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Old 05-11-2007, 11:25 PM   #4 (permalink)
Liam
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You don't get a credit rating as such here in OZ. What you get is a credit record if you have defaulted etc..otherwise all the provider gets is a list of other providers that have done a rewcent credit check.

If you can organise a credit card, store card etc (with not too high a limit) then you will build up a small track record.

Lending here tends to concentrate on ability to service the loan so yes they look for proof of earnings such as 6 months statements and payslips for 2 months showing the Year To Date figures. If you have started in ajob recently but finished the probabtion period (i.e. confirmed as full time/ PT employee) then they will often accept a letter from your employer with details of youre salary package and conditons.

Hope this helps

Liam
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Genesys Wealth Advisers Sydney Tel: +61 2 9634 1755 liam.shorte@genesyswealth.com.au
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