Hi All,

A quick question. I have RM18k outstanding on my credit card. I have missed 6 months payment. I understand that I am on CCRIS as my personal loan got rejected. I spoke to the collection department and they told me to pay atleast RM5300 to active my account or take up the restructuring term loan. The card has been cancelled.

My question is:

1. If I pay the RM5300, will I be still in CCRIS? Will i be able to apply for personal loan after i pay the RM5300?
2. Is the term loan offered is a good move? I heard somewhere that restructuring the debt is a bad credit score and will be reflected on record for a long time.