Category: Credit File & Report

the credit repair steps follow the journey
Credit File & Report
Jack Richings

The Credit Repair Steps – Follow The Journey

Follow the journey of a client who needed a loan, but had a bad credit rating. The steps towards credit repair are easier than you might think. Here, we tell the story of what steps to take if you find yourself with a bad credit history.

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Make Sure There’s No Credit Default on Your Report
Credit File & Report
Diane Challis

Avoid Defaults on Your Credit Report

Having a payment default on your credit report can greatly affect your next loan application. Every credit card holder should be aware of the negative effects of having credit default.

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Credit File & Report
Jack Richings

How To Avoid Getting A Default

It’s easy to lose control of your finances, but don’t let it affect your credit score. Late/missing repayments can leave you in a sticky situation when it comes to borrowing money. Find out how to avoid getting a default on your credit file.

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how to rebuild bad credit
Credit File & Report
Jack Richings

How do you rebuild bad credit?

With Christmas on the horizon, there is much “talk” of the tendency of many people to go into debt for the holiday. Obviously, overspending is a serious concern, especially as it can lead to bad credit. But what if you already have bad credit? How do you rebuild a bad credit score? Is there such a thing?

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what is a default and can it impact your credit score
Credit File & Report
Jack Richings

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.

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"Happy Couple Holding House Key After Getting Home Loan."||"Young Happy Lady Securing Finance"||"Enthusiastic Male Looking To Improve Credit Score"||"Confident Older Lady. Looking To Improve Credit Score"||||||
Credit File & Report
Jack Richings

How To Improve Your Credit Score

If you’ve got a bit of a guilty conscience when it comes to your credit history, you’re not alone. Around  2.7 million Australians avoid checking their credit report for fear of having a bad credit score.

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"How to Avoid a Bad Credit Rating"
Credit File & Report
Jack Richings

5 Ways to Avoid a Bad Credit Listing

If you want to avoid a bad credit listing, make sure that you are paying your utility bills, credit card balance, mortgage, personal loans and other types of debts on time. It is a bit challenging to do so-especially if you have limited income, so we put together practical and simple tips to avoid negative entries in your credit file.

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"How to improve my credit rating"||"How To Improve Credit Rating And Score"||||"Cost Effective Tips To Fix Credit Rating"||||||
Credit File & Report
Diane Challis

Cost-Effective Tips on How To Fix My Credit

You may have read tons of articles about “tips on how to fix my credit”, but they often involve paying down your debts. What if you are financially hard up today, but you want your credit score fixed so you can get a better loan, job or perhaps a nicer apartment than what you could get with your current credit score?

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"Creditors Interested In My Credit File"
Credit File & Report
Diane Challis

Why are Creditors Interested in My Credit File?

Your credit file contains information that serve as basis of your credit score.  Creditors look into this three-digit number that mathematically interprets the information in your credit file. You can access a copy of your credit report from credit reporting companies like Equifax. Your credit report will allow you to review any credit related activity such as credit enquiries and credit card balances.

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Financial Hardship
Credit File & Report
Jack Richings

Financial Hardship: Eligibility and Conditions

Are you trying to negotiate a repayment arrangement using financial hardship? If so, here are some important things to consider. Financial hardship means you are having difficulty in repaying your loans and debts when they become due because of two main reasons:

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Is Debt Management Invaluable When It Comes To Credit Repair?
Credit File & Report
Diane Challis

Is Debt Management Invaluable When It Comes To Credit Repair?

When you find yourself in a difficult financial situation where you need to obtain quick loans to meet your needs, a poor credit score may get in the way. Many people in need of serious credit repair often resort to debt consolidation loans or debt management programs to increase their credit score.

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Credit Card Scam
Credit File & Report
Diane Challis

How To Spot A Credit Repair Scam

When you are desperate, you are more vulnerable to scams of credit repair and dodgy money lenders whose sole purpose is to take advantage of you. Such a credit repair scam can cost you thousands of dollars, and if the service fooled you once, it will fool you again.

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Find Out Your Credit Rating: Why’s and How’s
Credit File & Report
Diane Challis

Find Out Your Credit Rating: Why’s and How’s

There are many reasons why debtors want to find out their credit rating for free. Whether they want to use it for credit application or for employment, one thing is certain- credit rating and the contents of a credit report are vital tools in financial planning.

