All too often people come to us for a low doc mortgage or conventional home loan without knowing if their credit file is clean or not. With the help of technology this is no longer an excuse not to know what’s happening to your file right now. By checking out the site My Credit File www.mycreditfile.com.au you can get a copy of your file emailed directly to your inbox.
You can expect your credit file to show any credit applications you have made in the last five years. It will also show if you have any defaults for payments not made as well as any court judgments that may be listed as well as company directorships and in the worst of cases if you are declared bankrupt. Veda Advantage is Australia’s main reporting agency where they keep a check of your file and try to keep it in order.
To get a copy of your file you will need to provide Veda with your full name, current address, your previous address, DOB and employer. By knowing what’s on your credit file you could save yourself a lot of heartache if you are applying for a mortgage in case there is something there that may have been listed as a mistake or in the worst of scenarios a mobile phone bill that didn’t get paid in time. Something as small as that can dramatically determine the outcome of your application. Also knowing your file minimises the chances of you becoming a victim of credit fraud.