Why should you conduct a credit check?

Like it or not, banks, lenders, phone companies and electricity providers share a person’s financial information with each other.

All this information is held in a database known as a Credit Report.

Everyone who has ever applied for a loan, credit card, a lease, mobile phone contract or any other type of finance has a Credit Report.

In this Credit Report there is a three- or four-digit number those banks use to approve a loan…it is called a Credit Score.

The higher the credit score, the lower the interest rate. So, check your credit file.

Even One Missed Payment Could affect Someone’s Credit Score for 2 to 5 Years!

It does not matter if someone is a nice person or if they pay most of their bills on time…

One simple slip up could reduce someone’s Credit Score and cost thousands.

What type of things can affect someone’s Credit Score?

❌ Moving address
❌ Switching banks or credit cards
❌ Changing phone numbers
❌ Changing email address
❌ Changing jobs
❌ Travelling overseas
❌ Debt collector chasing for payment
❌ Unpaid Tolls
❌ Applying for finance or credit
❌ Or just forgetting to pay a bill

The worst part is this information can negatively affect someone’s Credit Score and Credit Report for up to 5 years!

Call Credit Mend Australia today on 1300 425 610 for your Obligation free credit file assessment!

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