Your credit score can impact everything from loan approvals to renting a home. Here are 8 practical steps to keep your credit record in good shape:
1️⃣ Pay your bills on time – It’s the simplest way to protect your credit.
2️⃣ Can’t pay on time? Contact your creditors early and request an extension.
3️⃣ In financial hardship? Let your creditors know. Many offer support options.
4️⃣ Moved house? Notify all creditors of your new address. It’s your legal responsibility under the National Credit Code. You can also redirect your mail.
5️⃣ Only apply for services for yourself – Avoid applying for loans or phone plans on behalf of others.
6️⃣ Protect your personal information like your ID, Medicare card, and passport. If lost, report it to authorities immediately.
7️⃣ Think you’ve been scammed? Contact Equifax, Illion or Experian and put a ban on your credit file to stop further misuse.
8️⃣ Received a legal notice or Statement of Claim? Act quickly and submit your intention to defend.
✅ Staying informed and proactive is the key to staying financially healthy. Share this with someone who might need it!
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