Credit ratings or credit scores can be tricky things to navigate and understand.
To try and help make sense of it all, West Real Estate spoke with Loan Market State Director Western Australia Royden DVaz.
With more than 25 years of experience in finance, Mr DVaz said credit scores were like a financial tattoo.
A lot of people dont know what their credit score is, but its an important figure and one that requires effort to be changed, he said.
Your digital credit score provides lenders with a glance at your savings and borrowing history. The higher it is up to 1000, depending on the credit agency the better.
If your credit score is low, Mr DVaz said it would have a negative bearing on your application and might overshadow positive me…
Read the full article at: https://thewest.com.au/lifestyle/real-estate/figuring-out-your-financial-footprint-c-1575410