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The Benefits of Having a Clean Credit Report
Credit File & Report
Diane Challis

The Benefits of Having a Clean Credit Report

In spite of what some would say, you should quickly try cleaning up your credit report as fast as it has been stained. The greatest downside of having a low credit score (subsequently a bad credit report) is that it can make it impossible for you to get a loan, regardless of the type.

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What Your Credit History Says About You
Credit File & Report
Diane Challis

What Your Credit History Says About You

The past is not past when it comes to credit history. Of course, you are not defined by your past but creditors look into it to see if you are credit worthy. So even if you make a resolve to change or you pay off your debt today, that’s not the end of that.

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Holiday Money Saving Tips
Credit File & Report
Diane Challis

Holiday Money Saving Tips

Don’t let the potential cost of a holiday get away dash your dreams of actually going on holiday. Holiday getaways do not have to break the bank, drain your wallet, or tap into your savings and holiday planning shouldn’t stress you or your loved ones out.

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Debt Relief and You
Credit File & Report
Diane Challis

Debt Relief and You

If you are feeling overwhelmed with your monthly bills, multiple loans, and you are even ignoring calls from companies you owe money to, it might be time to consider looking at debt relief.

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High Credit Card Debt due to High Rates
Credit File & Report
Diane Challis

High Credit Card Debt due to High Rates

If you have a credit card then you probably know that the interest rates are incredibly high. You might have gotten a credit card or two for those “just-in-case” purchases but if you have ever missed a payment then you know why credit card companies are so rich.

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How to Clear my Debt as Soon as Possible
Credit File & Report
Diane Challis

How to Clear my Debt as Soon as Possible

I often say this to myself, “I want to clear my debt” but I noticed that I find myself borrowing again just to be able to pay my existing loans. I’ve been thinking about how I can clear my debt as soon as possible.

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Regular Credit Report Checks – Prevent Identity Theft
Credit File & Report
Diane Challis

Regular Credit Report Checks – Prevent Identity Theft

Identity theft is a big problem for Australia. It is estimated that one in five Australians have had their information stolen at least once. Criminals have various ways of stealing your personal information. They can implement low and high tech ways of collecting your data.

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Transition to Retirement – What it Means and Involves
Credit File & Report
Diane Challis

Transition to Retirement – What it Means and Involves

Retirement and pension age for Australians began a little over a hundred years ago and has been evolving every since. It used to be that retirement age was far past the average life span of a worker and that when a person did reach the age where they could transition to retirement, they were expected not to work at all and just rest for the remainder of their lives.

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There have been a lot of changes to credit reporting over the last 18 months. While many of these changes have been welcomed
Credit File & Report
Diane Challis

Can Repayment Information Affect My Credit File?

There have been a lot of changes to credit reporting over the last 18 months. While many of these changes have been welcomed, one has remained a point of controversy and is the subject of much talk and misunderstanding. That is the recording of loan repayment histories on credit files.

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Comment: Positive Credit Reporting For My Credit File
Credit File & Report
Diane Challis

Comment: Positive Credit Reporting For My Credit File

In 2015 Australia will begin a new system of credit reporting that will benefit those who have good credit behavior. Before it was only bad credit behavior that was reported and it would outweigh any good behavior that was not being reported on my credit file.

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How Does Comprehensive Credit Reporting Affect Me?
Credit File & Report
Diane Challis

How Does Comprehensive Credit Reporting Affect Me?

Historically, Australia has operated under a negative credit reporting system for the purpose of assessing financial and credit worthiness. This meant that an individual’s credit report only included information such as past credit enquiries, delinquencies and other major and minor financial infringements.

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Regular Checks On Your Credit Report Can Help You Save Money
Credit File & Report
Diane Challis

Regularly Check Your Credit Report To Save Money

Despite how important an individual’s credit report may be, the majority of Australians have never checked their report. Not knowing what your credit report holds can lead to paying higher interest rates on credit cards and loan accounts, and can impede your chances of getting an affordable home loan.

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Can I Still Fix My Credit File?
Credit File & Report
Diane Challis

Can I Still Fix My Credit File?

There have been a number of changes to credit reporting legislation recently.  Many of these changes are in my opinion positive and were well overdue.  For the most part they have been welcomed by credit providers and the general public but having said this, change is never easy and reform with credit reporting has generated its fair share of uncertainly and controversy.

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