Did you know that only 40% of Malaysians are creditworthy or should be allowed to get a loan? One reason for this is the lack of awareness amongst Malaysians about building and maintaining a good credit profile.
When you apply for a bank loan, the bank has to decide whether to approve your loan application or not. Apart from looking at your income and existing loans, your credit score is typically what banks use to decide whether to give you a loan.
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