Do you know your credit score? Did you know that a low credit score affects your renting process?

In Instahome, we partner with CTOS company to rate our tenant's credit score.

What is CTOS?

CTOS Data Systems Sdn Bhd (CTOS) is one of Malaysia’s leading Credit Reporting Agency (CRA). CTOS carries out credit score reporting to assess an individual or a company’s creditworthiness.

CTOS gathers information from various public sources to provide credit report that includes bankruptcy, legal action and individual's business exposure or ownerships/directorships.

What is a good CTOS credit score?

The credit score starts from 300 (Poor) to 850 (Good). The higher the score, the healthier your creditworthiness is.

Some commonly seen outstanding payments that affect your score are defaults on car loans, PTPTN loans, bank loans and missed payments on telecommunication services.

Why do we check your CTOS report in Instahome?

Instahome uses the credit score to understand tenant's creditworthiness and ability to pay rent on time and has low probability on defaulting.

A good credit score will help the landlord approve your reservation faster. If your credit score is low, we will ask for supporting documents to help you strengthen your profile to the landlord.

Read about the supporting documents we ask for, click here.

We hope this simple blog post helped to answer your questions.

If you have any more queries, please don't hesitate to contact us!