1var I=Object.defineProperty,H=Object.defineProperties;var D=Object.getOwnPropertyDescriptors;var A=Object.getOwnPropertySymbols;var j=Object.prototype.hasOwnProperty,P=Object.prototype.propertyIsEnumerable;var Y=(a,e,t)=>e in a?I(a,e,{enumerable:!0,configurable:!0,writable:!0,value:t}):a[e]=t,S=(a,e)=>{for(var t in e||(e={}))j.call(e,t)&&Y(a,t,e[t]);if(A)for(var t of A(e))P.call(e,t)&&Y(a,t,e[t]);return a},M=(a,e)=>H(a,D(e));import{_ as N,b as q,a as O}from"./MobileTextDisclaimer.CUHHKQSj.20260922.1.js";import{_ as B}from"./NuxtImg.vue.BZIayKtm.20260922.1.js";import L from"./MobileElementContainer.B0tAnH12.20260922.1.js";import{_ as G}from"./nuxt-layout.DHcBKy5p.20260922.1.js";import{b as K,d as F,a as R}from"./entry.BOROTlaC.20260922.1.js";import{W as c,X as T,M as o,Q as l,O as v,u as g,R as x,A as n,N as u,a3 as b,U as d}from"./vendor.FR97x4Nj.20260922.1.js";import"./NuxtPicture.vue.D5urOR8v.20260922.1.js";import"./_base.BcRRWRoM.20260922.1.js";import"./fontawesome.Dmk2QzYV.20260922.1.js";const $={thingsThatWillTankYourScore:{imgSrc:"https://mmestoragecdn.blob.core.windows.net/web2/images/Global/fs-cost-img.jpg",imgAlt:"We are team moneyme",title:"Things that can tank your credit score (ouch!)",disclaimers:["If thereâs one thing that will help to improve your score, itâs to stop doing the things that will make it go the other way.","So stay far away from these devious credit score-wreckers if you can."],sections:[{label:"ð¤ Overdue bills (late payment fees are not the worst part)",disclaimers:["If your telco and utility bills (like electricity, gas and water) are more than $150 and 60 days overdue, a default could be listed on your report. Thatâs a pretty yucky black mark that stays on your report for five years.","So, make sure to pay your bills on time to keep your credit history clean. Plus, youâll save a lot of pennies by avoiding those pesky late payment fees!","Set reminders for when your bills are due, and make sure you have enough cash in the bank to pay them when the time comes."]},{label:"ð¬ Missing your credit cards or loan repayments (itâs a big no-no!)",disclaimers:["Banks and lenders like us record customersâ negative and positive credit information, which allows us to give credit reporting agencies the full picture.","So, if you missed a credit repayment a few years ago⦠making all your repayments on time for an extended period of time can balance that out! This means itâs never too late to improve your credit score."]},{imgsrc:"https://mmestoragecdn.blob.core.windows.net/images/commsimg/rebrand/cs_emoji_16.png",label:"Donât shop around for credit",disclaimers:["Each time you apply for a credit product, it becomes a âhard enquiryâ on your credit file. Making too many hard enquiries in a short space of time signals to lenders that could be a little desperate for cash - or financially irresponsible."]},{disclaimers:["Credit scores are provided by Price Enquiry Pty Limited ACN."]}],hotTip:{imgSrc:"https://mmestoragecdn.blob.core.windows.net/images/commsimg/rebrand/cs_emoji_4.png",imgAlt:"bulb",text:"Hot tip: Pay your bills via Direct Debit or set up BPAY View to receive bills straight into your online or mobile banking.",position:0}}},J={thingsThatWillTankYourScore:{imgSrc:"https://mmestoragecdn.blob.core.windows.net/images/commsimg/rebrand/cs_email_a_gif.gif",imgAlt:"We are team moneyme",title:"What the heck is your credit score?",disclaimers:["Your credit score is a number that essentially tells banks and lenders like us how likely you are to pay them (us) back.","You can think of your credit score like a risk rating.","The lower your score, the riskier you seem as a borrower. On the other hand, if your credit score is high, itâs a sign that you have good financial habits and lending you money is less of a risky move."],sections:[{imgsrc:"https://mmestoragecdn.blob.core.windows.net/images/commsimg/rebrand/cs_emoji_2.png",label:"How is your credit score calculated?",disclaimers:["Credit reporting agencies in Australia gather information about your financial habits from banks, lenders, and even your electricity and phone plan providers. For example, if youâve taken out a credit card, whether youâve paid your bills on time and how frequently youâve applied for credit."]},{imgsrc:"https://mmestoragecdn.blob.core.windows.net/images/commsimg/rebrand/cs_emoji_17.png",label:"When do banks and lenders use your credit score?",disclaimers:["Typically, any time you apply for a loan or another form of credit, your score is used to determine things like:"]},{disclaimers:["<p class='mb-0'><img style='height: 22px; margin-top: -5px; margin-right: 5px;display: inline-block;' src='https://cdn.moneyme.com.au/images/commsimg/rebrand/cs_emoji_1.png' alt=''> Whether to lend you money or not</p>","<p class='mb-0'><img style='height: 22px; margin-top: -5px; margin-right: 5px;display: inline-block;' src='https://cdn.moneyme.com.au/images/commsimg/rebrand/cs_emoji_1.png' alt=''> How much money to lend you</p>","<p class='mb-0'><img style='height: 22px; margin-top: -5px; margin-right: 5px;display: inline-block;' src='https://cdn.moneyme.com.au/images/commsimg/rebrand/cs_emoji_1.png' alt=''> What type of interest rate or fees apply on your loan</p>"]}],hotTip:[{imgSrc:"https://mmestoragecdn.blob.core.windows.net/images/commsimg/rebrand/cs_emoji_4.png",imgAlt:"bulb",text:"Your MONEYME Credit Score is based on data from Equifax, Australiaâs leading credit reporting bureau.",position:0},{imgSrc:"https://mmestoragecdn.blob.core.windows.net/images/commsimg/rebrand/cs_emoji_4.png",imgAlt:"bulb",text:"The bottom line? A good score will boost your chances of being approved and help you get a better deal.",position:2}]}},U={thingsThatWillTankYourScore:{imgSrc:"https://mmestoragecdn.blob.core.windows.net/images/commsimg/rebrand/cs_email_b_gif.gif",imgAlt:"We are team moneyme",title:"Why you should care about your credit score",disclaimers:["Whether youâre looking to borrow money or just want to enjoy some credit card perks, hereâs why caring about your credit score (and checking it) is worth your time."],sections:[{imgsrc:"https://mmestoragecdn.blob.core.windows.net/images/commsimg/rebrand/cs/cs_emoji_30.png",label:"It can help (or hurt) your application",disclaimers:["When you apply for loans or other credit, the lender will look at lots of different factors to determine whether they give you the green or red light. Your credit score provides a snapshot of how risky you are as a borrower, so itâs an important factor.","If you have a low score you will be seen as a higher risk, and vice versa; The higher your score, the more reliable you seem.","Put simply, if you have a strong credit history, a lender is more likely to approve your application."]