GET TO KNOW YOUR CREDIT SCORE.

Take control of your credit and use your score to save.

WHAT IS A CREDIT SCORE?

 

Your credit score is a number calculated from information in your credit report at a point in time. Credit reporting bodies such as Veda assemble credit reports based on information like your outstanding credit and your payment history.

When you apply for a loan or a credit card, lenders will generally ask credit reporting bodies for your credit report and may use your credit score to help decide if you qualify for credit and to assess the risk of lending to you. Your score could help determine whether you can borrow, how much you can borrow, and at what rates.

WHY USE THIS SITE?

 

It's fast and completely free

You can obtain your credit score immediately online. No payments or credit cards required.

It's confidential

The personal information you provide is only shared with Veda and no one else. Ever.

No impact on your credit report

We perform a "Soft Touch" credit enquiry on your behalf that doesn’t negatively affect your credit report.

GET YOUR FREE CREDIT SCORE NOW

 

We just need some basic information to access your credit score

PERSONAL DETAILS

IDENTIFICATION

CURRENT ADDRESS

SECURE & CONFIDENTIAL
This is a secure GetCreditScore service that links directly with Veda (the credit bureau) to obtain your credit score. Your personal information will not be shared with any third party without your consent.

UNDERSTANDING YOUR CREDIT SCORE

 

GetCreditScore features the VedaScore credit score used by hundreds of lenders and credit providers in Australia. The score is dynamic and changes over time. For example if you make an application for credit with a lender, your score may change depending on the nature of the loan and the amount of the loan.

A VedaScore falls in a range between 0 and 1200. The higher your VedaScore, the better your credit profile and the better you may appear to credit providers. Below are the Veda rankings to help you understand your relative position and credit strength against other Australians.

833-1200 EXCELLENT You’re in the top 20% of Veda’s credit-active population, suggesting it’s HIGHLY UNLIKELY that an adverse event could harm your credit report in the next 12 months. Your odds of keeping a clean file are 5 times better than Veda’s average population.
Action - Leverage your score
  • Seek out the best deal using your excellent credit score.
  • See if you're eligible for greater rewards, lower rates and lower fees.
  • You may also have greater borrowing capacity.
726-832 VERY GOOD Your VedaScore suggests it's UNLIKELY that you will incur an adverse event in the next 12 months that could harm your credit report. Your odds of keeping a clean credit report are 2 times better than Veda's average credit-active population.
Action - Leverage your score
  • Refinance and consolidate more expensive debt.
  • Check your credit report regularly to monitor where you stand.
  • Get a better rate on personal credit; negotiate rewards and lower fees.
622-725 GOOD Your VedaScore suggests it's LESS LIKELY you will incur an adverse event that could harm your credit report in the next 12 months. Your odds of keeping a clean credit report over this period are better than Veda's average credit-active population.
Action - Leverage your score
  • Consolidate expensive debt into a low-interest loan with fixed repayments.
  • Check your credit report regularly to monitor where you stand.
  • Use your score to get better rates on unsecured debt, including credit cards.
510-621 AVERAGE If your credit score range is Average, your VedaScore suggests it's LIKELY that you will incur an adverse event such as a default, bankruptcy or court judgment in the next 12 months.
Action - Improve your score
  • Pay your loans and bills on time. Use direct debits on payday. Work out payment plans with credit providers.
  • Avoid making many applications in a short period of time.
  • Review your credit report for free as soon as you're denied credit.
0-509 BELOW AVERAGE If your credit score is Below Average, you're in the bottom 20% of Veda's credit-active population, suggesting it's MORE LIKELY that you will incur an adverse event such as a default, bankruptcy or court judgment in the next 12 months.
Action - Repair your score
  • Request and review your credit report.
  • If there are inaccuracies, contact the credit provider or credit reporting body to correct them.
  • If you're in hardship, seek out a financial advisor or work out a payment plan with credit providers.
 
