Hi all,
With the new system being rolled out this year, how would it affect investors who wants to amass a sizeable portfolio. The positive rating system will have these additional parameters
- Type of account (e.g. credit card, home loan etc.)
- Date the account was opened and closed
- Details of the credit provider
- Credit limit placed, credit utilisation rate and balance of the account
- Repayment history
TLDR: will the new credit rating system benefit someone who has been diligent with paying bills/loans but has a massive IP loan?
Cheers,
bez
With the new system being rolled out this year, how would it affect investors who wants to amass a sizeable portfolio. The positive rating system will have these additional parameters
- Type of account (e.g. credit card, home loan etc.)
- Date the account was opened and closed
- Details of the credit provider
- Credit limit placed, credit utilisation rate and balance of the account
- Repayment history
TLDR: will the new credit rating system benefit someone who has been diligent with paying bills/loans but has a massive IP loan?
Cheers,
bez
