Do you know your credit score?
Do you know the difference between your credit score and your credit file?
Do you know what a defaulted payment is?
Can you name two things that might negatively impact your credit score?
Here’s one more question: did you answer no to any of the above?
If so, your credit score knowledge might need a quick refresh.
No problem — we’re here to help.
It might seem intimidating at first, but understanding your credit score and credit file is actually quite simple. Once you get familiar with these two powerful tools, they can help you make better financial decisions.
At Harmoney, for example, your credit score and credit file play a role in determining your personal loan interest rate and how much you can borrow.
To help you build your financial knowledge, we’ve created this Credit Score Bootcamp. It will guide you through how to check your credit score, how it’s calculated, what it’s used for, and — most importantly — what you can do to improve it.
We’ve structured the following articles so you can build your knowledge step by step, but feel free to jump in wherever suits you.
We’ll continue adding to this hub, so check back regularly. And if you have a question about credit scores — or anything else covered here — feel free to get in touch.
One final note: Harmoney is not a credit bureau, so we can’t provide your credit score directly. Our goal is to help you understand it and take control of it.
So, let’s get started.
