{ "service": "Creditcrest Record", "version": "1.0.0", "not_advice": "Creditcrest Technologies is not a credit provider, is not a credit assistance provider, and does not hold an Australian credit licence. Its software produces evidence; the licensee makes the decision.", "this_is_an_example": "Every figure in this example is invented. There is no borrower, no bank statement and no lender: the transactions below were generated from the numbers in the form so that the policy engine has a statement to read, which is what it reads.", "nothing_is_kept": "This record was sealed to answer this request and is not stored anywhere.", "sealed": { "id": "4fa35da820dec1886b50e721aad863a09334bb038020a212aa1b2a28d0538dd8", "algorithm": "SHA-256", "sealedAt": "2026-05-31T04:12:00.000Z", "record": { "recordVersion": "1.0.0", "applicant": "EXAMPLE-0001", "product": "Example unsecured personal loan — invented, not a product anybody sells", "inquiries": [ { "asked": "What do you spend each month, excluding rent and existing repayments?", "answer": "$1,400 a month.", "at": "2026-05-31T03:50:00.000Z" }, { "asked": "Is there any commitment that does not appear on the statement supplied?", "answer": "No.", "at": "2026-05-31T03:52:00.000Z" } ], "verification": { "statementFrom": "2025-12-05", "statementTo": "2026-05-29", "transactions": 77, "categorised": 1, "enoughHistory": true, "verifiedMonthlyIncome": 4799.99, "inferredMonthlyIncome": 0, "monthlyOutgoings": 2958.47, "monthlyCommitments": 1200, "incomeStreams": [ { "description": "DIRECT CREDIT 049211 ACME LOGISTICS PAYROLL", "period": "fortnightly", "monthly": 4799.99, "payments": 13, "confidence": 1, "inferred": false } ], "incomeReconciliation": null, "signals": [ { "code": "gambling_spend", "severity": "note", "statement": "Gambling transactions totalling $899.99 over 5.78 months (about $155.71 a month).", "count": 13 } ], "couldNotRead": [], "engine": "1.0.0" }, "assessment": { "assessmentRate": 0.159, "assessedIncome": 4799.99, "livingExpenses": 2700, "commitments": 1200, "proposedRepayment": 436.77, "monthlySurplus": 463.22, "netSurplusRatio": 0.0965, "debtServiceRatio": 0.341, "dti": { "version": "1.0.0", "totalDebt": 18000, "grossAnnualIncome": null, "ratio": null, "threshold": 6, "atOrAbove": null, "headroom": null, "incomeAtThreshold": 3000, "unpriced": [], "lines": [ { "step": "debt", "what": "The proposed personal loan", "amount": 18000, "rule": "The loan being applied for, counted at its full principal", "inputs": { "principal": 18000 } }, { "step": "not a debt", "what": "RENT HARCOURTS ELSTERNWICK REF 88210", "amount": 0, "rule": "Rent is an obligation but it is not a borrowing, so it is counted against the monthly surplus above and forms no part of this ratio", "inputs": { "monthly": 1200, "category": "housing_rent", "transactions": [ "invented-14", "invented-15", "invented-16", "invented-17", "invented-18", "invented-19" ] } } ], "gaps": [ "No gross annual income was given, so no debt-to-income ratio has been worked out. It is not derived from the statement and will not be: the credits there are after tax and after salary sacrifice, and grossing them up would take a tax scale and a guess at the deductions, which would produce a figure indistinguishable from a measured one." ], "position": "No debt-to-income ratio could be worked out, because no gross annual income was given. On the $18,000 of debt counted above, 6 times would be reached at a gross income of $3,000 a year.", "said": "No debt-to-income ratio could be worked out, because no gross annual income was given. On the $18,000 of debt counted above, 6 times would be reached at a gross income of $3,000 a year. The cap is on the lender and not on this borrower. Since February 2026 an authorised deposit-taking institution may write no more than 20 per cent of its new mortgage lending at a debt-to-income ratio of 6 or more, measured each quarter, with owner-occupier and investor lending counted separately. A borrower at 6 or above is not prohibited from borrowing and has not failed a test: that application is competing for a fifth of a lender's quarter rather than for the whole of it. Whether a particular lender has room left in the quarter it is currently in is that lender's own position, and nothing here can know it.", "apra": { "threshold": 6, "share": 0.2, "since": "February 