April 13, 2021 Pexels What is a credit score and how does it impact your financial health? A credit score is a four digit number determined by your credit history that indicates to banks and lenders how reliable an individual is at repaying debt. Managed by the Credit Bureau of Singapore (CBS), this four-digit number ranges between 1,000 to 2,000 (AA rating of 2,000 being the best) and is an aggregation of your credit history across different banks and financial institutions. Having a high credit score is essential to a stable financial life and achieving your long-term finance goals. Your credit score is an important factor considered by banks and financial institutions when you apply for credit cards and loans.