},{imgsrc:"https://mmestoragecdn.blob.core.windows.net/images/commsimg/rebrand/cs_emoji_11.png",label:"It can help you save on interest rates",disclaimers:["Lenders often use interest rates as a way to protect themselves against risk. This is called risk-based pricing: the riskier the borrower, the higher the interest rate.","This means, while a lender might still offer someone with a low credit score a loan, they might charge a higher interest rate on that loan.","In other words, if you have a high credit score you will likely strike a better deal and a lower rate when you apply for loans or credit."]},{imgsrc:"https://mmestoragecdn.blob.core.windows.net/images/commsimg/rebrand/cs_emoji_12.png",label:"It can bump up your borrowing limit",disclaimers:["Your credit score can also impact your borrowing limit. We, just like other lenders, are unlikely to want to lend a lot of money to a borrower who is unlikely to repay it.","So if your credit score is higher, you may be offered a higher borrowing limit (as in a higher loan amount or credit limit). If your score is lower, you may be offered a lower limit."]}],hotTip:{imgSrc:"https://mmestoragecdn.blob.core.windows.net/images/commsimg/rebrand/cs_emoji_4.png",imgAlt:"bulb",text:"Bottom line? Your score is important to keep an eye on. Checking on it regularly will save you from any nasty surprises when applying for a loan or other types of credit.",position:2}}},V={thingsThatWillTankYourScore:{imgSrc:"https://media0.giphy.com/media/xT0xeIoCEDgmxCuSm4/giphy.gif?cid=790b76110f9f748db56f4d6aa5ef6ebb0c3e762146885343&rid=giphy.gif&ct=g",imgAlt:"We are team moneyme",title:"3 not-so-obvious ways to improve your score",disclaimers:["Apart from keeping on top of your bills and repayments, there are some lesser known ways to give your score an upgrade.","And letâs be honest, we all love a good personal finance hack."],sections:[{label:"ð³ Keep a credit card (yes, you read that right)",disclaimers:["This one might sound a bit counter-intuitive, but hear us out.","Having a credit card (even multiple cards) can be a good thing for your credit score as long as you keep on top of your repayments and keep your account balance in check.","Why? Because it helps you demonstrate that you can be a reliable borrower. Just donât max it out."]},{imgsrc:"https://mmestoragecdn.blob.core.windows.net/images/commsimg/rebrand/cs_emoji_17.png",label:"If you can fight the urge to spend more, consider keeping a higher credit limit",disclaimers:["Ever thought that reducing your credit limit on cards would be a good move for your credit score? Well, itâs actually more likely to hurt your score than to improve it.","This is because your credit score takes into account your credit utilisation ratio, which is your balance divided by your limit.","Assuming your account balance would be the same, this ratio will be lower if you have a higher limit, which is a good thing for your score."]},{label:"ð§ Check your credit report for errors (and dispute them!)",disclaimers:["Credit reporting bodies have to give you access to your credit report for free once every 3 months.","If your credit score is lower than you expected (or if you just want to make sure itâs right), request your credit report and check that everything is correct."]},{disclaimers:["Credit scores are provided by Price Enquiry Pty Limited ACN."]}],hotTip:[{imgSrc:"https://mmestoragecdn.blob.core.windows.net/images/commsimg/rebrand/cs_emoji_4.png",imgAlt:"bulb",text:"Your MONEYME Credit Score is based on data from Equifax. Equifax is Australiaâs leading credit reporting bureau and used by most lenders.",position:2}]}},Q={thingsThatWillTankYourScore:{imgSrc:"https://i.giphy.com/media/10J7TJffS0ZrRC/giphy.webp",imgAlt:"We are team moneyme",title:"How fast can you boost your score",disclaimers:["There are three main credit reporting agencies in Australia, and they typically update your score within 30-45 days.","This means your credit score can change frequently, and your efforts can start paying off sooner than you might think.","While there are no magic tricks that will instantly boost your score, some things will have a faster impact while otherssome are really important for those longer-term gains."],sections:[{label:"ð Fix errors to improve your score fast",disclaimers:["One thing that can have a fairly immediate impact on your score is fixing any errors in your credit report.","Credit providers and credit reporting agencies make mistakes, too. Theyâre only human. Read your report carefully, and, if you spot any errors, get them fixed.","Common mistakes include doubled-up debts, missed repayments, and loans you never took out."]},{label:"ð§ Get clever with your credit cards"},{disclaimers:["To improve yours quickly, there are two things you can do with all your cards","First, if you can fight the urge to spend more, you may want to consider keeping a higher credit limit. Second, keep your balance low by making payments throughout the payment cycle, rather than waiting until the end.","How fast will it improve your score? You could start seeing the impact the next time your score gets updated by the credit reporting agency."]},{label:"ð
