What’s your credit score?

A new initiative, GetCreditScore, has launched as part of MoneySmart Week.

What’s your credit score?

To coincide with MoneySmart Week, a new initiative, GetCreditScore.com.au, has launched today. With the aim of empowering Australians with information, the website allows immediate and free access to your credit score for the first time.

Credit scores are used by credit providers, such as banks and credit card companies, to assess an individual’s credit risk and to determine who qualifies for a loan, at what interest rate and what credit limits apply.

Credit scores have been widely used in most developed economies, such as England and the United States, for decades allowing individuals to access credit and negotiate better terms from banks and other lenders. As of today, Australians can now benefit in the same way, by becoming informed, finding out their score and pushing for a better deal.

MoneySmart Week is Australia’s biggest initiative promoting the importance of financial literacy. To find out what your credit score is, simply visit GetCreditScore.com.au and fill in some basic information.





    COMMENTS

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    particolor
    2nd Sep 2014
    12:13pm
    If You cant pay Cash for it ! You Don't need it !!
    Adrianus
    2nd Sep 2014
    3:00pm
    If you don't need it then you need to stop wanting it! The desire to have it is driving the need for credit. Marketing and sales techniques have become so advanced that a person can suddenly realise they need a whole lot of stuff.
    particolor
    3rd Sep 2014
    9:00am
    I don't have to have what Jones'ys got !! And it don't seem to make Jonesy that happy either, with that Credit Card Bill ??
    dougie
    2nd Sep 2014
    12:42pm
    When did families start getting into trouble? When easy credit was made available through Bankcard and then expanded into other credit facilities. At first no charge for the card and reasonable interest rates then an annual fee and interest rates that are usurous. A recipe for individuals and families spending outside their limits to purchase items or services that they could well do without.
    Use credit wisely - ie. pay in full each month, or cut up the card.
    particolor
    2nd Sep 2014
    12:52pm
    Did that 10 Years Back and Never Looked Back !!
    cookie47
    2nd Sep 2014
    1:10pm
    Out of interest I tried to use this service.After many attempts it would not accept my address of 25 years.(its still searching).
    Bren
    2nd Sep 2014
    1:12pm
    Yes there's a bug with address checking and then you can't proceed to get your score. Until it's fixed it's useless.
    cookie47
    2nd Sep 2014
    1:15pm
    Thanks Bren
    particolor
    2nd Sep 2014
    1:21pm
    Desperate and Penny less ??
    Pass the Ductape
    3rd Sep 2014
    7:13am
    I tried to find out my details as well and all I get is advice that I appear to have entered my details incorrectly! Hmmmm... I hope this isn't just a scam to get personal details.
    Willo
    2nd Sep 2014
    1:33pm
    Still searching for my address as well - Given up.
    particolor
    2nd Sep 2014
    2:35pm
    Homeless and Bewildered !!
    Cheezil61
    2nd Sep 2014
    4:32pm
    Page wont load!, so cannot do this check unfortunately!
    page says
    "WE'RE SORRY!

    We are currently experiencing some issues due to overwhelming demand for this service.
    We’re working hard to address these and you should be able to get your scores again soon.
    Thanks for your patience!"
    particolor
    2nd Sep 2014
    4:37pm
    Sorry and Crying !!
    normie 39
    2nd Sep 2014
    7:44pm
    I have always used Cash and have never had a credit Card. When buying Online
    I use a Bank Transfer or a Money Order.

    No problems with paying bills as B-Pay is within my six Free transactions each month as long as I have a balance of $1000.

    Have done this for Twelve Years......with no problems.

    Norm 39
    particolor
    2nd Sep 2014
    7:54pm
    1 Gorilla and Safe !!
    margw5
    2nd Sep 2014
    10:20pm
    The worst credit companies are the ones who state you can borrow "interest" free for up to so many years, but you still have to pay admin and other such fees.
    I have an "emergency" credit card for $1,000 which has no annual fee, but it also doesn't come with any benefits, which doesn't worry me. I've only used it once in the last two years.
    Migrant
    2nd Sep 2014
    11:18pm
    "Such as England and the United States". ...do you know the result of the Scottish referendum already, and is England on its own, or did you mean UK ?
    Migrant
    SC
    3rd Sep 2014
    1:03am
    This works if you are using Google Chrome. My score was excellent, probably because I don't live on credit. I agree with particolor - cash is the best option.
    Cheezil61
    3rd Sep 2014
    7:59am
    Hi SC, How did you find the link that tells you the score?. I have finally been able to open the page (after many attempts failed saying heavy use or something) but now cannot not find where to get my personal score, only the ratings/what the scores mean (ie Very Good thru to Fix It)..
    particolor
    3rd Sep 2014
    8:53am
    Yes and I just spent some !! And I don't owe a peanut to nobody !!
    Cheezil61
    3rd Sep 2014
    3:50pm
    Who is particolor & what are they trying to say ? Does not seem to relate to anything just random comments?
    Abby
    4th Sep 2014
    9:40pm
    SC
    Just wondering if your score is excellent - are you worth a loan ??? Heh! Heh!
    Kato
    5th Sep 2014
    11:52am
    Sometimes he takes the high road some times he takes the low road.
    Kato
    5th Sep 2014
    11:53am
    Why does anyone need to check there credit score?
    particolor
    5th Sep 2014
    12:39pm
    Beats Me ?? A simple Yes or No would do !!..
    Anonymous
    6th Sep 2014
    7:34am
    Some years ago I send a lot of personal information to my superannuation fund. They were supposed to return to me once sighted. They say they did this but I never received them and they have been lost, stolen, destroyed, who knows.

    When this facility became available to check your credit rating I did this to check on whether someone may have stolen my identity unbeknowns to me and ruined my credit rating. Thankfully this has apparently not happened.

    5th Sep 2014
    6:13pm
    Pleased with our result and both of us the exact same score.
    Migrant
    6th Sep 2014
    7:45am
    You were lucky radish
    My managing director and his retired wife both applied for credit cards, she was allowed one on the strength of his rating, but he was declined.
    Our company switched credit card provider immediately.
    Anonymous
    6th Sep 2014
    5:33pm
    Yes, I was indeed lucky Migrant. I think is a good idea to check your rating; just in case something funny may be going on and you could take further action.
    Simon4944
    13th Aug 2016
    3:28am
    I came across a credit score email online when I was in need for an increase of my score after having issues with lexington law and bieng ripped 3 times by so called hackers when i was hopless. Creditscorehq@qualityservice.com helped me increase my score instantly . they were fast. I can always recommend people with any type of credit issues to them they can increase your score fast.Trust me you will thank me