Q/A1

By Michael Yeoh, financing consultant

Augustin Kong@Jinjang: A few years ago, I defaulted substantially on my credit card payments. I am now clearing them slowly on a regular basis. Will this affect my future bank loan application for a property?

RED: After one year, it should be okay to apply again after you have cleared the outstanding balance. By Michael Yeoh, financing consultant

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Q/A1

Augustin Kong@Jinjang: A few years ago, I defaulted substantially on my credit card payments. I am now clearing them slowly on a regular basis. Will this affect my future bank loan application for a property?

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