The new comprehensive credit reporting system gives Australians more power to demonstrate credit worthiness and manage their credit profile.
The Privacy Act 1988 (the Act), which is the legislation governing consumer credit reporting in Australia, has been amended to introduce comprehensive credit reporting.
The new data allowed under comprehensive credit reporting is now appearing on many credit reports.
To find out more about the changes to the way information appears on your credit report please view our common questions.
You can view a sample My Credit File report.
A sample of a Your Credit and Identity PDF report is available here.
Your credit file basically holds information relating to your credit history – yes even the naughty and nice details. So if you’ve ever applied for credit or a loan, you’re likely to have a credit file held by a credit reporting agency like Equifax.
If you’re looking to apply for a loan or other types of credit, these tips may help your application.