There are many reasons why debtors want to find out their credit rating for free. Whether they want to use it for credit application or for employment, one thing is certain- credit rating and the contents of a credit report are vital tools in financial planning.
You can never underestimate the contents of your credit file. It has details of your borrowings, credit history and transaction with credit providers. It serves as one of the major factors that lenders consider when approving or denying a loan or service application.
If you’re like most Australians who live your life on a credit basis, then it is important for you to maintain a good credit rating. Otherwise, your options will be severely limited, considering the fact that credit instruments like credit cards and utilities using credit transactions are prevalent.
What information do creditors like to see listed on a credit report?
Creditors look for positive and updated credit reports every time you apply for a loan. It is easier for them to evaluate your credit request with a fresh credit file; which probably contains reports on your home mortgage with updated payments, a stable job you had for more than a year and a paid off bank loan. It will also help if you have a utility bill in your name, a permanent place of residence and a Master Card/Visa Card or a credit card from your favorite department store.
Here’s how to quickly check your credit rating for free from two main credit reporting agencies.
- Dun & Bradstreet (D & B)
Visit its website, CheckYourCredit for a free credit report. Fill up their online submission form, enter your personal details, such as name, address, and email address. Sign up for a free account. Scan your identification documents such as your driver’s license, utility bills and passport.
You can either check your credit rating free online or mail your request directly to D & B. Simply print off the credit check application and ID scans and send it to their mailing address.
- Equifax (formally Veda)
Visit Equifax’s website, MyCreditFile. Choose the free version of your credit report. Visit the webpage for the free form. Make sure you have proper identification records such as a driver’s license or birth certificate to prove your identity and age. Scan them and send a few of these identifying documents. You must also submit utility bills such as internet, water and phone bills with your name and residential address on them. Now, you are ready to submit an application for credit history report. You can either send it to Equifax’s email address which you can find on the website or send a letter via post.
Clean Credit
With a very high success rate in restoring our clients’ credit effectively, Clean Credit ensures that all your credit issues can be taken care of. Take advantage of Clean Credit’s free consultation and find out your credit rating today! Call 1300 015 210 today or enquire here now.