Amongst the basic things that I’ve always heard people saying in this personal finance world is to keep your credit score high. Naturally, I became curious to see how I do credit-wise.
So of course I have to check my CTOS score.
The process was super easy and convenient:
- Create CTOS ID Account – details needed: full name, IC number, email, mobile number, AND video selfie of me holding my IC
- I purchased MyCTOS Score Report for RM23.44 – online payment
- And I immediately received the report and invoice vide email
And this was the result –
According to iProperty’s chart here, my score is viewed ‘very favourably by lenders’.
And according to MyCTOS account –
This 781 score was derived from my car loan and credit card. My credit summary from my CTOS account –
I might have trouble controlling my spendings and making money, but guys ~ I pay my debt in time ~ No missed payment! Give me extra credit… or maybe not.
There are so many comprehensive contents out there on CTOS, so if you are interested, here you go. For further read:
- Everything You Should Know About CTOS – Loan Street (If you want to see categories of information that a CTOS Report contains)
- CTOS Score Malaysia: What Is It, And The 4 Steps To Improve It! – PropertyGuru (So I learned how CTOS score is broken down – 45% of your score is based on payment history; 20% on outstanding amounts owed; 7% on the length of your credit history; 14% on your credit mix; 14% on new credit)
- What is CTOS? How do I get my credit score and check my CTOS report? – iProperty (“A good credit score can increase your chances of getting a loan, get you better interest rates and speedier loan approval, among other things.”)
- Check Your Malaysian Credit Score for FREE With CCRIS & CTOS – Balkoni Hijau (I learned from here – AFTER paying the RM23.44 – that the free version is actually enough for most people to have a rough idea where they are credit-wise)
Go check yours if you’re curious as well.
Let’s continue figuringgitout.