Posts By :

Credit Simple

Why did my score decrease?

Have you noticed a dip in your credit score? This could mean many different things. The amount of credit you have, the age of your credit or any altered credit limits could all make your score go down. Comprehensive Credit Reporting (CCR) changes in Australia made earlier this year could impact your credit score as well. While there are many possible reasons why your report changed, let’s look at these common factors. Comprehensive Credit Reporting changes As of July 2018,…

read more
Four saving strategies for spring and summer

As the winter months come to an end in Australia, you’re probably antsy to get out in the warmer weather. But getting out more could also mean increased spending. If you’re trying to figure out how to save this spring and summer, easy ways to get a boost include sticking to a budget, using credit card rewards, having social functions at home and saving on energy costs. 1. Stick to a budget Sticking to a budget is easier said than…

read more
5 sure-fire ways to get a juicy pay rise in Australia

Are your palms sweaty? Is your heart racing? Maybe there’s a deep sense of foreboding in the pit of your stomach? You may be on the verge of a parachute jump or other life-endangering feat, but you could also be about to do something equally terrifying: ask for a pay rise. Year-on-year wage growth was just 2.1 per cent in Australia over the March quarter 2018, which barely covers the 1.9 per cent inflation increase in the consumer price index…

read more
Introducing Credit Simple for Business: See your business credit score and information instantly, online and free

When we launched Credit Simple, we did so with the aim of helping Aussies live their best financial lives. And since launching in February 2017, we’ve added to free credit scores by creating Money Simple, a spend tracker, and Clear Name, a way for people to pay off unpaid defaults at a discount. Now, we’re launching a new tool for directors. It’s called Credit Simple for Business, and it allows you to see credit score, report information, risk profiling and…

read more
7 hobbies guaranteed to stop debt stress in its tracks

Do you regularly worry about money? You’re not the only one; nearly half of Australians cited personal finances as their biggest cause of stress over the past five years. But if you’re tired of fretting over your finances and how they’ll impact your credit score, why not try a new hobby to take your mind off things? We’ve compiled a list (backed up by research, naturally) of ways to help manage your money worries. Socialising with friends You’ve probably read ‘socialising…

read more
How long is information held on my credit file?

Following the introduction of comprehensive credit reporting, both positive and negative listings are recorded by credit providers. However, it is the negative listings such as bankruptcies and overdue accounts that will be listed on your file for longer and impact your ability to access credit. Use the following as a guide for how long listings will appear on your file: Type of listing Length of time it’s listed (years) Description Payment history information 2 Monthly repayment history information on active…

read more
Scared of your finances? 5 ways to get control over your money without looking through your fingers

Money management can be a terrifying thing. Especially if you’ve got debt – seeing large sums go in and out of your bank account is enough to give anyone the willies, even if it’s ‘good’ debt (such as a home loan). But there are strategies you can use to cope, and to not only manage your money but actually overcome those ghosts of spending past. Here’s five we’ve rounded up. Know where your money is going. Knowledge is power, and…

read more
How to milk those rewards points

People can be suckers for rewards points, going out of their way to get a few extra clicks. But you’ve got to be careful to get the most out of the rewards points in the best way. It’s not just rewards points credit cards to be careful with. We have wallets full of little plastic and cardboard cards for everything from coffee to Fly Buys. But customer loyalty doesn’t always add up. Here’s the rub: rewards points do work is if…

read more
What can you do with your credit score?

What is my credit rating and what can I do with it? Credit Simple CEO David Scognamiglio chats with Channel 9 news on all things credit scores, what exactly they are, and how you can use your score to get a better deal on items such as credit cards, energy or health insurance. Did you know your credit score could get you a better deal? We have lots of offers tailored to you. Offers onsite include: Credit cards Loans Energy…

read more
What you need to know: Four questions to ask before you get your first mortgage

So you’re in the market for your first mortgage. It’s a lot of money, right? You’re about to borrow hundreds of thousands of dollars, and no doubt you’ll want to know you’re not paying more than you need. We’ve put together a checklist for you. Have you shopped around as well as you could? Don’t forget this: the interest you’ll pay on your mortgage over the next 10, 20 or 30 years is worth a lot of money to someone.…

read more