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.
If you have been declined credit it can be a frustrating experience. Here are three simple steps you can take to find out why and to make improvements to apply in the future.
For anyone juggling payments and bills from various essential service providers, from electricity and phone connections to rent or a mortgage, getting on top of their credit score may feel like a looming goal. However, with a few changes, you can begin to repair an unfavourable credit report.
There are many mysteries surrounding what affects your credit score. Take a look at these three commonly believed myths that could catch you out.
Investing in property is extremely popular among Aussies. See how you can benefit from it if your credit file isn't up to scratch.