A credit score , or credit rating, is a number used to assess how trustworthy you are as a borrower.
Lenders use this score as part of their assessment to determine if you’ll be approved for a loan, how much money they’ll lend you, if you can afford the loan repayments and what interest rate you qualify for.
Get your credit score in a few minutes, for free from:
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Credit reporting agencies: |
An online credit score provider such as: |
If your credit score needs help, ASIC MoneySmart provides suggestions .