Anyone know when say application from say 2015 and cancelled by mid 2016 will drop off the file?
They should rotate out after hitting the five year mark.
Is this documented, or are you just speculating? Doesn't seem to be a lot of actual knowledge on new reporting....
That's definitely my view and I'm counting on it continuing.but as the Dr has pointed out, ability to repay is still highest on the list.
5 years is the law (Privacy Act).Is this documented, or are you just speculating? Doesn't seem to be a lot of actual knowledge on new reporting....
I seem to remember some 'doom and gloom' article in a newspaper saying Australia was in debt crisis as we had the highest national proportion of people paying for their groceries with a credit card. I'm sure that true but most wont be running that up as a recurring debt...Maybe, Australia is somewhat unusual in the penetration of FF-earning credit cards (and I'm guessing the proportion of the population who churn).....
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... but most wont be running that up as a recurring debt
According to the RBA, $31.775 billion in balances accruing interest as of December 2017