You can use these loans to pay for emergency surgery, longer treatments, rehabilitation, and other vet expenses.
We offer flexible loan terms and an Australian-based personal loan advisor to help guide you through the application process.
We can also give you a personalised interest rate so you know can get an estimate of what you're expected to pay each week or fortnight. Once settled, you can rest assured your family pet will get the treatment and care it needs.
What is a Credit Score?
A credit score, also known as a credit report, is a number that represents your creditworthiness out of a possible 1200. Creditworthiness is determined by your credit report. A credit report shows financial institutions and accredited lenders (like NOW Finance) information such as:
– How many times a company has checked your report to assess your creditworthiness
– If you have any defaults (unpaid bills, overdue credit card payments, or unpaid loans) recorded on your history
– If you have been accepted or rejected for credit or loans in the last 90 days
– Any bankruptcies or court judgements, such as being party to a Part IX Debt Agreement
A higher credit score means you have better credit or creditworthiness than someone with a lower credit score. Scores of 900-1200 are “excellent”, 726-832 are “very good” 622-725 are “good” and anything below 621 is considered “average.”
How Do I Check My Credit Score?
All Australian citizens and permanent residents are entitled to check their credit history once per year for free. There are three major credit reporting bureaus which keep track of credit histories in Australia. You can use any three of these bureaus to check your credit score. The bureaus are:
– Equifax Australia
– Illion (formerly Dun and Bradstreet (Australia) Pty Ltd)
– Experian Australia Credit Services Pty Ltd
Some credit reporting bureaus offer services that notify you of changes to your credit score to help stop identity theft. These services usually incur a fee.
Checking your credit score or credit history is a good way to check if your credit report contains errors. Unfortunately, it is your responsibility to look for errors and correct them. Inaccurate information could be lowering your credit score and can stay there for up to seven years.
How A Credit Score Affects Personal Loan Interest Rates
Higher credit scores show lenders you are a lower risk compared to people with lower credit scores. Borrowers with higher credit scores may be eligible for lower interest rates.
If you have your credit score, you could be able to get a more accurate picture of what interest rates are available to you. Click here to get your own personalised interest rate (without any credit checks.)
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