Credit card bills
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I have alot of credit bills to pay. Anyone can help me?
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no
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i oso many bills to pay. who wan to help me?
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anyone smelling a bait?
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www.creditbureau.com.sg
Every month, payment performance data is uploaded by the Banking and Finance industry to Credit Bureau Singapore (CBS).
Data relating to your loan payment performance is collated on your credit file and may be used by Banks and Finance companies as part of the assessment process for any new loans you may apply for, or for a review of your existing loans.
Your Credit Bureau file is an indication of your financial health. This is very important to the lenders as they assess the risk involved in granting credit.
You should therefore know what’s on your credit file and periodically check to see what new data has been uploaded.
How Do I Get A Copy Of My Credit File?
You can request a copy of your credit file on-line, at any of the 62 SingPost branches, at the Credit Bureau office, at CrimsonLogic Service Bureaus or at CASE office.
A transaction fee of $6 plus GST applies
You can request for a copy of your credit report at any of the following offices:-
1. Online
2. SingPost
62 SingPost Branches Islandwide
3. Credit Bureau(Singapore) Office
72 Anson Road, #11-03,
Anson House, Singapore 079911
Hotline: 6565 6363
Download Application Form
4. CrimsonLogic Service Bureau
133 New Bridge Road, Chinatown Point #19-01/02, Singapore 059413
Tel: (65) 6538 9507
1, Supreme Court Lane, Level 1, Supreme Court Building, Singapore 178879
Tel: (65) 6337 9164
5. CASE Office
170 Ghim Moh Road, #05-01, Ulu Pandan Community Building, Singapore 279621
Hotline: 6 1000 315
Your credit report is a record of your credit payment history compiled from different credit providers.
As most lenders will check your credit file to assess your credit worthiness prior to making a decision, a good credit repayment history will make it easier for you to obtain credit and to qualify for loans.
By reviewing your credit report regularly, it allows you to be aware of any information that is uploaded on your credit file.
The other advantage of monitoring your credit file is that it protects against possible fraudulent use of your personal details to obtain credit.
CBS’ ‘My Credit Monitor’ service checks your report daily and notifies you by email when key changes are detected. Early detection is key to minimising the damage that ID theft can have on your credit.
You can subscribe to ‘My Credit Monitor ’ service at any Singapore Post branch or visit the CBS office to make an application.
Your credit report also helps credit providers to make faster and more objective lending decisions. By providing credit data to its members (credit providers) under authorised conditions, CBS helps them to determine whether or not the person applying for credit is a good credit risk. In doing this, lenders can make better lending decisions quickly and objectively.
This will also contribute to a more competitive credit marketplace among the credit providers. With the Bureau in place, responsible customers can expect faster and more competitive services from the credit providers.
1. Pay your bills on time As far as possible, strive to pay up in full and on time.
Late or missed payments will certainly lower your credit worthiness. Therefore, be sure to check your bills to see when payments are due. Late fees and interest penalties add up quickly and make it hard to pay the balance. Payment history is an important factor in determining your credit worthiness. Since recent history carries more weight than what happened five years ago, getting in the habit of making on-time payments is an incredibly powerful way to improve your credit worthiness.
2. Pay down your debts and consider charging less
Lenders like to see plenty of breathing room between the amount of debt reported on your credit cards and your total credit limits. The more debt you pay off, the wider that gap and the better your credit worthiness. When you pay the full balance on your bill each month, you are taking advantage of an interest-free loan from the card issuer. If you make only the minimum payment on a significant balance, it can take years to pay off the full debt. If you are unable to meet the payment deadlines, let your financial institution know and the reasons why.
3. Limit the number of credit cards you own
Avoid multiple sources of credit. It is more manageable to keep track of 2 credit cards than 10. Opening a new credit line may reduce your credit worthiness, especially if you do not have a long and favorable credit history.
4. Cancel any unused cards
If you have many credit card accounts but are only using a few, it is a good idea to close out the unused ones. However, it is advisable to keep the cards that you have had the longest and cancel the new ones as a long record of prompt payments will improve your credit worthiness.
