To help reduce the chances of credit fraud happening to you, follow these simple steps:
- know what is on your credit file - Order your Equifax credit report
- Use My Credit Alert to monitor your Equifax credit report so that you receive e-mail notification every time a credit application is made using your personal details
- sign all your new credit cards as soon as you receive them
- store your cards and personal ID items in a secure place
- shred any paperwork that contains your personal details or account details before throwing it away
- contact your financial institution immediately if your cards are lost or stolen
- keep your PIN confidential and separate from your card
Your credit report is one of your greatest assets. Find out what is included on your Equifax credit report and some descriptions of key information.
If you have been declined credit it can be a frustrating experience. Here are three simple steps you can take to find out why and to make improvements to apply in the future.
Do you know what your credit report contains? Here we outline what is included in a personal credit report.
Comprehensive credit reporting changes mean consumer credit reports can now include ‘positive’ credit information such as if you make your credit card and loan repayments on time. Previously personal credit files could only hold ‘negative’ information like credit enquiries (applications) and defaults.
Many credit providers rely on business credit reports to aid their decision making when assessing applications for credit.