Comprehensive Credit Reporting
Comprehensive Credit Reporting (CCR) enhances Australia’s credit reporting system and allows for additional information to be securely supplied between credit providers and Credit Reporting Bodies.
Prior to CCR, your credit history primarily included information like credit applications and any overdue accounts or defaults. With these changes, your credit report will now include additional details such as the opening date of your loan accounts, the types of accounts you hold, your credit limits, your repayment history and your hardship history (if hardship assistance is approved). This information will appear on your credit report for 24 months. CCR means it’s more important than ever to pay on time, so the repayment history information is shown favourably on your credit report. Finance One supplies CCR information for its consumer credit products including auto and personal loans to Equifax and Illion (Credit Reporting Bodies).
How can CCR benefit me?
When will information appear on my credit report?
What will happen if I am overdue?
What information is shared?
Is it legal to share my data?
Can I opt out of Comprehensive Credit Reporting?
Who can see my credit information?
How do I check my credit report?
What do I do, if I think the information on my credit report is incorrect?
What can I do if I need help making my loan repayments?
How can I find out more on Comprehensive Credit Reporting?
How does a financial hardship arrangement affect my credit score?