 

MYTHS vs. FACTS

 

Increasingly, financial services providers, telcos and even utility companies that access your credit report are also requesting your credit score. Banks, lenders and other credit providers may take this score into account when deciding whether or not to extend you credit.

MYTHS vs. FACTS

 

Your score relates to your creditworthiness, based on specific information held in your credit report at a given point in time. Different institutions may use different scoring methodologies. The VedaScore is a score from 0 to 1200 – the higher your score, the better your creditworthiness is likely to be.

MYTHS vs. FACTS

 

Knowledge is power and proactively managing your credit is a good way to stay on top of your financial position. You may have to improve your score, which can be useful before you apply for credit.

MYTHS vs. FACTS

 

Actually, credit reports do not contain credit scores. This information is provided separately. Veda provides consumers with a credit score called VedaScore. To obtain your free credit report, contact Veda.

MYTHS vs. FACTS

 

Your income has no bearing on your credit score or your credit report. It's not even reported to the credit reporting bodies.

 
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MYTHS vs. FACTS

 

Increasingly, financial services providers, telcos and even utility companies that access your credit report are also requesting your credit score. Banks, lenders and other credit providers may take this score into account when deciding whether or not to extend you credit.

ABOUT US

 

GetCreditScore.com.au is a destination where you can check your credit score, absolutely free.


We're a consumer-friendly company looking to help more Australians learn about their credit. GetCreditScore is an initiative developed by SocietyOne, Australia's leading Peer-to-Peer lending platform. Getcreditscore.com.au uses VedaScore, the credit score developed by Australia's local and leading credit bureau Veda.

This site is powered by SocietyOne.

FAQ'S

 

We’re here to help! If you don’t see the answers you’re looking for in the frequently asked questions below, please contact us.

What is a Credit Score? What is a VedaScore?
Your credit score is a number that represents the information contained in your credit report. It attempts to give creditors an idea of how financially responsible you are. GetCreditScore features the VedaScore provided by Veda and used by hundreds of lenders and credit providers in Australia. Your VedaScore is a credit rating between 0 and 1200 summarising the information in your credit report into one easy to understand number.
How do I find out more about my VedaScore?
To find out more information about your VedaScore and the items on your credit report that contributed to it, get in touch with Veda.
What if I don't agree with my VedaScore?
If you don't agree with your VedaScore, it may be because information on your credit report is inaccurate. You have the right to have it corrected. If you think that there is a mistake, you should contact the Veda Resolution Centre.
Why don't I have a VedaScore?
There could be several reasons why we may be unable to return your VedaScore. It may mean that you don't have an active credit report in Veda's database or it may simply mean that you have insufficient information on your credit report. Other reasons why a VedaScore may not be generated are:
  • Bankruptcy
  • Personal Insolvency Agreement
  • Debt Agreement
  • Discharged Bankruptcy
  • Discharged Personal Insolvency Agreement
  • Discharged Debt Agreement
Who is Veda?
Veda is Asia Pacific's leading data intelligence and insights company and custodian of consumer credit information for over 45 years. It is one of largest, most comprehensive and current data sources in Australia and New Zealand including information on over 16 million individuals, 1.9 million companies and 1.7 million business names – more than any other organisation in Australia. VedaScore is built on Veda's extensive database by experienced local analysts and is the most predictive credit bureau score in Australia.
What is an Access Seeker?
Under amendments to the Privacy Act 1988 which came into effect in March 2014, organisations acting on your behalf to retrieve your credit information are known as Access Seekers. As an Access Seeker, GetCreditScore can make a credit enquiry on your behalf, without negatively affecting your credit score. This enquiry is recorded as a File Access and is only disclosed to Access Seekers and yourself.
What does Soft Touch mean?
Soft Touch is an approach by which GetCreditScore acts on your behalf to request your credit score, without negatively impacting your credit report. The request will be noted on your credit report as a File Access. Typically when you apply for credit, your credit report is checked, leaving a hard enquiry on your report. The number of hard credit enquiries in your report is one of the different contributing factors that could adversely impact your credit report and your credit score. A File Access is a record of access made by Veda. It can only be seen by you and Veda, with no impact on your creditworthiness.
How often can I access my VedaScore using the GetCreditScore service?
This service allows you to access your VedaScore a total of 3 times a year, with a maximum of 2 times in one month.
Why do you need my personal details and driver's licence?
The information we request helps us identify you and also get the most accurate match for you in Veda's database. That means that by combining your name and driver's license number, for example, we have a much higher probability of getting an exact match for you than by using other parameters.
What if I don’t have a driver’s licence or Australian passport?
If you don't have a driver's licence or Australian passport, GetCreditScore will not be able to confirm your identification and retrieve your VedaScore.
Do you keep my personal details?
GetCreditScore provides you with a free credit score in return for the right to store your personal details and make those personal details available to SocietyOne and VEDA with your consent. Your details are never shared with any other third party without your consent.
Will my personal details be shared or used for direct marketing purposes?
GetCreditScore provides you with a free credit score in return for the right make those personal details available to SocietyOne and VEDA with your consent. SocietyOne and Veda may contact you about relevant offers, unless you have opted out of direct marketing from that entity. Your credit score will never be used to determine if an offer is relevant to you or for any other direct marketing purpose.
Will my credit score be shared or used for direct marketing purposes?
Your credit score will never be shared or used for direct marketing purposes by GetCreditScore or any related entities.
How can I opt out of direct marketing?
You can opt-out of direct marketing by clicking the unsubscribe link in any emails you receive from GetCreditScore or by contacting us directly. If you opt-out of direct marketing, we may still contact you via email for administrative purposes or on your request.

