It can happen to anyone

Thousands of Australians are applying for loans everyday, and the sad reality is that not all of the applications are accepted.

More than likely, if you have been refused for a loan it would be one of 2 reasons, either you don't service ie: (make enough money compared to the amount of debts you have), or you have a black mark on your credit rating, known in the industry as a bad CRA , which is short for "Credit Reporting Agency

Having said this, we were astounded when we found out how many people had no idea what a CRA is.

Can I get a copy of my CRA? If so, how do I go about getting one?

Getting a report of your CRA is a free service from Veda Advantage which takes around 7 days, otherwise you can get the premium service where you pay $40 and you will receive it within 24 hours either by Post, Fax or email, it's your choice. Payment can also be charged to your home phone or credit card. Visit the Credit Reporting agency Here www.mycreditfile.com.au