Do you know your credit score?

If you’ve heard the term ‘credit score’ but don’t know your own, it’s time to find out, because it’s one of the most vital parts in determining your financial health.

Many people think that a credit score only really matters when it comes to being approved for a loan or credit card, but it goes far beyond that. Judged on your past history, your credit score can follow you forever and can significantly impact your future options when it comes to financial institutions.

To help break down the basics of understanding how your credit score is determined, we’ve created this simple infographic.


How is your score calculated?

Your credit score can be affected by a range of factors, including:

how is your credit score calculated


Who looks at your credit score?

These are just some of the places:

who looks at credit score


Your credit score is important. Many lenders use it to understand your past credit profile

It has the ability to:

credit score limitations


4 Facts on Defaults

facts on defaults


Credit Scores by Numbers

credit scores number


Still unsure on how to find out your credit score rating? You can obtain it free from a credit reporting bureau. Find out yours now.

If you would like to discuss your personal credit score and it’s impact on your future borrowing, please contact one of our members from the Allan Hall Finance Team who would be more than happy to assist.

Allan Hall Business Advisors wins three major awards

Allan Hall Business Advisors was extremely proud to win the major award of Best Accounting Firm in Australia and New Zealand and to be the overall winner of Best Professional Services Firm (revenue under $50 million) in the 2016 Financial Review Client Choice Awards. In 2017, our partner, Scott Somerville took out another major win in these awards, winning Most Client Focused Accountant in Australia and New Zealand.

Global alliance focussed on business excellence

Allan Hall is the Sydney member of Alliott Group, an award winning, growing, global alliance of 160+ accounting, law and consulting firms in 60+ countries.