FINANCIAL PROBITY – CREDIT DEFAULTS

Description and limitation of employment screening services.

Checks Conducted in Malaysia only

Description and limitation of
employment screening services. Checks
Conducted in Malaysia only

Limitations

Updating of records is conducted on a periodic basis with no set specific frequency (e.g. monthly or quarterly), so results may not reflect very recent files. Also, these proprietary databases do not update changed statuses on existing cases in their system. The onus is on the individual to personally clear their names on their own. Records of on-going cases may also not be entirely updated, so closed/resolved cases may not come up during the records search.

Mandatory Requirements

Signed Authorization Letter with Full name as per NRIC and NRIC number.

Verification Process

The individual’s name and NRIC is verified via licensed Credit Reporting Agency databases containing credit information gathered from defaulted loans, credit card records and utility bills.

Results

No Record or Match Found. A list of outstanding loans or defaulted payments by the individual.

Suggested Follow-up

n the event of a Match Found and if the individual challenges the accuracy of the result, it is suggested that he/she clears it with CTOS or RAM Credit Information.