Feel like it’s the end of the world just because of a bad credit score? Well, it doesn’t have to be anymore!
A credit score is a numerical value between 300 and 850 that depicts your creditworthiness. The higher the score, the more favourably you are looked at by lenders. Your score is based on your credit history and considers all the accounts you have open, the level of debt you have, your history of repayments and lenders use it evaluate whether or not you can repay a loan within the terms.
It can be one of things that you never really think about until you need to borrow money.
But gone are the days that a poor credit score has to negatively impact your financial life! And we are about to tell you the best part – there are lenders who don’t even take this into account!
Now we’re not suggesting that you completely ignore this rating and can offer some tips in maintaining a healthy credit rating, including:
- Find a copy of your score here and get yearly updates
- Pay off your bills on time using automated payments or a financial payment calendar
- Pay off your debt by consolidating and paying down or work on clearing one debt at a time
- Lower your credit card limit
- Don’t apply for loads of credit through different lenders as this is a red flag that you are in financial trouble
So now you are credit score savvy, which is great, but also unnecessary when it comes to private business lending at Equity Tap.
Our fast, secure, and flexible process taps into your equity without the need for valuations, credit checks or financials. Bridging loans are now easier than ever to attain with Equity Tap.
So, stress less about your credit rating and talk to us about tapping into your equity. When you need money, it’s our mission to provide you with fast flexible finances so that you can continue to grow and enjoy your business.
Want to talk to one of Australian-based team members? Contact us at 1300 123 024.
