Topic 6: Definition of closed accounts

Your credit report will usually also contain information on all your past credit accounts, including the type of account, the creditor’s name, your payment history and the date the account was opened and closed. Closed accounts within the last 6 years will be...

Topic 5: Definition of open accounts

Your open accounts are all your current open accounts related to credit or some insurance products. In some cases there might be outdated accounts as well. When you access your credit report, in downloaded form or online, you will notice a section that contains...

Topic 4: Definition of your credit record/history

The first step in getting credit is to ensure that you have a suitable credit record for credit lenders to view. Products and events that make up your credit history include: Loans Some insurance products Cellular contracts Credit checks from financial institutions...

Topic 2: Definition of a credit score

Learning how to define a credit score is the first step in getting to grips with your credit report. Later in this course, we’ll give you the tips and tricks you need to use your credit score as a head start on any credit application process. A credit score is a...

Topic 1: Definition of a credit report

Before you can understand your credit report and its findings, you’ll need to familiarise yourself with what a credit report is, what information it’ll present, and how to review it. We’ll be taking a look at everything you need to know about credit reports as you...