Last updated: 

If I can’t pay my bills what penalties will be directed out to me?

What if I am having financial problems and can’t quite get to pay my outstanding credit card bills or I make overdue payments, what will be done to me and how can I better manage the situation?

User comments

  • user image

    No Name

    Non-repayments or overdue repayments of credit card bills will be reflected in your credit report and could adversely affect you when you apply for a new loan. A credit report contains records of an individual’s credit payment history (including bankruptcy records) and is issued by a credit bureau gazetted by the Monetary Authority of Singapore to members of the credit bureau when they make enquires about an individual applying for credit. A credit report that shows defaults or late payments – even 30 days late - might lower your chances of getting a loan or require you to pay a higher interest rate for a loan. You can take the following steps if you have problems managing your debt; contact your creditors immediately and request to work out a payment plan that can help reduce your payments to manageable levels, pay off high interest rates debts first, transfer debts with high interest rates to cheaper alternatives, reduce credit card expenses and cash advances

    2019.08.01 6:40

Please leave your knowledge and opinion!

Recommending Forums


What can I expect from the Maybank DUO Platinum MasterCard membership?

Maybank DUO Platinum Mastercard

Related Forums


What is the best unlimited mobile data plan in Singapore?


What skills should I have to be a good investor?


WHat is the cheapest unlimited mobile data plan in Singapore?

I'm looking for an unlimited mobile data plan that is cheap and reliable. I already have one which offers me Unlimited data and unlimited call and SMS but I'm currently on a budget and I don;t really call or send SMS so I'm looking for a low priced but reliable unlimited mobile data plan with adequate speed.


What is HSBC's personal loan in brief?

HSBC Personal Loan


What are the characteristics of a bond?


How do I notify my landline provider my change of address?

Related Reviews


Zero Travel Related Online Merchants

The Citi SMRT card is a pretty decent card for spending but they unfortunately exclude travel related online merchants. This to me is the downside of the card and may be a reason to get another card for travel websites.

Citi Prestige Card / Citibank Singapore


Customer care service at top notch

This is my first credit card and I was pleased with the process as the application was absolutely stress free and smooth with customer care service at top notch. I actually felt taken care of and it appeared I could rely on customer care service for virtually any issue. Plus they have a simple tracking system of cashback rewards, with a good App and web UI/UX.

American Express True Cashback Card / American Express International


Poor Customer Service

I am quite very disappointed with this card as I have never received the vouchers for all the points I have accumulated so far. I have on several occasions made complaints via the phone and even in person, but all to no avail. I would not recommend this card to anyone for this reason, i have to say unfortunately.

Citi Rewards Card / Citibank Singapore


Pleasant Rewards

In my opinion, this card is one of the best cards in the market especially as there are no expiry date to miles earned and an amazing 2 VIP airport lounge access. I love the fact that the card can be used for major big ticket items and to clock mileage. Redemption can be done easily without hassle and customer service staff are very helpful

Citi PremierMiles Visa Card / Citibank Singapore


Fee waivers and No transfe fees

The AMEX Express Singapore Airlines Solitaire PPS Credit Card gives a First Year Fee Waiver for you to enjoy and also for your supplementary card members. In addition there are no transfer fees and all the KrisFlyer miles you can earn are directly transferred automatically to your KrisFlyer account with no transfer fee. I would recommend this card for these few reasons which could really make the difference.

American Express Singapore Airlines Solitaire PPS Credit Card / American Express International


Looking to maximize on the number of priority pass visits and other privileges

If you are like me an HSBC Premier client and also a frequent traveller that can maximize the number of priority pass visits, limo and meet-and-assist services as well as your supplementary cardholders too, then this is the card for you. The reduced general mile earn rate is worth the trade-off for the unlimited priority pass memberships, as well as the high number of limo and meet-and-assist services that you can use.

HSBC VISA Infinite Credit Card / HSBC Bank Singapore