Is your credit score too low?

Don’t worry, if you take the right steps then you can actually increase your credit score.

Before you continue you should read about the common causes of a low credit score.

Is there a shortcut?

Do you actually need to increase your credit score?

Some Australian lenders do not use credit scoring to assess mortgage applications!

Please call us on 1300 889 743 or enquire online and one of our mortgage brokers will let you know if you qualify for a home loan.

How to raise your credit score

The first step is to identify what is causing your loan to fail the bank’s credit score.

You’ll find that fixing the weaknesses of your situation is more effective than improving your strengths.

If you fix the wrong aspect of your situation then you will waste a lot of time and not get much result.

Once you have fixed up any problems you can work on aspects of your situation that can improve your credit score, and in doing so you will maximise your chances of getting your home loan approved.

Fix the problems

  • Don’t overdraw your cheque account.
  • Don’t go over the limit on your credit cards.
  • Pay off your credit card debt as much as possible.
  • Pay all of your debts on time, every time.
  • Pay any defaults on your credit file and if possible wait for them to be removed.

Improve your score

  • Apply for a $500 credit card for the lender you will apply for a mortgage with and pay it on time.
  • Don’t apply for loans that you don’t need. You want to minimise the number of enquiries on your credit file.
  • Stay in your current address and job for as long as possible.
  • Open a savings account and save as much as you can.

When you apply for your mortgage

  • Apply with a lender that has lenient credit scoring.
  • Include all of your assets in your application such as you cheque account, savings account, furniture, car, superannuation and shares.
  • Don’t borrow to your limit.
  • Be careful with your loan purpose as some are not accepted.

Which lender should I apply with?

There isn’t much point in opening a credit card with a lender to build a history with them, if that lender would never approve your loan anyway!

By speaking to our mortgage brokers you can find out which bank is likely to help you and then you can begin to build a history with them.

We are specialist mortgage brokers who understand the credit scoring systems used by the banks. Please call us on 1300 889 743 or enquire online and we can then help you to improve your credit score and apply with a lender that can accept your situation.

  • MM Mia

    Hi Home Loan Experts, I’d also like to check my credit file for any issues and try to improve that as well so how can I get hold of it?

  • Hi MM Mia,

    To get a free copy of your credit file, you can write to Veda Advantage and get it within 14 days. If you want it right away, you can apply on Veda’s website but you’ll have to pay a fee. If you’re a customer of ours then you can simply ask us to email you a copy of your file.

  • emilypearlso

    Today, my new score is 775 out of a possible 850; my Vantage score is 990 out of 990; my auto score is 905 out of 950; and my home score is 912 out of 950. All scores computed from the same database on the same day. Why the variances? Use of different algorithms. Who controls the algorithms? The rating agencies..What can you do about it—-nothing! I filed a complaint against the rating agencies in 2010 to the FTC, and to date, they have acknowledged receipt
    but have not responded..They are not going to repond. The rating agencies run wild.I don’t need new credit. I am 73 years old, and have assets. However, I do pay auto and home insurance each year and not having my home and auto scores maxed-out affects what I pay for home and auto insurance each year. Probably costs me several hundred dollars for my private residence and rentals.
    I repeat, the credit rating agencies have more power over your financial life than you can imagine, and they report to no one. Not one government agency will get involved in the algorithms used by rating agencies. It’s their call. Not even the new Consumer Protection Agency will touch this subject. I know. I tried to get them involved but got disappointed..As usual no response..I was able to put a full stop to through the help of a young man and now my scores are what I want it to be..He’s honest and very intelligent..The way he worked it all out I have no idea but he did..You should contact him today he will help change your life..eliterealhack(AT)gmail(DOT)com.

  • Mosby

    I have no credit history and I’d rather buy as soon as possible so can I get a home loan despite being credit invisible?

  • Hey Mosby,

    You can borrow up to 95% of the purchase price with lenders that don’t credit score but you still must be credit worthy, which the lender will use common sense and their guidelines instead of relying on a simply computer generated decision. Please check out the low credit score home loan to see if you can qualify for this, and you can enquire online directly through there:

  • McMillan, R

    These tips helped me improve my credit score a bit. Now what can I do to improve my borrowing power?

  • Hey McMillan,

    We’re glad to hear that this info helped you out. There are several ways that you can improve your borrowing power such as by reducing your credit card limits or cancelling them, considering to fix your loan, going with the right lender for your situation, etc. You can find out all about this here:

  • K Cook

    How much DSR do the banks prefer?

  • Hi there,
    As a general rule, if you have a debt service ratio (DSR) of more than 50% then your home loan application will be declined. If you’d like to find out whether or not you qualify, please try our borrowing power calculator:

  • McDonald

    Do any lenders accept more than 80% of rental income?

  • Hi McDonald.
    One of our lenders can consider assessing your loan using 100% of your rent income. In addition to this, they’ll also assess your existing debts at the actual repayments rather than at a loaded assessment rate. This can drastically increase your borrowing power.

  • jeffery

    If your credit score is not as high as you want it to be, then you need to contact this genius hacker ( …he’s 100% …I guarantee he is for real..Tell him Jeffery Adernson referred you.He would respond promptly.

  • jeffery

    Hello McMillan i’m yet to believe how it is possible But it feels so good.There is a qualified and ethical hacker ( ),who can help to improve your credit score and also your borrowing power…he helped with my. Contact him and thank me later.

