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 CCRIS, CTOS, Blacklisted by Bank, Whats The different.

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vinod178
post Jul 1 2011, 11:23 PM

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CCRIS is basically a table something like this


Facility type outstanding jan feb march april may june july august sep nov
Credit Card 10000 1 0 2 1 0 0 0 1 0 0

1 means 1 month miss 2 means 2 months miss.Its only updated once you've cleared your over due payment and its automatically updated immediatly.

CTOS however is just a piece of paper which shows you your summons.But once the bank has faxed to CTOS within 2 days it will be updated.
vinod178
post Jul 2 2011, 11:36 AM

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QUOTE(leozai @ Jul 2 2011, 03:27 AM)
hey guys~~ have a question~~ after reading still dun understand some Q ~~
let say is i own a bank credit card debt bout 4k~~
been paid RM500 monthly since i owe da debt~~
but after 2 month~~ i just lost my job~~ so i just repay back RM1k~~ and now debt left 3k
Been looking for job bout 1 month, start working now and i need to wait til end of da month to get my salary ~~ so its 2 months late payment~~
da CC officer have call me to ask for payment, since i dun have even enuf $$ to return to them right now~~ i need to drag da payment til i get my salary~~
in this case i think he mention to me if late will get to ccris/ctos stuff~~
if unluckily kena~~ and after i settle da payment in coming 2-3month time, will da ccris / ctos been remove?? as i can apply hse / car loan after that???
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If 2 months still ok no legal action therefore no ctos.but with your employnent less then 6 months i doubt any bank will aprove your loan...just try to make min payment of 5% x 4000: 200.00/month..you wont be affected..

ps.i work in a bank and part of my job is to process loans in a local bank.
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