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Can MAS direct a licensed credit bureau to amend the records in my credit report, such as shortening the data retention period?

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Source: https://www.mas.gov.sg
A credit report is a consolidation of factual information that reflects the credit status of a borrower. A licensed credit bureau and its members (for example, banks) are the main contributors and users of the report. Therefore, they are responsible for deciding matters such as the type of information and retention period of information to be shown in the report.

You should approach the licensed credit bureau or your financial institution if there are errors in your credit report.

This information provided here is sourced from the MAS website.


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