Your credit history can be a hugely influential part of your life. It will be checked on numerous occasions throughout our lives, and not just when we apply for a mortgage, a new credit card, or want to take out a mobile phone contract. Your credit history holds a large volume of information about your financial behavior, and helps paint a picture to lenders as to whether you are creditworthy.
Your credit history, and your credit score, can not only decide whether you are accepted for credit or not, but can also dictate how much credit you are able to access and whether you are able to access the best interest rates and other offers available.
When you check your credit history, you will access all the information that particular credit bureau holds against your name.
What benefits can you expect to earn when you check your credit history?
Now you know what you will find, and how you can benefit, when you check your credit history, it is time to look at how you can do it.
By law, you are able to request to see your credit report from a credit bureau free if:
You can request access to your credit report from Australia’s three national credit bureaus:
You can also access your credit report free from Get Credit Score, which is powered by and uses data from Equifax.
While all three of Australia’s national credit bureaus legally have to allow you to access your credit file under the conditions noted earlier, both Equifax and Dun & Bradstreet offer premium services that include identity protection, credit alerts, and access to advice and tips for improving your credit standing.
We have shared some further information on what each offers, including costs, below.
Equifax is Australia’s leading credit bureau, and is the one used here at MacCredit when assessing medical loan applications. Equifax’s premium credit checking and account services range from $79.95 – $119.95 per year. The more expensive options provide more frequent updates to your credit score and report, as well as insuring you against the risk of being a victim of identity fraud up to $15,000.
View Equifax’s packages here.
Dun & Bradstreet have operated in Australia since 1887, and today offer a range of personal credit services, with credit reports and accounts from a $15 one-off fee up to a $60 a year subscription for anyone looking for advanced protection and credit alerts.
View Dun & Bradsteet’s packages here.
Take the time to check your credit history now and ensure that all the information held against your name is correct. Even if you are not planning to apply for credit in the near future, it is worth ensuring all the information held is accurate, as this could save you significant time and effort should you ever need to acquire credit.
Disclaimer: This article contains general comments and recommendations only. This article has been prepared without taking account of your objectives, financial situation or needs. Before taking any action you should consider the appropriateness of the comments made in the article, having regard to your objectives, financial situation and needs. If this article relates to the acquisition, or possible acquisition, of a particular credit product you should obtain and consider the relevant disclosure documents before applying for the product.
Credit Reports, How To, Uncategorized
One of the most basic pieces of health advice we receive, whether it is from a general health perspective, a body performance perspective, or a weight loss perspective, is to ensure we keep ourselves adequately hydrated at all times. Yet, there have been cases when people have become seriously ill and even died as a result of drinking too much water.
What are the facts you need to know to stay hydrated and stay healthy?
Most medical and health professionals and organizations recommend drinking a minimum of two liters of water per day. This is given as a basic level of water intake, and it is recommended you drink more if you’re hot or taking part in physical activity, in order to replace water lost through sweating. Although you can count water drunk as tea or coffee, for example, towards your daily intake, you should consider any additional factors this may bring into play, such as caffeine acting as a dehydrating agent. A simple rule of thumb to follow and keep track of how hydrated you are
is to check your urine when you go to the toilet. The clearer it is; the more hydrated you are.
Two liters of water each day, and you’re going to be mindful of how you consume this as tea and coffee. What are the benefits of drinking your daily two liters of water? They include, but are not limited to:
What is notable about this list is that it is clear staying hydrated offers long term benefits as well as keeping you healthy on a day to day basis. If drinking two liters of water per day will reduce your risk of developing chronic conditions, protect your joints and ligaments, and keep all your essential bodily functions in good working order, what reason is there not to do it?
This is a good question, and one that often leads to misconceptions. The simple answer is that it is up to you. However, bottled water being better for you than tap water has now been widely proven to be a myth. It is thought that as much as 25% of all bottled water is simply tap water that has been treated or purified, although some bottled water suppliers that do take water from public supplies are now starting to state this on their packaging. Several studies have also cited the potential for harmful chemicals to seep into water from plastic bottles as a reason to stick to tap water.
While cases of people becoming seriously ill or dying due to excessive water intake are rare, it can happen. Water intoxication, or hyponatremia, usually only occurs when you drink liters upon liters of water at once, and your body suffers an imbalance of sodium and water. Your kidneys are only able to deal with around half a liter of water an hour. If you are drinking water excessively, the inability of your kidneys to deal with it means the water can leave your blood and cause your vital organs to swell, leading to serious illness. Signs of water intoxication are similar to those associated with heatstroke and include headaches, a general feeling of drowsiness or not feeling great, nausea, and vomiting.
Use the urine test mentioned earlier to keep you on track. If your urine is clear, then you’re well hydrated and don’t need to drink any more water, unless of course you’re feeling thirsty anyway.
Drinking two liters a day is more than enough to enjoy all the short and long term health benefits; drinking more will not help you to lose any more weight, or further reduce your risk of developing chronic conditions as you age, but it could make you ill if you drink too much.
Health News, Uncategorized