Aussies in the dark as big changes loom for credit card, loan and mortgage applications

NEW rules affecting every Australian applying for credit cards, loans or mortgages will soon kick in, but most people don’t even know about them. That’s the warning from credit rating bureau Experian, which says two thirds of Australians are unaware of looming changes to national credit reporting requirements that will enable lenders to see a lot more information about a customer’s financial history. At the moment, lenders only share negative data, like defaults and bankruptcies. But under amended privacy laws […]