Credit rating agencies to help bank to evaluate their client.

CCRIS (Central Credit Reference Information System) - defaulted payment for a few months(lawyer letters or some kind of red letters), that includes telephone bill. You can get loan from some bank. Major banks will ask you to settle the outstanding amount before approving your application.

CTOS (Credit Tip Off Service Sdn. Bhd) - You are totally blacklisted, presumably you are near bankrupt. Unlikely bank will approve your loan application but it is still possible.


You can get CCRIS and CTOS by just becoming guarantor for someone else. Nothing to worry about since it is just an evaluation of your credit health.

This post has been edited by LittleBro: Jul 13 2008, 04:15 AM

80% of the adults are under their monitor. Doesn't care whether you are good or bad. CTOS don't they get their information from newspapers(why would banks pay CTOS when they can easily do that by reading the newspapers). They get their information first hand, credit card companies for example.

Relax... Having CTOS, no problem. House with your name, loan under any usable family members name.

http://www.ctos.com.my/

Sorry for the mistake, (lost in translation) those bankers i meet always refer CTOS and CCRIS as a status.Some banks such as BSN, MBSB, and Bank Islam too relax on the approval side but it comes with marginally higher interest rate.

This post has been edited by LittleBro: Jul 16 2008, 01:04 AM