Introducing MySCoRE and MyBizSCoRE

In the well-established realm of financial services where credit reports play a fundamental role, Credit Bureau Malaysia Sdn. Bhd. (CBM) offers its own tailored versions: MySCoRE for individuals and MyBizSCoRE for businesses.

These tools are pivotal in empowering users with critical credit information, aiding in informed financial decision-making.

MySCoRE is a dedicated service for individuals looking to enhance their understanding of personal financial health. This service provides a comprehensive view of one’s financial standing.

• Individual Credit Score: This score is a numerical representation of your creditworthiness, calculated based on your credit history and financial behavior. It plays a crucial role in financial applications such as loan approvals, credit card applications, and mortgage considerations. A higher score typically indicates lower risk to lenders, often leading to more favorable loan terms and interest rates.

• Banking Information (CCRIS): This component includes a detailed credit history as recorded by the Central Credit Reference Information System (CCRIS), which is managed by Bank Negara Malaysia. It encompasses information such as the types of credit facilities you have (e.g., personal loans, credit cards), outstanding balances, and your payment history. This information helps credit providers assess your credit management skills and financial responsibility.

• Track Reference Information: This feature provides a comprehensive overview of your credit and payment histories, including details on past and current credit accounts, repayment records, and any defaults or delays in payments. It gives a clear picture of how consistently you meet your financial obligations, which is a key factor in determining your creditworthiness.

• Litigation Information: This section highlights any legal proceedings that might affect your credit profile. It includes information about ongoing or past lawsuits, bankruptcies, or legal judgments that are relevant to your financial standing. This information is vital for lenders to assess any potential risks associated with lending to you.

MySCoRE by Credit Bureau Malaysia equips individuals with crucial credit information, enabling them to confidently approach financial products.
It ensures they present an accurate and optimised view of their credit status to credit providers, aiding in securing favorable terms.

For SMEs, MyBizSCoRE acts as a vital resource in navigating the complex business credit landscape. It offers an in-depth credit report, essential for business financial management and growth.

• SME Credit Score: This score is a numerical indicator of your business’s credit health. Similar to personal credit scores, it is derived from your business’s credit history and financial behavior. A high SME Credit Score can signal to investors and lenders that your business is at a lower credit risk, potentially leading to better terms for loans and investments. It’s a crucial metric for financial institutions when evaluating loan applications, and for investors assessing the viability and stability of a business.

• SSM Registry & Financial Statements: This feature provides comprehensive financial data and information sourced from the Companies Commission of Malaysia (SSM). It includes critical details like company registration information, financial statements for up to five years, and other regulatory filings. This information offers a transparent view of a business’s financial health and history, crucial for understanding its long-term viability and stability.

• Shareholding/Directorship Information: This section details the ownership and management structure of the business. It includes information about shareholders and directors, which can influence credit decisions. This is because the background, financial history, and reputation of key stakeholders and managers can impact a business’s creditworthiness and risk profile.

• Banking Information (CCRIS): Similar to the individual version, this includes comprehensive credit information from the Central Credit Reference Information System, but focused on the business’s financial dealings. It covers aspects such as credit facilities availed by the business, outstanding loan amounts, and repayment history, providing lenders with insight into the business’s financial management and creditworthiness.

• Trade Reference Information: This component informs about the business’s credit experiences in trade sectors. It includes details about trade credits, payment histories with suppliers, and other trade-related financial interactions. This information helps in understanding how the business manages its trade credits, which is an important aspect of business creditworthiness.

• Litigation Information: This part of the report highlights any legal proceedings involving the business that could potentially impact its financial stability or creditworthiness. It includes information about ongoing or past lawsuits, legal disputes, or bankruptcies. This is crucial for assessing potential risks associated with the business, as legal issues can significantly affect a business’s operations and financial health.

MyBizSCoRE is essential for businesses aiming to thoroughly comprehend their credit status, aiding in making informed decisions for growth and effective risk management.

CBM’s MySCoRE and MyBizSCoRE are invaluable partners in your financial journey, offering vital insights for sound decision-making. Ideal for individuals and businesses alike, these tools play a key role in Malaysia’s financial ecosystem, fostering financial inclusivity.

Ready to take control of your financial future? Explore your options and get started with MySCoRE or MyBizSCoRE by visiting Credit Bureau Malaysia today!