As a guide, a borrower should consider his debts to be past due if he does not pay the minimum amounts due under his credit cards and unsecured credit facilities by their respective due dates. He can estimate the duration for which he is past due by computing the number of days that have elapsed since the due date for the minimum amount to be paid.
A borrower can also contact his FIs, or check his credit reports, to determine the number of days for which his debts are past due. The status of a credit card or unsecured credit facility that is 60 to 89 days past due will be indicated as “C” in the borrower’s credit bureau report from Credit Bureau (Singapore) Pte Limited, while the status of an account that is 90 days or more past due will be indicated as “D”. The status of a credit card or unsecured credit facility that is 60 to 89 days past due will be indicated as “60” in the borrower’s credit bureau report from DP Credit Bureau Pte Ltd, while the status of an account that is 90 days or more past due will be indicated as “90”.
