MARA's loan is not included in CCRIS..... Only FI are participating in CCRIS... no worries bro... if cant sleep at night, go drop by BNM and use their kiosk to get yr CCRIS report

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Added on October 16, 2010, 5:16 pmIt is updated every month on a fixed determined date (by individual banks). Not statement date nor due date. However, the record shows in CCRIS usually is 2 months back.

example : Since now is Oct2010, CCRIS's record probably shows Aug's balances.... However, if u were outstanding in Sept2010, and you thought by making full payment now (Oct2010), and expect Sept's record to be cleared (when it is updated later), then false hope... coz they will still update Sept being overdue (coz payment was made in Oct).. i believe this is fair ... coz its accuracy of historic data they are concerned about, not current overdue/non-overdue status..

But, good news for those who are recently overdue... example : Sept & October overdue, if you go apply for a loan/cc , chances are your application will be APPROVED .. coz as far as CCRIS is concerned, u r still up to date (based on Aug's record)

Hope these helps

This post has been edited by nemoexcel: Oct 16 2010, 05:16 PM

after settling your loans will not help you to get the loan approved. CCRIS is NOT CTOS. It was put in place to have an idea of the CHARACTER of the loan/card applicant. If you are a lousy paymaster, then just because you wanted the loan to be approved, you settle your loan... Your character will STILL BE A LOUSY paymaster.... thus, having the CCRIS with a 12months record will show your change in character if you manage to consistantly pay-up...

another thing to note is that, some ppl are mistaken.... if there was 1 time long ago they were overdue for 2 months (or more)(for whatever reason), then from then onwards, consistantly pay EVERY MONTH... but what they are paying is for 2 month's ago's installment. So eventough they pay every month, they are still overdue by 2 months all the way until now..... hence, you must settle those 2 months in arrears.


ppl,

pls dont blame the banks for this... as you borrowed their $$ in the 1st place, or bought that Swiss watch, or that Gucci handbag..... they PAID for it... isnt it fair for you to pay-up when its due?

Congrats bro... some banks are hungry for biz, so they can be lenient a bit... good for u

yes, u r correct,,,, so save more $$ for rainy days!!

u're not being clear here bro ..

1) fully settled loans (do u mean the installments in arrears? or the whole outstanding balance? ). If fully settled the outstanding balance, the loan will be cancelled and not appear in CCRIS totally. This applies to homeloans, car loans, personal loans.. However, to remove the entire credit card record frm CCRIS, you need to cancel the card after full settlement...

2) your "it will not appear in ur credit report anymore" is also misleading... if u're talking about installments (which u said make 11 installments for a 10months in arrears) .. in this case, your bad record will still be in CCRIS. Even after the bank updates, its the CURRENT month onwards that is cleared. the past 11 months will still show bad record.... if u're paying consistantly every month frm now onwards, then after 1 year, you have NO MORE bad record

yes, but thats a different CTOS check... its more for trades. Eg. Company A owes Company B debts, hence, Company B can lodge this debt into CTOS, to deter COmpany A frm getting "easy" credit terms frm other companies in the same industry...

but as for individuals, CTOS will only enter the record upon a formal legal suit, summons, bankruptcy ... there is a dept in CTOS whereby the staffs there does nothing but go thru daily newspaper and cut out those summons advertised by banks, Proclamation of sale... etc etc

No, proof of zakat payment is not sufficient. If you are working with a MNC/PLC, then EA form + payslips is good. But the best supporting document to proof your income is EPF statement + Payslip (for the employee)