Hi everyone,

New user, hope you guys can help me pls.

My dad, mom and I recently opened a Sdn Bhd company and are trying to open a current account for the company with CIMB. However, the banker told us my father is blacklisted under CTOS for a loan on a bike (Credit Company) and a house (CIMB) which he was the guarantor for his sister who was the borrower. Right now he is unsure of these two and is going to find out why default.

But firstly we have been advised to get a CTOS credit report. My father fears that if he is to check, we will stir up trouble because act ten years ago, he signed as guarantor for another sister for another house, but then the whole family ran away. However no one has chased him for that loan. He is worried by checking CTOS or CCRIS it will make the relevant parties of the loan (Maybank) realize the loan default for that house.

First question, by checking will they realize and feed info back to the bank that my dad has ANOTHER loan default?

Second, is the CIMB banker we are trying to open account with more concerned with the CIMB loan and not bothered act the rest?

Third, we are wondering why this issue has come up because my father has opened a couple of personal accounts and also got car hire purchase loan for two cars in the past two years with Public Bank and also Maybank.

Should we try with other banks first, or just change the directorship to some one with clean record and deal with my dad's blacklist later?

Thanks for the help guys, we are really upset about this, and please... in future, be careful when trusting family.

Best Regards

P