Credit Scores

Credit scores provide a snapshot of one's financial status, and are indicative of general creditworthiness.

A good credit score has many benefits. Banks and lending institutions offer preferential terms to those who are in a stronger position to repay loans (based on credit files and bank histories).

Good scores help you qualify for home finance, auto loans, and reduce credit card rates.

 

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Free Credit Scores

A free 30-day trial enables you to check out your credit score with 3-Bureau daily credit monitoring and alerts included.

 

3-in-1 Credit Monitoring

Credit monitoring is important in protecting you from identity theft, and preventing errors and inaccuracies in your credit report.

The 3 major credit bureaus offer a credit monitoring service which utilizes your historical credit files to ensure any significant alterations in your report are analyzed and highlighted.

 

Alerts

Credit monitoring agencies use daily alerts to inform you directly in the event of significant alterations in your credit history.

 

Credit History

A credit history is a "seven-year record" of your lending and borrowing activities. Those with well-balanced credit histories with a good track record of debt management and repayment are usually rewarded with a better credit score than those who struggle to control debt and meet repayment obligations.

 

Good Credit History

A good history generally means a good credit score, and appeals to lenders who are likely to offer preferential rates. A good score can also be an added incentive to employers and landlords.

 

Loan Application Process

An application for credit from a bank, store or credit card company is sent to a credit bureau which adds this new record to any existing credit history. This information is used by lending institutions such as banks and credit card companies to determine an individual's ability to repay debt.

 

Ability To Repay Debt

An individual's ability to repay any debt obligation indicates their creditworthiness. Debt repaid consistently and on the date due is likely to impress lenders and boost the credit score. Conversely, missed payments and failure to repay the full amount due is likely to detract from the credit score.