If you have bad credit and you are thinking of how to improve your bad credit score in this year 2021 and you want to access a credit loan Singapore, there is good news for you. Improving your bad credit score in 2021 as well as accessing credit loan Singapore is not a mission impossible. There are guides you need to follow to repair your bad credit score.  As you know, when your credit score improves, your chances of qualifying for the best credit loan in Singapore and low-interest loans also improve. Below are some of the guides you need to follow to improve your bad credit score this year.

  1. Set up automatic bill payments: The payment history is very vital to your credit score. You can protect your scores from the harmful impacts of missed payment by setting up your bills on auto-pay. However, you must ensure that you have enough money in your checking account to cover all your bills every month to avoid overdraft.
  2. You can sign up for a free credit score service: Tracking your progress will definitely assist you in improving your credit score in 2021. Therefore, you need to monitor your credit score. You should know that many credit cards provide free credit score monitoring with a monthly update. There are also free credit score monitoring services you can use. If your credit card is not offering such services, you can pick a service you like and sign up for it. You can sign up for the type of credit score most lenders use.
  3. Obtain a credit-builder loan: If you are contemplating building credit from scratch or recovering from a bad credit score, a credit-builder loan from a credit union can be of great help. All you need to do is make fixed payments for 6 to 12 months, and your money will be in a savings account, and you will only access it after the end of the loan term. In the process, the lender will keep reporting your on-time payments to the credit bureau, enhancing your credit score.
  4. Dispute credit reports errors: You can request your credit reports free of charge and check them carefully. You can file a dispute with the appropriate bureau if you discover any inaccurate statement, e.g., late payment.  You can do so online with your credit bureau. Rectifying the errors could give your credit scores a lift.

In conclusion, a good credit score increases your chances of getting credit loan Singapore. A good credit score is a product of the result of years of consistent outstanding financial behavior. You can apply for your credit loan Singapore and other loan solution packages from us today via our websites or you visit any of our offices in Singapore. The application can be done through our online money lending platform using our online application form. You fill our online form, upload the necessary documents and submit. We will get back to you immediately after we receive your application.

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TTMedia - a digital agency in Singapore that designed the creative website for OT Credit - a money lender in Singapore that offers the best loan services.