Personal Finance
Denied A Personal Loan? How To Improve Your Credit Score Now
By ValueChampion  •  July 15, 2021
The Credit Bureau Singapore (CBS) and the Moneylenders Credit Bureau (MLCB), collects and manages consumer credit data. They give each Singapore consumer a credit score that indicates how likely you are to default on your debts. Your credit score is important and will follow you throughout your life, playing a critical role in a lender's decision when offering or at times denying you credit. You can find your credit score for free by going to Credit Bureau Singapore and requesting a report of your credit history. The score will range between 1,000 and 2,000 and come with a letter grade (i.e. AA or HH). Those who fall below 1,723 are classified under the lowest grade and are considered a bad credit score. Credit ScoreRisk gradeProbability of Default1911-2000AAMin 0.00%, Max 0.27%1844-1910BBMin 0.27%, Max 0.67%1825-1843CCMin 0.67%, Max 0.88%1813-1824DDMin 0.88%, Max 1.03%1782-1812EEMin 1.03%, Max 1.58%1755-1781FFMin 1.58%, Max 2.28%1724-1754GGMin 2.28%, Max...
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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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