In conjunction with Merdeka, you can get a free MyCTOS Report with CCRIS if you sign up for the self-check service on their website from now until 31 August 2023.
The credit reporting agency said that the offer was part of their goal to empower customers to take charge of their credit health.
To date, more than 3 million Malaysians have signed up for the self-check to find out more about their finances, according to CTOS.
What is the MyCtos report with CCRIS?
The MyCTOS Report with CCRIS is a document used by financial institutions and lenders to evaluate whether or not you are financially fit to take a loan.
It provides valuable insights into your credit health, including detailed debt information, payment histories for credit cards and loans, account balances and credit limits, credit inquiries, legal cases and bankruptcies as well as an individual’s directorships, business interests, and non-bank debts.
More Malaysians are Getting better at managing Their money
Over the years, CTOS said that they have implemented various financial literacy programs to enhance the public’s financial literacy level to better manage their credit reputation.
According to the credit rating agency, this has led to a deeper understanding amongst Malaysians to do self-checks to stay on top of their credit health and ensure their financial planning is sound and improve their chances to acquire credit.
As a result, the average credit score of the Malaysian population increased by 15 points from 663 in 2020 to 678 in 2022.
CTOS plays an important role in advocating essential credit health practices. Credit health is a vital aspect of financial well-being. It affects the ability to secure loans, get better interest rates, and even impacts various life milestones like buying a car or purchasing a home. By regularly monitoring credit reports, addressing inaccuracies, and practicing responsible credit habits, consumers can proactively strengthen their financial future.
CTOS Digital Berhad Group CEO Erick Hamburger
