Credit Checks

NAB Moves Closer To Comprehensive Credit Reporting

personOtto Dargan access_timeFebruary 20, 2018

Borrowers will soon feel the power of positive credit reporting The National Australia Bank (NAB) is the first major Australian bank to begin using comprehensive credit reporting (CCR) but not just yet for home loan applications. Its system will be implemented for personal loans,...

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Comprehensive Credit Reporting Is Here: Bad News For Borrowers?

personOtto Dargan access_timeJuly 30, 2015

One of the big four banks has flagged that it will start sharing much more information about customer accounts to credit reporting agencies as part of the so-called Comprehensive Credit Reporting (CCR) system from as early as August 2015. As more lenders get on board, it could...

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Have You Ever Seen Your Credit File?

personOtto Dargan access_timeDecember 17, 2014

Have you ever seen your credit file? According to the most recent estimates from credit reporting agency illion (formerly Dun & Bradstreet), 9 out of 10 Australians haven’t! In addition, the Australian Retail Credit Association found that 6 out of 10 haven’t even heard...

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You Can Borrow With Bad Credit

personOtto Dargan access_timeSeptember 26, 2014

Life doesn’t always pan out the way you’d like it to. Whether it’s through divorce, losing your job, injury or business failure, your finances can sometimes be thrown in turmoil through no fault of your own. This can result in you accruing an unsustainable level...

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APRA Tells The Banks What To Do

personOtto Dargan access_timeJune 5, 2014

Did you know that the Australian government monitors and reviews the lending criteria of the banks? The Australian Prudential Regulation Authority (APRA) released for consultation ‘APG 223 – Residential Mortgage Lending’, a draft prudential practice guide intended to...

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Why Lying On Your Mortgage Application Is A Bad Idea

personOtto Dargan access_timeMay 26, 2014

Something we see more of than we should are home loan applications where someone has withheld information or deliberately tried to mislead the lender. This is a sure-fire way to get your application declined and get an unwanted enquiry on your credit file. Don’t make our...

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7 Sneaky Tips To Increase Your Credit Score

personOtto Dargan access_timeMay 22, 2014

Why is your credit score so important? A good credit score is essential to getting your home loan approved but how do you increase your score? Look at your credit file First of all, have you even seen your credit file? Call your credit reporting agency and ask them to get...

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What’s In Your Credit File?

personOtto Dargan access_timeMay 8, 2014

How important is your credit file? Have you ever seen your credit file? According to credit reporting agency illion (formerly Dun & Bradstreet), 9 out of 10 Australians haven’t! Another 6 out of 10 haven’t even heard of credit reporting, the Australian Retail Credit...

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Your Bank Is Always Watching

personOtto Dargan access_timeApril 30, 2014

Banks profile you Did you know that the banks profile you according to your spending habits every time you swipe your credit card? Even mentioning that you’re pregnant can result in it being recorded on your file! It may sound crazy but seemingly little things can and will...

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What Makes A Good Credit Score?

personOtto Dargan access_timeFebruary 18, 2014

Are you planning to buy a home? Do you have a clean credit file or no credit history at all? Are you a high income earner with few assets? You’d be surprised by which factors have a massive impact on your credit score and, ultimately, whether the bank will see you as a...

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