Lodex FinSights

Understanding Your Credit Report

Posted by Lodex on 5 Dec 18

Your credit report holds important information regarding you credit history, which is normally what banks and lenders will analyse to get a better understanding of your credit worthiness. 

Below is a break down of the different sections of your report and what they mean. Read on to find out more about your credit history.

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Topics: Credit Score and Report

Tips to Improve and Manage Your Credit Score

Posted by Lodex on 26 Nov 18

Your credit score gives insights to potential lenders when they're deciding wether to approve your application, or how much your interest rate will be. 

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Topics: Credit Score and Report

Why Should You Be Aware of Your Credit Score?

Posted by Lodex on 12 Nov 18

Your credit score is an important (or one of the main) considerations that can impact a lender's decision when you apply for credit.

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Topics: Credit Score and Report

Why You Should Care About Positive Credit Reporting

Posted by Lodex on 5 Nov 18

With CCR (comprehensive credit reporting) already in place, it is important to know what can impact your credit score moving forward. 

Below we take you through some quick info on the importance of being aware of your score and how positive data can impact your next credit application.

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Topics: Credit Score and Report, Life Hacks

What Are the Benefits of Positive Credit Reporting?

Posted by Lodex on 29 Oct 18

You probably heard about positive (or comprehensive) credit reporting - but what is the difference and the advantages compared to negative credit reporting? 

Below are some of the key benefits for consumers and lenders. 

Under the positive credit reporting system, when you apply for credit, lenders you have authorised to do so can see if you have been repaying your credit card, personal loans or mortgages on time over a period of up to 24 months, including when you have paid off a credit account. How does positive credit reporting help borrowers?

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Topics: Credit Score and Report

What is Comprehensive Credit Reporting?

Posted by Lodex on 22 Oct 18

You might have heard that Australia has now a comprehensive (positive) credit reporting system. But what does that mean?

Here is a quick explanation on what changes from a negative to a positive credit reporting. Happy reading!

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Topics: Credit Score and Report, Lodex News and Tools

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