For people who use credit sparingly, they might think that it isn't necessary knowing the kind of information that is found on their credit report. But this notion should be changed considering that the need to present a credit report does not only arise when a person needs to borrow cash.
There are instances when landlords and other businesses will need to take see the information that is found on your credit report. Even some employers in Singapore (like in other parts of the world) look for their applicants' credit record and use the information they find as one basis in making their decisions. So if you want to get higher approval rating, it's important that you maintain your credit record clean.
A credit record contains nothing but facts and details of the financial transactions a person has made. Companies that provide credit records to businesses often use different formats. But this shouldn't be a big deal since most credit records are usually easy to read and understand. What you should be concerned about is the kind of impression you are giving with the information that your credit report contains.
Aside from your personal identification information which includes your date of birth, address, name, Social Security Number, and previous and current employers, other information that can be found in your credit record are enumerated below:
public records: Examples of these are child-support orders, bankruptcies, judgments, and other similar information.
collection activity: this refers to accounts sent to collection firms for handling.
information about each credit account: type of account, how much is owed, who you owe, monthly payment, credit limits, and payment history.
list of businesses that have requested your credit report.
Whether you are considering to apply for a foreigner loan Singapore moneylenders offer or a payday loan, remember that the information businesses will see in your credit report is important. Your credit report speaks something about your credit behavior and provides insights to your character as well.
There are instances when landlords and other businesses will need to take see the information that is found on your credit report. Even some employers in Singapore (like in other parts of the world) look for their applicants' credit record and use the information they find as one basis in making their decisions. So if you want to get higher approval rating, it's important that you maintain your credit record clean.
A credit record contains nothing but facts and details of the financial transactions a person has made. Companies that provide credit records to businesses often use different formats. But this shouldn't be a big deal since most credit records are usually easy to read and understand. What you should be concerned about is the kind of impression you are giving with the information that your credit report contains.
Aside from your personal identification information which includes your date of birth, address, name, Social Security Number, and previous and current employers, other information that can be found in your credit record are enumerated below:
public records: Examples of these are child-support orders, bankruptcies, judgments, and other similar information.
collection activity: this refers to accounts sent to collection firms for handling.
information about each credit account: type of account, how much is owed, who you owe, monthly payment, credit limits, and payment history.
list of businesses that have requested your credit report.
Whether you are considering to apply for a foreigner loan Singapore moneylenders offer or a payday loan, remember that the information businesses will see in your credit report is important. Your credit report speaks something about your credit behavior and provides insights to your character as well.
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