What has changed?
Over time, once the relevant data is provided by lenders, credit reports may include information about your consumer credit liabilities and repayment history. This is in addition to the information already included in credit reports.
Consumer credit liability information includes:
- types of credit accounts that you hold or held
- dates these accounts were opened and closed
- details of the respective credit providers
- credit limits on these credit accounts.
Repayment history information includes:
- Information relating to consumer credit such as credit cards, personal loans or home loans
- whether required minimum payments were made
- whether or not payments were made on time
Both consumer credit liability information and repayment history information will be kept on your credit report for two years.