Credit Bureau Report ...

[Showster]

Today I just checked my credit report.

 

Happy to find out it's a clean slate with perfect score.

 

Phew...

 

 

 

Credit reports can be quite kuku sometimes.

If the bank officer sees alot of searches but not much facilities, he assumed that you have been rejected by many other banks. So he does the safe thing and reject. Monkey see monkey do at it's best.

Also, if they don't see any track record, they might be incline to reject too. Kaisuism at it's best.

 

[archcherub]

Made mistake years ago and managed to settle all my CC bills in full in 2010.

 

However, report today still shows that i have 4 defaults and OCBC bank put the "discount of 2K plus" under negotiated settlement. Called ocbc and ask if i can pay them the "discounted" amount so that my CBS will look slightly better...

 

got rejected by them...

 

call CBS. Told me no point to pay the discounted amount to OCBC. Told me to wait for 3 years for the records to be erase off....

 

Put up application to buy a car of $80,000, downpayment 60K, also kena rejected by Banks...

 

is there any way to improve on my credit bureau report?

 

 

 

p/s: And for those who is in CC debt, don't play a fool with the bank. They let you off in the early stage but come back killing you off in the later stage.

 

u can try this way that a friend of mine used, but also need time.

try to take a simple loan that can be granted despite the bad CBS. u may not need the money, just take it and pay regularly for 3 to 6 mths.

 

the consistent, regular, and NO LATE payment, for 3 to 6 mths would be good for your CBS.

 

if not, really have to wait 3 years for the bad records on CBS to be erased.