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CCRIS, CTOS, Blacklisted by Bank, Whats The different.
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warningo0o
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 Jul 8 2015, 06:42 PM
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Getting Started
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i have a question to ask...i facing a problem with application Credit Card on the moment..i do have 2 housing loan with pretty payment every month..my question is why i apply CC with different bank mostly they will reject my application?? isit b'cos of CTOS not clean enough....5 years ago i almost get in to bankruptcy but at last i have settle all my debt to the bank...last year i still manage to get housing loan just curious is the CTOS system haven clear out my name....
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warningo0o
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Jul 9 2015, 09:01 AM
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Getting Started
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QUOTE(Jasoncat @ Jul 8 2015, 11:28 PM) If it's CTOS issue, you likely won't get your loan approved last year. Possibly your debt serving capability is weak by measures of DSR, hence rejection of your credit card application. what is DSR mean? how do i need to change from weak to strong... |
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warningo0o
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Jul 9 2015, 10:15 AM
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Getting Started
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QUOTE(Jasoncat @ Jul 9 2015, 09:07 AM) Debt service ratio is the ratio of your total debt repayment obligation over your net income. To improve the ratio, it's either you cut down your borrowings or increase your income but this cannot be changed in just overnight in most cases. [QUOTE] ok...thx for reply... will try to settle 1 of the housing loan on the moment... |
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warningo0o
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Jul 9 2015, 10:16 AM
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Getting Started
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QUOTE(T231H @ Jul 9 2015, 09:10 AM) ok thx for reply.... |
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to change from weak to strong?
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