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Forum Credit Card How do credit cards affect my home loan?

Forum Credit Card How do credit cards affect my home loan?

Forum Credit Card How do credit car...

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  • #1133
  • #1209
    MS
    MoneySmart Singapore
    Participant

    Posts: 31

    Joined: Jun 27, 2014

    Expert

    The new TSDR regulations will require you to declare the cards that you have active at the moment and also any outstanding debt that you may have rolling over to the next month on your CC bill. While the internal policies differ slightly from bank to bank, they all take into account how much outstanding CC debt you have, your timeliness on payments and also your credit history

  • #3236
    AD
    ankitadixit
    Participant

    Posts: 11

    Joined: Sep 16, 2017

    Beginner

    When you apply for a home loan, the lender looks at your credit report, salary as well as personal details you provide and works out how much of a risk it is to lend you the money to buy a home. If the credit report and personal details are good, then you will be offered a home loan.

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