What Is PCRP (Personal Credit Report
Plus)
Understand
and control your financial status with a Personal Credit Report
Plus (PCRB). Additionally, know how your credit reports function and how banks,
lenders, and other financial institutions use it. This makes it much easier to
understand your credit status. A Personal Credit Report is more than just a
report; it is your credit management tool for financial and monetary
empowerment. Here is all you need to know about PCRP.
1.
Using it to enhance your financial management
Gone
are the days when one would have to strain to visit a bank somewhere in Negara,
or a government financial institution to request for a credit report. You can
easily attain yours conveniently, by visiting RAMCI. When I had mine done, it
took only about fifteen minutes of my time and only required my IC. In addition
to being smooth, fast, and efficient, the RAMCI Personal Credit
Report
can also be said to be comprehensible.
Knowing
your personal credit report is essential. It ensures that you have a clean
slate in the bank's eye and that you are trustable with repaying the dues in
time. If your credit report shows problems, knowing it can enable you to make
the required changes in a bid to rectify it.
It's
widely known that with the correct investing strategies and prudency in our
expenses would make us successfully rich. However, have you ever tried checking
your credit score? I recently attended a talk held by RAM Credit Info (RAMCI),
undoubtedly the largest credit reporting agency in Malaysia, offering
innovative credit solutions for commercial and financial sectors. I admit it
was indeed an eye-opener, that I wouldn't mind sharing with you today. Here is
what the talk focused on;
2.
What a Personal Credit Report Plus (PCRP) is
A
PCRP enables one to manage their credit profile, multiple credit accounts, and
ensure that they are qualified for loans from banks and other financial
institutions. Understanding your personal credit report is equally important.
RAMCI features a comprehensive Personal Credit Report Plus, which offers
one-stop information that is easy to read, thus enabling you to review and check your credit
information seamlessly. RAMCI's PCRP provides comprehensive information for your
credit score and material. This includes i-Score (Credit Score), Banking
Information, Trade References, enquiries made on your Legal History, and PTPTN.
The
PCRP report features your bankruptcy information, legal notices, and details on
your business, or the roles you play in a business. In cases where there is a
legal action taken against you, the status of the case is updated in the credit
report. Also, this information can be accessed indefinitely by the public.
3.
Understanding your i-Score credit with ease
The
i-Score rating is accessible for both PCRP and My Credit Watch reports from
RAMCI. It's a scoring system made up of three digits that reflect your prospect
of repaying the loan in time. With a bigger i-Score, you pose lesser risk for
banks and other financial agencies that might grant you a loan. You are capable
of managing and controlling your i-Score since it depends on your credit
history, as derived from your credit report. This means that by repaying your
loans in due time, it will automatically reflect in the report. However, the
i-Score rating does not influence whether or not you will be approved for a
loan; it only assists lenders and financial institutions in making the correct
loan-granting decisions.
You
can easily access your i-SCORE with the Personal Credit Report plus from RAMCI.
By knowing where you stand and what your chances are, you can conveniently
place measures to improve your situation. Some ways in which you can improve
your rating include:
Ensure to check your credit report for accuracy regularly.
