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Free Monthly Credit Score (Veda) @ Get Credit Score

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Free Monthly Credit Score (Veda) @ Get Credit Score
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ronnknee on 01/02/2017 - 10:36 getcreditscore.com.au (3898 clicks)
Last edited 01/02/2017 - 13:48

There's been a lot of credit card deals lately. An average OzBargainer would probably apply for one just to get the points, cancel it and then move onto the next. Would it hurt their credit score?

Similar to the other deal on Credit Savvy that I posted earlier, this is another free tool that offers a monthly credit score that is used for lender's risk assessment.

The differences between the two is that Credit Savvy provides you an Experian score while Get Credit Score provides you a Veda score. Majority of credit companies use either systems or both for risk assessment.

You can use both tools to better evaluate your ability for credit.

Credits to orange123 for suggestion and ingster for clarification.

Note: Your personal information may be used for business and marketing purposes as per this comment. You can opt out anytime by contacting them using the link at the bottom of their website.

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closed Comments

  • djkelly69 on 01/02/2017 - 10:48
    +24

    Might like to note:

    I consent to being contacted by GetCreditScore, SocietyOne Australia Pty Limited, Veda and their related entities and for them to use and disclose my personal information for business and marketing purposes. I can opt-out of direct marketing by any of the above entities by contacting the entities at any time.

    (emphasis added)

    Seems to be in direct contrast to CreditSavvy.

    • dealman on 01/02/2017 - 11:00

      Thanks

    • banzini on 01/02/2017 - 11:02
      +1

      sell your info off?
      :(

    • nicrankin on 01/02/2017 - 11:15
      +9

      They WILL contact you and try to sell you credit monitoring services. Has happened every time i've used these in the past.

    • zzymurgy on 01/02/2017 - 12:01
      +2

      Correct. I know for a fact that they sold my details to SocietyOne, they don't even seem to try to hide it.

    • Thundaja on 01/02/2017 - 12:04
      +7

      Can confirm: Used this service almost 2 years ago and SocietyOne has been relentlessly contacting me in that time, despite me continuously "opting out".

      Lots of "special loan deals" and "credit monitoring offers", much of which are sent in the post.

      IIRC, there is no way to opt out at the time of checking your score…

      • JIMB0 on 01/02/2017 - 19:16

        I even had a letter offering credit sent to an address I hadn't lived at for 7 years.

      • illumination on 02/02/2017 - 22:59
        +1

        Holy crap now I know where all that SocietyOne crap came from!!!!!!!! Thanks!

    • ireadtermsofuse on 01/02/2017 - 12:16

      Entities as in "ghosts"?

    • RedHab on 01/02/2017 - 15:52

      The other (CreditSavvy) deal looks better from a Privacy point of view as Veda are currently under investigation for illegally selling your info:

      Veda Advantage investigated for selling personal financial information to marketing companies

    • arsey on 11/02/2017 - 12:39

      Super dodgy. Received snail mail spam from SocietyOne after using this website

  • rldowling03 on 01/02/2017 - 11:05
    +5

    It's odd because this site cannot find me at all, but CreditSavvy has been doing it for at least a year now no issues.

  • gimme on 01/02/2017 - 11:06
    +5

    Try to imagine how these 'free' services make money and then decide whether you'd like to use it or not.

    • Diji1 on 01/02/2017 - 11:48
      +3

      I hope your not using Facebook because they buy all the data they can about you from these guys and add it to the rats maze of information they keep on you.

  • hell0 on 01/02/2017 - 11:21
    +2

    Be careful of this site. They are simply using the information you sign up with to send you offers but also to further add information to their database of their consumer credit file.

    • dirkgonnadirk on 01/02/2017 - 14:06
      -3

      but also to further add information to their database of their consumer credit file.

      wrong

      • hell0 on 01/02/2017 - 14:37

        Yep. when you sign up you are essentially updating your own consumer credit file to their advantage

        • dirkgonnadirk on 01/02/2017 - 14:56
          -3

          again, you are wrong, but why do you think that?

        • hell0 on 01/02/2017 - 15:08

          @dirkgonnadirk:

          It states in their terms in at least 2 ways that they obtain and pass on the information to Veda.

          From then Veda can use the extra info' to put more detail in your credit file/update it.

  • [Deactivated] on 01/02/2017 - 11:23

    746 with veda and 745 with credit savvy

    • tajid on 01/02/2017 - 11:56

      766 score with CreditSavvy but 465 with Veda!!

    • Lukian on 01/02/2017 - 12:16

      CreditSavvy is Experian, not VEDA

  • SpaceNinja on 01/02/2017 - 11:24
    +5

    Thank you , I am always looking for more websites to 'save' my personal details.

