Checking your credit report is the first step in taking control of your credit status in Cambodia. By checking your credit report you will see the same type of information lenders, landlords and employers see, if that information is not correct you will be able to request the CBC to change the information as required so it provides an accurate picture of your credit status.
Whenever you apply for a new credit card, loan or extension of credit, in Cambodia the potential lender must check your credit report with the CBC prior to making a decision to extend you the facility or not. By checking your credit report you will be better prepared to secure credit.
By ordering your credit report you will be able to
- Have the ability to dispute incorrect credit data
- Learn about your credit report and what risk level you are
- What factors raise and lower your CBC credit worthiness
You can request your credit report once each year free of charges from the CBC. The ideal time to use the credit report is before you are about to apply for a loan, credit card or other lending facility.