Credit History Australia

Home Loans, Mortgage, Apply for Home Loans, Debt Relief Solutions Australia, Bad Credit Debt Consolidation Loans, Debt Consolidation Refinance Loans, Mortgages, Home Loans, Debt Consolidation Loans Australia - Honey Loans Australia

Home >Credit History

First Home Owner Grant

Which Home Loan?

Why Invest In Property

Investment Advantages

Capital Growth & Income

Negative Gearing

Positive Gearing

Property Market

Borrowing With bad Credit

Loans Blog
Glossary
Our Partners
Home Loans News

Privacy Policy
Disclaimer
Finance Directory
About Honey Loans

Enter email for news & offers

Honey Loans' Accreditations

FBAA COSL

Twitter

Credit History Australia

All credit applications you make are recorded on your credit report. The information you offer a potential credit provider about yourself such as your place of living, employment, etc will be recorded on your credit history report. Each time you apply for a loan or a credit card, or even a mobile phone contract, your credit report is checked by the potential credit provider. All your loan applications are reflected on your credit report.

Applicants who would like to be treated favorably by a lender need to :

(i) make sure that they pay all their bills on time and do not have any credit defaults.

(ii) make sure that they keep their loan applications to a minimum. When you start shopping your loan around, your credit report begins to look ‘busy’, and a potential lender could decline your loan application. Lenders are like ‘sheep’ they follow each other. Numerous loan applications, make you look like a ‘bad risk’.

(iii) not make loan applications while on Centrelink, maternity leave, unemployment etc. – these applications are in most cases declined. Lenders that are prepared to offer funds to applicants in such a predicament tend to charge a lot more and you should be very careful in committing to such loans.

Did you know that a bad credit mark remains on your credit report for up to 5 years after you pay your outstanding defaults? During this time borrowing through mainstream lenders is rather difficult.

If you would like to obtain a free copy of your own credit report, you can do so by going to : www.mycreditfile.com.au