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5 Things That Can Affect Your Credit Score

So you’ve gone and changed your mobile provider for the third time this year to save some cash. Well done you! Or so you thought when you got that extra 2 GB of data each month. In reality, you could be impacting your credit scores.

1. Requesting a credit limit increase

By requesting a credit limit increase, you’re giving yourself access to more credit. Sounds like a perfectly reasonable thing to do if you need it. Each credit card company will handle applications differently but some will do a hard enquiry against your name to determine your creditworthiness.

2. Your mate taking over your utility bills

We all have some financially responsible friends and we all have those that, well… could use a credit score check themselves. By leaving a utility bill in your name with a mate, you could be risking missed payments or unresolved issues. These could be recorded against YOUR score!

3. Forgotten parking fines

Many official unpaid fines are reported so when you let that early morning parking fine go unpaid for too long, you’re looking at a potential black mark against your credit.

4. Changing house often

Well, indirectly. When you move house, you often change utility providers. Like requesting a credit limit increase, a new utility provider is likely to do a hard enquiry which can impact your credit.

5. Errors on your credit report

Your credit reports are compiled with information from multiple sources. Chances are, there’s going to be an error from time to time. The good news is Australians are entitled to a free credit report once annually to spot errors like these!


An error on your credit report can significantly impact your score if the information is negative in nature.

Check your credit scores with Wisr

If you use your credit cards responsibly, you can certainly maintain good credit scores. Head to your dashboard now and see where you stand.

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Disclaimer: This article contains general information only, and is not general advice or personal advice. Wisr Services does not recommend any product or service discussed in this article. You must get your own financial, taxation, or legal advice, and understand any risks before considering whether a product or service discussed in this article may be appropriate for you. We have taken reasonable efforts to ensure that the information is accurate at the time of publishing, but the information is subject to change. We may not update the article to reflect any change.

Joanne is a respected leader of multiple disciplines within Banking, with 17+ years’ experience ranging from credit risk, product management, pricing, analytics and strategic project delivery.

Joanne, Chief Operating Officer

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