Category FAQs Search : Credit Reporting Agencies
Question: What are the implications if I disagree to give consent to the credit reporting agencies to disclose my credit report to financial institutions?
Answer: If you do not give your permission (consent) to a credit reporting agency to disclose your credit report, there is a possibility that your loan application will not be processed further by the financial institution as the information from the credit report is an essential element for financial institutions to conduct credit worthiness assessment.
(Source: Official Portal of Ministry of Finance, 24 Feb 2025)
Source Link: https://www.mof.gov.my/portal/pdf/bahagian/ppk/faq-en.pdf