Licensed Moneylenders Permitted to Look Into Borrowers’ Data Through a New Credit Bureau

2018-10-16T19:39:03+08:00March 1st, 2016|Categories: Licensed Money Lender, Money Lender Singapore, Money Lenders|Tags: , , |

SINGAPORE – Licensed moneylenders in Singapore are given an opportunity to access and review potential borrowers' repayment and loan records, beginning March 1. This is made possible by the new MLCB or Money Lenders Credit Bureau. Thus, it is made easier for Singapore moneylenders to determine borrowers' credit history and records, which will prevent the latter from borrowing a massive [...]