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:

  • Name
  • address history
  • sex
  • 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.

Click here to see a sample credit file report.