Banks are required to do the CCRIS submission by 10th of each month based on the outstanfing position of previous month end. So, answer to your question is NO.

It depends on what appears in CTOS. If you are talking about the details of your friend's company, ie the biz name, registration number, biz established date, directors & shareholders names, financial briefs - these are taken from the Companies Commission of Malaysia. No so-called bad things.

But if your friend's company is involved in litigation suites (including bankruptcy) then it may appear in CTOS report - obviously this is the part that your friend shall worry.

The CCRIS always show the latest 12 months records and on rolling basis. Even though you have regularised your late payment, that late payment record will be retained for 12 months in CCRIS. It will not be shown in CTOS unless the bank have taken legal action against you.

This post has been edited by Jasoncat: Nov 29 2015, 11:33 PM

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This post has been edited by Jasoncat: Nov 29 2015, 11:32 PM

The financial institutions are required to update the previous month end position latest by 10th of every month. So for 31/12/2015 position, the deadline for the update is 10/1/2016 which hasn't due yet.

It has been quite a long time the deadline for the financial institutions to update the CCRIS has been changed from 15th to 10th.

If you check on 10th of course no update yet as the bank is given the deadline till 10th to update.

Just out of curiosity, you go and print your CCRIS every month?

Fewer than a third of Malaysians have seen their credit report

source: The Star Business

KUALA LUMPUR: The Malaysian public seem to be quite laid-back with regard to good credit management, according to a survey conducted by credit reporting agency RAM Credit Information Sdn Bhd (RAMCI).

RAMCI said in a statement that its maiden consumer poll showed 64% of consumers had never viewed their credit report while another 8% were unsure if they had viewed it.

Only 28% of respondents had seen their credit reports.

Of that number, only 40% viewed it proactively to ensure it was accurate and updated, the agency said.

“The rest who read their reports did it in conjunction with a loan or job application, suspected fraud or when making a large purchase decision. At times like this, discovering an inaccuracy in their credit report would be a blow as it could deny them a loan or delay a purchase while the inaccuracy is investigated,” RAMCI said.

Although nearly three quarters of respondents knew what a credit report is, 56% did not know the function of a credit score and the impact it could have on their credit applications.

A credit score, generated by a credit reporting agency or lender is a numerical representation of their credit profile. This credit score may be used by financial institutions to evaluate a person’s credit worthiness for a mortgage or loan and even determine the interest rate.

RAMCI chief executive officer Dawn Lai said the agency strongly encouraged consumers to be proactive and know the critical importance of viewing their credit report at least once a year.

“Good credit management may also mean they are prepared for their next big investment decision. As the credit market grows, healthy credit management among consumers is key to keeping the industry robust,” she said.

Lai said one of the reasons behind RAMCI’s maiden survey was to gauge how much consumers knew so that it could further drive awareness on good credit practices.

"The refresh on the CCRIS system is around 10 - 15th, 15th being the deadline and earliest is 10th." this is misleading. I believe that to be a mortgage consultant it is important to get this basic info right.

I believe that you would have seen it and I don't bash people.
https://forum.lowyat.net/index.php?showtopi...post&p=78895283

Lol. While I'm not sure how frequent BNM updates their website but this contrary against the actual situation. Talked like an expert but... I doubt how solid your practical experience is.

It's alright. Let you be the laughing stock.

Deadline given to FI to report the previous month-end position is by 10th of every month, so to borrowers who eagerly want to check their latest CCRIS records, 11th shall be date.

10th is the deadline. If there are serious mistakes and needs resubmission, it shall be rectified accordingly and deadline for resubmission (if any) will be determined then by the central bank officer - so 15th deadline is not really applicable.

Nevertheless, the above is for quite serious issue. File rejection is not uncommon and the normally the banks just amend accordingly by submitting the necessary.

Last month, many (if not all) banks in town received letter from BNM (with fairly serious tone) wrt to the quality and timeliness of data submission. Can't reveal further here but we shall expect to see more timely and accurate update from the banks.

You don't need to and have no obligation to show them your CCRIS (particularly if you don't feel comfortable to show these rather sensitive info). Just write to them (and I suggest you cc BNM) and give them reasonable time (ie by next submission) to update it accordingly in the CCRIS, otherwise you escalate the matter to the regulator.

Rejected for 3 yrs the record still there? that really intrique me...

Hmm... it was mentioned rejected application but now it appears that there was overdue payment (which mean approved and with utilization / annual fee incurred)... so which one is true?

For SME, it's not unusual that the bank will ask for certain asset under the company eg the property which the company is operating at as collateral. If not, then perhaps 3rd party charge from the assets of the shareholder or director. Additionally, joint and several guarantee from shareholders or / and directors very likely will be required.

Edited for missing a key word (underlined) which change the meaning of whole story.

This post has been edited by Jasoncat: Apr 24 2016, 09:46 AM