Is A Credit Report Australia-Wide?
Yes. Whether you apply for credit or a loan in Adelaide, Brisbane, Canberra, Melbourne, Perth or Sydney, it will be recorded on your credit file.
Your credit file can contain the following information:
- your personal details; and
- a record of loans, such as home, car and business loans.
It will also document payment defaults, outstanding debt, court judgements, bankruptcy, and court orders.
Lenders, such as banks, take this information into account when processing your request for credit. For example, you may have defaulted on a loan with a NSW rental company. This could affect your application for a loan with a bank in Victoria, or for an account with a Queensland gas company.