Welcome to 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 might 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 up-skill yourself, we’ve put together this Credit Score Bootcamp. It will tell 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.