How Clean Credit can repair your credit score

Clean Credit is an industry leader in credit repair. We specialise in removing and improving negative credit listings such as payment defaults or judgements.

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What is credit repair? 

Credit repair is a term used to describe the process of improving an individual’s credit report. This process is achieved through the removal or adjustment of incorrect negative credit listings from a person’s credit file. Cleaning up these listings may improve a person’s credit score, which is a score that is checked by credit lenders when someone applies for a loan. With a better credit score, a person has a greater chance of securing a loan as they are deemed as more responsible borrowers. 

What is a credit score?

A credit score is a number that represents the information contained within your credit report. It is used by credit providers to asses your creditworthiness. The higher the score, the more likely you are considered to be able to repay any credit borrowed. 
 
credit repair icon

How does credit repair actually work? 

You may be wondering, “How does credit repair work?” While there are many ways to deliver effective credit repair, success is often achieved by identifying inconsistencies in the process undertaken by credit providers prior to entering a negative credit listing on a credit report.

There is significant consumer protection in place via legislation that requires a credit provider to follow a strict process prior to entering a negative credit listing such as a payment default. A part of this requirement is to provide adequate written notice to the customer prior to entering a negative credit listing.

Why should I fix my credit rating?

unhappy credit rating
Low credit rating

Low credit rating

Difficult to acquire loan or finance

Difficult to acquire loan or finance

Credit prison

Credit prison

happy credit repair face
Credit repair

Credit repair

Increase your credit score

Increase your credit score

Ability to get loans with better interest rates

Ability to get loans with better interest rates

The credit repair process

Our goal at Clean Credit is to make sure that all our clients vastly improve their credit score. To do so, we comprehensively assess your credit file. This involves investigating your credit situation to assess whether or not you have a case against the creditors. We’ll quickly let you know how we can help you. 

When you call Clean Credit for a free credit repair consultation, our friendly experts will ask you questions about the default listing and your circumstances at the time. Clean Credit will then determine the best way to help you. We can also obtain your credit history to pick up on things you may have missed.

Step 1: Enquire

When you call Clean Credit for a free credit repair consultation, our friendly experts will ask you questions about the default listing and your circumstances at the time. Clean Credit will then determine the best way to help you. We can also obtain your credit history to pick up on things you may have missed.
Clean Credit requests information from the credit providers, including copies of the notices and the file notes, to investigate whether or not the negative listing has been placed correctly. We use this information to investigate and identify grounds to remove the bad credit listing completely.

Step 2: Investigate

Clean Credit requests information from the credit providers, including copies of the notices and the file notes, to investigate whether or not the negative listing has been placed correctly. We use this information to investigate and identify grounds to remove the bad credit listing completely.
Clean Credit prepares a dispute, highlighting any errors in the process the credit provider followed when listing your default. We also communicate your circumstances at the time and escalate the matter to have the default listing reviewed.

Step 3: Dispute

Clean Credit prepares a dispute, highlighting any errors in the process the credit provider followed when listing your default. We also communicate your circumstances at the time and escalate the matter to have the default listing reviewed.
Clean Credit deals directly with credit reporting agencies such as Equifax and Illion in order to facilitate the removal or correction of your bad credit rating so you can move on with your life. 95% of our clients will see results within four to six weeks of engaging our services.

Step 4: Remove

Clean Credit deals directly with credit reporting agencies such as Equifax and Illion in order to facilitate the removal or correction of your bad credit rating so you can move on with your life. 95% of our clients will see results within four to six weeks of engaging our services.

Credit repair: placing a negative listing on your credit file

There are certain procedures a credit provider must undertake for a negative listing to be made on the customer’s credit report. 

A final bill must be sent to the customer at least 44 days prior to listing
A final bill must be sent to the customer at least 44 days prior to listing
A default notice must be sent to the customer’s last known address no less than 14 days prior to the default listing.
A default notice must be sent to the customer’s last known address no less than 14 days prior to the default listing.
An account must be at least 60 days in arrears before a negative credit listing can be made by a credit provider.
An account must be at least 60 days in arrears before a negative credit listing can be made by a credit provider.

In many cases, credit providers have failed to follow important processes before listing a negative credit item incorrectly. It is not uncommon for a demand letter to state the correct notice period, being 30 days, however, the credit provider will often list the negative item before this notice period has lapsed.

The default notice must also include certain information such as the amount owed, how this amount can be paid, the time given to pay and must communicate an intention to list a payment default in the event of non-payment. This is just a small part of what is required to list a valid default.

Clean Credit Pty Ltd investigates the processes used by creditors and identifies areas where they have not complied with the legislation, deeming the default listing to be invalid.

Credit repair: recording a negative listing on your credit file

The negative credit listing itself must be recorded correctly. Items such as the amount owed, the date entered, the status and nature of the listings must be accurate. It’s very common for credit providers to enter this data incorrectly to the detriment of the consumer.

Another example is accounts that were in dispute at the time of listing. Should a consumer contact a credit provider and dispute a bill, the credit provider should not enter a negative credit listing unless the dispute has been resolved prior. It is common for credit providers to list a payment default when the account is being disputed.

Should a consumer contact a credit provider and inform them they are having difficulty making payments, the credit provider may be obliged to offer financial relief by way of freezing the account for a period of time, altering the payments or adjusting the term. If a credit provider does not offer financial relief they may be in breach of legislation and industry practices. Therefore a payment default or other negative listing should not be entered on a credit file.

In some cases, extreme hardship can also be used as an effective negotiation platform to remove a negative credit listing. These cases are treated on a case by case basis, however, situations such as serious illness or family tragedy can be considered when disputing negative credit listings from the credit file. Call us now if this applies to you. We are here to help.

Take your first steps towards restoring your credit rating and improving your credit score

Take your first steps towards restoring your credit rating and improving your credit score

We work closely with credit reporting bodies

Our staff are ready to help you get back on track

These examples only scratch the surface of the question “How does credit repair work?”. Clean Credit specialises in understanding the most effective methods to administer effective credit repair on behalf of its clients. We have helped many people repair their credit and increase their credit scores, allowing them to become financially independent once again.

We have put together the most dedicated and skilled staff in credit repair. At Clean Credit, we stand by your legal rights and believe people should not suffer as a result of the negligence and disregard of others.

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