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What happens after CTOS and CRIS?

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asked on Apr 27, 2017 at 18:00
by   shini
edited on May 2, 2017 at 08:13
 
I have just got off the phone with a debt collection agency for Multimedia University, of which I have a debt of RM16,000.

Previously, I received an SMS stating that I have to pay the full total of RM16,000 or face legal actions from the court. Obviously, I can't pay, otherwise, I wouldn't be having this problem in the first place. Every year, I paid RM2,000 so that they would allow me to pay in installments of RM200 each month. This year, they asked me to pay the full amount of RM16,000 or RM2,000 8 months early. And I simply do not have the money.

The above is just background information, I'm not asking how to collect enough money to pay the early request.

I have just got off the phone with the officer in charge of my account at the debt collection agency. The same debt collection agency that sent the SMS. Before anyone ask, they're real, not a scam.

The officer told me that MMU would put my name on CTOS and CRIS and this would mean I won't be able to get any loans for car or house. This is fine with me. If I am able to get a bank loan in the first place, I would've been able to pay the stinking RM16,000. Problem is, I can't get a loan, so it's a moot point anyway.

Then she said that MMU can further get the court to send a summon, of which some kind of court official would come, then have me sign something. And within 24 hours, I have to pay the full amount including lawyer fees or I will be arrested and sent to jail.

Now my question regarding the last paragraph above, is can they actually do that? If so, how long before it will reach this point of me being arrested and sent to jail?

Also, another question is, while I know it's not big enough to get me bankrupt, can this in any way cause the bank to freeze my account? I'm asking because if I don't have access to my bank account, I won't be able to pay anything in the first place, as my job pays straight into my bank account.

Thank you very much for your reply. I'd appreciate if your reply is based on facts of the actual law instead of assumptions.
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answered on Apr 27, 2017 at 20:04
by   TitTacToe
edited May 2, 2017 at 08:14
 
I'd appreciate if your reply is based on facts of the actual law instead of assumptions.
Why request for people not to tender assumptions while you have made presumptions?

I would've been able to pay the stinking RM16,000.
Why stinking? Your MMU degree stunk?

 can this in any way cause the bank to freeze my account?
The bank cannot do it but MMU can via filing a lawsuit, make you a Judgement Debtor then go for other modes of debt recoveries.

Before anyone ask, they're real, not a scam. 
Don't assume, how you know? You have been a scammer before

 it's a moot point anyway. 
Another assumption, being blacklisted in CTOS alone can make you cry down the road. This is not a bank debt, so will never be listed in BNM CCRIS.

Then she said that MMU can further get the court to send a summon, of which some kind of court official would come, then have me sign something. And within 24 hours, I have to pay the full amount including lawyer fees or I will be arrested and sent to jail. 
All these are just scare tactics and non existing. No one has ever been jailed for owing legal debts.
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