Bukit Merah is a new well planning town situated in the southernmost part of the Central Region of Singapore. The nearest MRT station is Redhill Station (EW18). A few stops down and you will be able to reach our office.
KBB Credit is in City Hall. However, Bukit Merah is located about 10 minutes away from Redhill via MRT. From there you will be able to take the train and reach our office in 10 minutes.
If you are looking for a loan, KBB Credit is a licensed money lender near Bukit Merah
Consequences You’ll Face Due to a Low Credit Score in Singapore
Difficult Home Buying
Many people don’t realize that landlords check credit before approving a rental application. As mentioned above, home buying can be very difficult due to poor credit scores. Having bad credit can make it much more difficult to rent an apartment or house. If you find a landlord who will rent to you despite your low credit score, you may have to pay a higher security deposit. Or you may simply fall for an undesired homeowner who just wishes to sell his house at any cost.
Security Deposits on Utilities
Utility companies like electricity, phone, and cable also check your credit as part of the application process. To offset the risk of default, those service providers charge you a deposit. If you have a bad credit history, you may have to pay a security deposit to establish service in your name, even if you’ve always paid your utility bills on time. The security deposit will be charged upfront before you can establish service in your name. This way, your daily life is affected due to poor credit scores.
Car Buying Problems
Just like for any other loan or financial obligation, banks check your credit before giving you a car loan too. With bad credit, you might get denied a car loan altogether. Or, if you’re approved, you’ll likely have a high-interest rate as mentioned above, which leads to a higher monthly payment. You will get high-interest rates, especially if you buy from someone who claims not to check your credit score. Plus, these lenders and sellers can’t be trusted at all.
KBB Credit is one of the top reviewed moneylenders in Singapore we can offer you competitive loan packages. We have been involved in the money lending business since the year 2010.
With our personalising of loans, we can assist you in leaving your financial problems behind. Speak to any of our loan consultants for a free one on one consultation.
Visit our office at 111 North Bridge Road #01-35 Peninsula Plaza Singapore 179098. Our office number is +65 6255 6998 if you wish to speak over the phone instead. You can also send your questions via email to enquiry@kbbcredit.sg