You & Your Credit File
Your credit file includes information on your credit history, including overdue debts, lenders you have previously approached for credit and, if you’ve been shopping around for products, applications for quick loans. Credit files contain national data, which means, for example, that a Queensland-based lender could see credit applications that you have made in NSW.
In Australia your credit file doesn’t state whether your credit history is considered ‘good’ or ‘bad’. It simply records credit bureau data, which is then independently reviewed by a lender. Sometimes instant approval can then be granted, depending on the lender’s policies and procedures.