Just to share my experience.

1. Three years ago my wife bought a car and I was the guarantor. Hers financial record was "flawless" but it wasn't enough to approve the loan. You see, I was the one holding it back. The Public Bank officer called to tell that I've an outstanding loan amt with MARA. Huh! I was quite surprised to hear that. How did they every found out? The loan was actually for a computer scheme that the company introduced to their students several years back and had been cancelled since. Anyway, the officer told me that record showed that I still owe MARA RM1k but he couldn't give me anymore detail. He can only see the company I owed and the amt. Luckily I've fully settled the debt a few months back and got the receipt to prove it. He asked me to fax it to the bank. Afterthat, my wife's application was duly approved.

Moral of the story: Even small/unrelated loan such as MARA computer scheme (eventhough Im just the guarantor) can make the bank reject a loan application. I believe the record is in CTOS. So be aware.

2. Last week, I went to a car showroom. As my family is growing I need to get a bigger car. But no rush though. Plan to do so in a few mths time. Anyway, I told this to the salesperson and she was quite ok with it. She even advised me to ensure my financial record is "clean" as the other day one of her client's loan application was still pending approval due to his outstanding Streamyx bill. He has to clear that debt first.

I always been wondering what kind of financial records that a bank can see when they process your application. After reading through this 23 pages of comments I sort of beginning to understand. In the past banks have rejected several of my credit card, housing as well as car loans. And, I had to go through several other banks, wasting money and time, till my applications were approved. Don't want to go through that with my upcoming car loan application. So...

I still owe TM RM100+ from a cancelled service. Will pay once I get my paycheck this mth.

Also, will go to CRISS and CTOS soon to find out if there are any problems. Need to update CTOS will my MARA loan status. And, will settle any problems first before I buy the car.