Control your credit history

From March 2014, Australia’s credit reporting system will undergo extensive changes.

Control your credit history
Image credit: Shutterstock

From March 2014, the credit reporting system in Australia will undergo extensive changes so now is the time for you to take control of your credit history.

Historically, credit reports only provided negative information about a person’s repayment history – missed payments, defaults, etc, but the new reforms will now enable those credit providers, who choose to participate in comprehensive credit reporting, the opportunity to share and access repayment history behaviour. The reforms will:

  • provide a clearer picture of the consumer’s ability to repay debts
  • enable better matching of consumer credit needs
  • give fairer access to credit and increased consumer protection.

To help consumers understand the changes and how they can manage their credit history in a proactive manner, the Australian Retail Credit Association (ARCA) has launched the website The site provides a range of tools and tips to help better understand what your credit history says about you.

ARCA CEO Damien Paull said, “It is important consumers are aware of these changes as they will affect what is in their credit report and what information can be accessed by credit providers. Together with many of Australia’s largest financial institutions and credit reporting bodies, we’ve built to help improve consumer understanding of these changes.”

For more information, visit


    To make a comment, please register or login
    4th Feb 2014
    I notice that the reforms refer to "...those credit providers who choose to participate..." Will this only be taken up by very few providers and thus be fairly useless?
    5th Feb 2014
    I've just been on the Veda site and they are charging $69.95 for a credit report??? Am I right in assuming that this only applies from 1st March?
    cheryl ann
    14th Feb 2014
    Why is it not compulsory for all companies involved in credit to report good as well as bad credit?
    26th Jan 2016
    I checked mine a few years ago for free, can't remember the name of the place but it is well known and took about 3 weeks to get results and it was all GOOD. Will seach and see if I can find it.

    Did find this though
    26th Jan 2016