Comprehensive Credit Reporting (CCR)

Comprehensive Credit Reporting

Comprehensive Credit Reporting (CCR) changed the way credit information can be shared by lenders for the purpose of assessing credit. The result is more data, more often – which provides a more complete picture of a customer’s credit commitments.

Historically, information on an individual that could be shared by lenders was limited to credit applications and credit defaults – known as 'negative' credit reporting. The change in legislation has opened up additional information about the accounts individuals currently have and how well they meet their repayments – known as 'positive' or 'comprehensive' credit reporting.

The change, which began in March 2014, brings Australia in line with the vast majority of the rest of the developed world.

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