Updating my credit report
This may involve background checks from various sources, including information supplied by credit reporting agencies such as Basis Corporation Sdn Bhd (BASIS), Credit Bureau Malaysia Sdn Bhd (CBM), CTOS Sdn Bhd (CTOS), Dun & Bradstreet Malaysia Sdn Bhd (D & B), Financial Information Services Sdn Bhd (FIS) and RAM Credit Information Sdn Bhd (RAMCI).
The information provided by the Credit Bureau is only a part of the entire lending decision process in each individual financial institution and could be viewed differently by them.
Once your account has been regularized, your credit record will reflect the improved position.
No, Bank Negara Malaysia does not blacklist anyone as it does not express any opinion about the information in the credit report.
Financial institutions need to use all available data to help them make good decisions and be prudent in their loans and advances.
Bank Negara Malaysia only collects credit information from financial institutions and does not update any records.