Although a higher credit limit may sound desirable, it might lead you to spend beyond your means. Keeping your limit lower can reduce the temptation to overspend while still providing borrowing power in case of emergency…
When you borrow money from a lender, this is called a drawdown. In most cases, the full amount of the loan is drawn down all at once to pay for the property…
In Australia, companies prefer that you use your driver’s license to identify yourself when requesting a credit score. While other companies may accept your passport or Medicare card, it’s driver’s license that is the best form of identification…
Your credit score is one of the most important numbers in your life. Despite this, a lot of people avoid checking their scores because they’re afraid of what they might find. In reality, there are a lot of benefits to knowing your credit score and taking steps to improve it…
Usually, when you apply for the card, your credit limit will be predetermined by your issuer depending on various aspects like income, current debts and your credit history…
Knowing your credit score is crucial to maintaining a good financial standing. A high credit score will allow you to make large purchases, take out loans with lower interest rates, and potentially receive rewards from certain companies.
Mortgage arrears happen when you miss repayments on your credit, like a home loan, multiple times. If this happens consecutively and the lender can’t contact you, they might declare a default…
A guarantor agreement is when the applicant of a loan has another person take responsibility for repayments if the original applicant defaults…
Are you curious about what’s in your Equifax credit report? Wondering why your score is what it is? In this article, we’ll teach you how to read an Equifax credit report and understand the information it contains.