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Credit Reporting Information

Thursday, August 11, 2016 - Posted by Michael McCulloch

How long will this stay on my credit report?

It is a question that anyone that works in the debt collection industry will no doubt be asked several times a week and one that if you get wrong could cause some problems.

This month we delved into the archives and did some research of the Office of the Australian Information Commissioner ("OAIC") website which has a host of information and fact sheets that you can download to assist you.

The answer to our question lies in Privacy Fact Sheet 36 which you can download here or you can view our quick summary below:

 

Listing Type

Retention Period

Repayment History Information

2 Years

Payment Default

5 Years

Court Judgments

5 Years

Bankruptcy

5 Years

Part IX Debt Agreement

5 Years

Part X Debt Agreement

5 Years

Serious Credit Infringements

7 Years


For further information we recommend that you contact the OAIC or your credit reporting agency.

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