How to check your credit score in Thailand?

How to Check Your Credit Score in Thailand

Maintaining a good credit score is crucial for financial stability. In Thailand, several options are available for checking your credit score.

1. Request a Report from Your Bank

Most Thai banks offer credit score reports for a fee of around 150 baht. To obtain a report, visit your bank branch and request a “credit bureau report.” The bank will then generate a report from the National Credit Bureau (NCB). The report will typically take a week to arrive.

Advantages:

• Convenient if you already bank with the institution.
• Relatively low cost.

Disadvantages:

• May take longer to receive the report.

2. Direct Request from the National Credit Bureau (NCB)

You can also request a credit score report directly from the NCB. To do so, visit the NCB website (https://www.ncb.co.th/en/) and create an account. Once your account is created, you can order a credit score report. The fee for a report is 400 baht.

Advantages:

• Fastest way to receive your report.
• Provides detailed information about your credit history.

Disadvantages:

• Higher cost compared to bank reports.
• Requires registration and account creation.

3. Use a Credit Score Monitoring Service

Several online services offer credit score monitoring in Thailand. These services typically charge a monthly or annual fee, but they provide access to your credit score and regular updates on changes.

Advantages:

• Convenient and automated.
• Provides regular updates on your credit score.

Disadvantages:

• Costs more than bank or NCB reports.
• May require providing personal information.

Tips:

• It is advisable to check your credit score regularly to monitor your financial health.
• Dispute any errors or inaccuracies on your credit report promptly.
• Maintain good payment habits to improve your credit score over time.