How good is your credit?
Find out now for free.
It's free
We believe everyone deserves to know where they stand. Just provide us with a few details to receive your
credit score, 100% free.
It's safe
Your score is obtained from Equifax (previously known as Veda), Australia's largest credit bureau.
It won't affect your credit
Checking your credit score will not affect your credit rating.
What is my credit score?
Your credit score is calculated by a credit bureau, and is often used by lenders to help decide whether to approve
you for new credit cards, personal loans and home loans. Your Equifax Score (previously known as VedaScore),
from Australia's largest credit reporting bureau Equifax, is a number between 0 and 1,200. The higher your
number is, the better your credit position is.
What is the difference between your credit score and your credit file?
Your credit file is a detailed record of your borrowing history, while your credit score is a numerical representation
of your risk as a borrower.
Your credit file contains listings of applications you've made for all forms of credit (whether they’ve been
approved or not); your repayment history; details of any defaults you may have; and information about the consumer
and commercial accounts you hold. It also contains personal information including your name and gender as well
as data held on the public record, such as bankruptcies.
Your credit score is calculated by credit bureaus such as Equifax using the information on your credit file.
The higher your credit score, the lower your risk as a borrower. Your Equifax Score is a number between 0 and
1,200. See what the different score ranges mean below.
How can I get my credit score for free?
You can receive your credit score for free through finder.com.au. Just provide your full name, address and
a form of identification to receive your credit score. You’ll also receive an explanation of your credit
score and be able to see where you stand in relation to the rest of the credit-active population.
What does my score mean?
Credit Reporting agency Equifax uses its own scoring system to give you a Equifax Score rating between 0 and
1,200. This number represents the overall status of your credit file. Those with higher scores have a better
chance of being approved for a loan.
| Credit position | Equifax Score | What it means |
|---|---|---|
| Excellent | 833 - 1200 | You're in the top 20% of the credit-active population of Equifax in Australia and it's highly unlikely an adverse event will harm your credit in the next 12 months. |
| Very Good | 726 - 832 | You're two times as likely as the credit-active population of Equifax in Australia to keep a clean credit report and it's unlikely you'll incur an adverse event in the next 12 months. |
| Good | 622 - 725 | You are more likely than the credit-active population of Equifax in Australia to keep a clean credit report in the next 12 months, and you're less likely to incur an adverse event during this time. |
| Average | 510 - 621 | It's likely you'll incur an adverse event such as a default, bankruptcy or court judgement in the next 12 months. |
| Below Average | 0 - 509 | You're in the bottom 20% of the credit-active population of Equifax in Australia and it's more likely you'll incur an adverse event such as a default, bankruptcy or court judgement in the next 12 months. |
