Come across a letter today from Citibank, offering 8x credit limit of monthly
income. I am surprised and wonder if this credit ease makes any financial sense.
Few weeks ago, I was asked by a client to provide financial credit report of my
company from Dun and Bradstreet for a project. These two incidents lead to curiosity
on my very own personal credit ratings.
I then come to know that we can actually buy our personal credit report from
the Credit Bureau of Singapore (CBS). Call me ignorant, but it is something I
never really pay much attention to previously. 
Here is the website
For S$6.42, you can purchase your own Credit report using your singpass via electronic payment.
Your credit report is a record of your credit payment history
compiled from different credit providers. CBS will provide credit data to its
members (credit providers such as banks etc) to help them to determine whether or not the person
applying for credit is a good credit risk. Examples of credit applications includes credit card, motor vehicle loan, housing loan etc. In doing this, lenders can make
better lending decisions quickly and objectively. 

Credit Score

Attach to each Credit Report is a
Credit Score.
A Credit Score 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
A CBS Credit Score is a
four-digit number based on your past payment history on your loan accounts.
The score range from 1000 to
2000, where individuals scoring 1000 have the highest likelihood of defaulting
on a payment, whereas those scoring 2000 have the lowest chance of reaching a
delinquency status. Together with the score, the risk grade and risk grade
description are provided.
Your credit score is just one
factor used in the application process. Other factors apart from your credit
report, such as your annual salary, length of employment, bankruptcy/litigation
information, number of credit facilities may also be taken into consideration
by lenders during a loan application. Below is a table describing

My Credit Score

My credit score is 2000 with an AA
. This is the maximum possible score with a 0.27% chance of defaulting
I was not surprise to have a high
credit rating, but maximum score still left my eyes and mouth wide open for a while. I thought, I will have to sing some praises to myself for maintaining a 100% clean credit records.   

This may be one of the reasons why I
received so many telemarketing calls on loan offerings!  Below you can find extract of my credit report. 

Also Did you know…..


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33 thoughts on “My Credit Report from CBS

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