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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.
Your loan information report includes the following information: Personal Information. This section details information such as your full name (as per NRIC/other official ID) and ID number as submitted by Licensed Moneylenders (LMLs). Loan Summary.
Moneylenders Credit Bureau i. Press Release New Credit Bureau to Support Prudence in Borrowing and Lending (53KB) ii. Infographic The...
A Loan Information Report is a summary of a borrower's active loans as reported by MLCB members. It contains information on the outstanding payables as well as the borrower's payment history. If the borrower requests it, the Loan Information Report also includes the details of the licensed moneylenders with whom the borrower has active loans.
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.
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?
Jun 10, 2024 · 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.
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.
Feb 24, 2016 · Both borrowers and licensed moneylenders can access credit reports from the MLCB. Borrowers can use their own credit reports to keep track of and better manage their own loans.
