In March 2014, The Privacy Act 1988, the governing legislation of consumer credit reporting in Australia, was amended to introduce comprehensive credit reporting.
Category: Credit Report
What is a credit check?

A credit check, also known as ‘credit history check’ or ‘credit reference check’ is a scoring system that lenders use to assess and determine the level of risk a borrower may have. A credit check is necessary when applying for the following: Home loan Personal…
What is poor/bad credit?

Have you ever been told that you have bad credit? Are you wondering what it means? Poor or bad credit is the result of your past or present financial mistake where you might have defaulted on a payment which can either be a loan repayment…