Banking & Finance
8. Credit Reports
Authors: Staff Legal Eagle
Firm / Chambers:
Last updated: 22 Jun 2015
- A credit report is a document that lists your credit history including:
- all the loans you have applied for;
- the loans you have received; and
- whether you have repaid them and if the repayments were on time.
- You have a legal right to find out what is written on your credit report.
- If you apply for a loan and it is refused because of what is written on your credit report the business or company refusing the loan must tell you that this is the reason.
- You should check your credit report at least once a year.
- Changes to incorrect information can be made for free.
- Any negative information such as defaults or bankruptcy will not be removed.
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