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Simplify Your Credit Card Debt Today
Struggling with multiple credit card debts? Our Credit Card Consolidation Loan simplifies repayment, reduces high interest rates, and structures your debts into clear, manageable installments. Regain control of your finances and protect your credit score with a single, straightforward repayment plan!
Frequently Asked Questions
How does a Credit Card Loan works?
If you're struggling to keep up with multiple credit card debts, a credit card consolidation loan from 1133 MoneyLenders can be a smart and effective solution.
• Consolidating your debts into a single loan:
• Helps you clear high-interest debts more efficiently
• Allows for easier tracking of repayments
• Reduces your risk of late payment fees
• Offers lower interest rates, saving you money in the long run
With just one monthly repayment, you’ll have better control over your finances—and less stress!
Who is eligible for Credit Card Loans?
To qualify for a credit card consolidation loan with 1133 MoneyLenders, you must meet the following requirements:
• Be a Singapore Citizen, Permanent Resident, or a Foreigner with a valid work permit
• Be at least 21 years old
• Be employed or self-employed
Meeting these criteria ensures a faster and smoother application process. If you qualify, apply today and take the first step toward becoming debt-free!
Can I Apply for a Credit Card Loan with a Poor Credit Score?
Yes, you can still apply for a credit card consolidation loan with 1133 MoneyLenders.
We understand that financial difficulties can happen to anyone, and we aim to support our borrowers—regardless of credit score.
What Is a Credit Score and Why Does It Matter?
A credit score is a four-digit number used by financial institutions and licensed moneylenders to assess the likelihood that an individual will repay their loan. It essentially reflects the level of risk a lender takes when offering a loan.
How Credit Scores Work in Singapore:
• Credit scores in Singapore range from 1000 to 2000
• Each score comes with a risk grade, from AA (lowest risk) to HH (highest risk)
Credit Score Risk Grade Loan Default Risk
1911 – 2000 AA Lowest
1844 – 1910 BB Low
1825 – 1843 CC Moderate
1000 – 1723 HH Highest
• A higher score (close to 2000) means you are more likely to repay loans on time
• A lower score (close to 1000) suggests a greater risk of default
What Affects Your Credit Score?
Credit scores are based on factors such as:
• Payment history
• Existing debts and loan amounts
• Length of credit history
• Number of recent credit applications
• Bankruptcy or litigation records
Is Credit Score the Only Thing That Matters?
No. While your credit score is important, 1133 MoneyLenders also considers:
• Your income level
• Length of employment or business history
• Any past or existing bankruptcies
Even if your credit score is less than ideal, we’re here to help you find a suitable loan solution.
Are Credit Card Loans good for my credit score?
A credit card consolidation loan allows you to repay your debts more efficiently—and at lower interest rates compared to standard credit cards.
By combining all your credit card balances into one manageable loan, you’ll simplify your finances and reduce the burden of multiple repayment deadlines.