Welcome to Credit Score Bootcamp

Welcome to Credit Score Bootcamp

Posted 24 July 2019. Categories: Credit Score Bootcamp.

  • Do you know your credit score?
  • Do you know the difference between your credit score and 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 may need a little spruce up.

No problem - we’re here to help.

It might seem intimidating at first, but knowing your credit score and understanding your credit file is really quite simple. Once you familiarise yourself with these two powerful tools they can help you unlock better financial choices.

At Harmoney for example, both your credit score and credit file help us determine the interest rate and amount of your personal loan.

So to help you financially upskill yourself, we’ve put together this Credit Score Bootcamp, that tells you how to find your credit score, how it’s determined, what it’s used for, and, most importantly, what you can do to improve it

We’ve arranged the following articles so you can gradually build up your knowledge, but feel free to jump in at any point that suits you.

We’ll keep adding to the hub so keep checking back - and if you have a question about credit scores - or any of the other subjects covered here just drop us a line.

Just one last note - Harmoney is not a credit bureau so we can’t tell you your score. We just want to help you have a good understanding of how to take control of your score.

So, let’s get started.

Step 1: Why your credit score matters

Step 2: Eight things you should know about your credit score right now

Step 3: Why you're more than your credit score

Step 4: What’s in your credit file?

Step 5: Understanding what impacts your credit score

Step 6: Nine ways to improve your credit score

Step 7: Fix your credit file

Step 8: Five credit score myths busted

Quick reference: Glossary of credit terms

For beginners: How to build a good score from scratch

Extra credit reading:

Five things you didn’t know impacted your credit score

Ask the Expert: Harmoney's Dave Nesbitt