Ways we can help customers
Here are a selection of different examples of how credit repair can help individuals in a range of circumstances.
Read more

        
            OK
            96.777
        

Can't get a loan or credit card?

We provide solutions

NO-effect-on-your-credit-fileNO effect on your credit file
no impact on your credit score

Do you identify with any of these situations?

Credit Repair Examples

These scenarios are illustrative examples, not actual customers. Images are models.

What is the ideal credit score?

Clients often ask us what their credit should be in order qualify for finance. In order to answer this question it’s important to understand the basics of credit scoring.

A credit score is displayed on a Veda Advantage Credit Report and represents the risk profile of an applicant to a potential credit provider. Other than a bankruptcy or formal debt agreement, the lowest credit score is -200 with the highest being 1200. The lower the score, the higher the risk is considered to be by a credit provider.

credit score gauge

Typically a credit provider will look at three things on a credit report when assessing an applicant’s risk profile:

While credit scoring has been in existence for some time in other parts of the world, such as the United States and Europe, it’s a relatively new concept in Australia. The idea behind a credit score is quite simple; it is designed to provide a credit provider with a tool to quickly assess risk.

Many credit providers set an automated credit system, meaning that once a credit score drops below a certain level the credit provider will consider the risk too high and most likely decline the application. Unfortunately it is the negative listing itself that credit providers react to, so regardless of who listed the default, the amount, or even if it has been paid, the answer remains the same – “declined”.

what is a credit rating illustration

While a score of 600 or more does not guarantee credit will be approved, it’s clear that a credit score under 600 will most definitely represent a real problem for people trying to gain finance approval.

Effective credit repair has the potential to change people’s financial future, as when a negative listing is removed from a credit file, the credit score instantly improves as if the listing never existed.

With this in mind let’s take a look at some real life case studies of how Clean Credit has helped people regain their credit score and reaffirm their financial independence.

Read more about defaults and judgments

what happens if you default on your credit
Credit Rating & Score

What Happens If You Default On Your Credit Card?

A credit card can be of so much significance in your life and can also be part of what brings you misery in life. The choice is yours. If you happen to make use of your credit cards wisely, then you will be happy to use them.

Read More
what is a default and can it impact your credit score
Credit File & Report

What Is A Default And Can It Impact Your Credit Score?

What is a default and can it improve my credit score? How do you get a default? Will I be able to apply for a loan? A default can drag your credit score down and drag your hopes of securing credit. We’ll break it all down so that you do not have to fear your credit file.

Read More
blank
Credit Rating & Score

Failing to Repay Debts

Debts can be stressful. No one wants to be stuck in a position where repayments become a problem.

Read More