Anonymous

22 Dec 2020

∙

What are the benefits of getting a good credit score? How will it affect housing loans in the future?

Does credit score affect the chances of getting a housing loan?

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Kok Hong

22 Dec 2020

Yes it does, banks will assess your eligibility based on credit score. Good to start building up your credit score

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Musyaffaq

22 Dec 2020

Business Studies Graduate at Ngee Ann Poly

Yes, better credit score will make it easier to get loans. For other loans, you could get better interest rates also!

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I'm planning to apply for a mortgage in the near future. Will having multiple credit cards affect my chances of getting approved for a mortgage or impact my credit score negatively?

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