Know How To Check Your Credit History

There are multiple sources of assistance for someone that has found a negative listing on their credit file. These can range from contacting your mortgage and finance broker, speaking to a friend, or simply doing a Google search. Some of the above sources will point you to the best option for you when it comes to clear credit and that is to contact the team here at Clear Credit Solutions.

Specialising in negative listings and helping you get them remove, Clear Credit Solutions is a simple and fast credit repair service. The team has years of knowledge to help you get those credit defaults, court judgments or clear outs taken off your credit report so that you can move forward.

Not only does the team offer a unique and fast service but also useful articles which consumers can browse themselves to gain further information on the industry.

Your credit file contains your credit history Australia-wide. Credit bureaus, such as Equifax, can provide you with a copy of your credit file, regardless of where you live.

While countries such as the UK and America record ‘positive’ data in credit files (such as open and closed accounts, or account repayment history), credit files in Australia typically record the following information:

Loan enquiries made in the past five years for household, personal or family purposes or to purchase, re-finance or renovate a residential investment property, or where you have gone guarantor for someone else with respect to consumer credit
Details of any debts including serious credit infringements and debts that are overdue by 60 days or more

From 12 March 2014 the following information can also be included in credit reports:

Credit account information including:

Type of credit account such as a credit card or personal loan
Account open date and close dates
Credit limit. This is the maximum amount of credit available to you for an account. If you accept a credit limit increase the new credit limit could be included on your credit history.

Monthly repayment history on credit accounts such as mortgages and credit cards. This will reflect whether you paid the minimum amount required on your financial commitments each month on time or not.

New arrangement informationcredit enquiries made in the past five years.

In addition, for the purposes of consumer credit reporting only, the following publicly available information is consumer credit information:

court judgements and court writs
directorship details
proprietorship details
bankruptcy, debt agreement and personal insolvency information.

You may not be aware that your credit file may also show if you’ve been ‘shopping around’ for credit; for example, if you’ve made a relatively high number of credit enquiries in a short timeframe.

Lenders can access this information as part of a credit check or record search. They will then review your credit history to help determine if you are a suitable candidate for a loan. This is why it’s a good idea to view your file and check your credit history. When you view your file, you’ll also be able to see details of any credit enquiries you have previously made, such as applications for store cards or mobile phone plans.

Your credit file contains ‘nationwide data’ so you can view credit enquiries you’ve made in Perth, Melbourne, Brisbane, Adelaide, Canberra and Sydney, as well as regional areas – across NSW or Queensland, for example.

Accessing your credit history is easy. Simply check out our range of Your Credit and Identity product packages or get your free credit report here.