Credit file

Discussion in 'Loans & Mortgage Brokers' started by Harry30, 9th Feb, 2020.

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  1. Harry30

    Harry30 Well-Known Member

    Joined:
    4th Aug, 2017
    Posts:
    756
    Location:
    Melbourne
    I was recently offered a business overdraft for my company bank account. I did not take it up as I thought it could impact a credit application in train (in my personal name).

    When the company borrows, personal guarantees are mandatory. I am a director of the company.

    1) Will accepting such a facility (as guarantor) go on my personal credit file?

    2) Also, is there a credit file (or equivalent) for my company, similar to what you have for individuals? If so, how do I access it?
     
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker Business Member

    Joined:
    18th Jun, 2015
    Posts:
    24,337
    Location:
    Australia wide
    a) yes probably
    b) yep. I think the company can apply to the reporting agency for a copy but there will be fees applicable as legislation forces the reporting agencies to provide free copies to individuals.
     
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