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Credit Score Articles

Articles and information about credit scores

Jodie Humphries

Personal Finance Editor

Does having a credit card improve credit score?

Having a credit card is important for establishing and building a credit history. But you need to use this financial tool sensibly so that it doesn’t cause any negative impact on your credit score.

Credit Score

28 Oct, 2023

4 min read

Does having a credit card improve credit score?
Jodie Humphries

Personal Finance Editor

Does closing accounts affect your credit score?

When closing credit accounts, check how it affects your credit score. It may not always affect your credit score, but you need to consider a few factors.

Credit Score

25 Oct, 2023

3 min read

Does closing accounts affect your credit score?
Alex Ritchie

Personal Finance Editor

How to tell if it’s a scam: these are the tell-tale signs

Between recent data breaches at major retailers including Optus and Medibank, and the influx of scam text messages and emails, you may be looking to increase your knowledge on how to tell if something is a scam or not.

Credit Score

25 Oct, 2023

8 min read

How to tell if it’s a scam: these are the tell-tale signs
Jodie Humphries

Personal Finance Editor

What to do if your credit score dropped for no reason

If your credit score has dropped, consider finding out why. There may be a good explanation, but if it’s an error or fraud, you’ll need to get it fixed.

Credit Score

23 Oct, 2023

4 min read

What to do if your credit score dropped for no reason
Jodie Humphries

Personal Finance Editor

How does mortgage affect credit score, and credit score affect mortgages?

When buying a home you may wonder how your mortgage affects your credit score. Check your credit report to know how a mortgage affects your credit score.

Credit Score

21 Oct, 2023

5 min read

How does mortgage affect credit score, and credit score affect mortgages?
Jodie Humphries

Personal Finance Editor

How to cancel your credit card without hurting your score

Since your credit score is based on your current as well as past financial transactions, cancelling a credit card may impact your credit rating.

Credit Score

20 Oct, 2023

3 min read

How to cancel your credit card without hurting your score
Mark Bristow

Personal Finance Editor

How will debt consolidation affect my credit score?

If you have more debts than you can comfortably afford to repay, consolidating these debts into a single loan may not have an immediate effect on your credit score. But if consolidating your debts can help you build healthy financial habits, it’s possible that this could lead to your credit score improving over time.

Credit Score

17 Oct, 2023

4 min read

How will debt consolidation affect my credit score?
Jodie Humphries

Personal Finance Editor

What factors affect your credit score?

Learn how you can achieve and maintain a good credit score by paying attention to a few crucial factors.

Credit Score

08 Oct, 2023

4 min read

What factors affect your credit score?
Jodie Humphries

Personal Finance Editor

How can I get my free credit report?

Checking your credit report gives you insight into how lenders view you as a borrower. You can get a free credit report from any of the reporting agencies.

Credit Score

07 Oct, 2023

3 min read

How can I get my free credit report?
Peter Terlato

Personal Finance Editor

Can credit card denial hurt your credit score?

When you apply for new credit, a lender will typically perform a credit check in order to determine your risk and reliability. This will likely involve a hard inquiry into your credit history. But does the denial or success of these applications affect your overall credit score?

Credit Score

02 Sep, 2023

4 min read

Can credit card denial hurt your credit score?
Alex Ritchie

Personal Finance Editor

How often should you check your credit score?

Whether you’re a young Australian looking to build your credit history, or you’ve recently seen your credit score drop and are working to boost it, there’s several reasons you may be monitoring your credit score. Let’s explore how often you may want to check your credit score and credit history.

Credit Score

19 Aug, 2023

3 min read

How often should you check your credit score?
Vidhu Bajaj

Personal Finance Writer

Do credit inquiries impact my credit score?

Your credit score is a three-digit number representing how much of a risk you could pose to lenders when opening a new line of credit. It’s determined by applying some complex algorithms to the information in your credit file, which is essentially a record of your financial history.

Credit Score

18 Aug, 2023

6 min read

Do credit inquiries impact my credit score? | RateCity