Are you struggling to manage your finances in Singapore? Do you feel overwhelmed by the number of credit cards and loans out there? Having a strong understanding of credit scores is essential to taking control of your personal finances. Your credit score can make all the difference when trying to qualify for a loan or line of credit, which is why it’s important to know how credit scores work in Singapore. This article will explore everything you need to know about credit scores, from what factors affect them, how to improve them, and which services you can use to monitor your score.

What is a credit score?

A credit score is a numerical representation of an individual’s overall creditworthiness. It’s essentially a ranking system used by lenders to determine whether or not you’re eligible for financing and how much interest you may be charged. In Singapore, credit scores are