New laws mean changes for loan arrangers

The financial services regulator has loosened the reins on lending to increase borrowing capacity

The last financial year was quite a roller-coaster. From credit reporting to borrowing capacity, a lot has been altered.

Lone Ranger
Photo: Alamy

Here’s what you may need to know the next time you apply for a loan:

Credit reporting just got more comprehensive

Banks are required to share 100% of their data with credit reporting agencies.

This means your full financial history and