Like it or not, if you’ve ever had a loan, taken out a credit card, or had utilities bills in your name, you will have a credit report.

Your credit report is a compilation of information about the way you handle debt, where you live, how you pay your bills, if you have ever filed for bankruptcy or had a car repossessed, etc. This credit-related information is primarily used by credit providers, e.g. banks and building societies, financial companies, telecommunication and utility companies to assist them in assessing applications for credit. So, it stands to reason, that if you are planning on taking out a home loan your credit report will have a large part to play in reaching your goal. A great place to start is by finding out your Vedasscore.

What is a Vedascore?

Veda is Australia’s leading credit bureau, with the most comprehensive credit history profile data of any bureau in the country.

Vedascore is a new concept to the Australian credit market that gives Australians greater ability to actively manage their credit history. A Vedascore is expressed as a number between 0 and 1,200 (the higher the number the better an individuals credit worthiness) and reflects where an individual stands at a specific point in time. This gives consumers the insight they need to improve their score and help make themselves more attractive to lenders e.g. by improving financial habits, pay bills on time, notifying credit providers of a change of address etc.

For more information on how you can access your credit report and Vedascore visit the Veda website www.veda.com.au

Win a share in $40,000

Throughout October and November Veda are giving you the chance to win 1 of 2 $20,000 cash prizes. To enter watch the video of Mark the dog’s adventures above, and then head to www.veda.com.au to answer one question and you’re in it to win it!

Disclaimer: This is a sponsored post. All opinions expressed here are my own.