2026", "basis": "measured each quarter, with owner-occupier and investor lending counted separately" }, "complete": false }, "complete": true, "lines": [ { "step": "income", "what": "DIRECT CREDIT 049211 ACME LOGISTICS PAYROLL", "amount": 4799.99, "rule": "Counted in full", "inputs": { "verifiedMonthly": 4799.99, "rhythm": "fortnightly", "payments": 13, "shading": 1, "variable": false, "transactions": [ "invented-1", "invented-2", "invented-3", "invented-4", "invented-5", "invented-6", "invented-7", "invented-8", "invented-9", "invented-10", "invented-11", "invented-12", "invented-13" ] } }, { "step": "expenses", "what": "Living expenses", "amount": -2700, "rule": "The highest of the available figures, which here was the lender’s benchmark for this household", "inputs": { "declared by the applicant": 1400, "the lender’s benchmark for this household": 2700, "observed on the statement": 1758.47 } }, { "step": "commitment", "what": "RENT HARCOURTS ELSTERNWICK REF 88210", "amount": -1200, "rule": "Found on the statement, 6 payments monthly", "inputs": { "monthly": 1200, "category": "housing_rent", "transactions": [ "invented-14", "invented-15", "invented-16", "invented-17", "invented-18", "invented-19" ] } }, { "step": "proposed", "what": "The proposed personal loan", "amount": -436.77, "rule": "Assessed at 15.90% — the offered rate plus a 3.0% buffer, with a 5.25% floor", "inputs": { "principal": 18000, "offeredRate": 0.129, "assessedRate": 0.159, "years": 5, "repaymentAtOfferedRate": 408.63 } } ], "gaps": [ "The statement shows about $1,758.47 a month of living expenses against $1,400 declared. The larger figure was used, and the difference is worth asking about." ], "engine": "1.0.0" }, "capacity": null, "conclusion": { "verdict": "more_information", "means": "The assessor did not conclude either way and has asked for more information.", "reasons": "The policy in force on 2026-05-31 was 2026.03. All 9 conditions in 2026.03 were met on the evidence supplied. 2 tests send this application to a person to look at. The referral tests that ask for a person are: dti-band, gambling. I have asked the applicant about the spending behind the referral and have not yet had an answer.", "by": "Dana Okafor", "at": "2026-05-31T04:10:00.000Z" }, "supersedes": null, "amendment": null, "extra": { "debtToIncome": { "ratio": 6.6, "totalDebt": 495000, "grossAnnualIncome": 75000, "source": "the figures typed into the form on this page, which is the lender’s own definition of what counts" }, "expenses": { "declared": 1400, "benchmark": 2700, "source": "the two figures typed into the form on this page: what the applicant declared, and the lender’s own household expenditure benchmark" }, "policyRun": { "policy": "example-unsecured-au", "version": "2026.03", "effective": "2026-03-01", "hash": "8400e4ccd45d6d4696e20f87c41cc6996ab7b9dc25bd429cc5c32316c4727caa", "conditionsMet": true, "statement": "All 9 conditions in 2026.03 were met on the evidence supplied. 2 tests send this application to a person to look at.", "met": [ "evidence-complete", "surplus", "surplus-ratio", "debt-service", "loan-to-income", "dti-ceiling", "history", "coverage", "income", "inferred-income", "small-credit", "dishonours" ], "notMet": [], "referrals": [ "dti-band", "gambling" ], "unresolved": [] }, "example": "Every figure in this example is invented. There is no borrower, no bank statement and no lender: the transactions below were generated from the numbers in the form so that the policy engine has a statement to read, which is what it reads.", "examplePolicy": "models/policies/example-au.txt is an example. Its thresholds are round numbers chosen to make the mechanism visible. They are not advice, not a market standard and not anybody’s policy." }, "sealedAt": "2026-05-31T04:12:00.000Z" } }, "verification": { "valid": true, "expected": "4fa35da820dec1886b50e721aad863a09334bb038020a212aa1b2a28d0538dd8", "actual": "4fa35da820dec1886b50e721aad863a09334bb038020a212aa1b2a28d0538dd8" }, "amendment": { "id": "41921db1b96f1a641fb22db835f5b874d2ebd4a65c2859fc685df62484ac3b76", "algorithm": "SHA-256", "sealedAt": "2026-06-06T23:41:00.000Z", "record": { "recordVersion": "1.0.0", "applicant": "EXAMPLE-0001", "product": "Example unsecured personal loan — invented, not a product anybody sells", "inquiries": [ { "asked": "What