FIs to review borrowers’ aggregate credit limits and outstanding debts in credit bureau checks.
How are a borrower’s aggregate credit limits and outstanding debt computed?
The credit bureaus will add up the credit limits and outstanding debt across all the credit facilities reported by their members (i.e. banks, finance companies and card issuers) to derive each borrower’s aggregate credit limits and aggregate outstanding debt, respectively, for secured and unsecured credit facilities.
More detailed and updated explanations on the enhanced credit information in the credit reports issued to consumers are available on the websites of Credit Bureau (Singapore) Pte Limited at www.creditbureau.com.sg and DP Credit Bureau Pte Ltd at www.dpcreditbureau.sg.