5. Stay out of bankruptcy if you can
Bankruptcy is the most catastrophic impediment to your good credit reputation -- far worse than delinquencies, loans or collections. Its impact, however, is dependent on how many defaults you made on your credit before you filed.
6. Don’t be afraid of credit counselling
Most of us want to pay our bills on time and as agreed. However, there could be unforeseen circumstances such as loss of employment, business failure etc, which makes it impossible to settle the minimum payments on the due dates stipulated by the bank. If you’re overloaded with high-interest debt and are in danger of falling behind on your payments -- or you already have -- consider working with a nonprofit agency such as Credit Counselling Singapore to set up a debt repayment plan. They can help you to reschedule payments with the creditors, negotiate lower interest rates and help you pay off your bills within a few years.
7. Get your credit report
Your credit report is a record of your credit payment history compiled from different credit providers. As most lenders will check your credit file to assess your credit worthiness prior to making a decision, a good credit repayment history will make it easier for you to obtain credit and to qualify for loans. By reviewing your credit report regularly, it allows you to be aware any information that is uploaded on your credit file. The other advantage of monitoring your credit file is that it protects against possible fraudulent use of your personal details to obtain credit.
8. Know the differences between Debit Card and Credit Card
When you charge a purchase on your credit card, you have a minimum of 30 days to pay the bill. If you do so, it will be to your benefit as you’re taking advantage of the card issuer’s money as a no-interest loan, provided you pay the balance in full each month. On the other hand, when you charge a purchase on a debit card, your bank will deduct your deposit account immediately. If you do not have sufficient funds in your bank account, the transaction will not be accepted.
9. Don’t close accounts if you still have debt remaining on them
Closing accounts before they are fully paid can hurt your credit worthiness. If you are planning on not using a certain credit card anymore, you should wait to close it until after you have paid it off. In order to keep yourself from charging, simply cut up the card into pieces and keep it in a drawer.
10. Don’t apply for lots of credit at once
People are bombarded with new credit card offers all the time. While it may be OK to sign up for a new credit card here and there, it is a bad idea to sign up for several at once. This sends a signal to creditors that you are desperate for credit and are a risk to loan to. Resist the urge to sign up for many credit cards at once and don’t overextend yourself.
Credit is an integral part of everyday modern life. From buying movie tickets, to paying for a meal at a restaurant or buying a car, credit is used. The most common use of credit is through credit cards. Knowing how to use credit wisely is a critical part of managing your finances and key to your financial health.
Advantages of using Credit:
Able to buy need items now
Don’t have to carry cash
Creates a record of purchases
More convenient than writing cheques
Consolidates bills into one payment
Disadvantages of using Credit:
Interest (higher cost of items)
May require additional fees
Financial difficulties may arise if one loses track of how much has been spent each month
Increased impulse buying may occur -
sex for money, i was offered before
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MoneySENSE - A National Financial Education Programme
MoneySENSE is a national financial education programme launched by Mr. Lee Hsien Loong, then Deputy Prime Minister and Chairman of the MAS on 16 October 2003. MoneySENSE brings together industry and public sector initiatives to enhance the basic financial literacy of consumers.
The MoneySENSE programme covers 3 tiers of financial literacy:- Tier I - Basic Money Management - which covers skills in budgeting and saving, and provides tips on the responsible use of credit;
- Tier II - Financial Planning - to equip Singaporeans with the skills and knowledge to plan for their long-term financial needs; and
- Tier III - Investment Know-How - which imparts knowledge about the different investment products and skills for investing.
- MoneySENSE is a national financial education programme launched by Mr. Lee Hsien Loong, then Deputy Prime Minister and Chairman of the MAS on 16 October 2003. MoneySENSE brings together industry and public sector initiatives to enhance the basic financial literacy of consumers.
