CCRIS is updated every month on the 15th

Records in CCRIS are kept on a past 12-mths basis

Cutting CC does not really mean much in that sense when you are applying for Loan.

Is the missed payment that triggers red-flags

For the missed payments to "go away" you need 12-mths

Hello, thanks for the summon. Can't keep up with the postings and replies in this forum. Very exciting!!

Well yes, and no. For credit cards, all you need to do is to start paying the minimum 5% each month, that way the bank will not MARK your CCRIS. So your outstanding can even be RM100k, but as long as you pay RM5k a month (and subsequently lower as your outstanding reduces as you pay them), the bank would consider that a payment for that month has been done.

For housing loans, car loans, and personal loan, or any other TERM LOANs, you are expected to pay the installment in full every month, otherwise they would mark you as having a late payment in one of those months.

Now going back to your question, let's say you start being a good paymaster starting this month (December 2014)... your late payment records in January 2014 till this month would stay with you for a year on a rolling basis. Next month (January 2015), the January 2014 record would be erased... The month after that (February 2015), the record for February 2014 would be erased. And so on. So if you are a bad pay master till November 2014, that record will stay with you until Novermber 2015

To erase this, you need to make a full settlement AND cancel the account, wait a while for the bank to update that info in CCRIS. Once the record of THAT PARTICULAR LOAN ACCOUNT is gone from  the CCRIS, no banks would know how lame you were as  a paymaster      until you start acting up again  haha

pay your dues people.

Afaik, the banks are now required to submit their CCRIS data to BNM by 10th each month. It was 15th earlier.

How they charge you? Send invoice to u to ask for payment or deduct from any CASA?

It depends on the bank to update the BNM or the CCRIS database.

Of course it won't take effect immediately. Whatever you printed from the kisok or got from via email is usually 1 month delay.

As for my case on RHB CC, they're not removed from the CCRIS database/report even though I have cancelled it for > 1 year.

As for Citibank, they're pretty efficient.

can someone who is declared bankcrupt withdraw their money from EPF when they reached the age to qualify for withdrawal?

those numbers are not rating, it is actually number of payments in arrears. if 5 means the payment is late by 5 months. usually, it is bad but for some cases like ASB loan, banks don't really care since the loan has collateral. and it depend on banks as well, international banks are more strict in term of debt collection but local Islamic banks, they still have some soft spot.
CCRIS will only be updated on the 15th of the following month. but internally, bank have their own cut off date for payments, usually on the month end regardless of your due date.

what i means is if more than 3 months consistent didn't pay the 4th also didn't clear the previous pending amount it will remain as 3, until the payment is solve.

Don't agree.  It will not stagnant at 3.

Jason you're right

Correction - Sorry for giving wrong info ccris report doesn't max till 3 or 5.. it will max till 99 also, my senior just show me one with 99 due to abandon project.

how do we reduce the CCRIS loan say 23. So if i pay all 23 unpaid installments will CCRIS be reverted to 0 on the coming months ?

Dear all,
just want to ask whether if someone only settle minimum amount for credit card payment monthly , will they be written/blacklist  in the CCRIS /CTOS ?