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- Guide to managing debt
What is a credit score?
Your credit score is a numerical score that represents how creditworthy you are, or in other words, a number that demonstrates your reputation as a borrower. The higher the score, the more creditworthy you appear.
What range of credit scores are considered 'good'?
The higher the better when it comes to credit scores and based on the scoring system you'll receive through Finder, above 700 is a very good score and above 800 is considered excellent.
How is it different to a credit report?
A credit report contains the nitty-gritty detail of how a credit score is calculated. Along with your date of birth, driver's license number and contact details, a credit report includes details of any credit product you've held or applied for., your repayment history, defaults on bills and loans and any bankruptcies or debt agreements.
What can I do with a good credit score?
A good credit score puts you in a strong financial position in several ways including giving you more negotiating power when applying for a loan, an increased borrowing capacity and a better chance of being approved for a loan or credit card.
How often can I check my credit score and report?
As many times as you like! Your credit score will be updated once a month, or whenever something on your file changes (if you've opted into our credit file monitoring service).
Negative actions that can affect your credit score
How can I improve a bad credit score?
How can I fix errors in my credit report?
If you find any errors on your credit report or see something that shouldn't be there, you should contact Experian immediately to request to have it removed. Learn more.