do you spend each month, excluding rent and existing repayments?", "answer": "$1,400 a month.", "at": "2026-05-31T03:50:00.000Z" }, { "asked": "Is there any commitment that does not appear on the statement supplied?", "answer": "No.", "at": "2026-05-31T03:52:00.000Z" }, { "asked": "What is the regular payment to the wagering operator for?", "answer": "A syndicate the applicant contributes to fortnightly; they say it is capped and have agreed to close it before settlement.", "at": "2026-06-06T23:20:00.000Z" } ], "verification": { "statementFrom": "2025-12-05", "statementTo": "2026-05-29", "transactions": 77, "categorised": 1, "enoughHistory": true, "verifiedMonthlyIncome": 4799.99, "inferredMonthlyIncome": 0, "monthlyOutgoings": 2958.47, "monthlyCommitments": 1200, "incomeStreams": [ { "description": "DIRECT CREDIT 049211 ACME LOGISTICS PAYROLL", "period": "fortnightly", "monthly": 4799.99, "payments": 13, "confidence": 1, "inferred": false } ], "incomeReconciliation": null, "signals": [ { "code": "gambling_spend", "severity": "note", "statement": "Gambling transactions totalling $899.99 over 5.78 months (about $155.71 a month).", "count": 13 } ], "couldNotRead": [], "engine": "1.0.0" }, "assessment": { "assessmentRate": 0.159, "assessedIncome": 4799.99, "livingExpenses": 2700, "commitments": 1200, "proposedRepayment": 436.77, "monthlySurplus": 463.22, "netSurplusRatio": 0.0965, "debtServiceRatio": 0.341, "dti": { "version": "1.0.0", "totalDebt": 18000, "grossAnnualIncome": null, "ratio": null, "threshold": 6, "atOrAbove": null, "headroom": null, "incomeAtThreshold": 3000, "unpriced": [], "lines": [ { "step": "debt", "what": "The proposed personal loan", "amount": 18000, "rule": "The loan being applied for, counted at its full principal", "inputs": { "principal": 18000 } }, { "step": "not a debt", "what": "RENT HARCOURTS ELSTERNWICK REF 88210", "amount": 0, "rule": "Rent is an obligation but it is not a borrowing, so it is counted against the monthly surplus above and forms no part of this ratio", "inputs": { "monthly": 1200, "category": "housing_rent", "transactions": [ "invented-14", "invented-15", "invented-16", "invented-17", "invented-18", "invented-19" ] } } ], "gaps": [ "No gross annual income was given, so no debt-to-income ratio has been worked out. It is not derived from the statement and will not be: the credits there are after tax and after salary sacrifice, and grossing them up would take a tax scale and a guess at the deductions, which would produce a figure indistinguishable from a measured one." ], "position": "No debt-to-income ratio could be worked out, because no gross annual income was given. On the $18,000 of debt counted above, 6 times would be reached at a gross income of $3,000 a year.", "said": "No debt-to-income ratio could be worked out, because no gross annual income was given. On the $18,000 of debt counted above, 6 times would be reached at a gross income of $3,000 a year. The cap is on the lender and not on this borrower. Since February 2026 an authorised deposit-taking institution may write no more than 20 per cent of its new mortgage lending at a debt-to-income ratio of 6 or more, measured each quarter, with owner-occupier and investor lending counted separately. A borrower at 6 or above is not prohibited from borrowing and has not failed a test: that application is competing for a fifth of a lender's quarter rather than for the whole of it. Whether a particular lender has room left in the quarter it is currently in is that lender's own position, and nothing here can know it.", "apra": { "threshold": 6, "share": 0.2, "since": "February 2026", "basis": "measured each quarter, with owner-occupier and investor lending counted separately" }, "complete": false }, "complete": true, "lines": [ { "step": "income", "what": "DIRECT CREDIT 049211 ACME LOGISTICS PAYROLL", "amount": 4799.99, "rule": "Counted in full", "inputs": { "verifiedMonthly": 4799.99, "rhythm": "fortnightly", "payments": 13, "shading": 1, "variable": false, "transactions": [ "invented-1", "invented-2", "invented-3", "invented-4", "invented-5", "invented-6", "invented-7", "invented-8", "invented-9", "invented-10", "invented-11", "invented-12", "invented-13" ] } }, { "step": "expenses", "what": "Living expenses", "amount": -2700, "rule": "The highest of the available