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Old 13-05-2016, 02:32 PM   #1
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Credit Report Grade HH how Sia

Within the past two months, did a lot of financial shifting, from opening BonusSaver current account, to Maybank iSavvy plus account, den one Maybank Flexibiz account, and medical and retirement insurance.

But hor, at the same time applied many many credit cards, got 3 within two months. But the grade down to HH straight sia, yesterday just check. Everytime open bank account or go shopping, keep ask me register. But I plan two for normal usage, the other two (gt to sign up anyway due to NUSS and IEEE membership, part of benefits) for backup.

How long it takes for credit bureau to recover my grade? Till now all the new cards and cancelled $500 limit cards still not updated yet. Hv not over charged, not even more than 30% of credit limit.

Heard if I continue to keep paying CC bills with A records, the grade will bounce back within 3 months. True boh? If not how sia.
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Last edited by Lagu88; 13-05-2016 at 02:38 PM..
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Old 13-05-2016, 02:42 PM   #2
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Same as you, I also open a lot of accounts, apply many many credit cards, take funds transfers here and there, car loan, etc.. But just checked my credit rating is still AA with 1977 score for me. Don't know how the count one also.
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Old 13-05-2016, 02:48 PM   #3
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6 mths as average... Full record one year...

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Old 13-05-2016, 03:05 PM   #4
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Same as you, I also open a lot of accounts, apply many many credit cards, take funds transfers here and there, car loan, etc.. But just checked my credit rating is still AA with 1977 score for me. Don't know how the count one also.
some people dont tell you the entire story. just bits and pieces. the main reason for such low ratings is not highlighted.
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Old 13-05-2016, 03:15 PM   #5
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to have HH grading means that this person has serious problems in paying back whatever money he borrowed from banks and licenses moneylenders, including unsecured credit cards.

for CBR... banks may request for enhanced credit report if they wish to have more information about a particular applicant to aid them in their decisions.
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Old 13-05-2016, 03:19 PM   #6
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I opened alot of accounts, car loan, mortgage loan and took other financing.. I just checked my rating which still at AA score 2000.
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Old 13-05-2016, 03:46 PM   #7
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to have HH grading means that this person has serious problems in paying back whatever money he borrowed from banks and licenses moneylenders, including unsecured credit cards.

for CBR... banks may request for enhanced credit report if they wish to have more information about a particular applicant to aid them in their decisions.
Haha, no debt at all. All paid. Including any tuition fee loan or personal loan. Other loan hv not started.

Credit limit on all cards, < 30%.

Tracked the grades everytime, everytime applied one or two card (max 3), drop one grade, esp when it is lower than the middle grade. U wan all the reports, I still hv (free ma, every app gt 1 free).

Sometimes ppl just talk/accuse w/o any base or evidence de. Lai, I gt all the evidences.
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Old 13-05-2016, 03:48 PM   #8
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I opened alot of accounts, car loan, mortgage loan and took other financing.. I just checked my rating which still at AA score 2000.
All at one go within 1 to 2 months? Maybe it dropped, but den over time it bounced back bcuz you paid all debts monthly on time n credit card not more den 30% of credit limit. Tats why I am equiring hw long it takes to bounce back, and is it true they will bounce back.
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Old 13-05-2016, 03:51 PM   #9
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some people dont tell you the entire story. just bits and pieces. the main reason for such low ratings is not highlighted.
U want all the credit reports on hw it dropped over time after the CC app (u get free after every app, isn't it?), I still have. Hard black n white evidences. No evidence n accuse is all bs, hor.
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Last edited by Lagu88; 13-05-2016 at 03:59 PM..
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Old 13-05-2016, 04:07 PM   #10
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In your report, there is a part called Key Contributing Factors associated with this Rating, can share with us?

Also the adverse part if there is any
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Old 13-05-2016, 04:18 PM   #11
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Same as you, I also open a lot of accounts, apply many many credit cards, take funds transfers here and there, car loan, etc.. But just checked my credit rating is still AA with 1977 score for me. Don't know how the count one also.
I have alot of CC/credit lines but for supporting the promoters only.
all in the rubbish corner some forgotten some cutted...

recently alot of credit checks on CBS and still have solid ratings 1988 and earlier month of 1998 ...

