💳 I have been planning to leave my job since last year, determined to
move forward regardless of whether I secure another position.
To ensure I’m starting this new chapter debt-free, I checked my credit rating to confirm I have no outstanding or unknown debts.
Though I was confident I had none, I wanted to be absolutely certain. So, I paid S$8 to request my credit report from Credit Bureau Singapore (CBS).
The primary purpose of a credit rating is to provide lenders with an objective measure of your likelihood to repay debts.
It consolidates your credit behavior—repayment history, credit utilization, and the number of credit accounts—into a single score, offering a snapshot of your financial reliability.
To ensure I’m starting this new chapter debt-free, I checked my credit rating to confirm I have no outstanding or unknown debts.
Though I was confident I had none, I wanted to be absolutely certain. So, I paid S$8 to request my credit report from Credit Bureau Singapore (CBS).
The primary purpose of a credit rating is to provide lenders with an objective measure of your likelihood to repay debts.
It consolidates your credit behavior—repayment history, credit utilization, and the number of credit accounts—into a single score, offering a snapshot of your financial reliability.
Last year (2024), I scored a BB grade, which puzzled me since I had fully
paid off my HDB loan in 2023.
This time, however, I achieved an AA Risk Grade, the highest rating possible!
This reflects an excellent credit history, with consistent, timely repayments, low credit utilization, and a robust financial track record.
Seeing that AA grade felt like receiving an outstanding report card after years of diligently clearing debts and avoiding new ones—a rewarding milestone that filled me with pride.
While an AA grade means I could easily qualify for larger loans or additional credit cards with favorable terms, I’m determined to steer clear of that debt cycle.
I have no plans to upgrade my HDB or venture into entrepreneurship.
Instead, I’m focused on maintaining financial freedom and exploring new possibilities.
Did you know that in Singapore, your credit score can also influence job prospects, especially in finance-related roles?
Employers may check your credit report to assess financial responsibility, making a strong score like AA a hidden asset in your career journey!
This time, however, I achieved an AA Risk Grade, the highest rating possible!
This reflects an excellent credit history, with consistent, timely repayments, low credit utilization, and a robust financial track record.
Seeing that AA grade felt like receiving an outstanding report card after years of diligently clearing debts and avoiding new ones—a rewarding milestone that filled me with pride.
While an AA grade means I could easily qualify for larger loans or additional credit cards with favorable terms, I’m determined to steer clear of that debt cycle.
I have no plans to upgrade my HDB or venture into entrepreneurship.
Instead, I’m focused on maintaining financial freedom and exploring new possibilities.
Did you know that in Singapore, your credit score can also influence job prospects, especially in finance-related roles?
Employers may check your credit report to assess financial responsibility, making a strong score like AA a hidden asset in your career journey!