  • Timothy Hatch

    i had been played and scammed of my money bY some lenders, all this changed as soon as i was put in contact and hire (SPYGENIUS) who helped me with my credit score as well as hack into my boss email Started repairing my credit 2 days ago, and already more score has jumped 174 points. Trust me, you wont get results like this doing it yourself – just fast track your results with professionals like this. contact (SPYGENIUS.HACK at GMAIL dot COM)

  • david

    If you need to fix your credit score , remove any form of collections or dept, employee’s honesty,recover your email passwords,social networks(i.e Facebook,Twitter,IG),change your school grade,clear your criminal records, gain access to bank accounts,boost credit card score contact he helped me boost my credit score perfectly, just tell him i referred you for a quicker response

  • Sandra A Gonzalez


  • Jennifer Wilson

    thanks andrea philips for referring, i
    contacted them just like you said over here and my credit score was
    increased to 750 and my collections were cleared to,so i see i need to
    share my testimony just like others have done too. so if you have any
    problem with your credit score you can contact them on Gmail too,thanks
    once again Andrea

  • Kate Smith

    I can assure you of this genius and ethical hacker he helped to increase my credit score and also remove all unwanted collections from my credit report..he’s too sure 100%

  • Vanessa Johnson

    I recommend to you…he’s a genius hacker and his jobs are accurate… he helped increase my credit score …i guarantee him 100%

  • Alan

    thanks Andrea Philips for referring over here they are just to amazing i never believed they could increase my credit score and they also clear my dept and records i am so happy i will tell you that


    just in case you need a system programmer to help you fix you credit
    score or clear any collections on your score,or you need help to reduce
    your tax rate i can help you also to hack to reduce the rate of your tax
    and which means you will start paying lower tax rate just contact me on
    the mail above,i am highly at your service thanks

  • John

    This man assisted, increasing my credit score to to meet a credit reqirement it’s really amazing. He delivers in 72 hours or less. You can email him via captainspyhacker2 AT gmail DOT com Also hacks at very cheap

  • Joy Lupear

    I needed to get a loan but I wasn’t granted until I contacted a professional credit repairer who helped me fix my credit at affordable cost and also assured me that the new credit profile will be permanent.I guarantee you of his services he is 100% legit.

  • Joy Lupear

    Hello everyone, I use to see a credit financial adviser with some mess I made as regards my report but to no avail until I read about some guy who everyone talks about on the internet..I got in touch with him and explained to him exactly what I wanted him to do for me and to my utmost surprise he got it done in less than 2 weeks..I am urging anyone who is in need of this kind of services and more to touch base with him..I am assuring you he is going to meet your needs..Get in touch with him contact

  • Marilyn Taylor

    I have used him and he helped me fix my credit also.I can assure you of his services.

  • Marilyn Taylor

    If your credit score is not as high as you want it to be, you need to contact this genius because a lot of people gave good testimonies about this guy i knew it will be an end to your search in the hacking world i contacted him immediately And i got a quick response i was giving the service within 3 hours my grades were changed am happy to tell you that am a graduate of a prestigious university in USA… they saved a lot of people get the good hacking experience now. contact him on his mail

  • Lenora Parks

    Indeed…..he is a genius,I used him also and he helped me increase my credit score.Thanks to

  • Lenora Parks

    I don’t usually buy into the idea of using a credit repair until my friend referred me to this professional credit repairer who helped me fix my credit.He removed all negative items from my reports and also improved my score to a satisfactory level.I’m recommending this professional credit repairer to everyone who needs to fix their credit,he is the best i have used and I’m so sure about his services.You can contact him on his email him I referred you to him.Thanks…

  • Lenora Parks

    I have used him and he is 100% legit

  • Lenora Parks

    I needed to get a loan but I wasn’t granted until I contacted a professional credit repairer who helped me fix my credit at affordable cost and also assured me that the new credit profile will be permanent.I guarantee you of his services he is 100% legit.

  • Lenora Parks

    you can try it…you see that you will thank me later.

  • Andrea Jackson

    I was referred to
    on this forum, because i have seen a lot people he helped, now he has
    helped me increased my bad score to 780 and above, thanks to him and who
    ever has referred this wonderful credit repairer over here, so i will
    say get to him if you need to fix your score as i have done too, now I’m
    happy with my new scores

  • Thomas

    Perfect man for the job. I am very happy that I called this company. Already my scores went up 2000 points since October of 2017. contact – the best person to contact for credit solution. He will explain everything from the beginning and everything is done before 72 hours. You can trust him 100%.. Recommending all the friends and family to him

  • Edward

    I had made a huge mess on my credit report, years of a lot of debt. Initially, I was skeptical to pay the money to anyone to start the clean up process. credit repair ( reassured me that everything would be OK, so I give him a try, and have patience. Everything has worked out great. He has worked hard to help me fix my credit report. It’s hard to live with bad credit. I’m very lucky to have found his business as he is very nice, cares about his clients. I’m so glad that I chose to go with his service and would definitely recommend his service to my loved ones and to anyone looking to repair their credit, and wants it done right.

  • Sarah

    If you need to hack into any Figo score or you want to delete, improve credit score or deletion of bad credit report, spy into WhatsApp,email,Facebook and more kindly contact , you won’t be disappointed by him because I myself already made him my permanent hacker.

  • Brain

    Good definition of a better card is to pay down your debt first. This discussion was around building credit for people who have terrible credit and can’t get a normal credit card on their own.To my surprise the hacker i come across from a public forum helps me to pay my debt and increase my score to 800 Golding score.I never believe until he improved his skills on my credit card.I believe most of you guys will need his assistant,for such help contact him on darkwebcyberservice@gmail dot com.