- 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 a 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 in an order to gradually build up your credit score knowledge - and fitness, but feel free to jump in at any point that suits you.
We’ll keep adding to the bootcamp programme so keep checking back - and if you have a question about credit scores - or any of the other subjects covered here, feel free to drop us an email.
Just one last note - Harmoney is not a credit reporter 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 and the information that determines it.
Let’s get started.
Step 1: Why your credit score matters
Step 3: You're more than your score
Step 4: What’s in your credit file
Step 8: Ten ways to improve your score
Step 9: Rehabilitating your credit file
Step 10: Five credit score myths busted
Extra credit reading:
Harmony's Dan York talks to NZME's Cooking the Books podcast with Frances Cook about how to fix a bad credit history.
Harmoney's Dan York chats about the importance of credit scores on TV3's The Cafe