Get notifications in real-time for staying up to date with content that matters to you.
Reforms to the Australian credit reporting system could boost the Australian economy by $1.7 billion, help lower defaults and keep interest rates low according to a report commissioned by Veda Advantage.
Rory Matthews, Veda Advantage CEO believes greater bank and credit provider access to borrower data would benefit a broad section of the Australian population that currently misses out on credit due to a lack of data to support their creditworthiness.
“People generally assume that the banks and lenders have access to a person’s full credit history – this is not the reality,” he said.
Published 27-06-08
The non-major bank has teamed up with a credit reporting firm to ...
At-risk women living in SA will be given access to free financial...
Napoleon Finance broker and director Sam Carello has revealed his...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Do you expect mortgage applications to increase or decrease over Summer?
