.Where to start
If you plan to apply for credit in the near future - for example, if you’re looking to buy a house - it’s a good idea to check your credit file.
When you apply for credit the lender usually checks your credit report. It includes:
Personal details such as your name, address, employment, date of birth and driver’s licence number
Credit applications you’ve made
Overdue payments (defaults) and serious credit infringements (such as clearouts)
Public record information such as directorships
Existing defaults might not be deleted – even if you pay the debt, they’ll only be marked as paid and a lender may still deny your loan application.
However, this information doesn’t stay on your report indefinitely: credit applications and defaults are deleted after five years; serious credit infringements and bankruptcies are removed after seven years.
Check your credit report
Order a copy of your credit report about once a year, check it and ask the credit reference agency to correct any mistakes.
Credit reference agencies should provide you with a free credit report in a reasonable time (10 working days); most also offer an express service for a fee. Veda also offers a credit monitoring service for a fee that notifies you whenever a credit provider accesses your report.
Include your full name, date of birth, driver's licence number, current/previous addresses, phone number, your current/previous employers and the credit provider you most recently applied to and contact:
PO Box 964, North Sydney NSW 2059
Fax: (02) 9951 7880
Phone: 1300 762 207
Dun and Bradstreet
Attention: Public Access Centre PO Box 7405, St Kilda Road VIC 3004
Phone: 13 23 33
If you live in Tasmania you should also send a request to The Manager, Tasmanian Collection Service, GPO Box 814H, Hobart TAS 7001. Or pick up your file from one of its branch offices. Phone: (03) 6213 5599 Website: www.tascol.com.au.