Credit Restoration
Credit repair can change lives
While the credit repair industry is under siege from the media I wanted to share a story that shows what effective credit repair can do for people.
While the credit repair industry is under siege from the media I wanted to share a story that shows what effective credit repair can do for people.
One of the primary aims of credit repair is to drive up a credit score.
People we talk with often think that if a default is removed from their credit file they won’t need to pay an amount owed. I
With credit repair many of the credit listings we remove from our clients credit files are court actions such as Court Writs or Court
We often talk with people that have learned they have a default only after being declined for finance, until this time they were completely unaware they had a credit problem.
We are often asked if paying an account or unpaid default will lead to the listing being removed from a credit file. From a purely
During the process of repairing credit files we are often become involved in negotiating debt for our clients.
While many people know that a payment default is listed in a credit report for a five year period, few know that a credit provider can record these events sometimes years after the account fell into arrears.
Removing a default can be all about talking to the right people.
Unfortunately like many industries credit repair has its fair share of questionable operators and as is often the way, the entire industry is often judged on the practices of a small group. The dishonest conduct exercised by some has caught the attention of the Australian Securities & Investment Commission ASIC and it would appear that regulation may not be far away.
At Clean Credit we see two common types of default listings appearing on our clients’ credit files. These are a ‘payment default’ and a ‘clearout’ or ‘serious credit infringement’. Here is some valuable information about what these listings mean.
Even though a negative credit listing should be removed from a credit report if it is found to be faulty or inaccurate regardless of whom the credit provider was the reality is the process of arranging the removal of a credit listing can be as much to do with who the credit provider is as facts surrounding how the listing was entered.
The Australian credit market is among the most interesting in the world as it remains among the most robust and active. While credit markets elsewhere in the globe dips into troubled territories, credit market in here have remained robust.
We are regularly contacted by mortgage brokers and other industry professionals regarding their client’s credit files. One thing we hear regularly is my client has no defaults or judgments but they have been refused finance, what’s going on?
For the consumer it is important note that not all credit repair companies are credited equal. Unfortunately, like most industries credit repair has its
The question “should I help my client restore their credit rating?” is a highly contested one. From a credit providers perspective these are understandable concerns as the removal of a negative credit listing could be viewed as an attempt to mask the applicant’s true financial position and not allow them to apply an appropriate risk rating.
