Avoid becoming the enemy of the banks (Financial institutions).
In most cases, banks are not keen to establish relationship with someone who are having negative repayment records. Your repayment record shows that you are either bad paymaster of having insufficient income to service your loan, hence you are duly BLACKLISTED.
Clients/Potential Client negative report can be extracted from CTOS, checking of status provided by 3rd party or C-CRIS, (provided by Bank Negara) and Internal Record maintained by respective bank/Financial Institution and from the private loan giver/loan shark.
To avoid becoming the ENEMY of the bank, please never default your loan repayment in any financial institutions. The moment you are the 'ENEMY' of the bank, life started to be difficult in getting Home and Vehicle Financing.
Pleas understand the illustration below: The Cause and Effect of being BLACKLISTED by Financial Institution.
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