New database, Georisk, has published credit ratings on Australian households, aimed to measure an individual’s financial risk, by putting consumers in a range from one to ten.

The ratings are publicly available to anyone who wants to search it on a computer. It’s designed to help credit marketers and collection agencies, however as it is public it can be used by anyone. Not everyone was pleased to know their information was publicly visible online. 

Stephen Blanks of NSW Council for Civil Liberties said he felt he thought most would consider it an invasion of privacy.

“I think most people are going to feel their privacy is being grossly invaded by public disclosure of this information for anyone who wants to look at it for any purpose whatsoever,” he said.

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Source: Channel 7 News