Start paying on time",disclaimers:["This one will take a little longer to show on your score, but is oh-so-important.","Whether itâs your phone bill or a personal loan, make repayments on timeâor early.. if you can, that is.","The more reliable you are with making repayments, the better.","Avoid overdue credit and loan repayments as if your credit score depended on it (because it does). Overdue accounts can leave a mark on your file for 5-7 years. ð¥²"]},{disclaimers:["Credit scores are provided by Price Enquiry Pty Limited ACN."]}],hotTip:[{imgSrc:"https://mmestoragecdn.blob.core.windows.net/images/commsimg/rebrand/cs_emoji_4.png",imgAlt:"bulb",text:"A big influence on your credit score is âcredit utilisationâ. This is a fancy word, referring to how much of your available credit you use at any one time. ",position:1}]}},X={thingsThatWillTankYourScore:{imgSrc:"https://i.giphy.com/media/xWBxhW4Xjjw5nmjXL8/giphy.webp",imgAlt:"We are team moneyme",title:"Surprising ways a credit card can improve your credit score",disclaimers:["You might think your credit card is the enemy of your credit score. But thatâs not necessarily the case. In fact, a credit card can help boost your scoreâif you use it right.","Here are four reasons why."],sections:[{label:"ð° Some history is better than none",disclaimers:["If youâve no past as a borrower, then itâs tough for a lender to predict your future.","Having a credit card with a healthy history is a big tick for your credit score because it suggests youâll be trustworthy next time you borrow."]},{label:"ðªð¿ Demonstrates reliability",disclaimers:["If youâve made your credit card repayments on time, then that demonstrates youâre a borrower who can be relied upon - and it can push your credit score higher.","That said, if thereâs a few late repayments on your record, donât panic! Make up for it by being on time in the future."]},{label:"ðð¼ââ Shows discipline",disclaimers:["Another thing that can affect your credit score is y
1our âcredit utilisation ratioâ. Your credit utilis ⦠what? To figure it out, divide the amount of credit available to you by the amount of credit youâre currently using.","The lower the ratio, the better. This pumps up your credit score by showing youâre responsible. In other words, you choose to use credit when you need to, not because youâre hopeless in the face of temptation."]},{label:"ð© Proves your money management skills",disclaimers:["Got more than one credit card and maybe even a couple of other debts?","Juggling many types of credit indicates youâre good at keeping your money under control, even when things are complex."]},{label:"ð Want to learn more?",disclaimers:["To show lenders that you are a-okay as a borrower, a good place to start is understanding what impacts your credit score."]},{disclaimers:["Credit scores are provided by Price Enquiry Pty Limited ACN."]}]}},z={thingsThatWillTankYourScore:{imgSrc:"https://i.giphy.com/media/9A55hLNB3MpWvpTUFk/giphy.webp",imgAlt:"We are team moneyme",title:"How to send your credit score soaringâor plummeting",disclaimers:["Does your credit score feel like a mystery number, guided by an unseen hand? Itâs not! Nearly everything you do, when it comes to borrowing and repaying money, can affect it. Hereâs how to send your credit score soaringâor plummeting."],sections:[{label:"âï¸ How to send your credit score to the moon",disclaimers:["The higher your credit score, the better you lookâin a lenderâs eyes.","One simple way to boost it is by making repayments on time, all the time. The same goes for utility bills. This signals to the credit gods that youâre unfailingly reliable.","Once youâve mastered repayments, focus on paying off your biggest debts. For credit cards, start with the ones that youâre paying the most interest on, as well as those that are about to hit their limitsâand work to reduce your balance. This will improve what is called your credit utilisation ratio, which in turn can boost your score.","Next up, request your credit file and examine it carefully. Credit reporters and credit bureaus are only human, and they make mistakes, too. If you spot any errors, get them fixed asap."]},{label:"ðð½ How to bring your credit score down, down, down",disclaimers:["Just as making timely repayments will boost your score, late repayments will send it in the opposite directionâespecially when lateness becomes a bad habit.","Another thing that can harm your credit score is applying for credit from multiple sources in a short period of time, especially short term credit. This tends to create the impression youâre desperate.","Also, avoid drastic events, such as bankruptcy, defaults and legal actions. Depending on how many there are, how long ago they occurred, and how much money is involved, these black marks on your credit file can give your credit score a nasty hit."]},{label:"â° Time for a change?",disclaimers:["Now that you have the lowdown on how to sort your credit score, what are you waiting for? Take your first step today and move a little bit closer to achieving your financial dreams."]},{disclaimers:["Credit scores are provided by Price Enquiry Pty Limited ACN."]}]}},Z={thingsThatWillTankYourScore:{imgSrc:"https://media3.giphy.com/media/9g0jJHe6VFLQA/giphy.gif?cid=790b7611aba4ed027620772522295062ebbf5834e60871ea&rid=giphy.gif&ct=g",imgAlt:"We are team moneyme",title:"âHow to tell a good credit score from a bad one",disclaimers:["On its own, a credit score is just a number. To know whether itâs âgoodâ or âbadâ, it helps to understand the context."],sections:[{label:"ð§ Who calculates your credit score?",disclaimers:["In Australia, there are three main credit reporting bodies: Experian, Equifax, and Illion.","They collect and store information that relates to your credit worthiness on whatâs called your âcredit fileâ. They are also the ones who calculate your credit score.","Banks and lenders can access this information to, for example, assess your loan application. Yup, thatâs why itâs so important!"]},{label:"ð Why your score might vary",disclaimers:["Have you checked your credit score in multiple places and received a different score each time?","Your score can move over time (
