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.

Service provider doesn't need to report an user's payment record to BNM. So your credit score is not affected by Maxis/Digi.
Wondering, how do you pay the loan if you not able to pay your bill?

did they specify why your application was rejected. u can actually ask them. your loan application could have been rejected due to your employment not confirmed or your name is in ctos bcos of maxis/ digi. unlikely to be in bnm ccris. it isn't unusual for banks to reject applications from those who r not confirmed in their employment. most important u have to ask them why - politely.

i suggest u go to ctos in megan avenue n ask them to check. quite fast n foc if i remember correctly. don't bother calling them to check your status. it has to be done in person.

http://www.ctos.com.my/CTOSHOME/home.htm
CTOS Sdn Bhd (209649-U) Unit A-8-4, 8th Floor, Megan Avenue 1, No 189, Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia Tel: 603-2770 8833 Fax: 603-2770 8834 ...

otherwise the next time u submit your loan application send to 3 banks n c which one responds favourably. i know ppl in the car n property sales industry who does that. sometimes all banks respond positively n offer better loan margin than others. other times some will reject while the other may accept. different banks may have different risk appetite.

when u submit your loan application to 3 banks all of them will know that u have done so as your applications in different banks will be reflected in ccris. they may call u n ask..."did u also submit this loan application to this n that bank?" just tell them that you did to see which one meets your expectation. some banks may not ask cos they would understand y u did so. either way no big deal there.

all the best...

don't see anything wrong with that. go for it. hope u get your loan

As suggested by the other posts - go to CCRIS and CTOS and get a report from them. Then you will know where you actually stand.

If you have no other loans & CCRIS & CTOS says nothing then your future isnt that bleak.

For those who have CCRIS problems, the only bank can accept ur application is MBSB. Recently i heard they are going to use CCRIS as well same like other banks but not sure when is it will happen.

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Added on September 18, 2010, 2:00 am

CTOS checkself at www.ctos.com.my and try to click at Selfcheck button.
CCRIS, u have to go to Bank Negara and request them to print for you.

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