What is considered a good credit score? What is a bad credit score? If you want to know what your credit score is? Read our full guide to understanding your credit report?
In this series, we've tackled the credit health topic, helping you understand all things credit! In this post, we're looking at how the MyFincheck Credit Score Tool will help you build a better financial future!
In this post, we're looking at common misconceptions and questions people have about their credit scores.
By managing your credit profile effectively, you can ensure your image and profile is kept to a high level of quality and is viewed favourably by lenders or other organisations when they decide whether to lend to you.
In this post, we'll dig a bit deeper into your credit report and where all this information comes from!
Simply put, a credit score reflects a score summary of all your financial decisions. It is often used by lenders, such as home loan and personal loan companies, to make accurate decisions on whether they should lend to you or not.
Fincheck is a financial comparisons website that organises information to assist the borrower in making their best financial decision.
Fincheck gathers information from numerous banking partners and presents it to the borrower in a simple, understandable way. Lenders benefit from an additional market place and extensive customer reach. Loan amounts vary from lender to lender. Fees, interest rates, loan amounts and credit scores influence the repayment terms. Lenders require personal details to control their risk and assist the government to combat theft, money laundering, terrorism. Fincheck does not endorse any particular product or company. We are an independent company. The information shown and provided is an opinion, based on numbers and must not be seen as advice or consultation.
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