CTOS Score is a credit score provided by CTOS using the assessment methodology adopted by CTOS. CTOS Score is calculated based on algorithm of selected data input and selected credit information. This data input and credit information on User are provided by and collated from various third parties’ sources over a period of two years. While CTOS strives for accuracy and reliability, CTOS does not guarantee the completeness or suitability of CTOS Score for any specific purpose. User had acknowledged and accepted that CTOS Score may be different from the credit scores issued by financial institutions and is just one factor in assessing creditworthiness of User whereby that other determining factors may be relevant. By extracting this CTOS Score, User had fully and unconditionally agreed to the assessment methodology, the selection and type of data input and credit information considered and adopted by CTOS in generating CTOS Score. The User had further acknowledged that the User’s credit score generated through CTOS Score may or may not be favourable to User which the User hereby had accepted the risk and agreed that CTOS shall not be held liable for result of User’s credit score. Nothing herein stated shall limit the applicability of Section 30 and Section 31 of the Credit Reporting Agencies Act 2010.