If you would like to opt out of direct marketing from SocietyOne or Veda – you can do so at any time by contacting each entity directly.
What's in my credit report?
Your credit report contains your credit history: a record of credit-related financial information such as:
  • overdue debts
  • the number of credit enquiries made in the last five years
  • the number and type of lenders you have approached for credit
  • the type of credit account open and close dates and credit limits
  • monthly repayment history information
  • bankruptcy, personal insolvency
  • any court judgments and court writs and
  • your personal contact information, such as your residential address.
Comprehensive credit reporting is an opt-in system and information such as account open and close dates, credit limit, account type and repayment history is only included in credit reports if it's supplied by credit providers.
Can I get my credit report?
This service does not assist you to obtain your credit report. You can use this service to obtain your VedaScore a total of 3 times a year, with a maximum of 2 times in one month. However, you can obtain your credit report direct from Veda. You are legally entitled to obtain a copy of your credit report for free, delivered in 10 days, in the following circumstances:
  • Once every 12 months;
  • If you have been declined on a credit application, you have the right to access
  • your credit report free during the 90 days following the date you were declined;
  • If your request relates to verifying that information has been corrected on your credit report.
What is an adverse event?
An adverse event is considered to be a default, court judgment or writ, bankruptcy or personal insolvency.
Why do credit enquiries affect my credit report?
When you apply for credit or a service, the relevant credit provider may check your credit report, leaving an enquiry on your report. Credit enquiries affect your credit score. A relatively high number of enquiries within a short period of time could adversely affect your ability to get credit. As an Access Seeker, GetCreditScore acts on your behalf through a Soft Touch credit enquiry, with no negative impact on your credit report or your credit score.
Who can access my credit report?
Under the Privacy Act 1988, credit reporting bodies can disclose information contained in your credit report to organisations such as credit providers, mortgage insurers, trade insurers and agents of credit providers (authorised agents). You also have the right to access your credit information and can appoint someone acting on your behalf to obtain the information. Where you, or your authorised person, access the information, they are known as Access Seekers and their enquiries don't impact your credit report. Hard enquiries from authorised agents acting on behalf of credit providers however, will be noted on your credit report and are disclosed to other credit providers.
FURTHER INFORMATION
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WE'D LOVE TO HEAR FROM YOU!

For FAQs click here. If your question is about your credit report or the information in your credit file please contact Veda. If your question is about our service or an error message you received please send us a note. We will respond to your enquiry as quickly as possible.