Have you ever looked at your household bills and just put them aside with a plan to pay them later?
Have you ever looked at your household bills and just put them aside with a plan to pay them later?
Well, it’s time to make a change…
If you’re looking to purchase your first home, refinance, invest or take out a personal loan, on time payment of your household bills with be an important focus.
From 12 March 2014, credit reports are changing. Thanks to changes in Australian Laws for credit reporting, whether or not you pay your bills on time will affect your future chances of borrowing money.
Reports are being backdated to 2012, so if you have any late bills over the past two years they will be recorded against your name on your credit report.
Get on top of it today and set up a system that works for you to ensure your current or future borrowing needs are not affected.
Speak with us today to put you on the right path.
Disclaimer:
This article is written to provide a summary and general overview of the subject matter covered for your information only. Every effort has been made to ensure the information in the article is current, accurate and reliable. This article has been prepared without taking into account your objectives, personal circumstances, financial situation or needs. You should consider whether it is appropriate for your circumstances. You should seek your own independent legal, financial and taxation advice before acting or relying on any of the content contained in the articles and review any relevant Product Disclosure Statement (PDS), Terms and Conditions (T&C) or Financial Services Guide (FSG).
Please consult your financial advisor, solicitor or accountant before acting on information contained in this publication.
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