Credit Blog

Credit Blog

Find out more about credit and how you can improve your financial situation to get the things you want out of life

COVID + Credit: Protecting yourself and your credit file

/ Credit File

The Covid-19 crisis is affecting many aspects of our lives, and protecting your credit is a critical part of navigating these challenging times. As with any crisis, scams and hacking attempts are rife – with both individuals and companies being targeted.

So how can you protect yourself or your business from cyber security threats? And what are the red flags? Here’s some of our most frequently asked questions:

COVID + Credit: How to prioritise when money is tight

/ Credit File Finances Budgeting

While you should do your best to pay your bills on time every month,  that isn't always possible. If you find yourself in a tight spot, you may have to make hard financial decisions about where to channel your available resources. Thinking through which bills to prioritise can make a huge difference to your long-term financial recovery.

The decisions you make will be specific to your financial situation but use the following tips as a guideline. 

Your questions answered - the impact of COVID-19 on your credit file

/ Credit Finances Covid-19

At Equifax we have had a number of queries from customers asking how the current situation will impact their credit report and score, especially if they are struggling to pay bills on time. Or, what happens if they apply for a mortgage deferral. We answer some of those questions for you below.

Why have I been declined credit?

/ credit basics credit report personal finance

There are number of reasons why a lender may decide to decline your credit application. When you first apply for credit, credit providers such as lenders, phone or utilities companies can check your credit history alongside the information you have provided as part of your application process.

Using credit cards to build your credit profile

/ personal finance credit report credit basics

Credit cards can be an excellent way of building a strong credit history, as long as you stay on top of your payments.

How can I improve my credit record?

/ credit basics credit report

For anyone juggling payments and bills from various essential service providers, from electricity and phone connections to rent or a mortgage, getting on top of their credit score may feel like a looming goal. However, with a few changes, you can begin to repair an unfavourable credit report.

Protecting yourself against identity theft

/ credit report fraud & identity

Identity theft can occur to anyone - at its core, it involves the perpetrator masquerading as someone else in order to steal money or access other personal details.

Quick steps to protect yourself from identity theft

/ fraud & identity

Check out our quick guide to what to do if you are a victim of identity theft.

Maintaining your credit worthiness

/ credit basics credit report credit repair

By following these simple steps, you can monitor and maintain your credit reputation.

Amendment No 9 to the Code

/ legal

Assure compliance with new regulatory changes.

Understanding your credit file

/ credit basics credit report

Understanding your credit file assists you to make more informed decisions regarding your finances.

Anti-Money Laundering and Countering Financing of Terrorism Act 2009

/ legal

The AML/CFT Act introduces new obligations on some companies and these changes come into effect from 30 June 2013.  

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