RAMCI

Ramci is a credit monitoring platform that empowers individuals to manage and monitor their credit profiles more diligently. With the ability to track credit scores, monitor financial records, and provide guidance on improving credit, Ramci enables you to take full control of your financial situation. With a strong reputation and continuous innovation, Ramci aims to be your trusted partner on the journey towards financial stability and success. Gain access to the tools needed to manage your finances wisely – join Ramci today.

About US

Ramci is a leading credit monitoring platform designed to provide individuals with comprehensive insights into their credit health. With Ramci, users can track their credit scores, monitor their financial activities, and receive personalized recommendations for improving their creditworthiness. As a trusted partner in financial management, Ramci offers a range of tools and resources to help users take control of their credit profiles and make informed financial decisions. Whether you’re looking to monitor your credit regularly, detect potential fraud, or improve your credit score, Ramci is here to support you every step of the way. Discover the power of proactive credit management with Ramci today.

Ramci Score

Overview of Credit Report Items

In a RAMCI credit report, various items are displayed to provide a comprehensive overview of an individual’s credit health. Among the items found in the credit report are:

  1. CCRIS Entity Selected by You: As a user, you can select entities to be analyzed in the CCRIS report. The provided information includes details about approved facilities, types of facilities, and approval dates.
  2. Key Statistics: Key statistics include information such as earliest approved facilities, the latest three approved facilities, secured and unsecured facilities, credit cards, revolving credits, charge cards, national higher educational financing, local lenders, and foreign lenders.
  3. Summary of Banking Information: A summary of banking information includes details about potential and current liabilities, whether legal action has been taken against the account holder, and whether any accounts are under special attention.
  4. Dishonored Cheque Information (Own Bank): Information about dishonored checks issued by the account holder’s own bank, which may refer to bounced checks.
  5. Dishonored Cheque Information (Commercial Bank): Similar information to dishonored checks but issued by other commercial banks.
  6. Detailed Credit Report (Banking Accounts): The detailed credit report provides comprehensive details about banking accounts, including credit applications, accounts under special attention, and information about credit types such as vehicle loans, personal loans, credit cards, and any filed summonses or writs.

RAMCI Credit Report

This section delves into the comprehensive credit reporting system provided by RAM Credit Info (RAMCI). Within the RAMCI credit report, various crucial elements are encapsulated, including the i-Risk Score Intelligent (IRISS), Banking Credit Information, i-Score (credit i-score), and Credit Score. These components collectively furnish individuals with a holistic view of their credit health, empowering them to make informed financial decisions.

RAM Credit Info System

RAM Credit Info, operated by RAM Credit Information Sdn Bhd and situated at Boulevard Jalan Syed Putra, Kuala Lumpur, stands as a cornerstone in Malaysia’s credit reporting landscape. The system meticulously compiles credit-related data and generates comprehensive credit reports in PDF format. By leveraging cutting-edge technology and a robust infrastructure, RAMCI ensures the accuracy, reliability, and accessibility of credit information for individuals across the nation.

Section 1: i-Risk Score Intelligent – Summary

i-Score (Credit i-Score)

In this section, we provide a summary of the i-Risk Score Intelligent and delve into the details of the i-Score (credit i-score), shedding light on its significance in assessing creditworthiness.

Information and Address in Banking & RAMCI Databank i-Score (Credit i-Score)

In this segment, we explore the significance of Information and Address in banking and RAMCI Databank concerning the i-Score (credit i-score), highlighting its role in shaping credit profiles.

Section 3: Litigation Information – Legal Suits – Subjects as Defendant & Bankruptcy Action

Here, we delve into Litigation Information, specifically Legal Suits where individuals are subjects as defendants and actions related to bankruptcy. Understanding this aspect is crucial in comprehending the legal implications on credit profiles.

Section 4: Trade Bureau/Other Credit Reference Trade Bureau/Credit Reference

This section navigates the landscape of Trade Bureau and other credit references, providing insights into their role in credit evaluation. It also emphasizes the importance of cross-referencing information for accuracy.

NOTE: The following information is provided by third-party sources for your reference. Searched subjects will also be listed if they are in a guarantor capacity. RAMCI does not guarantee the accuracy of the information. Please check with the creditors for confirmation, as alleged debts may have been settled since recorded. Users should NOT treat the information as a conclusive factor for evaluation purposes.

Account Payment Profile

Dive into the intricacies of Account Payment Profile, exploring payment trends over a 12-month period, fintech credit details, and trade/credit references, providing a comprehensive view of individuals’ financial behaviors.