- Since its launch in October 2003, MoneySENSE has published over 253 educational articles in the media, organised talks, seminars and workshops that have attracted over 93,000 participants as well as issued 29 consumer guides with a total circulation exceeding 2.2 million.
- MoneySENSE has also disseminated financial tips and messages in interesting ways such as a series of games at the inaugural MoneySENSE 2006 Roadshow which attracted over 89,000 visitors, organised a MoneySENSE-CPF inter-polytechnic financial education outreach that saw over 33,000 visitors, and subsequent roadshows at the Institute of Technical Education and various locations. In addition, MoneySENSE commissioned TV shows “Dollar and Sense” and “Mind Your Money” which saw over 1.1 million viewers, and various radio programmes with total listenership exceeding 1 million.
- The MoneySENSE programme covers 3 tiers of financial literacy:
- Tier I - Basic Money Management - which covers skills in budgeting and saving, and provides tips on the responsible use of credit;
- Tier II - Financial Planning - to equip Singaporeans with the skills and knowledge to plan for their long-term financial needs; and
- Tier III - Investment Know-How - which imparts knowledge about the different investment products and skills for investing. - MoneySENSE is spearheaded by the public-sector Financial Education Steering Committee (FESC). The FESC provides strategic direction and oversees financial education programmes in Singapore. It comprises representatives from the Ministry of Social and Family Development, Ministry of Education, Ministry of Manpower, Central Provident Fund Board, Monetary Authority of Singapore, National Library Board and People's Association.
- The FESC works closely with the MoneySENSE Industry Working Group (MIWG) to implement MoneySENSE programmes. The MIWG comprises the Association of Banks in Singapore, the Association of Financial Advisers (Singapore), the Consumers Association of Singapore, the Financial Planning Association of Singapore, the General Insurance Association of Singapore, the Insurance and Financial Practitioners Association of Singapore, the Investment Management Association of Singapore, the Life Insurance Association of Singapore and Singapore Exchange Ltd.
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probably bills amassed in the last 10 yrs.......................
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Just declare bankrupt lah...don't blame anyone but yourself.
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no money pay dun use
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tts wat credit cards are for
use first, think abt how to repay later.
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pm me with details and how you wanna pay. mayb i can help
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Originally posted by Christy:
I have alot of credit bills to pay. Anyone can help me?
negotiate with the banks, turn them into term loans and pay them off
in the meantime, cut up your credit cards since you don't have the discipline to use them...
never spend what you cannot afford to pay
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Christy, of course you can seek help.
May be you want to be like someone here . go have sugar daddies to go dinner with, to go drink with and they will pay the bills for you.
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i was broke once n owe the banks some money n the worst local bank is ocbc i hav dealt with. they charged me 36% pa interest.
i curse them die father , die mother for exploiting ppl in trouble.
well, i paid them bak in 1 go n stop dealing with this bank forever.
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I also have a lot of exams to take, can anyone help me?
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I just rec'd 5 credit cards from Bank tis month they give me $ 260 cashback which I use to buy daily necessities very good to use tis cards every mth I need to pay $ 600+ for my Credit Card as I have sign up to buy 5 yrs Insurance with them they will pay me back into 15 yrs instalments ok lol
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Originally posted by Christy:
I have alot of credit bills to pay. Anyone can help me?
who tell you to overspend.
lol
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Originally posted by Summer hill:
I also have a lot of exams to take, can anyone help me?
go give some favours to your examiners .....
hahahahhaha heeeeee heeee ....
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you should be responsible for your own doings.
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you can always try cashplus n all those financial product to get out of the 30-40% interests of the credit card first then slowly explore how you should pay off your debt, lastly, stop gambling or spending, its aint going to help in your debt (:
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if u oredi have bad credit ur application for other cards or loans wun be approved.
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Originally posted by lce:
sex for money, i was offered before
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nopey, the cash plus is actually given so as to reduce ur credit card debt, so its a financial products made to help relieve your highest interest rate.
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then no need pay back rite.
so good leh
i oso want k?