--- title: Imalia Blog | Credit Rating description: Credit Rating | --- # [Our Voice Education and Empowerment for Women](https://www.imalia.com.au/our-voice) ## [Tips for young people looking for financial independence](https://www.imalia.com.au/our-voice/young-people-financial-tips) By [Carole-Anne Priest](https://www.imalia.com.au/our-voice/author/carole-anne-priest) [![](https://www.imalia.com.au/hubfs/katy-anne-nTP8aZjedqI-unsplash.jpg) ](https://www.imalia.com.au/our-voice/young-people-financial-tips) Young people today lived through the 2008 recession and its aftershocks. I can tell you now, the words ‘global financial crisis’ do not tend to build financial confidence. The numerous disparaging avocado toast editorials in the national press also tend to make young people collectively want to switch off. [Read More](https://www.imalia.com.au/our-voice/young-people-financial-tips) Topics: [Financial Literacy](https://www.imalia.com.au/our-voice/topic/financial-literacy), [Credit Rating](https://www.imalia.com.au/our-voice/topic/credit-rating), [Saving](https://www.imalia.com.au/our-voice/topic/saving), [Gender Gap](https://www.imalia.com.au/our-voice/topic/gender-gap), [business](https://www.imalia.com.au/our-voice/topic/business), [tips](https://www.imalia.com.au/our-voice/topic/tips), [superannuation](https://www.imalia.com.au/our-voice/topic/superannuation), [habits](https://www.imalia.com.au/our-voice/topic/habits) --- ## [What Is Your Credit Rating and Why Is It Important?](https://www.imalia.com.au/our-voice/what-is-your-credit-rating-and-why-is-it-important) By [Carole-Anne Priest](https://www.imalia.com.au/our-voice/author/carole-anne-priest) [![](https://www.imalia.com.au/hubfs/Blog%20Images/Imalia_Financial%20and%20Insurance%20Services%20for%20Women_Blog_What%20Is%20Your%20Credit%20Rating%20and%20Why%20Is%20It%20Important.jpg) ](https://www.imalia.com.au/our-voice/what-is-your-credit-rating-and-why-is-it-important) Consider your credit rating to be like your financial fingerprint. Your rating (and your credit report) are a record of your capacity to consistently meet your financial obligations. Essentially, your rating and report is a measure of the level of risk associated with doing ‘business’ with you. That ‘business’ might include personal, home and car loans, credit cards, store credit, mobile phone and other utilities. Managing your credit rating and doing regular checks of your credit report ensure that you will find it easier, and in some instances get charged a better interest rate (where relevant). Your rating forms the foundation of your capacity to build financial independence, your ability to access credit and your financial wellbeing. [Read More](https://www.imalia.com.au/our-voice/what-is-your-credit-rating-and-why-is-it-important) Topics: [Credit Score](https://www.imalia.com.au/our-voice/topic/credit-score), [Credit Rating](https://www.imalia.com.au/our-voice/topic/credit-rating), [Credit Report](https://www.imalia.com.au/our-voice/topic/credit-report) --- [All posts](https://www.imalia.com.au/our-voice/all) - The information on this website does not take into account your personal financial situation, needs or objectives. 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