CIO Releases Credit Reporting Fact Sheet

The Credit & Investments Ombudsman ("CIO") has this month released a new fact sheet, "Credit Reporting: Enquiries".

The fact sheet covers:

• What is a credit enquiry?
• Why would a credit provider need to access my credit report?
• What information is included in a credit enquiry?
• Is my consent needed for a credit provider to access my credit report?
• How long does a credit enquiry stay on my credit report?
• What if I did not make an application, and the enquiry is incorrect?
• Do credit enquiries negatively affect my credit report?
• Can my application be declined because of the information in my credit report?