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You can also obtain your credit report at any of the following offices. A transactional fee of $0.50 applies. Moneylenders Credit Bureau Office 2 Shenton Way #20-02 SGX Centre 1 Singapore 068804 Tel: +65 6565 6363.
Moneylenders Credit Bureau i. Press Release New Credit Bureau to Support Prudence in Borrowing and Lending (53KB) ii. Infographic The...
It will allow licensed moneylenders to assess the creditworthiness of borrowers, and help to prevent borrowers from borrowing beyond their means. From 1 March 2016, licensed moneylenders will purchase a borrower’s credit report from the MLCB before granting a loan.
Mar 1, 2024 · If you have received text messages from someone claiming to represent licensed moneylenders and/or were told to make deposits/transfer money into bank accounts before a loan is granted, we advise you to file a police report immediately via one of the following channels:
Oct 10, 2023 · What is a MLCB Report? Your MLCB report serves as a comprehensive record of your loan payment history, compiled from various LMLs. As part of their assessment process, LMLs are required to review your loan credit report to gauge your creditworthiness before approving a loan.
Nov 25, 2022 · The Moneylenders Credit Bureau Loan Information Report records a borrower's loan payment history to Licensed Moneylenders in Singapore. Learn more. Do you know what does this report contain?
The MLCB is a central repository of data on borrowers’ loans and repayment records with licensed moneylenders. It will allow licensed moneylenders to assess the creditworthiness of borrowers, and help to prevent borrowers from borrowing beyond their means.
Article 1: Understanding Your Credit Report. Article 2: Understanding Your Loan Information Report. Credit Bureau Singapore (CBS) A credit report is a comprehensive record of your credit payment history compiled from different retail banks and major financial institutions.
Apr 16, 2024 · Through the provision of Loan Information Reports, MLCB facilitates LMLs in making well-informed decisions regarding loan applications from prospective borrowers. Simultaneously, it empowers borrowers to effectively manage their loans and financial circumstances.
Since July 1, 2021, for the moneylending businesses, the Ministry of Law (MinLaw) has designated CBS as the new operator of the Moneylenders Credit Bureau (MLCB) by providing comprehensive information about an individual's loan history, credit standing, and financial situation.
