Bank Negara encourages the public to monitor their credit standing

KUALA LUMPUR: Bank Negara has encouraged the public to register with the online Central Credit Reference Information System (eCCRIS) to enable them to access the personal report of their credit standing at their convenience.

The central bank has introduced the eCCRIS on Jan 19, 2018 and reports could be accessed via the website at http://eccris.bnm.gov.my.

Director of financial surveillance department Qaiser Iskandar Anwaruddin said the report would show the financing and repayment history of a borrower.

There are 75 participating financial institutions, including banks, insurers as well as Perbadanan Tabung Pendidikan Tinggi Nasional.

“It does not provide an assessment of a borrower’s credit standing. It is therefore a factual report and is not a blacklist,” he told media briefing here yesterday.

Qaiser said the eCCRIS would allow the public to be on top of their finances as they were empowered to take charge of and improve their credit standing, leading to more responsible financing decisions.

He said frequent checking of the reports would also help consumers detect fraudulent activities and prevent identity theft.

“With the eCCRIS, users are able to lodge data verification requests directly to participating financial institutions to verify and correct any inaccuracies identified in their reports.

“The eCCRIS is managed by the credit bureau of Bank Negara and there are also private reporting agencies such as credit tip off service, Credit Bureau of Malaysia which are under the oversight of the Credit Registrar,” he said.

Meanwhile, director of Link and Bank Negara offices Datin Arlinq Ariff said as of March 13 this year there were 45,350 registered users nationwide or an average about 889 people per day.

“Before accessing the website, individuals need to first walk into Bank Negara offices or the Credit Counselling and Debt Management Agency's offices to register and verify their identity using the MyKad and to register a valid mobile phone number where a six-digit personal identification number would be sent to them,” she said. — Bernama