How to Improve Your Credit Score for New Loan - GoldenCredit

You can always be sure about your money needs. Even if you have taken a loan and have a bad credit score, you may be in urgent need. Not many lenders provide loans for bad credit in Singapore, but if you are sure you will pay this one back in time, you have specific options.

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What is bad credit? | Money lending Singapore


To apply for a money loan in Singapore, you must be free of bad credit. It is the mistake regarding your repayment structure in the past that results in a lower credit score. The Credit Bureau Singapore evaluates the paying record and provides a 4-digit score between 1000 and 2000. 


Singapore's score between 1000 and 1723 is considered a bad credit score. Your grade will be 'HH' which stands for a high-risk grade. Most banks and financial institutions will decline your request for a loan for bad credit in Singapore if you fall under the HH group.


How to improve your credit score? | Wedding loan Singapore


  • You can check out the credit counselling companies that will negotiate the payment terms with the bank, find the root cause of your debt, and help you manage the same.
  • You can choose a debt consolidation plan or balance transfer to manage your debt better. Pay off the debt instalment in time for some months, and your credit score will increase.
  • Make a total repayment of the previous debt and wait for 2 to 3 months before applying for a new money loan in Singapore. Your credit score will be back to normal.

Certain financial firms like Golden Credit may offer your loan even if you have bad credit. The company provides a debt consolidation loan that manages all your other loans, and the interest is also relatively low. The trusted money lender is your hope for a financially straightened life.


Contact Us

101 Upper Cross Street, People's Park Centre #01-05F, Singapore 058357


Email : goldencredit@singnet.com.sg


General Line 


+65 62241300


#moneylendingfirminsingapore #personalloan #goldencredit #creditscore

#moneylendingSingapore

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