1and often does!) but thereâs another explanation to why this might be happening.","Each credit bureau scores differently, according to the information it has on you and its own formula. This means your credit score, and what it means, will vary between them."]},{label:"ð¤ So how do you know if your score is good?",disclaimers:["Well, the good news is weâll tell you what your score means and how lenders see it when you check your score with MONEYME.","But letâs get into the details.","Depending on the credit bureau, credit scores can range from 0-1200.","We get your data from Equifax which has a maximum score of 1200. This is how your score is categorised in the MONEYME app:","<table class='w-full border border-gray-300 mb-5 text-left table-auto'><tbody><tr><td class='border border-gray-300 px-3 py-2'>833 - 1,200</td><td class='border border-gray-300 px-3 py-2'>Excellent</td></tr><tr class='bg-gray-50'><td class='border border-gray-300 px-3 py-2'>826 - 832</td><td class='border border-gray-300 px-3 py-2'>Very Good</td></tr><tr><td class='border border-gray-300 px-3 py-2'>622 - 725</td><td class='border border-gray-300 px-3 py-2'>Good</td></tr><tr class='bg-gray-50'><td class='border border-gray-300 px-3 py-2'>510 - 621</td><td class='border border-gray-300 px-3 py-2'>Fair</td></tr><tr><td class='border border-gray-300 px-3 py-2'>0 - 549</td><td class='border border-gray-300 px-3 py-2'>Room for improvement</td></tr><tr class='bg-gray-50'><td class='border border-gray-300 px-3 py-2'><0</td><td class='border border-gray-300 px-3 py-2'>Needs attention</td></tr></tbody></table>"]},{label:"𤸠How can you take your credit score up a notch?",disclaimers:["When it comes to credit scores, one simple principle applies - the higher the score, the healthier your credit file and the more creditworthy you are deemed to be.","Are you disappointed with where your credit scoreâs at?","Your credit score can improve over time, and if you start making some changes you can see results fairly soon.","Stick with it and track your progress under Score History!"]},{disclaimers:["Credit scores are provided by Price Enquiry Pty Limited ACN."]}]}},ee={thingsThatWillTankYourScore:{imgSrc:"https://mmestoragecdn.blob.core.windows.net/images/mobile-article/200.webp",imgAlt:"We are team moneyme",title:"How to refinance your loan",disclaimers:["Whether you're looking to lower your monthly payments, consolidate multiple debts, top-up your loan (i.e. borrow more money) or simply explore better loan terms, refinancing could help"],sections:[{label:"â What is refinancing? ",disclaimers:["Refinancing gives you the flexibility to restructure your loan terms. This means you can request additional funds and shorten or extend the loan term which will influence your repayment amount. ","Common reasons for people to refinance include:","<ul><li>Consolidate multiple debts </li><li>Access additional funds </li><li>Get a lower repayment </li></ul>","Letâs dive into how to structure your refinance to achieve each of these. "]},{label:"ðï¸ï¸ Refinancing to consolidate debt",disclaimers:["Many of our customers take out a MONEYME personal loan to consolidate other debts (such as credit cards and other loans) into one loan. They often extend the loan term to make their monthly repayment lower and easier to manage. "]},{label:"ðµ Refinancing to access additional funds",disclaimers:["When refinancing, you can request additional funds (also known as a top-up) in addition to your current loan balance. For example, if you owe $7,000 on your personal loan, you could refinance to a $20,000 loan to access an additional $13,000."]},{label:"ð Refinancing to lower your monthly repayments",disclaimers:["If you want to ease financial pressure or free up cash for other expenses, you can lower your monthly repayments - either by qualifying for a lower interest rate than you are currently paying, or by extending your loan term. We donât charge any early repayment or exit fees so you can repay your MONEYME loan earlier without any penalty. "]}],hotTip:[{title:"How do I refinance?",text:"<p class='mb-3'>With MONEYME, the process is seamless. Our team will guide you through each step, ensuring you understand your options and helping you make informed decisions.</p><p>To refinance your MONEYME loan or credit card, call our customer service team on 1300 669 059.</p>",position:3}]}},oe={thingsThatWillTankYourScore:{imgSrc:"https://mmestoragecdn.blob.core.windows.net/images/mobile-article/intrigue.webp",imgAlt:"We are team moneyme",title:"Ever wondered what lenders know about you?",disclaimers:["When you apply for credit, your lender usually accesses your credit report (an extract of your credit file). So, what, exactly, does this tell them about your debt?","Quite a lot, as it turns out."],sections:[{label:"ðââï¸ How many accounts ",disclaimers:["Your lenders can find out how many credit accounts you've opened, as well as their balances. This indicates how often you change financial products or get new ones. Plus, it suggests how much risk you're already facing."]},{label:"ð How many enquiries ",disclaimers:["Your credit report also reveals how many times you've enquired about credit. Whether you were given it or not doesn't matter. ","Lots of enquiries can indicate you are a higher risk borrower, particularly if the enquiries were for small loans, which might suggest a lack of cash flow. ","Usually, enquiries are recorded when you reach the stage of telling a lender you want to pursue their offer. They then stay on your report for up to five years. "]},{label:"ðï¸ What you're like with repayments ",disclaimers:["Your lenders can also see what you're like with repayments. This includes your good behaviour (like repaying on time) and your not-so-good (like late and missed repayments). ","Do you tend to miss deadlines by a day or two? Missing your repayment deadlines can lead to pesky late payment fees and youâll pay more in interest, so it's best to pay on time. However, being a couple of days late wonât impact your credit file. Repayments must be 14
