Consumer Credit
We hear you, the world of credit can seem daunting and confusing at times.
To combat this we have created an infographic to explain exactly what goes into a credit profile and what it all means.
Your credit profile
Your credit profile is an assessment of your creditworthiness. Comprised of a credit score and credit report, it can assist in determining whether you qualify for a particular credit card, loan, mortgage or service, and on what terms.
2 key ingredients that make up your credit profile
The two key ingredients that make up your credit profile are:
- Information sourced from lenders or credit providers such as banks, credit unions and buy now pay later services
- Public records data from sources such as ASIC (Australian Securities & Investments Commission) and the judicial system.
Learn more about what makes up your Credit Profile by downloading our infographic here.
Does your credit profile need a bit of a boost?
The good news is that you can take proactive steps to improve your credit profile. For tips, articles and resources, check out the Equifax Financial Inclusion Hub.
You can also proactively manage your financial health with the Equifax Credit and Identity Protect subscription, giving you tools to monitor your credit score as well as identity theft alerts.
