Fro that article,....

Tengku Zafrul said the bank could decide to continue the transaction or business dealings with the account holder or discontinue the transaction and close the customer’s account after assessing the appropriate level of risk, subject to a restraining order issued by the authorities.

.... the termination of the relationship between the bank and customer is not a requirement under the law. It is a business call by the bankers or financial institutions based on their internal risk assessment,” he added.

🤔 Who or which entity is the authorities?

This post has been edited by MUM: Mar 4 2022, 12:07 AM

How often is the eCCRIS data in BNM is updated ?

googled and found this.
Your CCRIS information with Bank Negara Malaysia (BNM) is updated on the 10th of every month. CCRIS records consist of the data on your outstanding loans (e.g. type of credit facilities, payment history, instalment amount and credit limit) and credit applications (approved and pending) for the last 12 months.

https://ctoscredit.com.my/learn/how-often-i...t%2012%20months.

thanks... every 10th of the month...will set a reminder

Do things like
Shopeepay or Grab PayLater service contribute to ctos/ccris score?

Does one need to have credit card to participate in those buy now pay later scheme(bnpl)?

No, i doesn't even had a single CC but i had access to Grab PayLater function
(Not sure if Total spending or other things are took into criteria as i am a platinum rank too in Grab, hope someone can address this)

Ok, thanks for telling,.

While waiting for responses, maybe can read this for some added info while you wait.
Trend: Deconstructing ‘buy now, pay later’ services
https://www.theedgemarkets.com/article/tren...-later-services

"checks with Bank Negara Malaysia, the Ministry of Housing and Local Government and the Ministry of Domestic Trade and Consumer Affairs revealed that BNPL services are currently unregulated and there is no indication of the relevant agencies looking into the matter.

This is because BNPL falls within the ambit of a factoring agreement, explains Izwan Zakaria, managing partner at Izwan & Partners, which specialises in handling matters related to the technology, venture capital and start-up space."

Thanks alot for this information
It helps alot

may i ask if there's any banker here in this thread?

Hi guys, wanna check if my credit score is enough To apply house loan? Currently only have ptptn loan, ctos score excellent. Do i still need a credit card to build up my credit score?

while waiting for value added responses,...
i googled and found this, hope it can provides you with some added info while you wait

how to build up a good credit score
https://www.google.com/search?q=how+to+buil...sclient=gws-wiz


Debt Service Ratio, also known as DSR or referred to as debt ratio, is the ratio of a person’s total debt to their household income.
It measures the ability of a person to settle their debt obligations.
Your DSR is one of the three main components of your risk profile; which is a key factor that banks use to determine your borrowing power.

The other two components are your credit score or CTOS and CCRIS reports.
Other factors that banks take into account is the valuation of the property that you are looking at as well as the maximum Loan-to-Value (LTV) ratio/Margin of Finance available to you.
However, in this article, we will be focusing solely on the DSR.
https://www.iproperty.com.my/guides/how-to-...-loan-approval/


This post has been edited by MUM: Jun 21 2022, 07:17 AM

Hi All, i have made payment to my ptptn which has some due since months ago and ptptn has issued me the release letter yesterday.

May i check if there's escalation that i can do to ask BNM remove the ptptn record from my CCRIS?

I think most probably bnm could not do it, as can be shown from this faq 38...
https://www.bnm.gov.my/faq/ccris

Also I think the records of your dues in ptptn payments will still be displayed in the ccris for 12 months, after the updates.. Per faq 30

This post has been edited by MUM: Jun 23 2022, 11:07 AM


Attached thumbnail(s)

i understand this but PTPTN side told me to check within 3 - 7 working days.
Now already 23rd June i afraid they submit late will impact my ccris next month as the record will still there.

As per post 3083.
Your CCRIS information with Bank Negara Malaysia (BNM) is updated on the 10th of every month.

Not sure when ptptn inform bnm
🤔 You got the release letter yesterday,... The issue date in the letter of release date? Maybe can get some idea

This post has been edited by MUM: Jun 23 2022, 11:13 AM

The issue date in the release letter also showing 22 june which is yesterday date.
I heard banker told me sometimes after full settlement, the PTPTN record won't be removed but will updated as 0 in next ccris report

Since the release date is 22 June, (hopefully ptptn will tell bnm on the same day too),
then most probably you can check after the new ccris records updated date (10 of next month),
Btw, the ptptn records will still be in ccris for another 12 months

This post has been edited by MUM: Jun 23 2022, 11:31 AM

nope, that's not what the banker told me though. where did you get this statement from?
If the ptptn records is there in CCRIS for 12 months, people cannot apply any loan within this 12 months? cannot be ma

This post has been edited by Darkcloudz: Jun 23 2022, 01:12 PM

See image in Post 3094