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Simplify Your Credit Card Debt Today
Struggling with multiple credit card debts? Our Credit Card Loan combines revolving balances into one loan with clear, fixed instalments and a set end date, so you can regain control of your finances. Every charge is capped by law: interest of up to 4% a month, an approval fee of up to 10%, late fees of up to $60 a month, and total charges that can never exceed the amount you borrow.
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 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
• Gives you a fixed repayment plan with a clear end date, instead of a balance that keeps revolving
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 banks and financial institutions to assess how likely you are to repay a loan.
How credit scores work in Singapore:
• Credit Bureau Singapore (CBS) scores range from 1000 to 2000
• Each score comes with a risk grade, from AA (lowest risk) to HH (highest risk)
• A higher score means you are seen as more likely to repay on time
What affects your credit score?
• Payment history
• Existing debts and loan amounts
• Length of credit history
• Number of recent credit applications
• Bankruptcy or litigation records
Is your credit score the only thing that matters?
No. 1133 MoneyLenders also considers your income, your length of employment or business history, and your record with the Moneylenders Credit Bureau (MLCB). Even if your credit score is less than ideal, we will look at your full picture.
Are Credit Card Loans good for my credit score?
A credit card loan lets you repay your debts in a structured way, often at a lower cost than letting credit card interest keep revolving.
By combining your credit card balances into one manageable loan, you simplify your finances and reduce the burden of multiple repayment deadlines. Repaying it on time also helps you keep a clean borrowing record.