What is a credit file?
If you have applied for any credit in the last 5 years you will have a credit file.
On it will be;
- What date you applied/enquired for credit
- What name it was sought in
- What credit provider you sought to obtain credit through
- What amount the application/enquiry sought
- What type of credit was sought
There will also be information necessary to identify you. Personal details will include:
- address history
- date of birth
- driver's license number if you have one, or ever had one.
There will be information on there used by credit assessment purposes such as;
- Any overdue accounts; showing if they have been paid or not
- Court Judgements
- Bankruptcy details
Your credit file is updated every time you apply for new credit.
This information is one of the 6 factors that impacts on your ability to receive a loan.
Banks and credit providers in general use this data, along with general information to decide whether to lend you money; or not.
So it makes it critical you know what is on your file and of course make sure the information is accurate; is someone using your details to try and obtain credit leaving you to pay for it once they have the goods, and also to avoid getting knocked back by a credit provider.
Many people are knocked back by a bank or other credit provider because they are unaware of a default or there is incorrect information on their report.
You can get a copy of your credit file and a complete diagnosis of it including
- Detailed explanation of the report; what it all means
- Score card, based on your credit risk
- Your credit file diagnosis
- Suggested repair solutions
- Loan eligibility
FOR ONLY $69.95
The report will be sent to you via an email address you nominate as a PDF document within 48 hours once the
payment is confirmed.