I reckon as long got AA is good enough.
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Old 13-05-2016, 04:23 PM   #12
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To TS :

I also dunno how this CBS worked. maybe at the same time you are using too much credit facilities and not paid up since due date is not up yet while you applied another credit facility and use the credits...

i reckon these cbs report is just a report of what you own and borrow or credit lines etc ... does not reflects how much gold bars you have in your safe ...

i suggest you drop to cbs and find out and try to reinstate your ratings....

do share with us your findings so we can benefit from your experience ?
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Old 13-05-2016, 04:29 PM   #13
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To TS :

I also dunno how this CBS worked. maybe at the same time you are using too much credit facilities and not paid up since due date is not up yet while you applied another credit facility and use the credits...

i reckon these cbs report is just a report of what you own and borrow or credit lines etc ... does not reflects how much gold bars you have in your safe ...

i suggest you drop to cbs and find out and try to reinstate your ratings....

do share with us your findings so we can benefit from your experience ?
Thought credit score will get affected only if fail to pay by due date, no issue if pay before due date?
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Old 13-05-2016, 04:31 PM   #14
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In your report, there is a part called Key Contributing Factors associated with this Rating, can share with us?

Also the adverse part if there is any
For HH Grade (13 May 2016, 13 cards registration from 31 Mar to 12 May):

Bureau Score
Key Contributing Factors associated with this Rating
- Not Enough Clean History Marginally Increases Risk
- Credit Exposure Moderately Increases Risk
- Too Many Enquiries Marginally Increases Risk
- Delinquency Presence Greatly Increases Risk

Adverse
- No adverse information could be found on the subject.


For EE Grade (13 April 2016, 7 cards registration, 31 Mar to 12 April)

Key Contributing Factors associated with this Rating
- Not Enough Clean History Marginally Increases Risk
- Delinquency Presence Greatly Increases Risk
- Too Many Enquiries Marginally Increases Risk
- Immature Credit History Marginally Increases Risk

Adverse
- No adverse information could be found on the subject.

--------------------------------------------------------------------------------

This one counted (-2.07)? I oso doubt this one...

Aggregate Outstanding Balances
February 2016 Unsecured CC CIMB 0.00 0.00 -2.07 0.00
Unsecured CC DINERS CLUB 0.00 0.00 0.00 0.00
Total 0.00 0.00 -2.07 0.00

So, I go pay AXS for 2.07 (no CIMB bank account) in April, AXS say must pay min $5, so now CIMB bank owe me -2.93 (:p), still hv nt updated in report leh.

---------------------------------------------------------------

So (13 - 7) cards = 6 cards
EE - HH ~= 4 bands
6/4 = 1.5. so apply 1.5 (aka 2 cards) will drop 1 band from EE grades.

So, est if I did not apply 7 cards, my grade should up 7 / 1.5 ~= 4 bands up. Assuming it is harder to drop from grades above EE, lets make it 3 band.

So my initial grade shld be ard BB or CC.

Dunno hw long will bounce back leh.
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Last edited by Lagu88; 13-05-2016 at 04:41 PM..
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Old 13-05-2016, 04:35 PM   #15
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For HH Grade (13 May 2016, 13 cards registration from 31 Mar to 12 May):

Bureau Score
Key Contributing Factors associated with this Rating
- Not Enough Clean History Marginally Increases Risk
- Credit Exposure Moderately Increases Risk
- Too Many Enquiries Marginally Increases Risk
- Delinquency Presence Greatly Increases Risk

Adverse
- No adverse information could be found on the subject.


For EE Grade (13 April 2016, 7 cards registration, 31 Mar to 12 April)

Key Contributing Factors associated with this Rating
- Not Enough Clean History Marginally Increases Risk
- Delinquency Presence Greatly Increases Risk
- Too Many Enquiries Marginally Increases Risk
- Immature Credit History Marginally Increases Risk

Adverse
- No adverse information could be found on the subject.

--------------------------------------------------------------------------------

This one counted (-2.07)? I oso doubt this one...

Aggregate Outstanding Balances
February 2016 Unsecured CC CIMB 0.00 0.00 -2.07 0.00
Unsecured CC DINERS CLUB 0.00 0.00 0.00 0.00
Total 0.00 0.00 -2.07 0.00

So, I go pay AXS for 2.07 (no CIMB bank account) in April, AXS say must pay min $5, so now CIMB bank owe me -2.93 (:p), still hv nt updated in report leh.
Think mainly because of 13 cards in less than 2 months.
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