KUALA LUMPUR, 13 June 2024 – In an innovative move to promote financial literacy, CTOS, Malaysia’s premier credit reporting agency, has inspired over 81,000 Malaysians in the first quarter of 2024 to actively manage their credit scores through a series of engaging contests.
CTOS has awarded over RM22,200 in prizes through these contests, which were held on social media platforms in conjunction with the New Year, Lunar New Year, and Valentine’s Day. Among the premium prizes distributed were Samsung Galaxy Watch6 devices in Graphite and Gold, intricately designed gold bars, and an all-expenses-paid six-day, four-night vacation to Korea.
To participate, individuals needed to check their CTOS Scores within a specified timeframe. This initiative not only encouraged participants to review their credit scores but also allowed them to detect any signs of identity theft or fraud, rectify inaccuracies, enhance their chances of loan approval, and monitor outstanding loan balances for better financial planning.
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“Taking this rewarding and innovative approach to spur consumers into action is part of our consumer awareness initiative, and we are pleased with this positive response to these contests. These 81,641 participants are part of our wide direct-to-consumer base which stands at nearly 4 million-strong to date,” said CTOS Digital Group CEO, Erick Hamburger. “We will continue to organize such contests to empower consumers with improved financial literacy, by being aware of their credit scores and enhancing it as a measure of their financial health.”
Notable winners include Shafie Iqbal Bin Sharif and Loh Chuan Jong, who each received a Samsung Galaxy Watch6 in gold and graphite respectively, and Abdul Halim Bin Lokman, who was awarded a 999.9 fine gold bar.
ABOUT CTOS DATA SYSTEMS SDN BHD
CTOS, Malaysia’s largest private credit reporting agency, is a registered Credit Reporting Agency under the Credit Reporting Agencies Act 2010. Established in 1990, CTOS has over 30 years of experience in aiding credit grantors make better credit decisions. CTOS utilises information from its users and the public domain to support informed decisions and facilitate fact-based risk management when providing credit extension. CTOS delivers a complete portfolio of credit reports and value-added services and is widely used by the country’s banking and financial institutions, insurance companies, large corporations, legal firms, businesses and state and statutory bodies.
For more information, visit http://www.ctoscredit.com.my/
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