  • cminez on 01/02/2017 - 11:26

    I used to be with VEDA for 2 years and decide to leave. Would they low my VEDA score because I leave?

    • boomramada on 01/02/2017 - 11:59
      +4

      I don't think you can leave?

      • Zinger on 01/02/2017 - 15:03
        +9

        You can check-out any time you like, but you can never leave!

        • [Deactivated] on 01/02/2017 - 15:08
          +1

          I got that reference ;)

        • boomramada on 01/02/2017 - 15:18

          Yes, its like a computer virus, each time you delete (after arguing with them, you can delete your history) then it will re-create, soon after some financial organisation do a reference check on you.

      • [Deactivated] on 01/02/2017 - 17:00

        Hahah, funny you said that. Hardest subscription cancellation of my life. Veda are absolute parasites. And yet they get to manage our credit records.

  • glamorè on 01/02/2017 - 11:29
    +4

    Received promo pamphlet on my letter mailbox (as well as on my email) a few times from SocietyOne, never registered to society one, i assume they got my postal address from getcreditscore.

  • uraha on 01/02/2017 - 11:31
    +7

    Thanks I love the constant free calls to me

  • [Deactivated] on 01/02/2017 - 11:43
    -4

    amazing deal, this is so much cheaper than their regular price

  • TimApple on 01/02/2017 - 11:49
    -4

    I thought this has been their RRP for a long time. No deal.

  • [Deactivated] on 01/02/2017 - 11:55
    +12

    VEDA will sell your info and you will get bombarded with spam and telemarketing calls.

    • ntt on 01/02/2017 - 12:59

      that maybe why I got some spam calls recently

  • EnALup on 01/02/2017 - 12:00

    Does Veda to same stuff if you get the yearly free copy of your credit rating?

  • jmi on 01/02/2017 - 12:00
    +11

    "If you're not paying for the product, then you are the product."

    • AlanI on 01/02/2017 - 12:59

      Credit reporting companies are actually required by law to provide these reports for free. I suppose they figured out a way to make some money on the side from that regulatory requirement.

  • zzymurgy on 01/02/2017 - 12:03
    +5

    Somehow my mobile number is 'required' even though it's not recorded on my credit file.

    A mobile number that starts with 0491 is always handy for this type of thing.

  • bricabrac89 on 01/02/2017 - 12:15
    +4

    Used them before and have never been contacted. Luckily!

  • smiles on 01/02/2017 - 12:16
    +2

    Use True Caller App and stay safe - App will warn you of any spam calls :-)

    • toasty on 01/02/2017 - 12:50

      I need something like True Caller for my home phone. I swear scammers and spammers use the Do Not Call lists to harvest numbers. No way am I ever giving my details to Veda after reading the posts here - getting spam calls on my mobile would be a real PITA.

  • [Deactivated] on 01/02/2017 - 12:36
    +1

    Thanks for your time Op, I always used disposable email and fake number for these two companies. Very intrusive spammers

  • punkindrublic on 01/02/2017 - 12:41
    +1

    You'll start getting emails about how great/average/bad your credit is after filling in the form so be prepared to click the unsubscribe button with extreme prejudice…

  • ma0sm on 01/02/2017 - 12:55
    +1

    As someone who doesn't have an Australian Drivers License, it won't let me use this. The Credit Savvy deal let you select from a list of identification types, so I went with that instead.

    • banana365 on 01/02/2017 - 13:15
      +1

      Ah, the old "you're not a true person unless you have a driving licence" nonsense. It seems to be the default proof of ID method for most places, but generally they offer an alternative. With more and more people chosing not to drive these days, you'd think these organisations would get a clue.

    • niknah on 02/02/2017 - 07:49
      +1

      It doesn't work with a NSW photo card either.

  • Nyen on 01/02/2017 - 13:17
    +7

    I used getcreditscore late last year and was bombarded by telemarketing calls asking me to pay 70 bucks a year for their "premium" credit reports. No thank you.

  • [Deactivated] on 01/02/2017 - 13:33
    +1

    Donald J. Trump should sign an Executive Order to close this mob down

  • spendinghacker on 01/02/2017 - 13:47
    +7

    Just keep in mind that Get Credit Score is a JV between Peer-to-peer lender Society One & Veda themselves.

    This is their marketing arm which they use for collecting your personal information for data mining purposes.

    Here is a quote directly from their privacy policy:

    GetCreditScore provides you with a free credit score in return for the right to store your personal details and make those personal details available to SocietyOne and Veda with your consent. Your details are never shared with any other third party without your consent.

    GetCreditScore is a free service provided by Veda and SocietyOne. When you make a request for your credit score, SocietyOne and Veda may access your personal details to provide you with relevant offers. You may opt out of direct marketing from each entity at any time.