1+ days late to get on your record. But, once they're on, they remain for two years. ","If a repayment is $150+ and overdue by 60 days+, then it might be added as a default, and will hang around for up to five years (ouch). ","If you find yourself struggling financially, get in touch with your lender to discuss your situation.","An important thing to note is that financial hardship arrangements are not included in the calculation of your credit score, which means they wonât impact your score.â"]},{label:"ðª Want to do better? ",disclaimers:["If, historically, you haven't been as reliable as you are now, you can improve your standing. ","Key to this is turning your bad habits into good ones by:","<ul><li>Making repayments on time; </li><li>Rolling your debts into one, easy-to-manage bundle; and </li><li>If you're struggling financially, setting up hardship arrangements. <br> </li></ul>"]}]}},te={thingsThatWillTankYourScore:{imgSrc:"https://mmestoragecdn.blob.core.windows.net/images/mobile-article/miramax.webp",imgAlt:"We are team moneyme",title:"How your credit score is calculated",disclaimers:["Your credit score is a number that indicates what youâre like with borrowing money. But how is it worked out? ","Here are some of the factors in the mix."],sections:[{label:"ð Your history of making repayments ",disclaimers:["If you make repayments on time, every time, then this will help to boost your credit score, by showing youâre reliable.","But, the opposite is true, too. If youâre late with repaymentsâor miss them altogetherâthen this can lower your score. ","Other negative credit events that can do damage to your score include accounts with debt collectors, defaults, fraud listing, courts cases, and bankruptcy."]},{label:"ðµ Your debt ",disclaimers:["Another factor that influences your credit score is your past and current debtâincluding how many credit accounts you have and what types of credit.","For example, if youâve successfully applied for a variety of products, such as a couple of credit cards, a mortgage, and a personal loan, then this can help your score. It might demonstrate youâre in control of your money."]},{label:"ð³ Your applications for credit products",disclaimers:["Itâs not only your previous and current credit accounts that count. Any credit applications youâve made, regardless of whether they were approved or not, will be listed on your credit file as âcredit enquiriesâ.","Making several credit applications in a short period of time can impact your credit score negatively. "]},{label:"ðââï¸ What doesnât affect your credit score",disclaimers:["Despite common misconceptions, your bank balance, sexual orientation, race, origins, beliefs, affiliations, lifestyle, and medical history have zero impact on your credit score."]},{label:"ð¢ Who works out your credit score?",disclaimers:["In Australia, there are three main credit bureaus: Experian, Equifax, and illion. These credit bureaus collect and store credit reporting data from lenders and use this data to calculate your credit score. ","Your score might differ from one to the other. Thatâs because each bureau collects information independently and works out your score in its own way.","If you check your credit score in the MONEYME app, youâll see data from Equifax, Australiaâs leading credit bureau that is used by most lenders. The highest possible score is 1,200. "]}]}},re={thingsThatWillTankYourScore:{imgSrc:"https://mmestoragecdn.blob.core.windows.net/images/mobile-article/daayum.webp",imgAlt:"What your credit report can tell you",title:"What your credit report can tell you",disclaimers:["Your credit report gives you much more than your credit score. It also provides insights into your borrowing habits.","Here's the lowdown on what you can learn."],sections:[{label:"ðï¸ The big picture ",disclaimers:["Essentially, your credit report is a record of all things credit-related in your past.","These include negative events (like defaulting) to your enquiries for credit, to your accounts, to how long you've been using credit."]},{label:"ð Events you'd rather forget",disclaimers:["In credit land, negative events range from minor mistakes, like missed repayments, to major events, like accounts with debt collectors, defaults, fraud listings, court cases, and bankruptcy.","The former hang around on your file for two years, and the latter for as long as seven years."]},{label:"ð© Seeing something you don't remember? ",disclaimers:["If you see a negative event on your credit report that didn't happen, you can get it fixed. You can request a correction directly with the credit provider or via the credit reporting agency. This might also be an indicator of fraud, for example that someone has applied for credit using your identity, so it is a good idea to check your credit report regularly to protect yourself.","Free advice is also available via The National Debt Helpline on 1800 007 007, or at ndh.org.au or financialcounsellingaustralia.org.au."]},{label:"â³ How long have you been at it?",disclaimers:["Your credit report tells you how long you've been in the borrowing business. It begins when you first take out a loan or sign up for a long-term service that requires regular payments, such as a mobile phone plan or an electricity connection. ","Early in your credit history, your credit score is usually average. But, the longer you show yourself to be reliable, the higher it gets."]