Newspaper article The Morning Bulletin (Rockhampton, Australia)

Right Salary, Wrong Postcode

Newspaper article The Morning Bulletin (Rockhampton, Australia)

Right Salary, Wrong Postcode

Article excerpt

Byline: Michelle Gately michelle.gately@capnews.com.au

Credit check

Mr Doessel said it was important to keep an eye on your credit rating, checking it at least once a year

Check for free through www.freecredit rating.com.au

APPLYING for a loan in Rockhampton?

Your address could be lowering your credit rating.

Graham Doessel is the non-legal director of MyCRA Lawyers and he said the suburb you lived in was one of the factors that decided your credit rating.

"It's not common knowledge, but when it comes to your address some suburbs are listed as high for commercial credit risk and if you happen to live in that suburb your score may be lower than what it would be if you lived somewhere else," he said.

Unemployment figures were also seen as carrying further credit risk.

Data for the December 2013 quarter showed Rockhampton's rate was higher at 8.2% than the state and national averages of 5.94% and 5.88%, Mr Doessel said. …

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