Get your Credit Score at Credit Bureau Malaysia

Apart from CTOS and CCRIS database, you can obtain a copy of your credit report from Credit Bureau Malaysia. In fact, this is the only place to obtain your Credit Grade, Credit Score, and Probability of Default.

To obtain your copy of the individual credit report, you go to their website at https://www.creditbureau.com.my/  and then you click Self Enquiry Report followed by Individual Report;  you will see a Self Enquiry Checklist in three pages. Complete the form and sign on the second and third copy and then you email or fax the completed forms with the required documents. Before sending the documents remember to transfer RM2 to their account 512352604549 at MBB. You will receive your report on the same day by email.   

  

 I have got a credit score of 575 out of 900 and my credit grade is CC. The probability of my defaulting based on statistics and the population average, within the next 12 months is 4.54%. You can see the MySCoRE Assessment here:

According to Credit Bureau Malaysia, to maintain a healthy credit you should:   

1.     Always pay your bills on time

·         Even if it is the minimum payment

·         Late payments will affect negatively in your credit report
(eg: interest charges/outstanding amount may accumulate higher than the limit of credit)

2.     Keep the balance of your accounts/credit cards at least 35% of your total credit limit. (eg; Credit Card limit RM 4000, balance maintain at RM1400)

3.     Try to obtain a mixed form of credit. (eg; Housing, Hire Purchase, Credit Card)

·         A credit card is a very risky term of credit, hence obtaining a mixed credit term allows the lender to gauge you better.

4.     Don't apply for too much credit at once

·         The rule of thumb of 'everything in moderation' also applies to credit applications

·         Note that obtaining a lot of credit will, in turn, deem you as a risky customer/paymaster.

·         Note that the limit of the Credit Card is taken into account, not the outstanding for evaluation by the credit grantor

5.     Keep track of your credit report for at least 2 years

·         Regular checks help ensure that your credit information is intact /accurate.