By now you may realise there is a difference between Superscore and your credit rating. Superscore is your rating inside of Superloans - basically, your ability to repay loans. When you repay on time we boost your Superscore - it’s really simple! And once you start making repayments on our Express Loans, we pass on your positive credit history to Centrix.
Every two weeks, we send positive credit reporting to Centrix (they hold credit rating information for you), showing that you’re making repayments and proving you’re meeting our credit terms. This means when you’re making repayments on your Express loan with us, you’re not only improving your Superscore, but you’re also repairing your credit rating outside of Superloans, making it easier for you to eventually use credit services from other places, like banks or finance companies.
So Superscore helps you in two ways: it secures lower interest rates and a higher credit limit with us while helping you improve your overall credit score. And if you’ve been struggling to repair your credit rating, Superscore can help you build positive and healthy habits with your money.