    Therefore, we recommend you use the credit score retrieval service operated by comparison site Finder to get your Veda score.
    It is also free, they update you on your score every 6 months automatically and will not mine your data for marketing purposes.

    Mod: Third party website edit.

    • ronnknee on 01/02/2017 - 14:06
      +6

      Oh no, jv. That sounds bad already.

      • muncan on 01/02/2017 - 14:49

        jv - you've done it again!

    • Member 0230 on 28/02/2017 - 12:15

      Brilliant suggestion. Thank you.

    • AncientWisdom on 27/06/2017 - 04:15

      Thanks! Very helpful.

  • eunos on 01/02/2017 - 14:24
    +2

    Great way for their database to remain up to date!

  • sena86 on 01/02/2017 - 15:22

    If you use your real number and e-mail with this mob, be prepared for A LOT of spam.

    Note: I've upvoted your other post because Credit Savvy is not too bad (never received any unsolicited phone calls or sms from them).

  • billbro on 01/02/2017 - 15:22

    Do you actually get a monthly credit score from veda? I've had an account with experian for ages, but with veda, I've always had to resubmit my details when I wanted a check and there is no tracking…

  • Rick OShea on 01/02/2017 - 15:34
    +2

    Unsure what the big issue is here. They provide your credit score for free, and you get some marketing from Society One (which I easily opted out of).

    Considering when I got my score (which was better than I thought) I called my bank, and after some threats to take my business elsewhere and mention of my good credit score, they dropped my home loan rate down .1%.

    So I save hundreds of dollars, and it only cost me a few emails. Fair trade off i reckon!

    • [Deactivated] on 01/02/2017 - 16:29
      +6

      they dropped my home loan rate down .1%

      that had nothing to do with your "good credit score". you can use the threatening to take your business away trick to get discounts on a lot of things

    • random12 on 16/03/2017 - 22:10

      0.1% or 1%?

      A 0.1% reduction is very small. They likely only did that because they did not want to offer 0.05% or 0.01% reduction, because then it would be obvious you are getting screwed.

      I know it make a bit of a difference for you, but for them, 0.1% less is much more preferable than needing to get a new customer.

      Do not think you are some sort of genius or you are special because you got a 0.1% reduction.

  • Cyberninja on 01/02/2017 - 15:38

    Holy Credit!

  • Robin2012 on 01/02/2017 - 19:31

    thanks for sharing

    • ronnknee on 01/02/2017 - 19:33
      -1

      No worries. That means this is a worthy of a pos? ;)

  • coolsteps on 08/02/2017 - 20:28

    veda is crap. checked score then applied for a card and score went up 21 points. i though it was meant to come down?

  • random12 on 05/03/2017 - 16:11

    I think veda is a pretty bad scoring system. Why have a range of 0 - 1200 if it is virtually impossible to get over 800, and if most people are "good" or "below average".

    It's like having a class where a 50% mark is considered "good". How hard do they have to mark?

    And plus, the way that enquiries affect your score is nonsense. Each enquiry takes like 100 points off (looks like regardless of the amount of the actual limit requested). I understand that maybe there is some small predictive power of people making lots of applications being bad risks, but I think that's garbage. Lots of people use credit cards just like debit cards (have lots of cash and could pay in cash) , but want the interest free days and the rewards.

    How can you be put in the bottom category or even second bottom category if you have never had a default or late payment and pay your full balance every month?

  • random12 on 21/03/2017 - 13:59

    GOD.

    I just asked Veda/Equifax for my free report for being rejected from an application. The person on the other end of the phone was trying so hard to make a sell. "With the standard you will not see your "standing" (i.e. score) ". They tried to sell me the "full copy" at least three times, and they always managed to have a discount to offer.

    FIrst it was a "special offer", then when I rejected, they offered another discount ("is this price too high"), etc.

    Pfft, I don't care.

  • Mad Max on 26/04/2017 - 08:46

    Is there another way of obtaining the report or at least the details Veda has on you without providing them with a lot more of your personal information (driver licence number, Medicare number, mobile number, current and 2 previous addresses, employment details, etc)?

    • AncientWisdom on 27/06/2017 - 04:14

      Finder.com.au has a free service to check your score (they say they don't use the information).

      For a full credit report you have to go through the agency.

      • Mad Max on 27/06/2017 - 15:05

        Thanks AncientWisdom.
        You still have to give them a whole lot of personal details. They may say they don't use the info but I bet they still keep it on file for future use or even to sell it to other entities at some stage.

        • AncientWisdom on 29/06/2017 - 14:10

          I think their privacy policy is pretty clear from what I've read. But of course each of us can make his own mind.

          Edit: besides, how would they get you your credit score without giving them personal details? Doing that is a given, it's just a question of who do you trust.

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