If you are wondering how to check credit score without hurting your rating, we have the solution!

GetCreditScore is a convenient online tool that gives you an overview of your credit report and highlights the main factors impacting your credit rating. You may think your credit report is clean, but defaults from several years ago can remain on your record and affect your current rating.

Use our platform to monitor your financial health and gain more control over your rating. You can also make sense of the information in your report to determine your eligibility for credit. At GetCreditScore, we make it easy for you to gather information on how lenders view you. Moreover, our members get exclusive offers on premium credit products and services, including personal loans, car loans, home loans, business loans, credit cards, and insurance policies.

GetCreditScore uses the latest encryption and identity verification technologies to protect your information. We provide the easiest way to check credit score online. Sign up today!

What are the factors that make up your credit score?

Equifax is a leading credit reporting bureau that organises, assimilates, and analyses data relating to the credit records of consumers in Australia. The company uses proprietary algorithms to calculate your credit score from the data in your credit report – a document that contains extensive information about your credit history.

Your credit report keeps track of factors that affect your credit score, including your repayment history, credit applications, defaults, and court judgements concerning debts and bankruptcies. Equifax makes it readily available to lenders whenever you apply for a new loan or credit card. The lenders then use it to verify your identity and evaluate your eligibility. 

Having an overview of your credit report prevents any surprises when you apply for credit products and services. It also gives you the necessary information to negotiate fair terms and conditions. Take advantage of our service that allows you to check credit score online!

The Comprehensive Credit Reporting system is part of the legal framework in Australia. This system essentially mandates the addition of positive credit information to your credit report to provide a clearer picture of your financial standing. It also gives you more control over your credit score since it includes your repayment history. That means you should see your credit score improve if you keep up with your credit obligations. 

The following are some of the factors that can affect your credit score:

• Credit enquiries: A credit enquiry is added to your credit report each time you apply for a loan or credit card. The algorithms may take consecutive credit enquiries as a sign of financial distress and hurt your credit score, so you should try to avoid applying for multiple credit lines in quick succession. 
• Credit provider: The type of credit provider making an enquiry on your report impacts your credit score to varying degrees. That means an alternative lender may have a more significant effect on your rating than a bank or credit union.
• Credit type: The type of credit you apply for – be it a loan, a credit card, or an insurance policy – has different implications on your credit score according to their risk level.
• Default information: Maintaining a good credit score involves avoiding defaults, clearouts, and serious credit infringements.

Sign up with us so you can check credit score now!

What are the advantages of having a good credit score?

Your credit score is the first thing lenders consider when assessing your application for their products and services. That means your chances of approval are significantly higher if you have a good credit score. It also entitles you to competitive interest rates since it indicates to lenders that you are reliable as a borrower. 

Unsure how your credit score stands today? Take advantage of our check credit score online service!

GetCreditScore can produce a copy of your credit report overview in a matter of minutes. You can then take measures to boost your credit score using the information on your credit history.

The following are two simple tips to help you increase your rating:

Automate your repayments

The easiest way to improve your credit score is to stay on top of your repayments. You can set up direct debits or schedule calendar reminders to ensure you never miss a payment again. 

Examine your credit report

Make sure there are no errors on your credit report when you check credit score. If you notice a suspicious entry, inform the credit provider and have it addressed immediately. These mistakes happen more often than you think!

How to check your credit score?

Equifax has a credit report record if you have ever applied for credit. We can help you obtain an overview of your credit report and your credit score right now! Just fill out a quick sign-up form, and we can handle all the work for you.

Our entire registration process takes only a few minutes so that you can start checking your file right away! You can then use the information to evaluate your eligibility for credit products and services.

GetCreditScore can give you exclusive access to special offers on personal loans, car loans, home loans, business loans, credit cards, and insurance policies. We only work with the most reputable lenders in Australia to help you achieve your financial goals. So sign up now and enjoy the many benefits we have in store!

Disclaimer: The information contained in this article is general in nature and does not take into account your personal objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate to your circumstance before acting on it, and where appropriate, seek professional advice from a finance professional such as an adviser.