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Construction Loan Tips

If you’ve decided that you want to build your dream home, or if you absolutely love your current home but want to update or extend it, you may find that a construction loan is the ideal choice for you. Construction loans are different to a traditional purchase, so we’ve put together some things to consider when going down this path.

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Vicky McLoughlin No Comments

Positive Credit Reporting – What it means for you

Positive Credit Reporting also known as Comprehensive Credit Reporting (CCR) is a reporting system whereby lenders share more of your data with credit bureaus such as Equifax and Experian. This in turn will be listed on your credit report.

In the past, the only information that was mandatory to share was Negative Credit Reporting. It wasn’t until 1st July 2018 when it was made compulsory for the big banks to share at least 50% of your positive credit data with credit bureaus. By 1st July 2019 this amount will be increased to 100%.

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