Valentine’s Day is of course, all about love. It may signify a new beginning with a loved one, or play a part to strengthen bonds in a relationship that’s becoming more serious. Many choose this date to pop the big question – yes, Valentine’s Day is the single most popular day for marriage proposals.
Considering the level of commitment required in serious relationships, some thought should be given to certain important matters, such as your credit health. It’s best to start right, especially if you’re planning to take the next big step in your personal life, such as getting engaged or married. According to a prominent psychiatrist, the leading cause of divorce in Malaysia is financial problems.
So, how do you get your credit health in good shape? How do you even start?
Here are some quick tips:
1) Check your MyCTOS Score Report
Your MyCTOS Score Report will display other types of credit information besides your CTOS score. For instance, it will show the types of loans you have, outstanding debts, if you’ve missed payments in the past, if there are litigation proceedings against you and so on. It’s crucial to go through your credit report carefully. Also, be sure to check for any incorrect or inaccurate information in the report.
Your CTOS Score is a 3-digit number that represents your creditworthiness to banks and lenders, so you’ll need to know where you stand before you go any further. Your score is a good indicator of what correctional steps you’ll need to take to improve your credit health.