Score Tracker is a valuable tool that tracks your Equifax Score over time, so you can gain an insight into how to improve your Equifax Score and determine the best time to put in your application for credit.

There are a number of ways you can improve your credit report and Equifax Score.

Your credit file basically holds information relating to your credit history – yes even the naughty and nice details. So if you’ve ever applied for credit or a loan, you’re likely to have a credit file held by a credit reporting agency like Equifax.

Every time you apply for credit and a credit provider obtains a copy of your report, an enquiry is added to your credit report. This includes any loan, mortgage or utilities applications you may make.

If you’re looking to apply for a loan or other types of credit, these tips may help your application.

Access to your credit file is governed the Privacy Act 1988 (the Act).

If the entire listing is incorrect, such as an overdue debt that is inadvertently listed on your credit report by a credit provider e.g. the debt is statute barred, Equifax, after investigating your complaint or on the advice of the credit provider, will remove the listing.

This all depends on the type of data. Identity information including your name, date of birth, gender, driver’s licence and address history is held for the life of the credit report.

We’ll create a credit file when we first receive information about you, such as an enquiry made to a credit provider, a business directorship, or default judgement information.

Under the new comprehensive credit reporting system your consumer credit report can be updated on a monthly basis with account repayment information such as if you have paid a credit card, or other personal credit, on time.