Section 5: Enquiries – Financial Related Search Count

This section unveils the Financial Related Search Count, showcasing payment records for the past 3 years, including the current year and the 2 preceding years. Commercial Related Search Count Legends provide clarity on search activities related to commercial endeavors.

Section 1: Summary

Item Contained in RAMCI i-Risk Score Intelligence (IRISS)

RAMCI i-Risk Score Intelligence (IRISS) encompasses crucial components essential for assessing creditworthiness, including:

  • i-Score (Credit i-score)
  • Credit Score

Note: The i-SCORE serves as a comprehensive credit score, providing a numeric representation of an individual’s or corporation’s creditworthiness based on the information available in the credit files at the time of scoring. It offers valuable insights but does not solely determine credit decisions for credit grantors.

Risk Grade

Evaluated through a risk grade segmentation, the i-score range is categorized into ten risk grades, ranging from 1 to 10. A higher risk grade, such as “10,” signifies superior creditworthiness. For non-scored individuals, the risk grade is designated as “N/A.”

Probability of Default (%)

This metric predicts the likelihood of an individual or corporation being unable to repay debts within the next 12 months. A higher percentage indicates a greater risk of default.

Key Contributing Factors (KCF)

Key contributing factors play a significant role in shaping an individual’s or corporation’s credit score. These factors highlight the primary reasons why the credit score may not be optimal, listing the top two factors that negatively impact the credit score.

Non-Scored Segment

Entities falling under the non-scored segment may include scenarios where the i-score is designated as “N/A.” Further investigation is warranted to understand the factors contributing to the absence of a credit score, ensuring a comprehensive evaluation of creditworthiness.

Section 2: RAMCI Banking Credit Information

In this section, we delve into the comprehensive RAMCI Banking Credit Information, shedding light on crucial aspects that influence credit evaluations and lending decisions.

Banking Information Warning Messages

Users may encounter various warning messages within the RAMCI system, each carrying significant implications. These messages include:

  • Pending Verification: Profile force added by a user awaiting verification by NRD/ROC/ROB of the profile.
  • Rejected: Profile submitted to NRD for verification but rejected due to non-existence of record in the NRD database.
  • Deceased: Profile submitted to NRD for verification, but according to NRD records, the individual is already “deceased.”
  • Wound-up: Company reported as wound-up by ROC.

Secured and Unsecured Facilities

Understanding the distinction between secured and unsecured facilities is crucial:

  • Secured Facility: Loan for which the borrower pledges assets as collateral, becoming a secured debt owed to the creditor.
  • Unsecured Facility: Loan not protected by a guarantor or collateralized by a lien on specific assets of the borrower.

Credit Card and Other Revolving Credits Utilization

Assessing credit utilization ratios provides insights into credit management habits:

  • Credit Card Utilization: Ratio of monthly credit card outstanding balance to total limit over the last 6 months.
  • Other Revolving Credits Utilization: Ratio of all other revolving loans outstanding amount to total limit over the last 6 months.

Capacity

Capacity refers to the manner in which the loan is obtained:

  • Own: Credit facility obtained by the borrower directly.
  • Joint: Credit facility obtained by one of the borrowers in a joint application.
  • Sole: Credit facility obtained by the sole proprietorship where the borrower is the owner.
  • Partner: Credit facility obtained by the partnership where the borrower is one of the partners.
  • Prof: Credit facility obtained by the professional body (e.g., lawyers, doctors, accountants) where the borrower is one of the partners.

Contact RAMCI

Experian Information Services Malaysia Sdn Bhd
17-9 & 19-9, 9th Floor, Mid Valley Megamall
Lingkaran Syed Putra, Mid Valley City
59200 Kuala Lumpur

Tel: 03-2615 1128

Fax: +603-2284 8808




RAMCI Score - Banking Credit Information

Frequently Asked Questions (FAQ)

Find answers to common questions in our FAQ section. Whether you need help, guidance, or quick tips, we’ve got the information you need! Browse our expert responses and get the solutions you’re looking for—fast and easy.

Is it essential for individuals to review their credit reports with RAMCI?

