Credit Bureau is now able to generate a report which includes aggregate credit limits and aggregate outstanding credit balances.
Aggregate credit limits are maximum amounts of credit that can be granted by lenders to the consumer. Aggregate outstanding balances are amounts that are outstanding under a consumer’s credit cards or other credit facilities. This includes amounts from unbilled interest-free instalment payment plan.
I have been using the reports generated by Credit Bureau as part of the fact finding exercise when doing financial planning for my clients. For a fee of just $6.42, it provides a high level view of my clients’ credit history. Now that it contains aggregate credit limits and current outstanding, my life is now made much easier.
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