Is it Right to Help my Clients Repair their Credit?
The credit reporting system has not been kind to the Australian consumer. In today’s tight financial market even one small negative credit listing, such as a payment default, has the potential to affect someone’s ability to obtain credit for up to five years. At Clean Credit we do not believe the punishment suits the crime and feel it is inappropriate for people to suffer for years at the hand of a faulty or incorrect credit listing. After all, if you were in court being convicted of a crime you did not commit, you have the option to plead “not guilty.” Defending your rights with an incorrect credit listing is no different.
Credit Repair as a Legal Defence
Some credit providers argue that the opportunity for someone to have a negative credit listing removed from their credit file makes it more difficult to access the risk of lending to them. We argue it is inappropriate to apply a risk rating due to a negative credit listing that should not have been made in the first place.
We offer our clients an alternative to “credit prison”. A credit report is no more than an allegation. Most consumers never challenge that allegation and suffer unnecessarily for years as a result. By commissioning the services of Clean Credit, you engage our team of professionals to your defence. Our clients essentially enter a plea of not guilty.
We will then take an affirmative defence and insist the listing party substantiate their allegation.
With this approach, it is often apparent that the allegation is untenable and therefore must be removed from the credit file.
Credit Repair is Your Legal Right
If the credit reporting agencies remove an accurate credit listing after a period of time (such as five years) for a payment default, why is it be wrong to do so in less time if the listing was found to be incorrect?
Credit history information often misrepresents the credit worthiness of the consumer. By labeling people inappropriately as not credit worthy, they damage everyone: creditors, the economy and most importantly – the individual.
Laws are in place to protect your rights. The removal of a genuinely contestable credit item is without doubt, ethically sound.
Clean Credit’s credit repair service has helped main people to repair their credit rating, allowing them to move on with their lives. If you are worried about your credit rating, then contact Clean Credit today for a free consultation.