Credit Reports In Australia

Sep 25
2010

credit reports in australia
I have a credit card debt in Australia since 2002 when it dropped from my credit file in Australia?

I guess it speaks of a debt slope (instead of a credit card you used!). Outstanding debt should download the report in 2007 or 2009 (or 5 or 7 years) All outstanding accounts listed as a payment default remain on file for five years from the date of registration. All accounts listed as a clearout remain on file for seven years. Even when the count was completed, outstanding accounts remain on file for five or seven years as indicated above. The entry is simply updated to reflect that the settlement was paid in full, or updated. The fact that an account has become delinquent, and developed a part of your credit history. A "clearout" is when the credit provider has unsuccessfully tried to contact you by letter and informed that the debtor defaults.

IIR Interview – Nic Davies discusses Basel II in Australia


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