According to recent research by Veda (a major Australian Credit Reporting Agency), 78% of Australians have never checked their credit file. Your credit file is what is used to judge you on any applications you make to obtain finance, whether it is a personal loan, credit card, car loan, home loan or even an interest free in-store purchase!
If you have no idea what is on your credit file it may be detrimental when you apply for finance for your next major purchase. It is a good idea to check your file regularly to ensure the information on it is accurate and also, in this digital age, to make sure their has been no fraudulent activity against your identity.
All Australians are entitled to one free credit check per year from any credit reporting agency. For more information check out Access My Credit File or you can give us a call on 1300 306 694.