Banks and Credit reporting agencies

Lsugecube on 13/02/2018 - 15:51

Hello, first time poster here. I have signed a contact for a house recently and now looking at home loans. I got my credit file from Equifax and Dunn & Bradstreet. Both reports indicate a default listed on 22/2/2013 which was since paid.

The default was removed from Equifax/Veda report as it is their policy to remove defaults over 5 years at the first of the month. The D&B report still has the default listed and it is their policy to remove it on the day of the 5th year.

Due to the time I signed the contract, i only have until March 1, 2018 to get finances settled. My broker said there is a good deal going around for National Australia Bank and I would like to know if NAB uses Equifax/Veda or D&B or both.

I can wait till 23/2/2018 but that really leaves my just a week to get the finances settled and I dont really want to pay through the nose for a black mark 5 years ago. I just need to know which bank uses which credit reporting agencies (if anyone knows). Any help will be appreciated.

Financial NAB

Comments

  • chumlee on 13/02/2018 - 16:46

    How much was the default for?

    As it's a secured loan small defaults really make no difference particularly if you have a good credit history since

    • sugecube on 14/02/2018 - 10:55

      Thanks for your reply. The default was for $2200. I haven't had any issues since

      • chumlee on 14/02/2018 - 14:14
        +1

        If it's a paid default it shouldn't be an issue at all. They may or may not ask for an explanation

  • John Kimble on 13/02/2018 - 19:26
    +1

    I don't think it's confidential information…you could try and ask the banks directly. It's just finding the right person who knows the correct info.

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