Understanding the impact of car loans on your credit score
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
A credit score is a three-digit number that reflects your creditworthiness based on your financial history and behaviour. It acts as a
financial report card, summarising how you manage your credit and debt. Lenders, such as banks and financial institutions, rely on your
credit score to assess the risk associated with lending you money.
Your credit score impacts things like whether or not your loan is approved, the interest rate that you will have to pay
and if you get approved for other things like rental applications or even employment opportunities. Whenever you apply for credit of any
kind, your credit score will be impacted. This is certainly going to be the case when applying for a car loan.
Here’s how a car loan can impact you.
It’s important to know your chances of success before applying which is where a finance broker can really help.
ALL DAY CONFERENCE @ Mornington Racecourse
6 May 2025 - 8:30am - 5:30pm
In today’s fast-changing world, staying competitive means embracing new trends and technologies. At B.I.T.E.
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Aged care financial planning is a highly specialised area that requires not only financial expertise but also an understanding of the
emotional challenges families face. In this episode of The Accountant That Builds, host Shannon Smit sits down with Aged Care Financial
Advice specialists to unpack the complexities of aged care funding.
In today’s fast-paced world, productivity has become a paramount concern for professionals and business owners alike. We constantly strive to optimise our workflows, eliminate inefficiencies, and maximise the value we derive from every minute of our day. One of the key steps in achieving this is recognising the habits and tasks that drain our productivity and replacing them with more effective strategies.