this post was submitted on 25 Jul 2026
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Here in Australia it's basically a myth.
There's two agencies that keep track of what debts you have, and whether you're behind on your payments or whatever.
The "score" is just an effort to reduce that information to a single number, but lenders are interested in the file, not the score.
For example, the file might show that your score is good, but if half a dozen lenders have requested your file in the last 2 weeks that indicates that you're desperate for finance, but 6 other lenders have found a reason not to give you any money.
Lenders are in the business of lending money. If you need to borrow $100k to buy a $500k house, any lender will be happy to give you the money.
Basically, your score doesnt matter just be sensible with your finances.