Does application rejection gets recorded on your credit file?

Discussion in 'Loans & Mortgage Brokers' started by kennyboi, 30th Oct, 2016.

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  1. kennyboi

    kennyboi Well-Known Member

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    I am wondering whether a mortgage loan application rejection gets recorded on your credit file? If it does not, how does the company that holds your credit file permit you to get a copy of your credit file due to credit declined?
     
    kennyboi, 30th Oct, 2016
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    No.
    Just that you applied.
    You write in and ask for a copy of your file - be prepared for them to annoy the **** out of you trying to 'help' you get a loan after that.
     
    Terry_w, 30th Oct, 2016
    #2
  3. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    As soon as an application is lodged, it's recorded on your credit file. At the moment the outcome of that application is not specified on the credit report.
     
    Peter_Tersteeg, 30th Oct, 2016
    #3
  4. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    Won't be on your credit file but the lender you applied with will probably hold that decision on file for a while.

    Cheers

    Jamie
     
    Jamie Moore, 30th Oct, 2016
    #4