CTOS Score is calculated based on credit information from both CCRIS and CTOS’ database. Check out these five (5) factors that make up your CTOS Score:
1. Payment History (45%)
Whether you pay your loans on time or have missed payments in the past
2. Amounts Owed (20%)
The number of credit facilities and the amount owed to the banks
3. Credit History Length (7%)
How long have you held a credit facility (credit card, loans)
4. Credit Mix (14%)
Types of loan and credit cards you hold; secured (home, car loans) vs. unsecured credit (credit cards, personal loans)
5. New Credit (14%)
Have you been approved for new credit facilities recently
Sources: Banking Payment History (derived from CCRIS, Bank Negara Malaysia), CTOS Database (legal records and trade references).