Are you planning to apply for a loan to buy a car or a house shortly? You can check your credit rating before applying for a loan. You can request a free CTOS credit rating report through Touch ‘n Go eWallet.
Credit Information Services Pte Ltd (CTOS) is a company that specializes in providing information on lenders and focusing on commercial transactions. If a person is sued for bankruptcy, his name will be included in the CTO’s blacklist.
Banks, law firms or statutory agencies, insurance companies, and businesses will refer to the database of the intelligence company before deciding whether to approve the applicant’s loan application or other applications. If the name has been included in the CTO’s blacklist, banks will often refuse to approve and will not issue loans.
If you have not registered or requested a CTOS report, you can request a report for free through Touch ‘n Go eWallet. Generally speaking, the fee for obtaining a CTOS report is approximately RM24.85, and this fee can be waived through Touch ‘n Go eWallet.
To request your own CTOS report through Touch ‘n Go eWallet, you can open Touch ‘n Go eWallet and click on the CTO’s applet. Then you can receive the report after confirming your personal information. The CTOS report will be emailed to you.
Generally speaking, CTOS’s credit ratings are divided into 6 categories, namely excellent from 744 to 850, very good from 718 to 743, good from 697 to 717, fair from 651 to 696, low from 529 to 650, and weak from 300 to 528, and No score.
