The new comprehensive credit reporting system gives Australians more power to demonstrate credit worthiness and manage their credit profile with the inclusion of positive information into credit reports.

• Highlights good credit behaviour: You will be able to demonstrate recent good credit behaviour because the new system records if you have made your credit payments on time.
   
• Faster recovery from adversity: You may improve your credit profile more quickly after an adverse financial event by showing good credit behaviour, potentially countering the impact of a default up to five years old.
   
• Quicker to establish a credit report: For individuals new to consumer credit, the use of comprehensive information means that you can build credit worthiness more quickly. For example, if you are a young person or a recent arrival from overseas.
   
• A more balanced system: It is a more balanced and transparent system for consumers who already have a good credit history, as well as those who previously had trouble meeting their financial commitments – as it may enable them to access quality credit where they may not have been able to previously.