},{label:"ðï¸ See what the banks see",disclaimers:["You can view whatâs on your credit report in the MONEYME app.","Check your credit score and head to âInsightsâ to view any negative events, the age of your credit file, any credit accounts youâve had, and any enquiries (applications) youâve made in the past.","Not happy with your credit score? Your credit score insights will help you understand what has impacted your score and how you can improve it.","Your score updates every month, and, every time you take a responsible step, like making timely repayments, you could give it a boost. "]}]}},ae={thingsThatWillTankYourScore:{imgSrc:"https://mmestoragecdn.blob.core.windows.net/images/mobile-article/sheldon.webp",imgAlt:"Why personal loans arenât just for big purchases",title:"Why personal loans arenât just for big purchases",disclaimers:["When you think about personal loans, you probably imagine major purchases like new cars or big renovations. But did you know that an unsecured personal loan can be used for almost anything?","This includes consolidating debts or covering ongoing expenses like upskilling or health-related costs. While a personal loan can help you achieve a significant goal, itâs also a tool to better manage your money. "],sections:[{label:"ð° Consolidating your debts",disclaimers:["Managing multiple debts with different interest rates and repayment deadlines can be complicated. Consolidating your debts into a single personal loan simplifies this, giving you just one monthly repayment and often a lower interest rate. "]},{label:"ð Paying for living costs",disclaimers:["High inflation has increased living costs across the board. A personal loan can help cover these daily expenses. Borrow a lump sum, create a repayment plan, and budget accordingly. This allows you to plan your spending in advance rather than week to week. "]},{label:"ð Meeting other expenses",disclaimers:["Personal loans can help you cover other expenses like upskilling, gym memberships, or medical expenses. A personal loan can help you take advantage if significant discounts are offered for upfront payments, or if the unexpected happens and you suddenly have a large expense that you donât have the savings for.","With a personal loan, you can repay at a pace that suits you. If you borrow with MONEYME, you get to choose a repayment plan to fit your budget and lifestyle."]},{label:"ð¡ The bottom line",disclaimers:["While a personal loan can give you a lump sum to achieve a significant goal, you can also think of it as a tool that helps you manage your money better. Whether itâs to consolidate debts or cover unexpected or large expenses."]}]}},ie={thingsThatWillTankYourScore:{imgSrc:"https://mmestoragecdn.blob.core.windows.net/images/mobile-article/do-this.webp",imgAlt:"Debt consolidation: what to know before you apply",title:"Debt consolidation: what to know before you apply",disclaimers:["Are you repaying multiple debts? Juggling multiple repayment deadlines and interest rates can take up a lot of time and effort. ","One way out of this confusion is debt consolidation. This involves rolling all your debts together into one personal loan, so you make a single repayment each month (instead of several). It often lowers the overall cost of interest and fees, too.","Hereâs how to prepare before you apply."],sections:[{label:"ð± Check your credit score",disclaimers:["Your credit score indicates how reliable youâve been financially. Missed repayments or defaults can lower your score, making lenders more reluctant to approve your consolidation loan.","View your score for free with MONEYMEâs credit score tool in the app. If itâs low, donât panic; there are steps you can take to improve it. "]},{label:"ð³ List all your current debts",disclaimers:["Once youâve checked your credit score, the next step is rounding up the debts you intend to consolidate. These may include credit card debt, personal loans, payday loans, and buy-now-pay-later debts. ","Check how much you would need to pay them off completely. Donât forget to include any early exit fees your current credit providers might charge.","FYI, MONEYME doesnât charge any early exit fees on our personal loans, but many other lenders do."]},{label:"ðï¸ Calculate your monthly repayments",disclaimers:["While a debt consolidation loan can save you money, time, and hassle, itâs important to know that you can manage it financially.","With MONEYME, you can get a conditional loan offer for debt consolidation and check your rate and repayments without impacting your credit score. Compare this with your current arrangements to see if consolidation is the right choice for you."]},{label:"ð Get ready to apply",disclaimers:["Most lenders want to know that youâll repay your debt consolidation loan reliably, so they need evidence that youâre in a good position to meet deadlines. This usually includes documents demonstrating your income and expenses.","MONEYMEâs application process is entirely digital, which means thereâs no physical paperwork required. Just have your ID or Australian driverâs licence ready for your identity verification."]},{label:"ð¡ The bottom line",disclaimers:["By following these steps, youâll be better prepared to submit your debt consolidation loan application. Youâll also have a clear idea of how it will benef
