Please see information on Credit Reports below.


Credit Reports

Below you can find plenty of useful information and FAQs on credit reports.

Does Everyone Have a Credit File?

From the first time you apply for a loan, bank account, credit card or even in some cases a phone contract, your credit file will begin. This applies to everyone in Australia, regardless of their financial or social background. A credit file may also be started if you are involved in any legal or court process such as a bankruptcy.

What is in a Credit File?

Your credit file contains a lot of detailed information about you and your finances, including:

  • Your full name
  • Your full residential address
  • Your date of birth
  • Your driver's licence
  • Your employer details

Next, the file will contain three key sections:

Consumer credit information

This means any loan or credit card applications you have made in the past five years. This applies to loans or credit for personal /household use. This section will also contain information of any payments that are still due or overdue.

Commercial credit information

This section will contain information about any loans/credit products that you may have made for business/commercial purposes. This includes details of overdue payments.

Public record information

This area of the credit file will contain any information that is available on public records. This includes any court judgments that are relevant to you and bankruptcy information.

Gain Access to Your File

Luckily you can gain access to your file. You can do this most easily online, by signing up with one of many services that can offer this. They must be authorized to do this!

How Much does it Cost?

This depends on the service you sign up with. Most credit file services charge a monthly fee, which makes it easier to manage your subscription. A year's subscription can cost up to $50, though it may be less. Remember to include this in your comparison!

What are the Advantages and Disadvantages?

Signing up to view your credit file is an ideal way to monitor for fraud, keep tabs on who is accessing your file and to correct any errors that might be on the file. Mistakes can and do happen, such as an old address that hasn't been updated or even an 'overdue' loan that you have actually paid off.

If you find a mistake on your file you can contact the credit reference agency and have them check and correct it for you.

Sure, it can cost up to $50 a year to access your file but by knowing what is in your file, you can gain more control over your personal information, and you can monitor for any fraudulent activity and even prevent ID theft from striking.


Please Note: is not authorised to give advice under the ASIC (Australian Securities & Investments Commission).

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