Happened to stumble on this article on Paul Tan's Blog (http://paultan.org/archives/2006/09/10/more-barriers-for-us-to-get-car-loans/), it states that Banks have taken extra measures beginning two months ago checking the applicant’s credit ratings with 3 different sources before approving the loan.
Checks done by
- Central Credit Reference Information System (CCRIS) from Bank Negara
- Credit Tip Off Service Sdn Bhd (CTOS)
- Financial Information System (FIS) Sdn Bhd
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