Testing my credit score

Do you know that every activities that you do/will do that involve you borrowing money, might it be applying for loan, buying stuffs using installment or applying for credit card are governed by credit scoring system?

I don’t personally know how the calculate your score, but what I know, the more loan you have, the lower your score is. And if you have bad credit card payment history, it will surely give a -ve impact in your credit score, and so on. From the, how good or bad your credit score, will determine the successful of your next loan/installment/credit card application.

About 2 weeks ago, when I was shopping for my aircond at Jusco, I saw this Aeon/Jusco credit card booth everywhere. Hhhmm. I wonder how my credit score like? Lets give it a test by applying for this new credit card from Jusco (i.e the called Aeon now after Aeon acquired Jaya Jusco). Well. I have nothing to loose right. If not approved, it’s fine. If approved, then I have another credit card, and I don’t have to pay anything (for now). Anyway, the yearly fee is RM30. Not too bad compared to my other credit cards.

And Saturday last week, I received SMS from Aeon telling that my Jusco credit card has been approved. Yippe!!! Well, I’m glad it’s not because a have a few thousands more to spend, but because my credit score is still fine, will all the current credit cards that I own, installment that I made and latest, the loan that I made.

Hey. I’m a good debt payer you know. Hehehe… I never miss my loan payment, and never miss the appliances that I bought using installment (as I’m paying using auto-debit from my bank), and lastly for credit card.

This afternoon, my office’s reception called me that I have a registered letter downstair. So I went down, and get the letter.

And as I expected, it’s my new Jusco credit card.

But I really really really make a pact on this one, that I will never never never never never ever use this credit card. I will keep it in the envelope, and lock it away in my cupboard’s drawer.

I hope that it stays there and never need to be taken out from the envelope, and I will really make sure of that, except in the case of extreme emergency