Your Credit File, be scared no more.

Banks and other lenders use your credit score to decide if they feel you are a good or bad risk. Knowing what is on your credit file can help you understand why a lender might reject your application or get a great deal.

Your credit score is calculated:  

• the amount of money you’ve borrowed
• the number of credit applications you’ve made
• whether you pay on time

The score will be between zero and either 1,000 or 1,200. A higher score basically means lenders consider you less of a risk.

You have a right to get a copy of your credit report for free every 3 months and I highly recommend you get a copy at least once a year.

Jump online and get a credit score for free from an online credit score provider, such as Equifax Credit Simple, Finder Canstar

Let us know how you went getting your credit file.