一听你说完，立刻去找，原来credit card也不好申请了，才cancel了个ready credit lineSINGAPORE: The Monetary Authority of Singapore (MAS) has finalised changes to credit card and unsecured credit rules aimed at improving lending practices by financial institutions and enabling individuals to make better borrowing decisions. The policy changes follow a public consultation in which respondents generally supported the proposals, said MAS in a statement on Wednesday. According to the key policy changes, financial institutions will be required to review a borrower's total debt and credit limit before granting a new credit card or unsecured credit facility, or increasing the credit limit on such facilities. This would enable a more realistic assessment of an individual's borrowing capacity. Secondly, financial institutions are required to disclose to borrowers the total amount and time needed to fully pay off their debts if they pay only the minimum payment each month. Financial institutions are also to disclos (more...)