John Tiedemann illustrates Simon Benson’s opinion piece about Australia’s rising debt problem.
A bad credit rating can have a big impact on your plans to get a mortgage.
LIKE many young Australians, Amy loved the idea of getting married, settling down and buying a house with her fiance.
But when they applied for a home loan, things began to unravel fast after her partners financial past came back to haunt them both.
The Sydney woman had no idea her long-term partner actually held a big secret one that affected their entire financial future.
Her fiance had debts from a gambling habit, one which she had no clue about until they applied for a loan.
My credit history was fantastic, but his wasnt at all, said Amy, whose last name news.com.au h…
Read the full article at: http://www.news.com.au/finance/money/costs/credit-score-in-australia-one-in-five-worried-about-partners-rating/news-story/b7ed43e6402ab488410c0608b574d6f0