If you have ever applied for loans, you might have heard about this term that gives quite a headache to some people – “credit history”. The bigger the loan that you’re applying for, the stricter banks are going to be when they analyze your credit history. But what exactly is credit history?
Most of us are unaware of how important it is to start building our credit scores early in life. We only realise this 3-digit number plays a vital role in getting our bank loans and credit card applications approved later on. Read on to find out why you should start establishing your credit score at…
It is important to keep your credit score in good shape so you can apply for loans, credit cards and get lower interest rates. Read this article to find out six bad financial decisions that can hurt your credit score.
If you are one of the unfortunate bankrupts in Malaysia, this is not the end of the world. Some even find relief from declaring bankruptcy since they can get proper help from the authorities such as The Credit Counselling and Debt Management Agency (AKPK) and own up the responsibilities to repay their debts under the…
If you’re like the majority of young Malaysians who are living with high levels of debt, one of your financial resolutions is to settle your debt and make progress towards the overarching goal of financial freedom.
Applying a loan is not easy and is, in fact, a very long and tedious process. When your loan goes for approval, your debt service ratio is a major consideration. It is a strong decisive factor and you need to make sure it’s good to prove to your loan officers that you have good credit…
We’ve all heard about people around us receiving a huge inheritance when one of their family members passes. We’ve even heard about people receiving a house and more. But how many of us have heard about what happens to the debts of those who die?
CTOS, the leading credit reporting agency in Malaysia, has today announced a partnership with CompareHero.my, a local personal finance platform. Through the partnership, all Malaysians will be able to access a free credit score assessment, to help them better understand their creditworthiness. This serves as the building blocks of future innovation within the financial space,…
Paying off a loan is never a fun thing to do. Pile on multiple loans and we have a headache on our hands. But don’t worry! There’s one sure way to give you the upper hand when it comes to multitasking your loan payments – a Debt Consolidation Loan.
Sign up for a credit card, it’ll be fun, they said! And you did, but now you’re knee-deep in debt. First, let’s not panic. Take a step back and remind ourselves why we signed up for credit cards in the first place. Credit cards do have positive attributes! For example, it can help you build…
