Credit Score Improve

To see your credit score improve, it helps to first understand the factors that influence it. 

GetCreditScore can help you start monitoring your credit health without negatively affecting your credit score. We can give you access to your credit report overview so that you can make changes and have your credit score improve steadily. Take advantage of our interactive dashboard to review relevant information about your credit score and understand how credit providers view you. 

We also provide hundreds of special offers on financial products and services, such as personal loans, home loans, car loans, and credit cards, to get you back on track. Moreover, we use encryption and identity verification technology to keep your information safe and secure. Sign up today!

How to check credit score online?

GetCreditScore lets you check your credit score and credit report overview in just a few clicks. Our registration process is fast to complete so that you can start monitoring your credit health right away and do what’s necessary to improve your credit score.

Maintaining a record of your credit report overview lets you assess your eligibility for loans and credit cards. It also allows you to identify and address potential errors in the document to see your credit score improve over time. Sign up now!

What are the benefits of having a good credit score?

A credit score is a number calculated by credit bureaus to gauge your borrowing capacity. This number is usually the first thing credit providers consider to assess your eligibility for their products and services. It is also one of the crucial factors that they take into account when deciding what interest rate to charge you.

A good credit score entitles you to competitive rates for loans, mortgages, and credit cards. It can also help you get approved for rental properties and insurance policies.

Your Equifax Credit Score is based on a scale of 0–1200. To make a simple reference, we’ve put together this score range explaining their implications – keep in mind that the range for each is an approximation since these numbers change periodically.

Excellent (≈853–1,200): The people in this credit score range are among the top consumers in Australia. They are highly unlikely to experience an adverse event that can harm their credit for the next year and have stronger chances of getting better terms when they apply for a loan.
Very Good (≈735–852): Those who score in this range are twice as likely to keep a clean credit report as the average consumer for the next year. They are also unlikely to experience an adverse event during the same period.
Good (≈661–734): The people in this credit score range are more likely than average and below-average consumers to keep a clear report for the next year. They are also less likely to experience an adverse event than consumers in the lower ranges.
Average (≈460–660): Those who score in this range are likely to experience an adverse event, such as a default or bankruptcy within the next year.
Below Average (≈0–459): The people in this credit score range are more likely to experience an adverse event that can harm their credit within the next year than consumers in the higher ranges.

No idea what your credit score is? Let us help you find out!

GetCreditScore takes care of all the heavy lifting while you relax. We can help you obtain your credit score and credit report overview within minutes. You can then use the information to make adjustments to see your credit score improve dramatically. Sign up today!

How can I improve my credit score?

The Comprehensive Credit Reporting (CCR) system gives you more control to influence your credit score so you can look for ways to fix bad credit. This updated system enables credit providers to understand your financial standing better using more extensive information like positive financial habits in your credit report.

The CCR system includes the following information as part of your credit report:

Credit account history: This information covers your active credit accounts, their dates of issuance, and their maximum credit limits. 
Repayment history: The information represents your credit account payments over the past two years. It also highlights delays or defaults in repayments you might have received and the dates you paid them in full.

If you are keen on seeing how to boost credit score in the coming months, consider the following tips:

Automate your repayments: It is important to keep track of your repayments to show your creditors that you are trustworthy. You can set up direct debits for your bills online to avoid overdue charges or set calendar reminders to ensure that you never miss a payment again. 

Minimise your debt-to-credit ratio: You can substantially reduce your credit card and loan debt balances by paying at least double the minimum amount due. You should also work on paying off any outstanding loans and debts.

Avoid short-term unsecured loans: Try to limit your number of unsecured loans since credit providers may see them as a sign of financial distress.

Close inactive credit card accounts: You can boost your credit score by closing credit card accounts that you no longer use. 

Examine your credit report: Make sure your credit report is free from errors, such as a lender or a debt that you do not recognise. If you find errors in your report, address them immediately to see your credit score improve and prevent unnecessary payments. 

Start putting these tips into practice and watch your credit score improve in no time. Sign up with us to get your credit score and credit report overview today!

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.