Comprehensive Credit Reporting

New Credit Reporting Law Here To Help Or Hinder?

personOtto Dargan access_timeFebruary 10, 2021

The new Comprehensive Credit Reporting (CCR) law which passed both houses of parliament expands the information banks must report to credit agencies about their customers’ credit history. It means lenders will have access to far more information on you as a borrower through...

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How Do You Adjust To Comprehensive Credit Reporting?

personOtto Dargan access_timeDecember 13, 2019

Did you know following the introduction of comprehensive credit reporting, your credit score can drop by 22% following just one missed credit card repayment? – even if you’ve never missed any credit card repayments before this. Misconceptions surrounding comprehensive...

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The Way Your Credit Score Is Calculated Has Changed

personOtto Dargan access_timeOctober 4, 2019

The Big Four banks of Australia have fully adopted the Comprehensive Credit Reporting (CCR). The introduction of CCR changed the type of consumer credit information that can be collected and reported. Previously, Australia only had a negative credit reporting system but now this...

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