruptcy but at last i have settle all my debt to the bank...last year i still manage to get housing loan just curious is the CTOS system haven clear out my name....
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Jasoncat
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Jul 8 2015, 11:28 PM
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QUOTE(warningo0o @ Jul 8 2015, 06:42 PM) i have a question to ask...i facing a problem with application Credit Card on the moment..i do have 2 housing loan with pretty payment every month..my question is why i apply CC with different bank mostly they will reject my application?? isit b'cos of CTOS not clean enough....5 years ago i almost get in to bankruptcy but at last i have settle all my debt to the bank...last year i still manage to get housing loan just curious is the CTOS system haven clear out my name.... If it's CTOS issue, you likely won't get your loan approved last year. Possibly your debt serving capability is weak by measures of DSR, hence rejection of your credit card application. |
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warningo0o
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Jul 9 2015, 09:01 AM
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Getting Started
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QUOTE(Jasoncat @ Jul 8 2015, 11:28 PM) If it's CTOS issue, you likely won't get your loan approved last year. Possibly your debt serving capability is weak by measures of DSR, hence rejection of your credit card application. what is DSR mean? how do i need to change from weak to strong... |
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Jasoncat
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Jul 9 2015, 09:07 AM
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QUOTE(warningo0o @ Jul 9 2015, 09:01 AM) what is DSR mean? how do i need to change from weak to strong... Debt service ratio is the ratio of your total debt repayment obligation over your net income. To improve the ratio, it's either you cut down your borrowings or increase your income but this cannot be changed in just overnight in most cases. |
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T231H
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Jul 9 2015, 09:10 AM
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QUOTE(warningo0o @ Jul 9 2015, 09:01 AM) what is DSR mean? how do i need to change from weak to strong... DSR = Debt Service Ratio What is my DEBT SERVICE RATIO? http://www.malaysialoan.com.my/2008/07/dis...-service-ratio/http://loanstreet.com.my/learning-centre/h...ow-based-on-dsrhttp://homeloanmalaysia.blogspot.com/2008/...n-approval.html  to change from weak to strong? try earn more, borrow less, repay all existing loans....may helps |
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warningo0o
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Jul 9 2015, 10:15 AM
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Getting Started
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QUOTE(Jasoncat @ Jul 9 2015, 09:07 AM) Debt service ratio is the ratio of your total debt repayment obligation over your net income. To improve the ratio, it's either you cut down your borrowings or increase your income but this cannot be changed in just overnight in most cases. [QUOTE] ok...thx for reply... will try to settle 1 of the housing loan on the moment... |
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warningo0o
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Jul 9 2015, 10:16 AM
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Getting Started
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QUOTE(T231H @ Jul 9 2015, 09:10 AM) ok thx for reply.... |
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