Do you miss repayments, make reduced payments or make late payments to your credit providers?
If so, the new changes introduced on 12 March 2014 to the Australian system of credit reporting may affect your credit report. We have now moved from a ‘negative’ system to a ‘comprehensive system’ of credit reporting. The question is how will this change affect individuals? The simple answer is that a lot more information regarding an individual’s credit history will be made available to credit providers who hold an Australian credit license.| | | Next → |