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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.
Debt Stressed?
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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

Registration and Licenses: Hidden Fees of Jet Ski Ownership
Registration and Licenses: Hidden Fees of Jet Ski Ownership
Jet skiing is an exhilarating water sport that many Australians enjoy, especially during the warmer months. With the vast and beautiful coastline that the country offers, it's no wonder that jet skis are becoming a popular addition to many households. - read more
Your Guide to Quick Approval Jetski Loans
Your Guide to Quick Approval Jetski Loans
Welcome to our guide on jetski loans! Whether you're a thrill-seeker or simply love spending time on the water, owning a jetski can be an exciting adventure. - read more
Can I Get a Jet Ski Loan With Poor Credit?
Can I Get a Jet Ski Loan With Poor Credit?
If you’re looking to finance a new or used jet ski, you may be wondering if it’s possible to get a loan with bad credit. The short answer is yes – and it may be easier than you think, but there are a few things you need to know before you start the process of applying for a loan. - read more
Financial Tips for First-Time Jetski Buyers in Australia
Financial Tips for First-Time Jetski Buyers in Australia
Buying your first jetski is an exciting venture, offering a unique combination of fun, thrill, and the freedom to explore Australia's beautiful waterways. However, it's crucial to make a well-informed purchase to ensure that your investment complements your lifestyle and financial circumstances. - 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

Finance News

Australia Partners with Japan's Mitsubishi for $6.5 Billion Warship Fleet
Australia Partners with Japan's Mitsubishi for $6.5 Billion Warship Fleet
22 Jan 2026: Paige Estritori
In a landmark decision, Australia has awarded a AU$10 billion (US$6.5 billion) contract to Japan's Mitsubishi Heavy Industries for the construction of 11 Mogami-class frigates. This agreement signifies the most substantial defense industry collaboration between the two nations to date. - read more
Marsh Secures Role in Australian Navy's Maritime Insurance Program
Marsh Secures Role in Australian Navy's Maritime Insurance Program
22 Jan 2026: Paige Estritori
Global insurance broker Marsh has been appointed by the Australian government to oversee the insurance and risk advisory components of the Royal Australian Navy's Maritime Insurance Program (MIP). This program is integral to the nation's extensive naval fleet expansion and infrastructure development initiatives. - read more
GT Insurance Provides Flexible Solutions Amid Trade Uncertainties
GT Insurance Provides Flexible Solutions Amid Trade Uncertainties
22 Jan 2026: Paige Estritori
In response to recent shifts in global trade dynamics, GT Insurance is reaffirming its commitment to supporting Australian marine clients navigating these challenges. The imposition of US tariffs—25% on Australian steel and aluminium, and 10% on other exported goods—has introduced new uncertainties for local exporters, particularly in sectors like beef and bulk freight. These tariffs, effective from April 5, 2025, have prompted concerns about declining export volumes and reduced freight margins. - read more
LMG's Asset Finance Exchange Hits $80 Million Milestone in First Year
LMG's Asset Finance Exchange Hits $80 Million Milestone in First Year
14 Jan 2026: Paige Estritori
In a remarkable demonstration of Australia's thriving asset finance sector, Loan Market Group's Asset Finance Exchange (AFX) has reported approximately $80 million in settlements within its inaugural year. This achievement underscores the platform's effectiveness in connecting brokers and asset finance specialists, thereby streamlining the financing process for clients. - read more
AMMF Partners with AFG to Enhance Asset Finance Offerings
AMMF Partners with AFG to Enhance Asset Finance Offerings
14 Jan 2026: Paige Estritori
Australian Motorcycle & Marine Finance (AMMF) has joined the Australian Finance Group (AFG) panel, marking a significant expansion in asset finance options available to Australian brokers and their clients. This partnership is set to provide more tailored financing solutions for individuals interested in acquiring motorcycles, marine products, and related accessories. - read more
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Credit Utilization:
The amount of credit you are using compared to the amount of credit available to you, typically expressed as a percentage.


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