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Ben Ryland

Ben has a degree in International Business and Management. Prior to working for us, Ben spent a year working for an IT firm in France. He writes on a wide range of issues across all areas of credit and personal finance.

Ben is a Senior Credit Analyst at checkmyfile.

Articles Recently Posted by Ben Ryland

Comprehensive Credit Reporting – a big change to Australia’s credit industry

It’s been nearly two years since a ground breaking change was introduced to Australia’s credit reporting system – the introduction of payment history on consumer credit files.

In truth, Australia’s credit reporting system has been lagging behind other major economies by decades in terms of the amount of information which is present on a credit file. Credit providers throughout Australia have only been able to view relatively negative information when performing a credit check, with good payment behaviour rarely taken into account. This shift in approach is aimed at providing lenders with more information allowing them to make better and well informed lending decisions when it comes to judging an individual’s credit worthiness.

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15 Apr 2016 by

Ben Ryland

 in 

Credit Reports

Full Article

Westpac to refund some credit card customers

One of Australia’s largest credit card providers – Westpac has had to recently agree to refund a number of its credit card customers after not following industry guidelines re increasing customer’s credit card limits.

Westpac raised the limits on some customer’s credit cards without checking the employment status of the customer first. With responsible lending at the forefront of a lender’s mind, it is surprising that such a large credit provider would increase limits without sufficient inquiries into a customer’s employment status.

The Australian Securities and Investment Commission (ASIC) raised concerns with Westpac and its approach to credit limits on credit cards, with ASIC mainly concerned with how the banks’ credit lim .....

23 Feb 2016 by

Ben Ryland

 in 

Personal Finance

Full Article

Who uses a credit score

After understanding why a credit score exists, it’s time to learn about who actually uses this credit score and why

23 Feb 2016 by

Ben Ryland

 in 

Personal Finance

Full Article

Why lenders credit score

If you’ve ever wondered why lenders use credit scores to decide whether to accept or decline an application, here is your answer

3 Jan 2016 by

Ben Ryland

 in 

Credit Score

Full Article

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