CCRIS Part II

In my previous post, I shared about what is CCRIS and credit report. You can get your credit report for free of charge once every 3 month from Bank Negara office. So how does the credit report look like?

This is the header of the actual credit report. The detailed credit report displays your credit history information as follow:

1. All your current loans obtained for yourself, jointly in a joint account, in your capacity as owner of a sole proprietorship and as partner in a partnership/ professional body (exclude accounts which have been settled); 
2. All your current loans under close supervision by financial institutions (Special Attention Account);
3. Your applications approved in the previous 12 months for yourself, jointly in a joint account, in your capacity as owner of a sole proprietorship and as partner in a partnership/ professional body (exclude applications that have been rejected, deleted and cancelled); 
4. All pending applications for yourself, jointly in a joint account, in your capacity as owner of a sole proprietorship and as partner in a partnership/ professional body.

This is the explanation of each field in the credit report:

No.	Field Name	Description
1	No.	Refers to sequence number in the credit report
2	Approval Date	Refers to the approval date by the financial institution
3	Status	Refers to the status of the credit facility: Outstanding, Restructured credit facility, Rescheduled credit facility, Outstanding from call of guarantee/standby LC, Pending decision by financial institution, Approved by financial institution
4	Capacity	Refers to whether the loan is taken directly or indirectly by the customer: Own, Joint, Sole, Partner, Prof
5	Lender	Refers to name of the financial institution which lends
6	Branch	Refers to branch code of the financial institution
7	Facility	Refers to the type of facility offered: Housing Loans/Financing, Credit Card, Purchase of Passenger Car, etc.
8	Account/Application Number	Refers to the account number of the facility
9	Total Outstanding Balance (RM)	Refers to total outstanding amount for each facility type. It includes “principal outstanding + interest outstanding + other charges”.
10	Date Balance Updated	Refers to date when the total outstanding was last reported.
11	Limit (RM)	Refers to total limit approved by the lending institution for each of the credit facility.
12	Collateral Type	Refers to type of collateral pledged for the credit facility 00 = Clean 10 = Properties 21 = Quoted shares 22 = Unquoted shares 23 = Unit trusts 29 = Other financial assets 30 = Motor vehicles (registered with JPJ) 40 = Other vehicles/carriers 50 = Concessions and other contractual rights 60 = Plant and machinery 70 = Financial guarantee 80 = Negative pledge 81 = Supportive letters 90 = Other assets 99 = Secured – details unknown
13	Principal Repayment Term	Refers to frequency of the principal repayment term for each facility type
14	Installment in Arrears for Last 12 Months	Refers to the number of installments in arrears for the last 12 months 1. A blank means that the data is not reported. 2. A zero means that the loan is not in arrears.
15	Legal Status	Refers to the latest legal action status taken against the customer arising from a default on the credit account If blank, there is no legal action taken
16	Date Status Updated	Refers to date of latest legal action status

If you find out that the credit report is inaccurate, it is better to liaise directly with the respective financial institution for clarification and update. The financial institution must immediately rectify any inaccurate or incomplete information by sending the amendment to the Credit Bureau to reflect your latest credit position.