Credit Scores
If you have ever applied for finance in Australia you will have an active credit file.
The score that is attached to this file will classify your risk to a lender or credit provider.
The higher the score the stronger the credit file. Be aware that phone contracts and utility accounts (like synergy) are recorded on your credit file.
Applying for too much finance (even if you do not proceed with it) can have a negative effect on your credit score.
A default on your file no matter the size will have a massive negative impact on your credit score.
A lot of lenders will not offer you finance if you have a default.
