First home buyers set for a win with credit reporting

PHOTO: First home buyers

First home buyers who tap into comprehensive credit reporting will be the largest borrowing demographic, according to a credit bureau.

Research undertaken by credit bureau Experian reviewed the impact of comprehensive credit reporting (CCR) on 2.5 million individuals with open credit card information.

Looking at three months’ worth of credit card information, the bureau suggested that first home buyers (FHBs) would be one of the biggest contingents to benefit from more transparent credit data.

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