Category: Credit Rating & Score

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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does buy now pay later affect credit score?
Credit Rating & Score
Jack Richings

CommBank & Klarna: Shop-now-pay-later can affect your credit score

Online shopping has taken over in the past decade as more and more people escape onto the internet for their everyday shopping needs. You can have everything delivered to you at the click of a button, from the comfort of your couch. This is even easier now that Commonwealth Bank has partnered up with Klarna. But does Shop Now Pay Later Affect your Credit Score? It makes shopping more exciting but comes with risk

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how does credit repair work
Credit Rating & Score
Jack Richings

Credit Repair – How Does it Work in Australia?

Credit repair is a term used to describe the process of improving an individual’s credit report. This can be achieved through the removal or adjustment of incorrect negative credit listings from a person’s credit file. Credit repair is a possibility in Australia, but first, it’s important to understand what could have damaged your rating in the first place.

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importance of a credit score
Credit Rating & Score
Jack Richings

Why Is My Credit Rating Important to a Lender?

How many of us really know what credit rating is? Yes, we hear a lot about it when we open our bank accounts or we read about it in an article but we still have little to no idea as to how it can affect us, how to manipulate it and why it is so important to our lender.

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

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.

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how personal loans affect your credit score
Credit Rating & Score
Jack Richings

How Personal Loans Affect Your Credit Score

You’ve crashed your car, you’re looking to start a new business, you have unexpected medical bills… There are so many reasons people take out personal loans, which can help pay for unexpected expenses when you don’t have cash on hand.

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how mobile phone affects credit score
Credit Rating & Score
Jack Richings

How Your Phone Plan Can Affect Your Credit Score

From social media to fitness apps and Internet banking, it’s hard to get by without a smartphone these days. And while they save endless amounts of time and help us stay connected, thousands of Aussie consumers are running into telco debt.

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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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Credit Rating & Score
Diane Challis

Proof of Financial Hardship: Documents Needed

Not everyone can apply for serious financial hardship. Not getting enough money to pay your bills or to meet your daily needs wouldn’t suffice. The law set specific circumstances where individuals can take refuge from this legal exception. Serious hardship is a situation in which you can no longer pay your debts and bills. It is a relief offered by creditors and the taxation office to release borrowers from certain types of financial obligations

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Credit Rating & Score
Diane Challis

Credit Repair Tips to Help You Develop Personal Money Goals

Australia has one of the most booming economies in the world, yet so many Australians have bad credit score. Their rating limits their ability to borrow money, leading to more debts and money problems. In reality, the main culprits of credit problems are weak money management and poor financial planning. The question is—what credit repair tips can help you Fix Your Credit Rating and help you achieve financial satisfaction?

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poor vs good credit rating
Credit Rating & Score
Diane Challis

Positive vs Negative Credit Score

A higher score means you will pay on time, but you’ll pay late or never, when your score dips below the average—that’s how lenders see it.  Perhaps you’ve read too many positive vs negative credit rating comparisons already and you understood why it’s so important for lenders. So, this time, we’ll give you fresh ideas on how you can turn your negative rating into a positive one based on your credit rating.

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Guide To Positive Credit Rating
Credit Rating & Score
Diane Challis

A Guide To Obtain Positive Credit Rating Permanently

It’s not easy to obtain a positive credit rating especially if you already have a bad credit. But messing up one time doesn’t mean that you can no longer correct your wrongs and build a better credit standing. Here are steps that can help you make a lasting change in your credit standing:

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The Impact of Short Term Loans No Credit Check on Our Credit Score
Credit Rating & Score
Diane Challis

The Impact of Short Term and No Credit Check Loans on Your Credit Score

While higher credit scores represent good credit decisions and responsible borrowing, bad credit works the other way around.  For some borrowers, short term loans no credit check is a key ingredient for improving their credit rating, as it helps them pay off their debts on time—while they wait for their finances to get better. But, is it?

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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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How to Increase Your Credit Score in 3 Easy Steps
Credit Rating & Score
Diane Challis

How to Increase Your Credit Score in 3 Easy Steps

Are you feeling down about your credit score in Australia? It is easy to get worried when you receive a low rating, but you can’t let a poor credit score get you down. There are always ways to improve your credit score as there are reasons to improve.

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The Importance of Tracking Your Credit Rating
Credit Rating & Score
Diane Challis

The Importance of Tracking Your Credit Rating

Ever wondered why it is important to track your credit rating? Every Australian has a three-digit score, a credit rating that is calculated by credit reporting bodies (CRBs). This reveals data about your financial history gathered from financial institutions and banks from all over the country.

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How often should you get a credit rating check
Credit Rating & Score
Diane Challis

How Often Should You Get A Credit Rating Check?

Do you know your own credit rating? Do you know that your credit rating is flexible and changes as your debt accumulates or as your debt reduces? Do you know your credit rating can affect potential loans like home loans, personal loans, or even a loan for that sweet ride you’ve been eyeballing?

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Risky Direct Debit – How to Avoid It
Credit Rating & Score
Diane Challis

Risky Direct Debit – How to Avoid It

Nowadays, more and more Australians prefer automated payments, so that direct debit is becoming very popular. Even though they are not new, the risks of this type of debit have increased during recent years.

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Amending Credit Rating for Future Finances
Credit Rating & Score
Diane Challis

Amending Credit Rating for Future Finances

In case your crediting rating is not in the best shape, there are certain methods that you can do to be able to fix it. Why is there a need to amend your credit rating? When you are young, you spend without giving it a second thought.

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Avoiding Bad Credit History Reports
Credit Rating & Score
Diane Challis

Avoiding Bad Credit History Reports

Having a bad credit history can affect your future loan applications. If you have any intentions or plans to get a loan in the future, you might have a hard time convincing banks or any other private lenders to approve your loan.

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