The Turnbull government will introduce mandatory comprehensive credit reporting (CCR) from 1 July 2018 in what is anticipates will be a “game changer” for lenders and consumers. Speaking in Melbourne this morning at the Fintech Australia Collab/Collide Summit, treasurer Scott Morrison said the government’s current target of 40 per cent data reporting by year end will not be met, as only a “negligible volume” of data is currently being reported in the existing voluntary comprehensive credit reporting scheme. To read the entire article in www.mortgagebusiness.com.au by James Mitchell, please click here.
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Government Announces Mandatory Credit Regime
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It was important for me to find a Finance Broker who was able to get me a loan quickly, as I had to vacate the place I was renting with my two children within 2 months of it being sold. I also needed someone who had experience in getting loans for people who have a lower income and is self- employed. My tax return income was low for the previous 2 years due to COVID-19.
I had gone to many banks, and also had another broker, who had all been unsuccessful in getting me a loan. That’s when I was introduced to Paul, who had helped a friend of a friend I know to get a loan when no bank would give her one. Paul is a real life-saver because he got me a loan when all others failed.
Honestly, I felt like Paul was an angel! He was so efficient and quick with everything. He also engaged the people he was working with to push everything through as quickly as possible so that I was able to settle in time to vacate my other home. Otherwise, I would've had to move twice.
Paul, thank you SO MUCH for all your help. My children and I have our own home now. You have given us the security and peace of mind!
- Carolina Rosa