1it you and what it will mean for your financial future. "]}]}},se={thingsThatWillTankYourScore:{imgSrc:"https://mmestoragecdn.blob.core.windows.net/images/mobile-article/answers.webp",imgAlt:"What GDP and inflation mean for your money",title:"What GDP and inflation mean for your money",disclaimers:["GDP and inflation are key markers of a nationâs economy. Slow and steady growth can lead to greater profits, more jobs, and higher wages. But when both increase too quickly, managing your finances can become stressful. What exactly are GDP and inflation, and how do they impact you?"],sections:[{label:"ð Defining GDP and inflation in plain English",disclaimers:["GDP stands for gross domestic product, referring to the market value, in dollar terms, of a nationâs total goods and services produced.","Inflation, on the other hand, measures the average increase in prices of a nationâs goods and services, usually over a year."]},{label:"ð¼ Whatâs the relationship between GDP and inflation?",disclaimers:["The relationship between GDP and inflation is complex. An increase in GDP often coincides with an increase in inflation. A growing GDP indicates a growing economy with low unemployment and higher wages, which increases household incomes. This creates greater demand for goods and services, and if demand grows faster than supply, prices rise. Slow, steady growth in GDP, with inflation around 2-3% per year, is beneficial. It indicates providers of goods and services are making decent profits, creating jobs, and paying better wages, which improves the standard of living for everyone."]},{label:"ð° Whatâs monetary policy?",disclaimers:["Central banks use interest rates to manage inflation - this is whatâs called monetary policy. In Australia, our central bank is called the Reserve Bank of Australia (RBA).","When inflation is high, the RBA can decide to increase the cash rate. When the cash rate increases, the cost of borrowing money goes up, which can help to curb spending and, in turn, reduce inflation. "]},{label:"ð What does inflation mean for your finances?",disclaimers:["When inflation rises, essentials like groceries and energy bills become more expensive, leading to an increased cost of living. If the RBA also increases the cash rate, this often leads to higher interest rates on loans and mortgages, which can further add to cost-of-living pressures.","Inflation also impacts your savings. This is because the money you have today will be worth less in a yearâs time if the price of goods increases. To combat this, you could look to put your savings in a high interest savings account."]},{label:"ð¸ How to manage inflation",disclaimers:["When inflation and interest rates are high, your debt can get more difficult to manage. If you have multiple loans, credit cards, and buy-now-pay-later accounts, you could consider debt consolidation. This can help you lower your monthly repayments and often helps to reduce the overall interest cost of your debt.","On the other hand, when inflation is under control, your money goes further. If youâre in debt, this could be a good time to focus on paying it down, starting with overdue accounts and more expensive debt."]},{label:"ð¡ The bottom line",disclaimers:["Managing your money proactively during different economic conditions can help you stay on top of your financial goals. "]}]}},ne={thingsThatWillTankYourScore:{imgSrc:"https://mmestoragecdn.blob.core.windows.net/images/mobile-article/getting-a-personal-loan.webp",imgAlt:"Getting a personal loan: Does your job matter?",title:"Getting a personal loan: Does your job matter?",disclaimers:["When you apply for a personal loan itâs important to put your best foot forward. Too many rejected applications could negatively impact your credit score.","Your lender will consider a variety of factors â from your spending habits to your debts. And your employment status is one of them.","So, it helps to understand how your lender might look at it."],sections:[{label:"ð Do you work full-time or part-time?",disclaimers:["If you work part-time, you might worry this will prevent you from getting a personal loan.","However, at MONEYME, we donât draw a distinction between full-time and part-time employment.","Whatâs more significant is how you manage your money. We take responsible lending seriously and want to ensure to the best of our ability that you can repay your loan without putting yourself under financial stress. ","You might work part-time, but if youâve enough cash left over to make repayments comfortably, then you could consider applying â so long as you meet the other eligibility criteria."]},{label:"ð Are you employed permanently or on a casual basis?",disclaimers:["Whether your job is permanent or casual can make a difference.","Most lenders set a minimum income, and some may require that youâve worked at your job for a particular length of time.","At MONEYME, our minimum income requirement is $30K per year. If youâre employed on a casual basis we also prefer that you have been employed in your current role for at least a year. This suggests youâre in a sufficiently predictable situation to make repayments. ","For permanent employees, thereâs no minimum employment period."]},{label:"ð§âð» What happens if youâre self-employed?",disclaimers:["Some lenders are unwilling to offer personal loans to self-employed people.","At MONEYME, you are eligible to apply if your ABN has been active for at least three months, although you might be offered a lower limit if your ABN has been in use for less than 12 months."]},{label:"ð¤ How do lenders assess your employment status? ",disclaimers:["Your lender will ask you to prove your employment status by submitting documentation, such as pay slips or bank statements.","MONEYME has streamlined the application process, and weâll verify your employment through online bank statements, so you won't have to submit paperwork."]},{label:"â
When to apply",disclaimers:["Before applying for a personal loan, itâs essential to feel confident you can make repayments.","If your employment status fulfills your lenderâs criteria â and
