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Good Credit Rating without credit, is it possible ?

Posted by VanWallsing VanWallsing
Message 1 of 2 1,713 Views

I know that by using a credit card and paying it off regulary will create a good credit rating (not that there is a good rating but just the absence of a bad one). But if I deposit money on a credit card and only use the deposited funds (not the actual credit funds available), will I still get a good credit rating for the card ?

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Re: Good Credit Rating without credit, is it possible ?

Posted by SarahF SarahF
Message 2 of 2 1,696 Views

Hi @VanWallsing, thanks for your question! There are a lot of factors that are involved with credit ratings in Australia and they're not decided/created by Bankwest so I'll link you to this site instead which helps to explain it in a fair bit of detail. Let me know how you go.

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