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Jetski Loans Australia :: Articles

5 Credit Killers

What are the top factors that can damage your credit score?

5 Credit Killers

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

A good credit score speaks volumes about your financial habits. It's the evidence most creditors need to evaluate your credit worthiness.
Interestingly, there are some credit killers that even people maintaining good credit scores would unwittingly be a part of, which will be their undoing when applying for credit facilities in the future.
These mistakes may seem to be insignificant, but when the time comes, you may face more problems than you expect.

Avoiding Debt

Creditors need to evaluate your financial history to approve any credit facilities.
If you have no previous or existing debts, it might adversely affect your case, as creditors have no way of checking out how you'll handle the credit you get from them.

Shopping For Rates

Looking around for the best rate may actually turn out to be bad.
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Too many inquiries within a short period could damage your credit score.
Usually, if you do more than 3 or 4 inquiries within a single month, you are likely to scare the lenders. For the same reasons, transferring the balances on your credit cards could be a bad idea as well.

Assuming There's a Grace Period

If you are late on a payment by even one day, you are late, period.
Never assume there's a grace period for late payments, because it only affects your credit score negatively.

Closing Old Accounts

Because your relevant transaction history also gets erased when you close your old accounts, your credit history is shortened and it may lower your credit score.
If you want to close your old accounts, close everything except the oldest account, which will leave a longer history.

Co-signing Loans

The obvious problem here is that the primary borrower's mistakes will end up on your credit report as well.

Published: Sunday, 1st Aug 2021
Author: Paige Estritori


Jet Ski Loans Articles

New vs Used Jetski: A Cost-Benefit Analysis of Jetski Ownership
New vs Used Jetski: A Cost-Benefit Analysis of Jetski Ownership
Imagine cutting through the sparkling waters, the sun on your skin, and the thrill of speed and spray - this is the exhilarating world of jetski ownership. It's a realm where freedom meets adventure, where weekends transform into adrenaline-fueled escapes. However, the rush of riding the waves isn't without its costs, and savvy enthusiasts know that budgeting for your aquatic escapades is as essential as the lifejacket you wear. It's about balancing passion with practicality. - read more
The Top Jet Ski Brands in Australia: Which One Is Right for You?
The Top Jet Ski Brands in Australia: Which One Is Right for You?
When it comes to purchasing a jet ski, choosing the right brand is crucial for ensuring a safe and enjoyable experience. There are various jet ski brands available in Australia, each with their unique features and specifications. - read more
Wave Riding on a Budget: Low-Cost Loan Strategies for Your Next Jetski Purchase
Wave Riding on a Budget: Low-Cost Loan Strategies for Your Next Jetski Purchase
The thrill of slicing through the waves, the rush of the open water, and the spirit of adventure all encapsulate the undeniable excitement of jetskiing. In Australia, with its vast and spectacular coastlines, owning a jetski is a dream many aspire to achieve. The power to zip across the sea at your own pace is not just a hobby; it's a lifestyle that beckons adventurers and water sports enthusiasts alike. - read more
Your Comprehensive Budget Checklist for Buying a Jetski
Your Comprehensive Budget Checklist for Buying a Jetski
Welcome to our comprehensive guide on the unexpected costs of owning a jet ski. While the idea of cruising on the open water can be exhilarating, it's essential to be aware of the hidden expenses that come along with owning a jet ski. - read more
7 Reasons Why Jet Skis Are The Best Way To Enjoy The Water
7 Reasons Why Jet Skis Are The Best Way To Enjoy The Water
In this article, we'll explore 7 reasons why jet skis are the best way to enjoy the water. From the ability to explore new areas to the thrill of the ride, jet skis offer a unique and exciting experience that everyone should try at least once. So, what are you waiting for? Grab a life jacket and let's get started! - read more

Finance News

Australia's Marine Industry Surges to $229 Billion Economic Output
Australia's Marine Industry Surges to $229 Billion Economic Output
05 Dec 2025: Paige Estritori
Australia's marine industry has demonstrated remarkable resilience and growth, achieving an economic output of $229 billion in 2023. This represents a 19% increase compared to two years prior, as reported by the Australian Institute of Marine Science (AIMS). The sector now supports 712,000 full-time equivalent jobs, marking a 52% rise in employment. - read more
Australia and Vanuatu Strengthen Ties with $325 Million Nakamal Agreement
Australia and Vanuatu Strengthen Ties with $325 Million Nakamal Agreement
05 Dec 2025: Paige Estritori
In a significant move to bolster regional partnerships, Australia and Vanuatu have signed the Nakamal Agreement, a $325 million bilateral treaty aimed at enhancing economic, security, and cultural cooperation. Named after Vanuatu's traditional communal meeting place, the 'nakamal,' this agreement underscores the deepening ties between the two nations. - read more
Austal Limited Boosts U.S. Shipbuilding with $100 Million EFA Loan
Austal Limited Boosts U.S. Shipbuilding with $100 Million EFA Loan
05 Dec 2025: Paige Estritori
Austal Limited, a prominent Australian shipbuilder, has secured a $100 million loan from Export Finance Australia (EFA) to enhance its shipbuilding operations in Mobile, Alabama. This strategic funding is earmarked for the development of the Final Assembly 2 (FA2) project, a significant initiative aimed at increasing Austal's capacity to construct vessels for the U.S. Navy and Coast Guard. - read more
EU's Strategic Investment in Australian Critical Minerals
EU's Strategic Investment in Australian Critical Minerals
27 Nov 2025: Paige Estritori
The European Union (EU) is set to make direct investments in Australian critical minerals projects, aiming to secure essential resources vital for industries such as artificial intelligence (AI) and defence. This strategic move follows discussions between EU Trade Commissioner Maros Sefcovic and Australian Resources Minister Madeleine King, highlighting the EU's commitment to diversifying its supply chains and reducing reliance on unstable external sources. - read more
Strengthening Pacific Ties: The Nakamal Agreement
Strengthening Pacific Ties: The Nakamal Agreement
27 Nov 2025: Paige Estritori
In a significant move to bolster regional partnerships, Australia and Vanuatu have signed the Nakamal Agreement, a $325 million bilateral treaty aimed at enhancing economic, security, and cultural cooperation. Named after Vanuatu's traditional communal meeting place, the 'nakamal,' this agreement underscores the deepening ties between the two nations. - read more
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