Credit Repair in Gold Coast

Myth 1: Nobody cares about credit scores anyway
This couldn’t be further from the truth. More and more banks, lenders and other credit providers are using your credit score to help them decide whether or not to lend to you, how much they should lend you, and at what interest rate. Your credit score might even stop you from getting approved for a mobile phone or electricity plan.

Myth 2: I can’t change my credit score
You sure can! There are many things that can be done to improve your credit score. Check out our range of credit repair Gold Coast solutions.

Myth 3: I don’t need to worry about my credit score until I get a loan or a credit card
Having a great credit score before you get a loan or credit card may give you the best chance at obtaining the lowest interest rate. We recommend checking your credit score before that big purchase just in case you need help improving it.

Myth 4: If I don’t have debt, I don’t need to check my credit score
This is a dangerous myth! Even if you don’t have any debt you should still check your credit score regularly! An unexpected change in your credit score may be an indicator that something dodgy is going on, the credit reporting agency may have recorded something incorrectly or your identity may have been stolen and someone has taken a loan out in your name.

Myth 5: You and your spouse share a credit score
It’s common to combine bank accounts and open credit cards together when you get married, but just because you’re joining finances does not mean you’re joining credit scores. Be aware though that if your partner misses or is late in repaying a jointly owned debt this might affect your credit score too.

Credit scores can seem complicated, but they don’t have to be. Understanding what your credit score means, and what actions you can take to improve your credit score, is a great first step to your financial freedom.