- Your personal details such as your name, date of birth, address, employment status and other details used to safeguard and verify your identity.
Credit applications:
- Details of all past credit applications - what type of credit you applied for, who you applied with and for how much, including whether you were accepted or refused credit.
Credit default:
- A record of any instances in which you failed to make a repayment on a loan or line of credit for more than 60 days after having been notified by mail about the overdue payment. Such instances are recorded as 'credit defaults' on your Credit Report and may classify you as a 'high risk' client when applying for loans.
Paid Credit defaults:
- Paid credit defaults are also recorded and are viewed more favourably by lenders when assessing loan applications.
Serious credit infringements:
- A serious credit infringement occurs when a credit default is not paid and the lender is unable to contact the borrower in regard to the overdue payment. In such cases, the borrower is listed as a 'missing debtor', making it difficult for them to obtain future credit with lenders.
Information on the public record:
- This includes court ordered payments, judgement debts or bankruptcy orders. It may be difficult to obtain credit with lenders until these orders have expired.
The first step to a better understanding of your financial situation is to apply for a free credit analysis report, or please contact us for more information.
