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Australian Broker
Jayden Fennell
Published on: 27 Apr 2022

As more lenders report on consumer loan repayments, Creditsmart is urging Australians to take ownership of their credit health.

Creditsmart is a consumer education website owned by the Australian Retail Credit Association (ARCA), the peak body for organisations involved in the disclosure, exchange and application of credit reporting data in Australia.

Creditsmart’s annual report revealed that 52% of Australians never checked their credit report, 25% of Australians knew their monthly credit repayments were reported on their credit report, 68% felt their credit health was under control and 41% were struggling to meet their bills and credit commitments.

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