A credit report is a record of information relating to your personal credit history. This is used by credit providers, such as banks and telecommunications companies when assessing a credit application such as a new phone contract. Your credit report may also contain information that shows when you have applied for commercial credit, including the type and amount of credit, as well as which credit providers have requested copies of your credit report.
A credit report shows how well you manage your finances, and it’s assessed when you apply for any type of new credit. Most of us are aware that we have a credit history, but rarely check it as we have no need unless something goes wrong.
However, it does not hurt to give it a once over to make sure there are no companies, credit providers or arrangements you don’t recognise. If there are any mistakes, legally you have the right to have them fixed. Checking your credit history is also a fast, simple and free way to make sure you haven’t been a victim of identity fraud.
Checking your credit history will only take 5-10 minutes and it’s simple by going to www.checkyourcredit.com.au where you can request a report that will be delivered in 1 business day.
In our data-driven society, it’s always good to keep checks on what sits against your name!
The information provided should not be considered personal financial advice as it is intended to provide general advice only. The content has been prepared without taking into account your personal objectives, financial situations or needs. You should seek personal financial advice before making any financial or investment decisions.