At some point in most Singaporeans’ lives, they would inevitably have to take out a bank loan—be it to buy a house, a car, set up a business, pay for their higher education or their kids’ education. In times of emergency when a large amount of cash is required, personal loans may also be necessary. Having an AA grade credit risk makes it easier for one to qualify for such loans when needed. Not having a good credit score can even deprive one of those financial products. So how do you get that AA grade credit score? Read on to find out. How Is Credit Score Determined? In Singapore, one’s credit score is determined by an algorithm that tracks your credit usage. For a fee of S$6, any Singaporean can obtain their credit report reflecting their credit grade) from the Credit Bureau of Singapore (CBS). The credit score risk grades are as below....