Credit Scoring
	Credit scoring is a system used by lenders to determine whether or not you are creditworthy. It is more heavily used when you apply for unsecured credit, including credit cards. Creditors collect information about you and your credit standing from your credit application and through Credit Bureau (Singapore) Pte Ltd. The information may include your bill-paying history, the number and types of accounts that you have, late payments, collection actions, whether you have applied for credit recently, outstanding debt and how long you have had existing accounts.

If you already have a lot of debt and are applying for more credit, the creditor may consider you to be over-extended and may deny your application. Your debt-to-income ratio would be the basis for their rejection because they may believe you might not be able to handle additional payments based on your income and existing obligations.

If you have applied with several lenders within a short time, each may have accessed your credit report and their inquiries are recorded in your file. Some lenders may reject an application if the credit report shows an excessive number of inquiries.