Australian Broker forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Unfair changes in new credit regime

Notify me of new replies via email
Australian Broker | 18 Sep 2013, 12:00 AM Agree 0
Not all changes to credit reporting laws may be good, says Clean Credit’s John Dickinson.
  • Karen Sullivan | 20 Sep 2013, 11:02 AM Agree 0
    Considering there are a huge multitude of reasons why someone may be late making a payment, many out of their control, I would hope that anything less than 3 would be totally ignored as it is not an indication of character.
    For the same reason, anything older than twelve months should also be ignored.
  • Donm | 20 Sep 2013, 02:43 PM Agree 0
    As if the NCCP is not enough ! Sounds like another policy of the Labor (Socialist) Party policy. The nanny state !!
  • David | 21 Sep 2013, 03:48 PM Agree 0
    Let's not over-react. The Privacy legislation has been introduced but the details have not yet been finalised (just like NCCP). Also, at this stage the late payments only relate to financial/bank accounts, not to utilities, councils, private companies etc. There is more water to flow under the bridge before we can assess the impact.
  • The Truth | 26 Feb 2014, 11:45 PM Agree 0
    Lets see how brokerage firms exploit this new system to increase flex rates to line their (and lenders) pockets
  • The Truth | 26 Feb 2014, 11:56 PM Agree 0
    David, you are quite naive not to think that companies will try to exploit this new system to line their pockets. Any change will automatically have an impact.
Post a reply