A credit score is a numerical representation of your credit risk provided by a credit reporting bureau. Each bureau has their own special way of calculating your score. When applying for credit, your score plays a part in determining how financial institutions assess your reliability as a borrower in paying back credit. Your credit score is not the only factor they look at, but it is usually the first step in helping lenders review if your application for credit should be approved.
Wisr is Australia's original Neo-lender, a company that provides a fairer way to financial wellness. Since launching in 2014 we have been committed to building products, apps and services, like WisrCredit, which have helped thousands of people do more with their money for less. Visit www.wisr.com.au to learn more about our company.
Easy to understand, great information about managing your credit score.