What credit bureaus operate in Australia?

There are four different credit reporting agencies operating in Australia:

Equifax. This is the largest credit reporting agency in Australia and provides personal and business credit reports country-wide. You can order a free copy of your report in 10 days if you haven’t ordered one in the previous year, or you can sign up for a Equifax package to have your credit file in 24 hours. Credit alert services are also available.
Experian. This data-focused credit agency lets you order a free copy of your credit file. It also lets credit providers make more accurate credit decisions through data sharing. When you order your credit report and credit score through finder, which you can do for free, the information will be delivered by Experian. Find out more about your Experian credit score.
Dun & Bradstreet. Dun & Bradstreet lets consumers check their personal credit reports. It also offers debt recovery services and provides a business credit check service whereby you can verify the credit and financial stability of a business.
Tasmanian Collection Service. Residents of Tasmania can order their credit reports from the Tasmanian Collection Service. This credit reporting bureau offers credit reporting and debt collection services.

Understanding The Australian Credit Reporting System

Are there any differences between credit reporting bureaus?

Each bureau receives information from credit providers and various public sources. However, as all of these sources are not the same you’ll find that your credit report may be different if you order from each of the agencies. If you find any information that is incorrect on your credit file it’s important to get in contact with the credit bureau first. If it cannot be rectified then you can contact the credit provider, and if the provider can’t have the error cleared, you can get in contact with the Privacy Commissioner.

What is a credit bureau?

A credit bureau is a body that collects, holds and distributes data from credit providers that pertain to a borrower’s history. This forms your credit file. Each of the credit reporting agencies operating in Australia has to send you a free copy of your credit file within 10 days if you haven’t ordered a copy in the previous 12 months. You can also get a free copy of your credit report and credit score, delivered from Experian, from finder.

How do credit reporting bureaus receive my information?

Any credit providers that you apply for an account with, such as a utility account, mobile phone contract, personal loan or credit card, will send this information to credit reporting agencies so it can be noted on your file. Even if you’re not approved for the account it will be listed.
If you are approved for the account, information such as the account open and close date, repayment information and any default listings will be included. Other publically accessible information such as court listings and bankruptcy information is also included in your report.
It’s important to note that unless you have held or applied for a credit account in Australia you will not have a credit report.

Source by: https://www.finder.com.au/understand-credit-bureaus

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