In the wake of the Banking Royal Commission, lenders have tightened restrictions, making mortgages and loans harder to get. But now the big four banks have a new tool to decide how much more debt to give us - comprehensive credit reporting.
Share
Could a new tool for banks improve your chances of getting credit?
On the 1st of July, Australia’s big four banks started implementing a system known as “comprehensive credit reporting”. Source: AAP
In the wake of the Banking Royal Commission, lenders have tightened restrictions, making mortgages and loans harder to get. But now the big four banks have a new tool to decide how much more debt to give us - comprehensive credit reporting.
Published
Updated
By Camille Bianchi
Presented by Maridel Martinez
Source: SBS
Share this with family and friends
Latest podcast episodes
From Singapore, Russia to Australia: How this Ilongga found ‘love and simple life’ in regional Tasmania
podcast episode12 minutes 1 second
