Understanding Good Credit Score In Australia

A credit score is a number that shows how well you manage money. In Australia, it usually ranges from 0 to 1,200 and is calculated by agencies like Equifax, Experian, and Illion. It’s based on your financial habits—such as paying bills on time, managing debts, and how often you apply for credit.

Lenders use this score when you apply for loans or credit cards to decide if you’re a reliable borrower. A higher score can make it easier to get approved and may help you get better interest rates.

Your score is affected by your payment history, how much credit you use, how many times you apply for credit, and if you’ve had defaults or bankruptcies. To maintain or improve your score, pay bills on time, avoid unnecessary credit applications, and keep your credit use low.

It’s also a good idea to check your credit report regularly for errors. At HelloLedger, we help individuals and small businesses understand and improve their credit. Reach out to us for expert financial support and take control of your credit today. Read more