How will you know if information about your repayment history will be included in your credit report?
At or before the time a credit provider collects information about your repayment history it must inform you if it intends to disclose that information to a credit reporting body (CRB). A credit provider will usually inform you of this when you enter into a credit contract (such as a mortgage contract) with that provider.
This means that a credit provider cannot disclose information about your repayment history that pre-dates that notice.
How far back will your RHI go?
Information about any particular payment cannot be held by a CRB (and included in your consumer credit report) for more than two years.
How will RHI appear in your credit report?
If you make all your consumer credit payments that are due to be paid in a particular month on time, a ‘0’ will appear on your consumer credit report next to that month.
Information about any payments that you have missed will appear in your consumer credit report as a 1, 2, 3, 4, 5, 6, X next to the month in which the payment was due. A higher number (or ‘X’) will indicate that the payment has been overdue for longer.
A CRB or a credit provider that provides you with a copy of your consumer credit report should also provide you with a summary and explanation of the information contained on that report (including in relation to your RHI).
If you need to check what is on your credit file today, MyCRA Lawyers (Tel: 1300-667-218) can help you get a copy (with no trace of MyCRA Lawyers) of your Equifax (Formerly Veda Advantage) Credit file (with your credit score) and a copy of your Dun & Bradstreet credit file from within one business hour…
To get a copy of your Equifax (Formerly Veda Advantage) and your Dun & Bradstreet credit reports, call MyCRA Lawyers on 1300 667 218 now.
If you are worried that Repayment History Information might be stopping you getting your finance, Call MyCRA Lawyers have been successful in removing Bad Credit Listing from credit files.
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Pick up the phone and call 1300 667 218 now…
Originally published here