I arguing with them today. The manager told me fully liable. Ask me settle 100%. Boon u got number for me to refer? Was planing to complain at mca. My first thought la. They said 2010 is the year that supp holder not liable for anything. When the age I holding supp card was the year I still studying in uni. I spent max rm500 only for the card. For petrol sake n now I held up for this liability issue.


I just part time credit card agent. And I stop doin home loan. Was ex banker. So Ppl pm me. I just refer them to my fren as lead to them only

Contact FMB here http://www.fmb.org.my/

But like I mentioned before, you could still possible be liable for the supp card spending.

This post has been edited by b00n: Apr 24 2012, 07:48 AM

in this case i dont mind to pay for my own spending....

after fair talk with the manager itself, he really told me there wont be anyway out for me. well gonna try FMB first. Thanks boon

They will charge you even though you are the supp holder.
They will press charge on all related parties and to provide waiver or not is at their choice.
But since they can't get it from your mom then i am sure they will try to get it from you.
Although you can confirm that you didn't spend that much on the supp card but that is your mom that they are trying to sue so they have all the reason to ask you to pay on behalf.
MBF are famous for their collection team and definitely will pursue with legal if not able to collect the $$.
Good luck looking for help.

FMB only handle dispute cases only....

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Added on April 24, 2012, 2:31 pmjust called up BNM

something u guys might want to know....

those supplementary card holder issue after 2006, they not liable for whatsoever principal owed but only the spending for supplementary itself only


those card issued before 2006, supplementary liable for full amount


my case....principal before 2006, supplementary 2007 , now the officer need to double confirm before can let me know the conclusion.

This post has been edited by maru: Apr 24 2012, 02:31 PM

Wah! That's extortion. But then again everything is in the T&C which no one reads anyway....

At the end of the conversation was the BNM staff helpful?
Let us all know the result once they inform you.

they said since my card issued after 2006 (supp)

they said should be no issue for me to liable only my own usage, but now MBF might play dirty and wan me to pay off everything.

BNM advised me take a softcopy of my credit card agreement, and carefully study the TnC. Then if not happy can come forward to BNM n complain.

kinda weird that i cant just straight away complain, they asked me to tell MBF BNM got such rule and hope they treat me fairly....now waiting MBF side to review this case.

Because if it is recorded in the T&C that supp card is liable for basic card spending, then by virtue of you and your mother accepting the card had sealed the contract and to be bounded by it.

Else if the T&C stated otherwise then you have a case. That is what BNM is trying to point out to you.

Wondering; say a PL was taken with Bank X. And the salary was remitted to Bank X as well.

In lieu of default in repayment, can Bank X recover the money by freezing the account, and collect the salary remitted in the account?

Or do they need court order for that?

Yes, they can freeze the salary from being credited to the account.
But they can't deduct your salary without your consent.
But by freezing the salary from bring credited to your account then you will definitely go look for them to discuss.
No, to freeze the salary from being credited to your account they don't need any court order.

Hi, I wanna ask you a question regarding car loan application. My mom was having bad credit history for sometime long ago(all is credit card and a personal loan), but in the past three months, she with my dads help has cleared all her debts and currently she have no an commitments at all and a car under her name which is fully paid. She has got all the release letters from the banks which she was blacklisted. So my question is will she be able to apply a new car loan as a guarantor under my name?. I am a degree student with no salary. Thanks in advance

Only settled all debts 3 months ago?
No, they will reject you.
Furthermore, you as hirer only a student.
If her record is good for 12 months then they might consider but still very weak with record of poor payment.
Suggest to lower the margin to 70 or 80%.

they will reject majo bank like pb or hong leong need minimum 12 months from date of release letter before can qualify for car loan.

me ccris perfect but ctos case only setteled last year all the bank reject ask to wait till exactly 1 year before can approve loan . its is standard bank policy

Rubbish. CTOS cases will still be referred even though you have settled with them. It will stick with you forever. CTOS needs to be shut down. Period.

What I ment is from the date it says settled in CTOS you need to wait a year , before can apply for any loan. Yes CTOS record is permenant, but if debt settled it is listed as that in CTOS.

Even though it is listed as settled, the record of your previous dispute is permanent. A lot of banks officer does not even read the small prints that it is settled. if you are lucky they will ask you for the release letter, if not your loan will be rejected outright as long as it appears in CTOS, does not matter whether you have settled or not. True Story.
CTOS is a private entity and by publishing records for public use they should be responsible for ensuring the Public is not victimised for records which are either outdated or unclear. However, that is not the case and Banks still use them as a yardstick for approving loans although BNM does not recognises their services. Their operation is not even in compliance with the new Data Protection ACT.

how bout ptptn loan?

But the data they collect isn't it from public domain, like notice of bankruptcy, notice of dispute, auction etc. How is this public notice protected by PDPA?

They are from the Public domain and they are being sold to banks for a price. How does that work out you may ask. And why are these information kept indefinitely by them and why are they not updated. Who gave them the authority to sell it since it should be free, Who regulates them. As far as I know BNM doesn't. They are a business entity which sells information and this information are use by Financial Institution for character profiling. Shouldn't something like this be regulated. And if they are not regulated by any Government ACT they should be shut down because the information provided by them could be flawed and causes damage to the Public.

dear all sifus, please comment.....

Lately, I hv an ex-colleague would like to apply for car loan but he had defaulted credit card years ago.......
He made full settlement to clear off this CC debt and applied for car loan 2 weeks later....and now he's clear of any debts, living without debt, no credit card, no car and house loan....
He's working for a bank now and applied for car loan under staff rate....

What is the chances his car loan application would be approved?