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Credit agencies rejoice as positive regime gets kickstart

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Australian Broker | 24 May 2012, 05:00 AM Agree 0
Credit rating agencies have praised the introduction of legislation paving the way for the controversial positive credit reporting regime.
  • 1martym1 | 24 May 2012, 12:14 PM Agree 0
    Has wored so well in the US hey? Veda and Dunn have lobbied hard for this. They will be stocked.
  • Broker | 24 May 2012, 12:40 PM Agree 0
    Well isn't that a typical labour big-brother policy!
  • Peter Simmons | 24 May 2012, 01:54 PM Agree 0
    When a Lender or more specifically a mortgage insurer, rejects a loan application because another mortgage insirer rejected an application on that applicant some 5 month's earlier on a ($300 telco default listed 3 years previously & paid within 30 days of listing) and, ignores any other good/excellent credit history available, it will take some miracle for me to believe in "positive credit reporting" being beneficial to an applicant.
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