Here's how they impact you. Big changes to how your credit rating is calculated are taking effect, with lenders able to access more information about your credit history than ever before.
It has its fans and critics and has been five years in the making. Let's break down what it means for you.
What is comprehensive credit reporting (CCR)?
It's a beefed-up system of information about your credit history that lenders can access via credit rating agencies.
Previously, lenders were only able to find out negative information about your credit history, like payment defaults, bankruptcies and court orders and judgements.