This is a guest contribution by Credit Bureau Singapore, as part of a partnership between CBS and AMTD PolicyPal Group (PolicyPal and ValueChampion), in line with our mission to empower people with financial knowledge and help them attain financial wellness.
Not many people can afford to pay for big-ticket expenses in cash; most people apply for loans. However, your ability to get a loan can be affected by your credit report, which is derived from your credit history based on data from a range of factors, such as your payment performance on existing loans, outstanding balances and number of loan applications, etc.
What Is A Credit Report?
A credit report is basically a record of all your personal credit facilities and total credit...