Video with Sumit Joshi, RyRo Loan Centre
Three ways to improve your credit score
- 0:45
- Posted 4 June 2025
- Read the transcript
What this video covers
Three ways to improve your credit score before you apply for a home loan: pay every bill and loan on time, limit credit enquiries, and check your credit report for errors and dispute them.
Related: Credit scores and home loans
Transcript
What Sumit says
0:00Want to improve your credit score? Here are the three easy ways. Pay your bills and loans on time. Your repayment history is a major factor in your credit file. Pay your bills on time. Set up a direct debit for all the loans
0:16and the utility bills. Reduce your credit inquiries. Applying for multiple loans in a short period of time can impact your credit score. Check and fix errors in your credit report.
0:30Mistakes in your credit file can reduce your score. Request a free credit report from Equifax or Experian. If you find incorrect listings, dispute them, contact them and get them removed.
Transcribed from the video and lightly corrected. General information only, not advice for your situation. See our disclaimer.
More videos
Sumit · 1:35What banks look at before they lend
The three things a bank looks at before it lends on your first home: your total income (including overtime and bonuses), the debts you already have, and the savings you have for the deposit and stamp duty.
Sumit · 1:07Buying a home in NSW, step by step
The six steps from finding a home to settlement in NSW: the initial deposit, the contract, the five day cooling off period, the 10% deposit and settlement, usually about 42 days after the contract is signed.
Sumit · 0:24First home buyer? Questions to ask first
The questions a first home buyer should answer before they apply: do you qualify for the government scheme, which lender suits your situation and how much savings you need.
Talk to a broker
Every situation is different. Talk yours through.
We generally respond within an hour. Prefer to pick a time? Book your strategy call online or contact us.
Sumit Joshi JP
Principal broker, Credit Rep 446824
- A broker reads your details and calls you back
- No obligation and no credit check
- Free for home loans: the lender pays us
- From 360+ Google reviews
- 5.0
- Clients helped
- 2,500+
- Broker fees on home loans
- $0
“Sumit is an outstanding mortgage broker. He patiently worked through our application and got us an awesome result when many other brokers wouldn't assist as we are small business owners. Thank you!”
Sumit Joshi JP, Credit Rep 446824. AFG Award Winner 2013 to 2019 and AFG Excellence Awards finalist 2022 to 2026.