By MoneyBees
Turn your Credit Bureau Singapore score into its AA to HH risk grade and default probability, see what CBS says moves it, and check when enquiries, defaults and bankruptcy leave your report.
Credit Bureau Singapore scores run from 1000 to 2000. AA, 1911 to 2000, is the best grade, with a probability of default of 0.27% or less. BB covers 1844 to 1910. HH, 1723 and below, is the weakest, at 3.48% or more.
Each grade from AA to HH stands for a range of scores and the probability of default CBS links to it. AA is the lowest risk and HH the highest. Lenders use the grade alongside the rest of your report.
These grades have no score. HX means a public record such as a writ or bankruptcy. HZ means an account 90 days past due or written off with S$300 or more owing. GX, BX and CX mean too little active credit to score.
CBS lists late payments, how much credit you use, recent new credit, the length of your credit history, the number of accounts open, and new loan applications. Prompt payments help, and CBS uses 12 months of repayment conduct.
No. CBS says self-enquiries do not affect your score, and neither do reviews by a bank on a loan you already have. Applications for new credit add an enquiry that lenders see.
Enquiries stay for 2 years. Closed accounts show their payment history for 3 years after closure. Settled defaults stay 3 years from the settlement date. Bankruptcy stays 5 years after discharge. Unsettled defaults stay indefinitely.
Buy it online from Credit Bureau Singapore for S$8 before GST. It is free within 30 days of a member bank's letter approving or rejecting your credit application.
No. CBS does not publish its scoring formula. This checker maps your score to CBS's own grades and dates your records; the direction of each factor comes from CBS's guidance.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).