The new comprehensive credit reporting (CCR) system may be beneficial to you as it can record 'good credit behaviour' on your credit report, like making monthly repayments on time, rather than solely 'negative' events.

CCR gives you the chance to drive your score up as this 'good credit behaviour' can now be recorded along with the not-so-good.

This can result in a faster recovery from difficult periods which may have reflected negatively on your credit score.  For example, by turning over a new leaf and beginning to consistently make your payments on time, you can work towards countering an old default.

 

By keeping on top of your monthly repayments, those new to consumer credit can also begin to build a strong credit report quickly without necessarily having many different loans or credit cards.

The best way of starting out is to find out your free credit score, and if required, get a copy of your credit report.