If you make an application for credit, it can be listed on your credit report as a 'credit enquiry'. Credit enquiries are part of the information lenders may use and can have an impact on whether a lender accepts your application or not.
A credit bureau helps to support responsible lending and can assist consumers in understanding where they stand with their credit. Operating under the Privacy Act, a credit bureau collects, holds, uses and discloses personal and credit-related information about individuals and companies.
Whether you need to fund an overseas trip, renovate your property, pay for school fees or just make ends meet, you’ll probably need to sign up for a credit card at some point in your life (if you haven’t already).
Have you got debt hanging over your head? Paying it off takes time and patience - don't rush it and make one of these dire mistakes.
Signing up for a credit card can give you the financial freedom you need to be able to afford your desired purchases, but it’s crucial that you do the groundwork to ensure that you end up with the best product for you. Doing some background research and comparing your options can ensure that you make an informed decision.
Have you been stressing about your bad credit report? You'll be doing more harm than good. Start working out a way to pay off your debt and be stress-free.