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Utilities and Telco bills are included in the new credit reform system in the sense that if you are more than 60 days overdue on a utility or telco bill and the debt is $150 or more, the utility/telco can/may provide this information to credit reporting agencies as a default and it will stay on...

New Credit Reporting Code & New Privacy Legislation re Cedit Reporting Here are the source information for the new Credit Reporting Code and the new Privacy Legislation re Credit Reporting. Both will come into effect on 12 March 2014. The old credit code will be repealed 12 March. New Credit...

Dun and Bradstreet is another Credit Reporting Body (CRB), no? They give some pretty forthright views in this Today Tonight episode on the new credit reporting laws? http://www.youtube.com/watch?v=jjq_MiYi6kA

Just found this article today: From Australian Broker Online http://www.brokernews.com.au/news/insight/unfair-changes-in-new-credit-regime-179492.aspx

I'm sorry, Hobo. I cannot name the country. I have friends living in that country who tell me since those credit rules were enforced, even the medium rich find themselves unable to borrow for property investment as they are considered too indebted in mortgages, car loans, personal loans, credit...

Not heated up, Hobo, just concerned for my fellow beings after I read The Canberra Times article by Jenna Price. Before that article, I didn't even know till then that there was something called the 'Credit Reporting Code' or the 'Privacy Legislation re Consumer Credit'. I decided to educate...

:confused: Huh? When did I have a credit application rejected in the past? Hobo, you sound really nice, perhaps you could point me to a post where I have said that. By the way, like you and your wife, I am not applying for any more credit either. Done with credit. Going to use our...

Oh Turk, there is one small thing I've noticed on the website and that I should bring to your attention.... Under 'Fixing an Error under your Credit Report', why are Telco Ombudsman and Energy/Water Ombudsman listed as authorities to refer to if there are errors in credit report? I thought telco...

I sat cringing through the video (Ugh!). Then I read most of the FAQs, of course they are shorter answers than the original sources of information I refer to. So after a while, because the answers are not as detailed or comprehensive, I feel dissatisfied and switch off. I prefer to go to the...

I didn't say it had any errors. I haven't read all of it thoroughly to catch any errors yet. If I do, you'll be the first to know, promise.;)

Turk. Big Fail. That is the peak spin website. This is what Jenna Price, columnist of The Canberra Times had to say about this ACRA website in her article dated 11 Feb 2014 'Big black mark for new credit reporting rules' Read more...

Kesse, do you think that people who pay late want to pay late? Do you think people with poor credit history deliberately set out to pay their numerous bills late? "Today, I'll decide that I am going to pay all my bills late! Whoo-hoo!' Fact is lots of people are struggling to meet all their...

So as someone from the banking industry, you're admitting that large sectors of the community will be 'screwed' post March 2014, no? and your airily dismissal that 'These people don't need education about the CCR' - Why not? You banking types are just going to pounce on people post March...

Kesse, do you work for the finance or banking industry? The second post seems to indicate that you do. If you're 'really sad that the community does not seem to have the financial smarts, they just want to live in the now', Then what's wrong with providing people with information regarding new...

Kesse, I merely provided info on the New Privacy Legislation regarding credit reporting.I'm not worked up about it. I'm as cool as can be :cool: Just wanted to share with other people what I found out and its implications.

I've been poking around for information on, 'under what circumstances' can Credit Reporting Body (CRB) like Veda provide Credit reports to Credit Providers (CP) e.g banks/lenders 'Fascinating stuff', nearly went blind tonight reading new Privacy legislation regarding Credit reporting. A...

Tobe, I certainly hope that banks/lenders have to seek permission from me first before they get my credit file/report from Veda, usually in relation to a credit application. I hope that there is a code or some law that will govern this. But I'll just ask a rhetorical question, If...

Thanks MTR:) for not taking umbrage. Don't mean to offend anybody with my posts :p It's a brave new world awaiting us if all credit providers decide to participate in information sharing in Comprehensive Credit Reporting (CCR). And I think they will. Who doesn't want to get their hot little...

PT, no, I am not suggesting that it's okay not to disclose properties and debts by other lenders. The scenario I described could be one where you have acquired the 10 properties with different lenders after the initial 2 with the original bank. Regardless, your credit file will reflect all...

Pffffttt! That's nothing, the real deal is actually more insidious than just being punctual or late for payments. And the 'positive' reporting system they're trying to sell us, that less risky customers will get lower rates (rewarded) and more risky customers will get higher rates (punished)...