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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

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 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
Navigating Your Jet Ski Loan Options: Expert Advice for Watersport Enthusiasts
Navigating Your Jet Ski Loan Options: Expert Advice for Watersport Enthusiasts
Embarking on the watersport lifestyle can be a thrilling experience, but jet skis, with their cutting-edge features and high-performance capabilities, come with a price tag to match. For many enthusiasts, financing is a practical method to spread out the cost of a jet ski purchase over time, making it more accessible and manageable. - read more
4 Ways To Finance Your Jet Ski
4 Ways To Finance Your Jet Ski
Jet skiing is a thrilling watersport that has become increasingly popular in recent years. If you’re thinking of purchasing a jet ski, you may be wondering how to finance your purchase. There are a few different ways to finance a jet ski, and the best option for you will depend on your individual circumstances. - 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

Finance News

Extreme Weather Extends Shipping Times, Elevating Marine Insurance Risks
Extreme Weather Extends Shipping Times, Elevating Marine Insurance Risks
23 Feb 2026: Paige Estritori
Extreme weather events are increasingly disrupting global shipping routes, leading to extended voyage times and heightened risks for marine insurers. In Australia, these disruptions are particularly concerning given the nation's reliance on maritime trade and the popularity of personal watercraft among enthusiasts. - read more
MIA Introduces Online Work Health & Safety Course for Marina Professionals
MIA Introduces Online Work Health & Safety Course for Marina Professionals
23 Feb 2026: Paige Estritori
The Marina Industries Association (MIA) has unveiled a new online Work Health & Safety (WHS) Best Practice Course, specifically designed to address the unique risks and challenges faced by professionals in marina environments. This initiative underscores MIA's commitment to promoting safety and operational excellence within the Australian marina industry. - read more
Pelagic Risk Services Strengthens Commitment to Australian Marinas with Gold Sponsorship
Pelagic Risk Services Strengthens Commitment to Australian Marinas with Gold Sponsorship
23 Feb 2026: Paige Estritori
Pelagic Risk Services, a specialist marine insurance broker, has recently elevated its support for the Australian marina industry by upgrading its sponsorship of the Marina Industries Association (MIA) from Silver to Gold. This move signifies Pelagic's deepening commitment to the sector and its dedication to providing tailored insurance solutions for marina operators across the nation. - read more
Sea-Doo Dominates Australian Marine Brand Searches in Q4 2025
Sea-Doo Dominates Australian Marine Brand Searches in Q4 2025
15 Feb 2026: Paige Estritori
As the Australian summer approaches, the marine industry has witnessed a significant shift in consumer interest, with Sea-Doo emerging as the most-searched marine brand in the fourth quarter of 2025. According to Retain Media's Q4 2025 Marine Market Brand Consideration Report, Sea-Doo captured 11.2% of search queries, marking a substantial 51.4% increase from the previous quarter's 7.4%. - read more
Starboard Maritime Intelligence Raises $20 Million to Advance AI Maritime Security
Starboard Maritime Intelligence Raises $20 Million to Advance AI Maritime Security
15 Feb 2026: Paige Estritori
In a significant development for maritime security, Starboard Maritime Intelligence, a New Zealand-based company specializing in artificial intelligence solutions for ocean protection, has successfully closed a NZ$23 million (approximately AU$20.6 million) Series A funding round. This oversubscribed round attracted substantial interest from Australian venture capital firms, underscoring the growing importance of advanced technologies in safeguarding maritime interests. - read more
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