GetCreditScore empowers Australians to get a better deal

With the launch today of GetCreditScore.com.au, Australians are able to get a snapshot of their credit score, empowering them with information to help negotiate better credit terms.

Credit providers such as banks and credit card companies, use credit scores to assess an individual’s credit risk and to mitigate potential losses due to defaults. Increasingly, credit scores are used to determine who qualifies for a loan, at what interest rate, and what credit limits.

Financial campaigner and GetCreditScore spokesperson Christopher Zinn welcomed the launch – which helps empower consumers. “Credit scores are becoming increasingly important for Australians, yet most people would not know their score. It is time now for consumers to get informed, find out their score and start pushing for a better deal,” Mr Zinn explained. “GetCreditScore.com.au puts the power back in your hands.”

For decades, credit scores have been widely used in most developed economies like England and the United States where people have relied on them as a tool to access credit and even negotiate better terms from banks and other lenders. Australians can now benefit the same way.

GetCreditScore features the VedaScore provided by data intelligence and insights company Veda. To get a snapshot of their VedaScore, people can simply visit www.getcreditscore.com.au and fill in some basic information – name, address, date of birth, email and driver licence number or passport number.

GetCreditScore.com.au is being launched during MoneySmart Week, Australia’s biggest initiative promoting the importance of financial literacy. GetCreditScore is an initiative of SocietyOne, in conjunction with Veda.

Main image courtesy of Shutterstock.com

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17 Comments

- - mom150006 said
  - 06 Oct 2015
    2:13 am
I didnt even know this was available for free! I thought we had to pay for our credit score. Im going to check it regularly like it says!!

- - dannsbuild said
  - 22 Sep 2015
    5:26 pm
Good knowledge to know! Thanks for sharing this!

- - mom94125 said
  - 12 Jan 2015
    6:17 pm
wow that is really simple!

- - priyachirag said
  - 08 Jan 2015
    1:56 am
Always good to know where one stands, definitely bookmarking this site.

- - mom56842 said
  - 30 Sep 2014
    11:20 pm
This is the first I’ve heard of get credit store, can’t even recall reading about it in the newspapers.

- - curlytops said
  - 13 Sep 2014
    9:31 pm
I was surprised you said it was being used in England as non of my English friends have herd of it! May be it is just starting up in the UK or a tiny percentage of the population use it.

- - storm7 said
  - 06 Sep 2014
    4:57 pm
Thankyou will be going and having a look now.

- - Happymum-2 said
  - 06 Sep 2014
    4:40 pm
we all need to look after our credit with the way things are changing

- - sisterhood27 said
  - 06 Sep 2014
    11:41 am
Many thanks for a such an informative article I will now visit the website and check it our thanks again

- - rachkap said
  - 06 Sep 2014
    2:41 am
Sounds like an interesting way to check your credit!

- - deangunna said
  - 05 Sep 2014
    10:34 pm
Banks are a very interesting bunch. Because I haven’t borrowed money and always paid for everything (saved for it) they don’t feel I am a good person to lend money too.

- - meedee said
  - 05 Sep 2014
    8:22 pm
I found out once that each time you apply for a loan and get rejected that there is a hit against your credit rating. I had no idea of this and many years ago had major issues trying to get a loan because we had applied at a bank that wasnt so great at giving loans to self employed couples at the time so we were turned down…hit number one. We then applied at a bank that had a cut of age….hit number 2 and so it went on. Thankfully a friend was friends with a bank manager at one of the main banks so called him for me and set up an appointment. He was wonderful adn gave us the loan without issue even though out credit score at the time was a mess.

- - yummy_mummy88 said
  - 05 Sep 2014
    1:58 pm
Amazing idea should have been here sooner

- - cloverstorm said
  - 05 Sep 2014
    1:58 am
I will be looking into this to find out mine.

- - Happymum-2 said
  - 04 Sep 2014
    5:58 pm
I tried to do mine the other day and couldn’t get it to work properly

- - cherz said
  - 03 Sep 2014
    10:50 pm
Does not really interest me.

- - damish70 said
  - 03 Sep 2014
    7:51 pm
I’d be interested in finding out my credit score but is it for free?