Comprehensive credit reporting kicks in today | Finder

Today is the deadline for comprehensive credit reporting

Posted: 30 September 2019 8:00 am

Young girl sitting on couch drinking tea and looking at laptop.

Your credit report likely now includes more data and your credit score may have changed as a result.

Comprehensive credit reporting is finally here. As of today, Australia's Big Four banks are required to share 100% of customer data with credit reporting agencies. This means that when you apply for a credit product and the bank makes an enquiry with a credit bureau such as Experian or Equifax, they can see a more detailed listing of your credit history than before.

Free credit score & report

Not only does this change how lenders may assess applicants going forward, but your credit score may also have dropped or increased.

CCR Timeline

As well as the information that's already listed (such as credit enquiries, overdue accounts and the names of your credit providers), your report will now show information including the type and amount you applied for, your maximum credit limits, monthly repayments for the last two years and details of any default agreements. You can see a list of the data that will be available on your credit report in our complete guide to comprehensive credit reporting.

To check if your credit score has changed, you can order a copy of your report and credit score online for free through Finder. If you order your report through Finder and sign up for free monitoring, you'll be notified any time something changes on your report and you can log in to check back on your credit score at any time.

If you've checked your credit report and your credit score has dropped, there are some steps you can take to demonstrate healthy credit history and improve your score. You can see Finder's guide to improving your credit score to get started.

Latest credit cards headlines

Picture: Getty

Get more from Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site