How to establish a good credit rating
When entering into any credit agreements, for example, loans, instalment sale agreements or accounts at retailers, ensure that you make payments according to your agreement.
When you apply for a loan we will check your credit record to make sure you are good at paying your bills. The credit bureaus keep relevant credit records to help lenders assess applications. To assess your application we use information from other banks and retailers, which relates to:
- Civil court judgment’s taken against you
- Payment histories on your accounts
- Known fraud information
- Default or adverse listings, for example, debts handed over to an attorney for collection or written off by your creditors.