maybe more advise can be seek from this thread
https://forum.lowyat.net/topic/741069

if it is this request, then I guess have to go there and show them the originals before collection

http://creditbureau.bnm.gov.my/files/CRR%2...ktober_2011.pdf






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had never used a charge card before,....just asking about this non preset spending limit clause, is it really no limits, like let says you can theoretically buy a BMW car with it?

read this.....
"Unlike credit cards, charge cards do not have a credit limit.
Now, it is not to say that you can charge whatever you like to the card.
There will still be a “Credit Line” or some call it “Shadow Credit Limit” just like credit card’s Credit Limit.
You can always call Customer Service and ask them what is your Credit Line amount, so that you won’t be in a face losing situation when your transaction is declined because you have gone beyond the Credit Line assigned to you."

https://genxgenygenz.com/2016/01/05/introdu...by-genx-cc-101/

thks for telling
will this shadow limits be used in the CCRIS report?

This post has been edited by yklooi: Dec 16 2019, 08:34 PM

yes, unanswered....
unless those that really knew and came to tell or
continue to wait for answers to this currently unanswered question or
maybe perhaps take some action for those
1) had the charge card
2) really wanted to know
3) go seek out a CCRIS report, see if there is any stated limits on the charge card
4) call up the charge card company to ask about the "shadow limits"
5) compare and hopefully the answer can be found.....

just my thought before going for my afternoon coffee fix

Thks for updating latest info....
So if the usage on Amex charge card is omitted altogether when evaluating one credit utilisation ratio.... Then Amex charge card outstanding balance will be omitted in the evaluation too.....??

thanks for the input again....
that means Charge card is not counted in the scoring.........in CCRIS,
means another "loophole" for people that wanted to be more "in debted"

charge card cannot drag payment for a long period?
even imposed interest charges too cannot delay payment?

👌Wow... Like that one

reading of this FAQs...
i think they will be placed under "Special Attention Account" in the ccris....
http://creditbureau.bnm.gov.my/faqs.html

according to this....
According to the Malaysian law, you can become bankrupt when the outstanding sum involved is RM30000 (previously it was RM10000) or more with a default period of six months or more.
Defaulting on credit card payment is among one of the ways to be bankrupt.

http://creditcardlighthouse.blogspot.com/2...n-malaysia.html

thus CC debt can be sued for bankruptcy.....btw, the bankruptcy threshold had been raised to RM50000 from RM30000

17. Is there a minimum amount owed for a person to be a bankrupt?
Yes, the creditor may file for bankruptcy action against you if the debt owing is more than RM 50,000.
http://www.mdi.gov.my/index.php/faqs/bankruptcy

There Is Time Limitations To Your Debt
In Malaysia, under the Limitation Act 1953, there is a time limit in which a creditor can take legal action against a debtor..
This means companies must initiate legal claims within a certain time frame.
After that time frame has passed, a borrower is no longer obliged to repay their debt.
https://www.comparehero.my/debt-management/...-debt-collector

looks like this....
AKPK, debt issue, anyone got a question to ask them?
https://forum.lowyat.net/topic/876712/+2520

if you are a good repayment master, then i think it should not be a concern/matters.
bad repayment master will have bad track records.

most probably they need to have a way to assess your credit repayment track records....CC track records can be easily available to most people that wanted to get a loan.
btw,..NEVER owned a Credit card may not be the only reason that caused the difficulty in getting a loan.

thanks for updating....


if a person does not have internet banking,.... how to transfer the RM1? (can another person do the bank transfer on his (applicant)'s behalf?)

jason00221 which one you will be more concerned of right now?

Just out of curiosity,... I found this
https://howtofinancemoney.com/check-ccris-r...ng%20the%20loan.


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