1you meet their other requirements â then it could be time to apply"]}]}},le={thingsThatWillTankYourScore:{imgSrc:"https://mmestoragecdn.blob.core.windows.net/images/mobile-article/what-does-it-cost-you-to-move.webp",imgAlt:"What does it cost to move and how can you save?",title:"What does it cost to move (and how can you save)?",disclaimers:["Relocating can be pricey. Here, we look at the expenses you should know about before moving, and how to manage them."],sections:[{label:"ð° How much money do you need?",disclaimers:["One of the major expenses is shifting your belongings. Professional removalists charge upwards of $200 per hour.","Then there are the costs of setting up your new place. Consider whether your current furniture will work in your new place, and if youâll need extra items, including white goods.","Typically, the landlord asks for six to eight weeks rent up-front â made up of your bond and two to four weeks rent in advance. Moving to pay less rent? You might have some money left over once your previous bond is refunded. But, remember, there could be a delay, deduction or dispute if your former landlord raises an issue.","One way to prevent a cleaning-related issue is to pay a professional cleaner for an end-of-lease clean. For a two-bedroom apartment, this might set you back around $300.","Youâll also need to meet the costs associated with utilities, such as electricity, gas and internet. When disconnecting, youâll owe whatever charges remain on the service, plus there could be a connection fee at your new place. Schedule the change before you move, so you donât end up without utilities."]},{label:"ð· Managing the costs (and how to save)",disclaimers:["These expenses might sound confronting, but you can make them more manageable.","If you donât have the cash upfront you could pay for some of the costs on your credit card. This can be handy if you know youâll be able to pay it off quickly.","However, itâs important to note that credit cards usually have relatively high interest rates, and credit card payments are not always available (or advisable) for rent or bond payments.","One option is a personal loan. This involves borrowing a lump sum, so you can pay costs up-front, then repay over a set period at generally a lower interest rate than a credit card. MONEYMEâs loans are fast and simple â you can apply straight from the app. If approved, youâll typically receive the funds to your bank account in a matter of minutes.","Another approach is DIY. Instead of paying professional removalists, hire a van, and, rather than engaging cleaners, hire the equipment you need to do it yourself, like a carpet steam cleaner. ","You can also earn cash by selling unneeded furniture via a trading site, such as Marketplace. And, while youâre there, buy anything you need second-hand â or search for freebies.","Before connecting utilities, shop around for the best price using a comparison site. If a competitor is offering a cheaper service than your current provider, try to negotiate a better deal. "]},{label:"ð¡ Making the move ",disclaimers:["Moving might be financially challenging, but it could well be worth it in the long run â especially if youâll save on rent.","The trick is to understand your expenses, and then take steps to make them more affordable or manageable."]}]}},ce=Object.freeze(Object.defineProperty({__proto__:null,debtConsolidationWhatToKnowBeforeYouApply:ie,everWonderedWhatLendersKnow:oe,gettingAPersonalLoanDoesYourJobMatter:ne,hotToTellAGoodCreditScore:Z,howFastCanYouBoost:Q,howToRefinanceYourLoan:ee,howTosendYourCreditScore:z,howYourCreditScoreIsCalculated:te,suprisingWayACredit:X,thingsThatWillTank:$,threeNotSoObvious:V,whatDoesItCostToMoveAndHowCanYouSave:le,whatGdpAndInflationMeanForYourMoney:se,whatTheHeck:J,whatYourCreditReportCanTellYou:re,whyPersonalLoansArentJustForBigPurchases:ae,whyYouShouldCare:U},Symbol.toStringTag,{value:"Module"})),de={"things-that-will-tank-your-score":{dataKey:"thingsThatWillTank",title:"Things that can tank your credit score (ouch!)",description:"Learn about the things that can negatively impact your credit score"},"what-the-heck-is-your-credit-score":{dataKey:"whatTheHeck",title:"What the heck is your credit score?",description:"Understanding what your credit score is and how it works"},"why-you-should-care-about-your-credit-score":{dataKey:"whyYouShouldCare",title:"Why you should care about your credit score",description:"The importance of maintaining a good credit score"},"3-not-so-obvious-ways-to-improve-your-score":{dataKey:"threeNotSoObvious",title:"3 not-so-obvious ways to improve your score",description:"Lesser known tips to boost your credit score"},"how-fast-can-you-boost-your-score":{dataKey:"howFastCanYouBoost",title:"How fast can you boost your score",description:"Timeline and strategies for improving your credit score quickly"},"surprising-ways-a-credit-card-can-boost-your-score":{dataKey:"suprisingWayACredit",title:"Surprising ways a credit card can improve your credit score",description:"How credit cards can actually help your credit score"},"how-to-send-your-credit-score-soaring-or-plummeting":{dataKey:"howTosendYourCreditScore",title:"How to send your credit score soaringâor plummeting",description:"Strategies to boost or hurt your credit score"},"how-to-tell-a-good-credit-score-from-a-bad-one":{dataKey:"hotToTellAGoodCreditScore",title:"How to tell a good credit score from a bad one",description:"Understanding credit score ranges and what they mean"},"how-to-refinance-your-loan":{dataKey:"howToRefinanceYourLoan",title:"How to refinance your loan",description:"Complete guide to loan refinancing options and benefits"},"ever-wondered-what-lenders-know-about-you":{dataKey:"everWonderedWhatLendersKnow",title:"Ever wondered what lenders know about you?",description:"When you apply for credit, your lender usually accesses your credit report"},"how-your-credit-score-is-calculated":{dataKey:"howYourCreditScoreIsCalculated",title:"How your credit score is calculated",description:"Your credit score is a three-digit number that summarises your creditworthiness"},"what-your-credit-report-can-tell-you":{dataKey:"whatYourCreditReportCanTellYou",title:"What your credit report can tell you",description:"Your credit report contains detailed information about your credit history and current credit accounts"}
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