Increasingly in Australia, the better your credit score, the more money you could save.
Your credit score is important as it can determine whether you can access credit, as well as the terms or rates available to you. So you should definitely know your credit score before you apply. Get loan ready!
By knowing your score, you can have the confidence and may be able to negotiate to get a better deal.
Some financial institutions and providers are already beginning to offer risk-based pricing. So, if you have a higher credit score you could be offered a lower interest rate.
Knowledge is power so get to know your credit score and do your research before you apply!