CCRIS only have 12 months "Payment History String" and it goes like this: 3 2 1 1 1 0 ....
3 meant 3 months missed payment, 2 meant 2 months etc...

What your friend told you is your account had been written off i.e. there's a subsection for that.
In that section, your record is there for another 12 months even after you've settled. Your "legal status" would still be recorded if the bank never update CCRIS, i.e. took out the legal status. However, in this section; it wouldn't list down your payment history like I portrayed above. It would only show that you have one facility "written off".

Like eric mentioned; it's best you go pay BNM a visit and get your own CCRIS report and they would educate you on what is there and how to go about it.

more one CCRIS: http://creditbureau.bnm.gov.my/

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Added on December 1, 2008, 2:11 pmBtw, before I forgot; there is no such thing as black list.

However, it is due to these credit records that is available that banks do their own valuations.
Various banks have their own method of valuations. Usually when one can show sufficient proofs on debts being settled and new source of incomes, banks would re-evaluate.

btw, TS; since you mentioned that the said bank initiated a legal case on you; it's best you check CTOS also: http://www.ctos.com.my/
Send in your settlement letter to get CTOS to remove the records in their database.

This post has been edited by b00n: Dec 1 2008, 02:15 PM

Like I mentioned earlier, if you're sure that you have cleared everything with the bank and had received your "settlement letter" (you can insist on it if they didn't provide); than you can go and apply for your loan.
Just inform the sales guys you have previous bad record but all had been settled and also give him a copy of your settlement letter for him/her to bring in a stronger case for approval.

Like mention also, various banks had their own internal evaluation process. Some might let you off since you've settled your debts; some stricter one would still bar you (mostly oversea banks).

And btw, there is no such thing as a David Copperfield act in regards to CCRIS.
CCRIS is a central depository in BNM where all the banks submits their customers accounts to it. So even if you have contacts in BNM, it's not possible for that contact to delete off your record as the record is updated monthly by banks. So if seriously you want a David Copperfield act, it's for the said bank not to report your account which again meaning to say delete off your records in their own system. However it's near impossible because of strong reconciliation and auditing in banks.

All I can say is good luck!

I've posted also on CTOS if you care to read. And I doubt that you would be able to sue CTOS as all the previous legal action against them fail apart. Also, they are giving out free checks and removal if proofs is provided. Eventually you need to check CTOS and BRIS too as they have kept your legal noticed published against you if any. So you would still have the possibility of banks rejecting you even after you clear your CCRIS matter.

Anyway, bring all your settlement letter to BNM and check your CCRIS as advised. They would advise you on what is the next course of actions. So if it's the fault of the bank for not updating the CCRIS report properly; than you have a strong case to take action against them.

And I wouldn't want to comment further on so called David Copperfield as it is unethical and unallowed in LYN.

pls use the pinned topic.