This is one of the many posts that was sitting in draft mode for a long long time. Taken from Credit Bureau Singapore - What Is A Credit Score? Firstly, what is a credit score? It is a number used by lenders as an indicator of how likely an individual is to repay his debts and the probability of going into default. It is an independent assessment of the individual's risk as a credit applicant. This will affect your credit card application, mortgage/home loan, etc. You can refer to the detailed explanation from our Credit Bureau. Next, how do I find out what's my score? You will need a credit report and there are 2 ways to get it: You can either purchase your report at a price of $6.42 inclusive of GST or you can get a free credit report whenever you apply for a credit card. Interesting old (2015) statistic...