What is Credit Repair?

what is credit repair ?

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. Another benefit of a clean credit file is the ability to obtain a loan with a lower interest rate

What is my credit score?

A credit score is a three-digit number that represents the information contained within your credit report. It is used by credit providers to asses whether you are a risky borrower. The higher the score, the more likely you are considered to be able to repay any credit borrowed. In order to understand your credit score, you must be aware of the factors that impact your credit score.

Benefits of a good credit score

  • Improve your credit score: The removal of a negative listing from your credit report may increase your credit score
  • Secure credit: Lenders will assess your credit score to see whether or not you are a risky borrower. If your credit score is high, you will be more likely to secure a loan or finance in the future.
  • Adopt positive long term financial habits: With a Clean Credit, you can look forward to a fresh start. This ties in with smart financial habits. 

Long term Credit Repair support

Our goal at Clean Credit is to make sure that all our clients vastly improve their credit file; whilst developing positive financial behaviors. For most of our clients, this is achieved through the removal of an offending negative credit listing. If you improve your credit score, you must develop positive long term financial habits, as you do not want any more defaults on your credit file. Fortunately, we believe that the journey to financial success is not one that you need to do on your own. That’s why we’re determined to help you stay on track.

Our learn page provides you with access to a range of helpful tips and tricks that will help you better understand how to adopt positive financial behaviors. Learn all about credit repair, how to save money and how to start a budget online.

Clean Credit is up to date with all the relevant legislation.

The Australian Credit Reporting system has changed over time. As credit repair specialists, we are completely up-to-date with the new Comprehensive Credit Reporting system. With this expertise, our friendly team know the best methods to repair your credit rating and improve your credit score. We have helped many Australians repair their credit ratings, allowing them to once again secure financial credit and regain control of their lives.

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