Debt Consolidation Loan for Bad Credit Score in Singapore
Worried that your poor credit score is stopping you from getting help with your debt? You’re not alone — and the good news is, there are solutions available.
At Trillion Credit, we believe everyone deserves a second chance. That’s why we offer debt consolidation loans for borrowers with bad credit scores in Singapore. Whether you’ve missed repayments, maxed out your credit cards, or are struggling with multiple loan obligations, we’re here to help.
💳 What Is a Bad Credit Score?
In Singapore, your credit score (provided by Credit Bureau Singapore) is a four-digit number ranging from 1000 to 2000. The lower your score, the higher your perceived credit risk. Common reasons for a bad credit score include:
- Missed or late loan repayments
- Overuse of credit limits
- Defaulted loans
- Multiple open credit facilities
But having a poor credit rating doesn’t mean your options are over — especially when it comes to licensed moneylenders who offer personalized solutions beyond just your credit history.
✅ What Is a Debt Consolidation Loan (‘DCL’)?
A debt consolidation loan allows you to combine multiple unsecured licensed moneylender loans into a single loan with one manageable monthly repayment.
For borrowers with bad credit, this offers a real chance to:
- Stop the snowballing of late fees and high interest
- Avoid debt collectors and legal letters demanding payment
- Regain control of your finances with a clear repayment plan
- Reduce your monthly repayment to an affordable level
📉 Can I Get a Debt Consolidation Loan with a Bad Credit Score?
Yes, you can.
While banks may reject borrowers with bad credit scores or poor credit, professional Licensed Moneylenders like Trillion Credit assess more than just your credit score. We look at:
- Your current monthly income
- Your existing financial obligations
- Your ability to repay under a new loan structure
So, even if you have:
- Previous defaults
- Late payment history
- Multiple ongoing loans
👉 You may still qualify.
Why Choose Trillion Credit?
We understand that bad credit doesn’t make you a bad person — just someone who needs support. Here’s why our clients choose us:
✔️ We accept bad credit applicants
✔️ Fast, friendly, and confidential assessments
✔️ Customized repayment plans
✔️ Lower monthly instalments
✔️ Licensed by the Ministry of Law
✔️ Award winning Licensed Moneylender
📋 What Documents Do I Need?
To apply for a debt consolidation loan with a poor credit score, simply prepare:
- Proof of Identity – NRIC or Work Pass
- Proof of Income – Latest Pay slips (1-3 months), Latest CPF Contributions, Latest NOAs
- Outstanding Loan Details – Loan statements, CBS Report, MLCB Report
- Proof of residence – e.g., utility bill, tenancy agreement (only applicable for foreigners)
We’ll review your case and propose a solution that works for your situation — no judgement, just help.
🛑 Don’t Wait Until It’s Too Late
Every month you delay, your debts grow, and your credit score worsens. The sooner you act, the more options you’ll have. Even with a bad credit history, you can still:
- Stop juggling multiple bills
- Lower your monthly payments
- Start improving your credit score with on-time repayments
📞 Speak to our Loan Consultants Today
If you’re searching for a debt consolidation loan despite your bad credit score, let us assess your situation and guide you to a better path.
✅ 100% confidential
✅ No obligation consultation
✅ Fast response within 24 hours
📱 Call us at 65090111
📝 Or apply now at https://trillioncredit.com.sg/apply-for-loan/
Ready to Take Control of Your Finances? Contact Us Today!
🔍 Frequently Asked Questions (FAQs)
Can I still get a loan if I have defaulted before?
Yes you may still qualify, depending on your current repayment capacity and financial standing. We assess your present situation more than your past mistakes.
Will applying affect my credit score?
No. Enquiring or applying for a consultation with us will not affect your credit score.
Can I consolidate both bank and moneylender debts?
A debt consolidation loan (‘DCL’) from a licensed moneylender is meant to consolidate unsecured licensed moneylender loans.
If you wish to consolidate bank debts, you may apply for a personal loan with us instead.
