Does age impact your credit score?
I was chatting with my son Joel the other day, who works with me, and we
were assessing our credit scores.
And while this is anecdotal evidence, we have noticed this over the years.
Younger people are judged as being less creditworthy.
For instance, his credit score is 900+...
And he’s 22.
Now that’s very high for a 22 year old.
Mine is also in the nine hundreds, yet I have a missed payment which is
probably still showing up from April last year when COVID first hit, and
we forgot to pay one or two credit cards.
Despite this, my missed payment is probably making very little to no
difference at all because of my age, my stability and the kind of
enquiries I make.
What does this mean to you?
When working with younger clients, know they are at higher risk for a
bad credit score.
And perhaps do a quick check first, to save yourself time -- and have
higher odds of the loan actually being approved.
If you need help, reach out to us directly and call us today on 1300 667 218.
Remember, we have over 138 reviews on Google with a 4.8* rating
And we’re more than happy to help with any questions you may have -
including the quickest way to ‘boost’ a credit score, which I’ll be talking
about in my next email.
P.S. Remember we have an independently audited 91.6% rate of removal of inconsistent or inaccurate negative data from Australian and New Zealand credit reports.
So next time you need help for your clients, simply call us
Or, click here and book a time into my diary and I’ll
brainstorm a plan to get more deals across the line for
you and your clients.
Legal Practice Holdings Group Pty Ltd ta MyCRA Lawyers -
Level 1, Suite 12, 104 Gympie Road, Strathpine 4500 |
Tel: 1300 667 218
- ABN: 12 615 900 788
- Tel: 1300 667 218 | Fax: 1300 665 894
- Suite 12, 104 Gympie Road Strathpine, QLD 4500 Australia
- Liability Limited By A Scheme Approved Under Professional Standards Legislation
- Australian Credit Rep number: 535627 under ACL: 531474
Legal Practice Holdings: ACL 531474 & AFCA Member Number: 38017,
Legal Practice Holdings Group ACR 535627 & AFCA Member No: 83703
See our 91.6% Audit Certificate HERE
Graham Doessel - MyCRA Lawyers' CEO
Please Note: This contains examples, case studies, Google Reviews, and testimonials
of our happy clients talking about their successes.
I am sure you realise that every legal case, every legal file and every legal matter is unique,
different, and specific to that person and their circumstances.
If we think your chances of success are low, or sometimes non-existent, we will tell you.
In fact, before we agree to take you on as a client, we must see an up-to-date copy of your
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make sure you are fully aware of your options and risks, even if that means not dealing with
Remember: past results are not a guarantee of your future success.
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