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Category FAQs Search : Credit Reporting Agencies

Question: Does The Credit Reporting Agency Determine The Decision Of A Financial Institution To Grant Credit Simply Through The Review Of A Credit Report?

Answer: No. Credit reporting agencies are not involved in the credit decision-making of financial institutions. Credit reports only provide the facts as reported without any view on the credit worthiness of an individual. The financial institution will make its own decision based on all the information made available to them, including credit reports provided by credit reporting agency, information provided in the credit application documents and other supporting documents.

(Source: Official Portal of Ministry of Finance, 24 Feb 2025)

Source Link: https://www.mof.gov.my/portal/pdf/bahagian/ppk/faq-en.pdf