Credit Savvy Review – Scam or Legit? Exposed!

Is Credit Savvy a scam? Should you trust Credit Savvy to check your credit score?

Through its partnership with Experian, Credit Savvy has developed an elegant, state-of-the-art interface that simplifies the ordering of credit reports.

However, there are many scams online, so it’s important to do some research before using any new service.

As an Internet entrepreneur, I’m in a good position to share with you everything I know about the company. 

Since I’m not an affiliate of Credit Savvy, you can be sure that my opinions are unbiased.

At the end of this article, I’ll also tell you a passive income idea that can help you pay off debt. 

In this Credit Savvy review, I’m going to cover the following topics:

What is Credit Savvy?

With Credit Savvy, you can access your Experian credit score and credit report for free. You’ll receive updates on your performance every month, and be notified of any significant changes to your credit file.

Compare your score to other Australians and learn how to use it to negotiate better deals. Keep your score as high as possible for the best financial opportunities.

Your credit score is a dynamic number calculated from the information in your credit file. It can fluctuate from month to month and ranges from 0 to 1000, with higher scores indicating better performance. The scale is divided into five ranges from “Excellent” to “Below Average” for easy understanding.

Credit Savvy is an Australian service that helps you understand and improve your credit score and report, leading to a better financial situation. With Credit Savvy, you can monitor and improve your score, and gain access to your credit score and report summaries. It’s a valuable tool for assessing your financial reputation, and for qualifying for loans or credit card limit increases.

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Who owns Credit Savvy?

Credit Savvy may seem like an independent service, but upon closer examination, it is actually owned by CBA New Digital Businesses Pty Ltd, a subsidiary of Commonwealth Bank. If you are a customer of CommBank, you may have already seen Credit Savvy in their app.

How does Credit Savvy work?

Credit Savvy offers accurate credit checks for Australians. If you’re curious about your credit score, they can help. 

Other free services exist, but they can take a long time to process. If you need your credit score quickly, Credit Savvy is a good option.

When you visit Credit Savvy, you’ll be prompted to provide your email and some personal information. You can also sign up with Facebook or Google if you prefer. After providing the required information, you’ll have instant access to your credit score.

Credit Savvy also provides a free summary, including information on missed repayments and finance applications. You can also compare your score to the average in Australia.

Knowing your credit score can help you improve and protect your credit reputation. You can check out our guide to learn more about how to read your credit score. 

What ID is required to sign up?

To enroll with Credit Savvy, you’ll need to provide valid identification, such as a passport, health insurance card, or driver’s license. This is a standard requirement for all credit reporting services. 

You’ll also be asked for some personal information, such as your full name, date of birth, and previous addresses. 

Keep in mind that if you’re using the Commonwealth Bank app, you may not need to provide this information since the bank already has it on file.

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How much does Credit Savvy cost?

You can get your free credit report by using the Commonwealth Mobile App or visiting the website. 

Credit Savvy, like other websites that offer free credit scores, doesn’t charge a monthly fee. Instead, it covers its operating costs by displaying ads and comparing loans and credit cards.

Is Credit Savvy a scam or legit?

Credit Savvy is a legitimate service that allows you to monitor your credit score. Despite being free, it is a trusted source because it is owned by Australia’s largest bank. 

Credit Savvy partners with Experian, one of Australia’s major credit reporting bureaus, ensuring that the information provided is accurate. With Credit Savvy, you can stay informed about your credit score and learn how to improve it. 

The service also offers tools and resources to help you boost your credit score. 

However, the most effective way to improve your credit score is to increase your income, for example by starting a side hustle. This will help you pay off loans and bills, which in turn will positively impact your credit score.

Credit Savvy FAQs

What credit bureau does Credit Savvy use?

Credit Savvy’s service is provided by Experian, a major credit reporting agency in Australia and a global provider of credit data.

How often can I check my credit score?

You can view your Credit Savvy Score at any time, but you will only receive a monthly update.

Does Credit Savvy provide a full credit report?

In addition to your credit score, Credit Savvy also includes information about credit accounts, credit inquiries, adverse events, and repayment history. You’ll receive insights and opportunities to improve your score, as well as a summary of your credit report that gives an overview of your credit history.

Is there an app for Credit Savvy?

Currently, there is no dedicated app for the service, but it is mobile-friendly and available in the CommBank mobile app for CommBank customers.

Will using Credit Savvy affect my FICO score?

No, when you sign up for Credit Savvy, only a “soft check” of your credit score is performed and it will not affect your credit rating in any way.

Can I check a company’s credit score on Credit Savvy?

While there is a business credit comparison tool on the site, the credit score service is primarily geared toward consumers.

Can I start a side hustle to pay off debt?

If you don’t want to live with debt, you can start a side hustle to increase your passive income. 

The best way to make a stable stream of passive income is to start an affiliate marketing business.

Affiliate Marketing is perfect for anyone who is new to online business.

In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far. 

In affiliate marketing, you can actually run your business almost with zero cost and earn a sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.

And suppose you really want to learn affiliate marketing and build a business from scratch. In that case, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.

Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.

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