Recently there has been a proposal that all PTPTN (Perbandanan Tabung Pendidikan Tinggi Nasional) loan defaulters to be blacklisted in CCRIS. This move came as no surprise as there are more than 400,000 defaulters who had failed to repay more than RM 2.8 billion of loans.

CCRIS is actually a centralized database consists of loans, hire purchase, credit card records. This would be the official medium for banks and financial institutions refer when checking a person’s financial record.

This move will actually dampens PTPTN defaulters ability to obtain loans from financial institution in the future. The government has proposed the blacklist to be implemented soon. Fortunately, PTPTN is also giving a 30% discounts for any loans this is settled on September ,2013.

As of 21st August 2013, the Malaysian cabinet has agreed not to push forward with the proposal as it was subjected to many criticism.