What are the Benefits of Comprehensive Credit Reporting for Consumers?

The new comprehensive credit reporting system gives Australians more power to demonstrate credit worthiness and manage their credit profile.

What Changes does Comprehensive Credit Reporting bring?

The Privacy Act 1988 (the Act), which is the legislation governing consumer credit reporting in Australia, has been amended to introduce comprehensive credit reporting.

How does Comprehensive Credit Reporting Impact My Credit Report and Equifax Score?

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.

Managing Your Credit Report

Your credit report contains information that may affect your chance of securing credit in the future, so it’s important to find out what’s on your file so that you can work to improve it if you need to.

Tracking Your Equifax Score

Score Tracker is a valuable tool that tracks your Equifax Score over time, so you can gain an insight into how to improve your Equifax Score and determine the best time to put in your application for credit.

Improving Your Equifax Score

There are a number of ways you can improve your credit report and Equifax Score.

Check for the Good and Bad in Your Credit Files

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.

What Looks Bad on My Credit Report?

Every time you apply for credit and a credit provider obtains a copy of your report, an enquiry is added to your credit report. This includes any loan, mortgage or utilities applications you may make.

Why is My Credit File Important when I’m Applying For Credit?

If you’re looking to apply for a loan or other types of credit, these tips may help your application.

Who Can Access My Credit File?

Access to your credit file is governed the Privacy Act 1988 (the Act).