Two years ago, I was in financial difficulties and defaulted payment for my car and credit card. So I send back my car to the bank and after auction, my debt was settled. Phew...

As for my credit card, I went to see the bank and made a deal with them to repay back my credit card on monthly installment. The period of repayment is 3 years.

This year, I had extra RM so instead of paying regularly, I settled out the remaining balance. That was in March 2008.

Recently I apply for loan from banks, and it was turn down. With a friend's help, I check my record in CCRIS and find out that although the record shows that my debt was settled, it still show me as someone who has bad record in repayment.

I was told that this record will last for a long time.

NOw, how to erase that record? Anyone have any idea how I could do this. To be frank, why I default my payment last time is because at that time I was running my own small business and was cheated big time by my partners. I did try my best to repay back every cent I own by taking up jobs with small salary just to pay for my loan. And no entertainment, no luxury, almost all my salary was spent to pay back.

Now when I settled it out, and earlier that expected, they still black list me. I think this is not fair as I am not the kind of guy who likes to run from responsibility. And further more, I never run when they call me to chase payment, I instead go to them and try to negotiate. But when I settled it out, they black list me.

So anyone, please give some advice on how to get around this. I can't even start new if I continue to be blacklisted like this.

1. BNM don't blacklist people. They just collect infos from Banks and provide it to all financiers.

I was told by my friend that the record shows me in a very bad light.

2. Are you sure it is CCRIS? No one can get CCRIS report apart from Bankers.

Yes, I am sure and the friend who told me this is working in one of the bank for 11 years now.

If it is reported in CCRIS, then it is your duty to get it removed from your own Banker. It is what they report to BNM at the first place.

Answer: That is the problem. What my friend told me is this the bank has forwarded a very bad report about me and the record of that report stays in the system.

Let me put this way, the record does shows that I had already settled out the loan. But at the same time, it also shows a report of what kind of paymaster I am, and with emphasize on that period of time where I cannot pay the loan.

I feel like in the same league of those ex cons, do 20 years behind bars for the crime and when you get out, the record stuck with you. Nobody is interested to know if you are really a change man, or whether you had pay the debt to the society by losing your freedom, or whether behind bars you have shown self improvement.

Instead they will harp on to the fact that you had committed a crime before and the possibility of you are going to repeat it is very high.

I guess that is why most ex cons will go back to their old life.