hmm but the bankruptcy status can be remove once all debt is settled rite? after attend court and so on...coz my uncle is in the process of attending courts...to clear his bankruptcy status.

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Added on August 13, 2010, 11:41 am

Bankers always think the bank is belonging to them..please differentiate between criminal and financial commitment. You can't compare between criminal record and integrity or attitude record of the person. Bankers always refer to CCRIS and CTOS as their main reference to access financial capability of their potential customers. For example, 5 years back the customer only hold an executive post with salary of RM2500, and now he is the manager with the salary of RM5000 but problem with Credit Card. Banks should consider the financial capability based on income and not the previous income. Seldom bank officers did this. They only refer to CTOS and CCRIS and work like 'ROBOT' with Standard Operating Procedures and documents. No judgment and discretion at all. Good example i would say, if the new car loan marked up till 100%, and the submission of documentation from dealers are fakes, the bankers always refer to document, document, document..even the documents are fakes! no physical checking to the car whether the model or variant is similiar with the car invoice! I would say, bankers need to do paradigm shift in providing loan to customers. The government of Malaysia has awarded a Bank license to give and offer financial services to customer. Without customer, Bank will never survive. Please bankers..you work for the bank and the shareholder..please help people who really need assistance from you. Don't punish them with the bad record and don't compare criminal record and financial capability, that is totally WRONG!

In Malaysia, banker will only lend money to those who don't need loans.
Those who really need loans will never get it...

  I can attest to that! My former boss, very particular with numbers. His bank statement must be the exact amount and he will query the bank even if statements is short of 10 cents. He is off course, loaded. The bank manager is always with him and every branch has a quotas to loan out. Then again, he is also responsible if the screening officers are wrong. This manager, to play safe, plays everything by the book and any doubts, he will dissaprove the loan. Almost year ending, he hasn't fullfill the quota and kept begging my former boss to take a loan of all that is not loaned out. 1.3 million. My boss kept refusing. He still has to pay interest and he don't need cash. That's how our 'kiasu' banks work.