figures, which here was the lender’s benchmark for this household", "inputs": { "declared by the applicant": 1400, "the lender’s benchmark for this household": 2700, "observed on the statement": 1758.47 } }, { "step": "commitment", "what": "RENT HARCOURTS ELSTERNWICK REF 88210", "amount": -1200, "rule": "Found on the statement, 6 payments monthly", "inputs": { "monthly": 1200, "category": "housing_rent", "transactions": [ "invented-14", "invented-15", "invented-16", "invented-17", "invented-18", "invented-19" ] } }, { "step": "proposed", "what": "The proposed personal loan", "amount": -436.77, "rule": "Assessed at 15.90% — the offered rate plus a 3.0% buffer, with a 5.25% floor", "inputs": { "principal": 18000, "offeredRate": 0.129, "assessedRate": 0.159, "years": 5, "repaymentAtOfferedRate": 408.63 } } ], "gaps": [ "The statement shows about $1,758.47 a month of living expenses against $1,400 declared. The larger figure was used, and the difference is worth asking about." ], "engine": "1.0.0" }, "capacity": null, "conclusion": { "verdict": "not_unsuitable", "means": "The assessor concluded the credit contract is not unsuitable for this applicant.", "reasons": "The applicant has answered the question about the wagering payments and has agreed to close the arrangement. On that answer and on the assessment in this file I conclude the contract is not unsuitable. This is my conclusion and not the software’s.", "by": "Dana Okafor", "at": "2026-06-06T23:41:00.000Z" }, "supersedes": "4fa35da820dec1886b50e721aad863a09334bb038020a212aa1b2a28d0538dd8", "amendment": { "reason": "The applicant answered the question the referral test asked, and the conclusion follows from the answer.", "supersedes": "4fa35da820dec1886b50e721aad863a09334bb038020a212aa1b2a28d0538dd8" }, "extra": { "debtToIncome": { "ratio": 6.6, "totalDebt": 495000, "grossAnnualIncome": 75000, "source": "the figures typed into the form on this page, which is the lender’s own definition of what counts" }, "expenses": { "declared": 1400, "benchmark": 2700, "source": "the two figures typed into the form on this page: what the applicant declared, and the lender’s own household expenditure benchmark" }, "policyRun": { "policy": "example-unsecured-au", "version": "2026.03", "effective": "2026-03-01", "hash": "8400e4ccd45d6d4696e20f87c41cc6996ab7b9dc25bd429cc5c32316c4727caa", "conditionsMet": true, "statement": "All 9 conditions in 2026.03 were met on the evidence supplied. 2 tests send this application to a person to look at.", "met": [ "evidence-complete", "surplus", "surplus-ratio", "debt-service", "loan-to-income", "dti-ceiling", "history", "coverage", "income", "inferred-income", "small-credit", "dishonours" ], "notMet": [], "referrals": [ "dti-band", "gambling" ], "unresolved": [] }, "example": "Every figure in this example is invented. There is no borrower, no bank statement and no lender: the transactions below were generated from the numbers in the form so that the policy engine has a statement to read, which is what it reads.", "examplePolicy": "models/policies/example-au.txt is an example. Its thresholds are round numbers chosen to make the mechanism visible. They are not advice, not a market standard and not anybody’s policy." }, "sealedAt": "2026-06-06T23:41:00.000Z" } }, "chain": { "entries": [ { "id": "4fa35da820dec1886b50e721aad863a09334bb038020a212aa1b2a28d0538dd8", "sealed_at": "2026-05-31T04:12:00.000Z", "supersedes": null }, { "id": "41921db1b96f1a641fb22db835f5b874d2ebd4a65c2859fc685df62484ac3b76", "sealed_at": "2026-06-06T23:41:00.000Z", "supersedes": "4fa35da820dec1886b50e721aad863a09334bb038020a212aa1b2a28d0538dd8" } ], "check": { "valid": true, "problems": [], "length": 2 } }, "tampered": { "what_was_changed": "Raise the monthly surplus by $1", "before": "assessment.monthlySurplus = 463.22", "after": "assessment.monthlySurplus = 464.22", "verification": { "valid": false, "expected": "4fa35da820dec1886b50e721aad863a09334bb038020a212aa1b2a28d0538dd8", "actual": "0e7280ab499340a5a217a708ee71ed3d9b58de2a66d45fe5db390e10dc633c28", "reason": "The content does not match the hash it was sealed with, so it has changed since." }, "chain": { "valid": false, "problems": [ "Record 1 (4fa35da820de): The content does not match the hash it was sealed with, so it has changed since." ], "length": 2 }, "detected": true } }