Maintaining a good credit score is essential, especially if you want your credit applications to be approved quickly and in full. Your credit report from the Credit Bureau Singapore (CBS) is a record of your credit payment history consolidated from banks and major financial institutions in Singapore. CBS supplements it with publicly available information such as bankruptcy data and Debt Repayment Scheme records from the Insolvency and Public Trustee’s Office (IPTO) as well as Debt Management Programme information from Credit Counselling Singapore. Is it accurate to say that a riskier credit score might affect the person’s chance of getting a loan in the future? Many factors come into consideration when financial institutions make the final decision to grant or deny credit to consumers and your credit history is one of the tools used by lenders to assess your creditworthiness. Delinquent payments or defaults can impact your creditworthiness negatively and affect your chances of obtaining credit as...