Search results
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...
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.
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?
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.
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.
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.
Aug 13, 2023 · Among these is checking MCLB’s loan information report to assess creditworthiness and know how much a borrower may still be allowed to borrow. From the loan information report to MLCB’s roles, procedures, and how they can help borrowers in Singapore – you’ll find everything essential here.
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.
