Credit Rating – What is it and How Can you Improve It?

Credit Rating – What is it and How Can you Improve It?

Credit rating systems are used by lenders to help predict the likelihood of a customer repaying a debt. They exist solely to maximise company profits, by helping to eliminate customers deemed as a poor investment.

Being classified as a ‘poor investment’ doesn’t necessarily mean that you are viewed as unreliable. For example, credit card companies may reject your application if you have a habit of repaying (more…)

Can You Really Protect Your Credit Rating?

Can You Really Protect Your Credit Rating?

your credit rating is basically your personal finance history, whatever accounts and forms of credit you’d had in the past and any missed payments, defaults or notices on those accounts are marked on your credit rat (more…)

Improving Your Credit Rating – Part 2

Improving Your Credit Rating - Part 2

Following up on last week’s article, “Improving your Credit Rating – part 1”, this week will take you through a few more steps to build up, improve or maintain your credit rating.

1) Order a copy of your credit report

It’s wise to order a copy of your credit report every year in order to monitor any activity and changes.  There are a few reasons why you should do this annual (more…)

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