How To Improve Your Credit Score
Many people in Australia suffer from a bad credit score, and they don’t even know it. It’s not until you try to finance a new car or get a personal loan that you find out the banks consider you a liability. If you suffer from a poor credit score, here are some tips to help you change that for the better.

Find out your score
Firstly, you need a starting point, so that means finding out your credit score. In Australia, there are three main sources of finding your credit score:

· Equifax

· Experian

· Illion

These three reporting agencies will have different ways of finding out your score, so it’s best to pick one and visit their website for details. Once you have a copy of the report, you can work out exactly why you have a low score. It could be old debts, bankruptcy, types of credit you’ve applied for and many other factors.

Correct errors on your credit report
In some cases, you may find problems on your credit report that you don’t agree with. If this is the case, you should contact the credit reporting agency directly and ask them to investigate. If they find there has been an error, they will correct it. If they find the information is correct, however, you may need to contact the institution concerned, such as the bank or other lender.