Equifax has some simple steps to help you keep your credit report healthy:
- Pay your loans and bills on time - Consider setting up direct debits and schedule loan repayments for your pay day.
- Keep track of your credit commitments - Do your homework before applying for credit and keep track of your credit commitments. Making a number of applications within a short space of time will be recorded on your file and is not always looked upon positively by lenders, as it may be an indicator that you're in credit stress.
- If you move house, notify lenders - advise lenders, phone and utility providers of your new address so they can re-direct bills to your new address. If you don't pay these bills, a credit infringement or overdue debt could be listed on your credit report.
- If you are having trouble meeting repayments - talk to your credit provider who may assist.
- Keep track of your credit record - proactively manage your personal credit report by regularly checking your Equifax credit report and Equifax Score. You can even monitor changes through credit alerts. Please note your Equifax Score is available via our other Equifax personal credit and identity monitoring services. Find out more here. You can get also get your free Equifax credit report.
Here are some simple tips to help avoid a default:
- Pay your bills on time – set up direct debits or schedule repayments for your pay day
- Keep track of your credit commitments – do your research before you apply and only apply for credit when you really need it
- Notify credit providers when you move address
- If you are struggling to make repayments speak to your credit provider
- Get a copy of your Equifax credit report and Equifax Score. Don’t be scared to find out what’s on it as it ultimately could save you money
An Equifax credit report is the detail of your credit history to date whereas a score is simply a number which is derived from the information on your credit report. Your Equifax credit score is not part of your credit report and is generated at a point in time.
Your credit score (Equifax Score) is a number between 0-1200 that summarises the information on your credit report.
Your credit score is calculated based on the information held on your credit report at a given point in time.
Generally, the higher your credit score, the better your credit profile. Banks and other lenders can use credit scores to as part of determining whether an applicant qualifies for a loan. Your credit score can also play a part in the terms of the loan including the borrowing limit and the interest rate.
My Credit File from Equifax does not include a credit score.
You can visit Equifax and choose from a range of products that include your credit report, credit score and additional features to help manage your credit profile and protect your identity.
Find out more about Credit Reports, Scores and Credit Alerts.
You can also get a copy of your Equifax credit report for free.
The Equifax My Credit Alert service is no longer offered to new customers (If you’re an existing My Credit Alert customer find out more here). If you’re looking for a credit alert service you may consider one of our other subscription services which offer a credit alert.
Equifax Identity Protect – An identity theft protection and detection service to help you safeguard your identity. Detect if your personal details are being traded on the dark web with Identity Guard insurance in the event you have been the victim of identity theft.
Equifax Credit Protect – Get on top of your credit profile and protect your identity. Keep track of your Equifax credit report and Equifax score. You’ll get your Equifax credit report monthly, Equifax Score monthly along with an Equifax Score Tracker and the top four contributing factors. And then there’s credit monitoring through alerts to help protect your credit reputation.
Credit & Identity Protect – Proactively manage your credit profile with a monthly Equifax credit report and Equifax score with our most comprehensive credit and identity consumer subscription plan. Find out the key factors that impact your Equifax Score and track it over time. Plus help safeguard your identity with credit alert and identity monitoring. We’ve also got you covered with Identity Guard Insurance.
Free credit report - You can get a free copy of your personal Equifax credit report provided you have:
- been declined credit in the last 90 days; or
- had an item corrected on your Equifax credit report; or
- not applied for a credit report during the previous 12 months
If you don’t meet the criteria for a free Equifax credit report you can get a once-off credit report for $6.95 (currently available for free).