Credit Score Articles

Do fines affect your credit rating?

Have you been hit with a fine? You may be curious to know whether a fine will be recorded on your credit history and if it could affect your credit score.

Does refinancing a loan hurt your credit score?

Refinancing your loan can be an effective way to consolidate your debt and reduce your interest costs. But does it affect your credit score?

What credit score do you need to finance a motorcycle?

If you’re looking to purchase a motorcycle but will be relying on a vehicle loan to do so, you will need to meet the lender’s eligibility criteria to gain approval. Generally speaking, this will involve having a credit score in the ‘good’ to ‘excellent’ range.

What is comprehensive credit reporting?

Comprehensive credit reporting is a system which includes both positive and negative information on a person’s credit file, to make credit reports fairer and more accurate.

How often does your credit score change?

The frequency at which your credit score changes will depend on how often a bank, lender or service provider offers this information to credit bureaus, and how often a credit bureau assesses your individual credit history and payment behaviour. 

How often does your credit score change?

The frequency at which your credit score changes will depend on how often a bank, lender or service provider offers this information to credit bureaus, and how often a credit bureau assesses your individual credit history and payment behaviour. 

Does breaking a lease affect your credit score?

If you break a lease early in Australia, and follow all the requirements in your lease, it should not affect your credit score - only your bank account. But if you fail to pay any final rent amounts or fees, your credit score could take a hit.

How to tell if it’s a scam: these are the tell-tale signs

Between recent data breaches at major retailers including Optus and Medibank, and the influx of scam text messages and emails, you may be looking to increase your knowledge on how to tell if something is a scam or not.

How does a court judgement affect your credit score?

A court judgement can negatively impact your credit score for up to five years. Learn how to remove the judgement after repaying the debt.

How will debt consolidation affect my credit score?

If you have more debts than you can comfortably afford to repay, consolidating these debts into a single loan may not have an immediate effect on your credit score. But if consolidating your debts can help you build healthy financial habits, it’s possible that this could lead to your credit score improving over time.

Can credit card denial hurt your credit score?

When you apply for new credit, a lender will typically perform a credit check in order to determine your risk and reliability. This will likely involve a hard inquiry into your credit history. But does the denial or success of these applications affect your overall credit score?

Do credit inquiries impact my credit score? | RateCity

Your credit score is a three-digit number representing how much of a risk you could pose to lenders when opening a new line of credit. It’s determined by applying some complex algorithms to the information in your credit file, which is essentially a record of your financial history.

Where to get your credit score for free

Your credit score offers an indication of how credit-worthy you are, and how likely you are to pay your debts on time. If you’re seeking an efficient and safe way to discover your credit score, sign up for a free inquiry.

How to improve your credit score

If you’re serious about getting your financial health into shape, a great place to start is with your credit score.

Does being denied a mortgage hurt your credit score?

Having your home loan application rejected can impact your credit score but it is not the end of your property buying journey. Discover your next steps after a mortgage rejection.

Can your credit score impact how and when you're approved for a credit card?

Your credit score can significantly impact how and when you are approved for a credit card. By better understanding your credit score you may boost your chances for credit card approval.

Is it possible to correct credit report errors? | RateCity

Any incorrectly listed information, like a payment default, on your credit report can pull down your credit score. Here’s how you can stay on top of your credit by regularly checking your credit report.

Can a credit card help build your credit file and credit score?

Building up your credit score from scratch can make a big difference to your financial future. While you may not need to borrow money to start your credit history, successfully applying for a credit card and managing its payments could potentially make a big difference to your credit score in a relatively short length of time.