10 things that don’t impact your credit score

From your postcode to last year's pay rise, here are 10 factors that don't affect your credit score (and 10 that do).

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Your credit score is the history of everything you've ever borrowed translated into one score – nothing more. But there are a bunch of misconceptions floating around Internet forums and the American media (which doesn't apply to Aussies) about what can impact your credit score.

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If you're confused about what's listed on your credit report and the factors that can impact your financial history, here are 10 things that can't shape your score and 10 things that can.

Doesn't affect
your score
Does affect
your score
Picture not described: cash-pick-up-icon.png Image: Getty Your salary How long you've been with your employer
Picture not described: imt-transfer-speed-icon.png Image: GettyClock icon for transfer speed Paying your credit card bill 2 days late Paying your credit card bill more than 14 days late
Picture not described: illness-icon.png Image: Getty Race, ethnicity, sexual orientation Defaults, court judgements and serious infringements
Picture not described: buy-bitcoin-card-icon2.png Image: Getty Current credit card balance(s) Credit card limit(s)
Picture not described: Guides-icon.png Image: Getty Number of Instagram followers you have Number of credit products you have
Picture not described: icons-3.png Image: Getty Where you live How long you've lived at your current address
Picture not described: Piggy-bank-icon1.png Image: GettyPiggy bank icon Savings and investments Personal loans and mortgages
Picture not described: icon-crowd-blue.png Image: Getty Your best friend's finances Your partner's finances if you have a joint product
Picture not described: bank-icon-fmt.png Image: Getty Credit utilisation ratio New credit enquiries (whether approved or declined)
Picture not described: peace-icon.png Image: Getty Declaring fruit at customs Declaring bankruptcy

Were you fooled by any of the factors above? If so, you're not alone. And if you don't know your credit score, you can check it and get your comprehensive credit report for free through Finder.

Pictures: Shutterstock, Getty Images

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