You credit score. Is it just a nominal number not worth worrying about, or is it a number you should take an active interest in? For many in Australia the credit rating system is something not to be taken seriously, but that little number can have a significant and direct bearing on your life. Would you like to buy a new car and use a loan to finance it? Your credit score will determine whether you can get it or not. Would you like to buy a new home or refinance your existing home loan? The bank will check your credit score to make sure you can pay it off. These are only two of the many scenarios when your credit score can affect your quality of life in a very real way. So it pays to acquaint yourself with how this score can be damaged!
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