Credit File

A Credit File is the official record of your credit history, including enquiries, repayment behaviour, accounts, late payments, and defaults. Lenders use it to assess risk when approving Low Doc Finance, Vehicle Finance, Equipment Finance, and all forms of Business Loans. Related glossary terms: Credit Score, Credit Enquiry, Defaults. Relevant blogs: Bad Credit vs Low Doc, What Lenders Look For, Rebuilder Credit Roadmap, Signs You're Ready for Finance.

Why Credit Files Matter

A credit file tells lenders how reliably you manage debt. Strong files improve approval odds across the Tradie Hub, Truckie Hub, Café Hub, and Whitecoat Hub. Poor files—full of enquiries, arrears, or defaults—limit options and may force you into higher-doc or higher-rate products.

What’s Inside a Credit File

• All credit enquiries (loans, credit cards, utilities).
• Repayment history (on-time or late payments).
• Any defaults, judgements, or serious credit infringements.
• Active credit accounts and limits.
• Identity information used for verification.

Official info: asic.gov.au