Why Australia needs a better system for credit scores
- Written by Andrew Grant, Senior Lecturer, University of Sydney
Lenders will soon have more data on your accounts and cash flow.ShutterstockAustralia’s credit rating system is failing both borrowers and lenders. Many borrowers are unaware of their own credit scores and our research shows they have trouble applying for suitable loans. Lenders are also struggling with too little information, causing them...
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