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.
Identity theft can occur to anyone - at its core, it involves the perpetrator masquerading as someone else in order to steal money or access other personal details.
Anyone could potentially start up a small business - but not everyone who does will necessarily be financial experts.