Know your Credit Score
Know your Credit Score
Your credit score is used by lenders to assess whether you are financially fit. If you are not financially fit (you have a low or poor credit score) many lenders may not be prepared to lend to you or, they may charge a higher interest rate and fees to reflect the perceived higher risk.
Australia introduced Open Banking regulations in 2021. This means participating lenders must share your credit history with the credit reporting agencies. Lender use these reports to assess your credit history and repayment performance, that is, what loans you have (& have had) and whether your repayments (past & current) are on time.
You may request your credit score at any time through one of two agencies. We can obtain this for you, with your consent, and assist you to understand your score and its’ implications for your current and ongoing credit needs.
Poor Credit?
Life and business can have many twists and turns, some of which may adversely affect your credit score. A poor credit
score is not a life sentence. We can work with you to understand your credit journey, identify the pathway to rehabilitate
your credit score and find lenders that can assist you now and in the future.
Ask us to obtain your credit score on your behalf - Hit “Get in Touch” below
Warning: It is important to remember that if you request your credit score, it does not affect your score. However,
when a lender obtains your credit score (makes a credit enquiry) this is recorded on your credit report. Multiple credit
enquiries can adversely affect your credit score &/or a lender’s assessment of your credit worthiness.
