News: Credit Savvy Presents Australia’s Credit State of Play

Sydney, Australia, 26th April 2016 – Consumer advocate, Credit Savvy has released an infographic that visualises the credit and financial landscape of Australia.
Key highlights

• The average Experian credit score was highest in the ACT at 700 (out of 1,000).[1]
• Household debt has reached a staggering $2 trillion[2] and the average credit card debt is $3,114[3].
• Credit Savvy has found that Australians could save over $3,000 in interest by switching to a more competitive credit card[4].

Managing Director of Credit Savvy, Dirk Hofman said, “We strongly encourage Australians to see if they’re getting the best deal possible. When you consider that there can be a difference of up to 12% p.a. in interest rates between different credit cards[5], it pays to do your homework on what’s out there.”
“This doesn’t just apply to credit cards – there are plenty of competitive deals out there on home loans and personal loans as well. In fact, if you’ve got a great credit history, there are personal loans you can find on the Credit Savvy Marketplace that could reward you with a better interest rate.”
Credit Savvy provides Australian consumers with free access to their Experian credit score, a summary of their credit file, and a marketplace of credit products.
View the infographic here.