This powerful set information indicates the total value of credit outstanding as well as the monthly instalment amount and any arrears balance.
| | Useful because... |
| Monthly Instalment | This figure is useful to assess affordability.
One of the calculations to assess rental affordability is to limit the value of the rent to 30% of gross monthly salary; however if this Monthly Instalment comprises a significant portion of the individual’s salary even the 30% rule may not be appropriate.
It is an important figure to assess over-indebtedness
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| Arrears Balance | Historically landlords and estate relied on judgement or default information to assess the suitability of a tenant. Now the Arrears Balance figure might provide early warning indicators before default or judgement listing as to the repayment behaviour of a tenant application |