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Tag: credit score

Credit Rating & Score

What Affects Your Credit Score?

Being held back by your bad credit score? Learn what affects your credit score and how you can use it to your advantage. Find the answers here.

how often does your credit score change
Credit Rating & Score

How Often Does Your Credit Score Change?

Your credit score can be very fragile. The slightest mistake and your score could plummet. But how often does your credit score change? Find out here.

Do Credit Cards Affect Your Credit Score?
Credit Rating & Score

Do Credit Cards Affect Your Credit Score?

Are you looking to get a credit card? You might be asking ‘do credit cards affect your credit score?’ Find out here & move forwards with knowledge.

what is a good credit score
Credit Rating & Score

What Is A Good Credit Score?

Ranging from poor to excellent, your credit score is the difference between getting a loan and being rejected. Learn what is a good credit score here!

tips to improve credit score
Credit Rating & Score

5 Tips to Improve Credit Score

Read these 5 simple tips to improve credit score. It’s faster & easier than you might think to get back on track & take control of your finances. Find out here!

how to check your credit score
Credit File & Report

How To Check Your Credit Score

Find out how to check your credit score here. It’s fast & easy and being aware of it puts you in the drivers seat when applying for finance!

Credit Rating & Score

Does Afterpay Affect Your Credit Rating?

The introduction of shop now, pay later technology has been revolutionary in how many retailers offer payment for their products and services. It has been

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

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

Can Court Judgements Be Removed From A Credit File?||||court judgements||Can Court Judgements Be Removed From A Credit File?||Do you have a bad credit||||||
Credit File & Report

Can Court Judgements Be Removed From A Credit File?

One of the most common questions we are asked is “Can Clean Credit remove my court judgement from my credit file?” The answer to this question can undoubtedly make all the difference to your business

Factors that Affect Your Credit Rating
Credit Rating & Score

Factors that Affect Your Credit Rating

How do you restructure your finances, and end up with the best credit rating you can? Or, how can you improve your credit rating, if you are having difficulty with your finances now?

Is Credit Repair Actually Worth It?
Credit Restoration

Is Credit Repair Actually Worth It?

Experiencing difficulties in getting a loan is the best indication that you should focus on a credit repair. If your credit file has a bad history, financial institutions will be reluctant to give you a loan. Even if your business and income are doing great, chances are your loan applications will be rejected in case of a bad credit history.

How to Repair Your Credit after Bankruptcy?
Credit Restoration

How to Repair Your Credit after Bankruptcy?

Is it possible to get a loan when dealing with a bad credit history? How can you repair your credit? We’ve gathered a list of suggestions that will help you overcome this problem and improve your credit file!

The Importance of Tracking Your Credit Rating
Credit Rating & Score

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.

Debt Relief and You
Credit File & Report

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.

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

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?

Amending Credit Rating for Future Finances
Credit Rating & Score

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.

Avoiding Bad Credit History Reports
Credit Rating & Score

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.

Free Credit Score – Will it be a security risk?
Credit Rating & Score

Free Credit Score – Will it be a security risk?

There are many ways to check your credit score. Most people only ever get around to having a credit check whenever they are considering taking out a mortgage to buy a home or to get a loan on a new car.

Improve your Credit Score with Debt Consolidation
Credit Rating & Score

Improve your Credit Score with Debt Consolidation

Debt consolidation is one way to manage or organize your debts which probably includes credit card debt, car loan, home loan, educational loan, personal loan and other types of loans that you have engaged in.

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

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.

Budgeting Tips for Social Outings
Credit Rating & Score

Budgeting Tips for Social Outings

Going out often can drain your wallet. If you are trying to save up for a down payment on a home, pay off mounting debt or just so you can put more cash in to your savings account, it can be a daily struggle. Being a social person can cost a lot

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

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.

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

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.

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

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.

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

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.

High Credit Card Debt Means Credit Scores Suffer!
Credit Restoration

High Credit Card Debt Means Credit Scores Suffer!

There are a number of aspects that can negatively affect your credit score, including being late on repayments, having too many enquiries in a short period of time, and carrying too much credit card debt.

Why Can Information Differ Between Credit Reporting Agencies
Credit File & Report

Why Can Information Differ Between Credit Reporting Agencies

This is a question we are often asked. I can understand that from a consumer’s perspective it must seem confusing that information can differ between credit reporting agencies. After all, aren’t credit reporting agencies meant to only record accurate information?

What should my credit score be ?
Credit Rating & Score

What should my credit score be ?

Clients often ask us about credit scores and what a credit score needs to be in order to secure finance.  This is a difficult question as every credit provider has their own thoughts and policies with regard to lending guidelines.

What Is Credit Repair?
Credit File & Report

What Is Credit Repair?

There are over 14 million credit files in Australia and these contain over 3 million negative listings (Veda Advantage 2008).

Debt Negotiation And Credit Repair.
Credit File & Report

Debt Negotiation And Credit Repair.

It is common for people to approach us regarding credit repair with accounts that are overdue, the whole reason a default is listed is due to an account being behind.  What many people don’t realize is in many cases these debts can be significantly reduced given the credit provider is approached in the correct way.

Negotiating Debt
Credit Restoration

Negotiating Debt

During the process of repairing credit files we are often become involved in negotiating debt for our clients.

Statutes Of Limitations And Credit Repair
Credit File & Report

Statutes Of Limitations And Credit Repair

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.

Credit Reporting Reform; Good News May Not Be Far Away!
Latest News

Credit Reporting Reform; Good News May Not Be Far Away!

It is widely accepted that the Australian credit reporting platform is far from perfect, in fact the CRAA (Credit Reference Association of Australia) has described credit reporting in Australia as the most restrictive in the western world. I for one would not argue with this view point.

Credit Repair
Credit File & Report

Credit Repair, Reform Is On The Way.

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.

What Types of Default Listings are There?
Credit File & Report

What Types of Default Listings are There?

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.

Does It Matter Who The Credit Was That Listed The Default ?
Credit File & Report

Does It Matter Who The Credit Was That Listed The Default ?

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 Markets
Credit File & Report

The Australian Credit Markets

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.