I read with amusement what is in the newspapers today. CTOS directors are to be charged under the Companies Act for various offences not related to the controversy surrounding it lately. Read it here.
I guess, if they cannot be charged for anything else directly relating to the current issues they are caught up in, let’s just find something or anything to charge them with. Apa-apa pun boleh. Unpaid parking tickets also can.
Notwithstanding the somewhat shoddy tactics, I have to admit, I have never quite agree with all that CTOS does. While the banks may find it useful to refer to CTOS for information, their method of collecting such information leaves much to be desired. I used to receive calls from CTOS staff asking further information about individuals whom we advertised in newspapers in a variety of legal notices. These notices may not mean anything is amiss in their credit status. Many of them are simply notices, notifying them of the legal action being taken, and in many of these situation, the matters are settled before the case proceeded further. So, how fair is it to these individuals if such data, minus the information about the settlement, is in CTOS databank forever and the bank relies on it for credit reference?
Of course, the bank says they have other credit references and do not rely on CTOS alone. Yeah, sure. Tell it to the thousands of individuals who have had some financial problems in the past and have since resolved all such issues and whose names are still in CTOS causing them to be unable to obtain any sort of financing now despite having a good income and not having any existing liability whatsoever.
Also, a police report was lodged by someone alleging that CTOS sold her credit information to her ex-husband (or soon-to-be ex-husband) who is using it against her in a divorce proceeding.
Let’s not talk about CTOS alone in this. Banks are equally the culprit here. Although in the case of banks, they probably won’t sell your credit information as it would be against the law, but your name and telephone number, rest assured, they do give away to third parties. That’s how those telemarketers got your number mah….
Speaking of telemarketers, how annoying are they? I have had these people bug me day and night eversince I got my first credit card. Insurance, vacations, ‘free’ medical check-ups (we all know nothing’s free, eh?) and what-nots. The list goes on and on. I normally decline their offers nicely and refrain from being rude to these people because I understand that they are just doing their jobs. But sometimes, there are a few who are abnormally persistent and annoying that I can’t help but yell at them.
Of course, after the string of verbal abuse I hurled at these nitwits, they would always retaliate by giving me crank calls. *Sigh*
Not planning to do anything this weekend but clean up my house from top to bottom. It’s a jungle in there.
Have a good weekend.