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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
  • 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!!

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  • Good knowledge to know! Thanks for sharing this!

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  • wow that is really simple!

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  • Always good to know where one stands, definitely bookmarking this site.

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  • This is the first I’ve heard of get credit store, can’t even recall reading about it in the newspapers.

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  • 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.

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  • Thankyou will be going and having a look now.

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  • we all need to look after our credit with the way things are changing

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  • Many thanks for a such an informative article I will now visit the website and check it our thanks again

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  • Sounds like an interesting way to check your credit!

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  • 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.

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  • 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.

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  • Amazing idea :) should have been here sooner

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  • I will be looking into this to find out mine.

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  • I tried to do mine the other day and couldn’t get it to work properly

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