i confirm they only add a comment that its fully setteled but never remove

they will reject majo bank like pb or hong leong need minimum 12 months from date of release letter before can qualify for car loan.

me ccris perfect but ctos case only setteled last year all the bank reject ask to wait till exactly 1 year before can approve loan . its is standard bank policy

What I ment is from the date it says settled in CTOS you need to wait a year , before can apply for any loan. Yes CTOS record is permenant, but if debt settled it is listed as that in CTOS.

best is just pledge fd with public bank and get credit card, then wait 6 months to a year , maintain the card in good standing and you should be able to get car loan easily provided minimum salary etc done well.

INFORMATION ON CTOS IS PERMANENT, It can only be updated to reflect if DEBT settled. But it still shows you used to owe them and had lapsed in repayments.

Stays permanantly only updated as account settled

no

first clear the debt banks are extremely cautious now

ya, best to see a bank officer and present your case and see what are the chances before actually applying

for sure reject , they going to see it as a sign of desperation on your side

but i could be wrong

it will reduce your loan amount for housing loan.

the more commitments you have i.e car, motor and credit card balance

the less you can borrow for housing