Malaysian mortgage loan rejection rates were at an all time high in 2016 at over 50%. The majority of the rejections were due to poor credit ratings from CCRIS where applicants were found to have bad or insufficient credit records.
Many are unaware of the CRA’s ability to collect all our personal credit data, and many wonder if it is even legal. And is it? Find out your CRA rights below!
Image sourced from iMoney
Diane Foo Eu Lynn, Senior Content Specialist at PropertyGuru, edited this story. To contact her about this or other stories email diane@propertyguru.com.my
