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What is considered a good credit score in australia


If your credit report shows scores out of 1,200 then as a rule of thumb a score above 853 is excellent while above 661 is good. If your credit report shows scores out of 1,000, above 690 is excellent and above 540 is good.

What's the average credit score Australia?

The Equifax 2022 Credit scorecard - combining survey data of 1,016 respondents with credit score information for more than two million individuals - found many Australians are establishing more disciplined spending habits. Average Australian's credit score is 846 according to Equifax.

Is 550 a good credit score in Australia?

For a score with a range between 300 and 850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most consumers have credit scores that fall between 600 and 750.

What is a perfect credit score 2022?

In Australia, your Equifax Score will be a number between 0 and 1200. A "good" credit score is between 622 and 725, a "very good" score is between 726 and 832 and an "excellent" score falls between 833 ɪmp; 1200.




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Contents - General Electric Credit Union www gecreditunion org/getmedia/6cee0feb-67d2-43ec-9ea6-3192e84c531c/The-Ultimate-Beginners-Guide-to-Credit-Scores pdf What qualifies as a 'good' credit score? credit score is 579 it is considered utilization rate would increase to 70 It's important to keep track

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