The Property Heroes

The Importance of Your Credit Scores | 42


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In this episode, we talk about your credit scores. So, what the flying hell is it? How to improve, where to get, and so forth. We'll discuss:

  • What is a credit score? 
  • How is a credit score calculated
  • Why is your credit score important towards a home loan?   
  • Is it like this around the world? 
  • How do I check my credit score? 
  • What’s a bad credit score?
  • 3 reasons why your credit score could be low?
  • 3 ways to improve your credit score?

It’s actually simple, pay your loans on time. 

  1. Make sure you have automatic direct debits for the minimum payments for all your loans
  2. Only apply for credit when you need too and close off any cards that you don't use
  3. Banks make mistakes, so if you see an issue, reach out to the credit score provider and fight the battle


Thanks again and catch you next time.

The Property Heroes

We release a few different episodes a week

Monday

- A short rapid-fire educational episode about property/real estate

Wednesday 

- A longer form, conversational episode talking all thing property and finance.

Friday 

- A short rapid-fire educational episode about finance. If you have any questions or any comments, it would be great to hear from you [email protected] or you can reach us through our social.

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Website:

https://www.letsbuyproperty.com.au

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The Property HeroesBy The Property Heroes