Your credit history creates a picture of your credit enquiries and relationships as well as reported payment defaults.

Introduction to credit reporting

This helps make up the picture that is looked at by banks and other lenders when you apply for credit, such as a loan.

How to manage your credit effectively

Your borrowing capacity is impacted by your credit history – which can be harmed when you fail to pay your bills on time and, as a result, your serious payment defaults are reported.

Your rights

Similarly, it can be kept nice and strong by always making your payments on-time.

Taking control of your credit report

The only repayment information documented in your credit history has been information reported by your lender when you DIDN’T meet your repayments.

From March 2014, under new comprehensive reporting laws, the personal credit card and loan payments you DO make can be reported by your lender as well.

Changes to credit reporting

Over time, this can help to show how responsible you’ve been at meeting your repayments and provide a clearer picture of the good and bad information in your credit history.This is how Australia is building a clearer credit history reporting system.

Pros & Cons of credit reporting changes

This website was developed by the Australian Retail Credit Association (ARCA)

Find out more

This is not an ASIC website. The ASIC website which contains more general consumer education guidance, is located at