It’s a good practice to periodically check your credit report with RAMCI or any other credit reporting agency. Here’s why:

  1. Accuracy: Checking your credit report allows you to verify that all the information listed is accurate. Mistakes on your credit report could potentially harm your credit score and affect your ability to obtain credit in the future.
  2. Identity Theft Detection: Monitoring your credit report regularly can help you spot signs of identity theft or unauthorized activity. If you notice any unfamiliar accounts or transactions, you can take action to address them promptly.
  3. Credit Score Awareness: Your credit report provides insights into factors affecting your credit score, such as payment history, credit utilization, and account age. By reviewing your credit report, you can identify areas for improvement and take steps to boost your credit score.
  4. Loan Application Preparation: Before applying for a loan or credit card, it’s wise to review your credit report to ensure it reflects positively on your creditworthiness. Addressing any issues beforehand can increase your chances of approval and potentially qualify you for better terms.

While checking your credit report with RAMCI isn’t mandatory, it’s a proactive step towards maintaining healthy financial habits and protecting your creditworthiness.

What is the difference between a RAMCI and CTOS credit report?

RAMCI and CTOS are both credit reporting agencies in Malaysia, but they may differ in several aspects, including:

  1. Data Sources: RAMCI and CTOS may collect credit information from different sources, such as financial institutions, telecommunications companies, utility providers, and public records. The data they compile may vary depending on their partnerships and data sources.
  2. Credit Score Calculation: Each credit reporting agency may use its own proprietary algorithms to calculate credit scores. As a result, individuals may have different credit scores from RAMCI compared to CTOS, even if they access their reports simultaneously.
  3. Report Format: While both RAMCI and CTOS provide credit reports, the format and layout of the reports may differ. The information presented, including credit accounts, payment history, inquiries, and public records, may be organized differently between the two agencies.
  4. Services Offered: RAMCI and CTOS may offer different services beyond credit reporting. For example, they may provide credit monitoring services, identity theft protection, and credit score improvement tips. The specific offerings and features may vary between the two agencies.
  5. Accessibility: Both RAMCI and CTOS allow individuals to access their credit reports online or through other channels. However, the user experience, interface, and ease of access may vary between the two platforms.

Overall, while RAMCI and CTOS serve similar purposes as credit reporting agencies, there may be differences in the data they collect, the way they calculate credit scores, the format of their reports, additional services offered, and accessibility. Individuals may choose to review their credit reports from both agencies to gain a more comprehensive understanding of their credit standing.

Who blacklisted me, RAMCI or the banks?

RAMCI doesn’t blacklist individuals. It’s a credit reporting agency that compiles credit information from various sources to generate credit reports and scores. However, if a person’s credit report contains negative information, such as late payments or defaults on loans, it could affect their creditworthiness and potentially lead to difficulties in obtaining credit from banks or financial institutions. It’s the banks or lenders who make decisions based on the information provided by credit reporting agencies like RAMCI.

Can Ah Long blacklist you?

Ah Long, or illegal moneylenders, cannot officially “blacklist” individuals in the same way that credit reporting agencies or banks do. However, they may resort to harassment tactics and illegal methods to pressure individuals who owe them money. This can include threats, intimidation, and public shaming tactics. While Ah Long cannot formally blacklist someone in the credit reporting sense, borrowing from them can lead to serious financial and personal consequences. It’s important to avoid dealing with illegal moneylenders and seek help from legitimate financial institutions if you’re facing financial difficulties.

How to avoid a low credit score reported by RAMCI?

To avoid having a low credit score reported by RAMCI (or any other credit reporting agency), here are some tips:

  1. Pay Bills on Time: Late payments can negatively impact your credit score. Make sure to pay your bills, including credit card bills, loan payments, and utility bills, on time each month.
  2. Keep Credit Card Balances Low: Aim to keep your credit card balances well below the credit limit. High credit card utilization ratios can lower your credit score.
  3. Monitor Your Credit Report: Regularly check your credit report from RAMCI to ensure all information is accurate. If you spot any errors, dispute them promptly to have them corrected.
  4. Limit Credit Applications: Avoid applying for multiple credit cards or loans within a short period. Each application results in a hard inquiry on your credit report, which can temporarily lower your score.
  5. Diversify Credit Accounts: Having a mix of credit types, such as credit cards, installment loans, and mortgages, can positively impact your credit score. However, only open new accounts as needed and manage them responsibly.
  6. Maintain Long-Term Accounts: Length of credit history is a factor in credit scoring. Keep old accounts open and active, even if you’re not using them frequently, to demonstrate a longer credit history.
  7. Communicate with Creditors: If you’re facing financial difficulties, communicate with your creditors to explore options such as payment plans or temporary hardship arrangements. This can prevent missed payments and negative marks on your credit report.

By following these tips and practicing responsible credit management habits, you can help maintain a healthy credit score and avoid the risk of having a low credit score reported by RAMCI or other credit reporting agencies.

Ramci: Summary

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