Getting to Know the First Credit Score

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In 2019, the era of digital payments is increasingly in demand by many Indonesians of productive age, commonly referred to as Millennial generation. They always want to try something new that means using financial technology that is currently developing very rapidly. The presence of GoSaves in the field of Fintech aims to make people easier to access financial products, facilitate transactions and also increase the credibility of financial credit.

GoSave as a new player in the world of Fintech in addition to providing convenience to the public in terms of purchases, payments, credit card applications but also provides credit scores in every financial transaction. You can see an overview of how lenders can see your profile data (the version you see when you apply for credit). How does your profile look in terms of banking? The credit score in the GoSaves will become a banking reference later to provide credit to you as a consumer.

GoSaves are also known as givers of credit scores. What is a credit score? Credit scores are numbers that reflect the likelihood that you repay credit. Lenders such as banks and credit card companies will see your credit file when they calculate your credit, which will show them the level of risk in lending to you. The higher the score in your credit GoSave, the better your chances of being accepted for credit, at the best price.

Your credit GoSave affects your chances of getting:

  • Credit card,
  • Car financing
  • Monthly payments for gas & electricity
  • RateUs Financing
  • Monthly insurance payments
  • Loan Funds
  • Property rentals


How does the credit score from GoSave work?

credit score

The way GoSave works is that every payment you make will be counted every time you make a successful payment. The way your credit score depends on the number of payments made either in the minimum or maximum payment, each consumer will have a credit score in a different GoSave so that your credit rating might be different between them.

GoSaves help lenders make accurate, reliable and fast credit risk decisions for consumers. Credit risk ranks consumers based on how likely they are to pay their credit obligations as agreed. The most widely used broad-based GoSave also plays an important role in many decisions every year. Lenders look at your ‘data’ profile – your data, to check your loan history and how you usually pay back the money you borrowed. Usually, they will consider:

  • Information from your credit report
  • Details of your application
  • Existing data (eg if you are an existing customer)


What is a good or average credit score?

average credit score?

There is no ‘magic’ number that will guarantee your approval. And, because different companies might look for different things in their potential customers, you might be rejected by one and accepted by another. GoSave credit scores can reach 1000 as the maximum score of each consumer and this will be a reference for creditors to see the profile of consumers who have good credit credibility.

GoSave will provide a free credit score on the first payment through the GoSave application. So you can have a useful guide and give you an idea of ​​how the company can see you, so you can make more choices based on information when applying for credit.

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