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Tag: credit file

what is a credit file?
Credit File & Report

What Is A Credit File?

A Credit rating has such a huge impact on our lives, but so little is known about it. Learn what is a credit file, what info is stored and how it affects you.

Make Sure There’s No Credit Default on Your Report
Credit File & Report

Avoid defaults on your credit report

Having a payment default on your credit report can greatly affect your next loan application. Every credit card holder should be aware of the negative effects of having credit default.

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

Student Spending Tips
Tips

Student Guide: Money Saving Tips To Improve My Credit File

There are three major reasons why a person’s credit score goes down. Having too much debt, not paying bills on time and leaving errors on the credit file undisputed. The bottom line is, you’re overcharging your credit accounts and underpaying them. If money is the issue—then, it’s time to do some saving up.

What Your Credit History Says About You
Credit File & Report

What Your Credit History Says About You

The past is not past when it comes to credit history. Of course, you are not defined by your past but creditors look into it to see if you are credit worthy. So even if you make a resolve to change or you pay off your debt today, that’s not the end of that.

DIY Credit Repair Tips
Credit Restoration

DIY Credit Repair Tips

Bad credit can either stall the process of getting a new loan or make it altogether impossible.

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.

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.

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.

Repayment history indicators on your credit file
Credit File & Report

Repayment history indicators on your credit file

Your credit history is a major factor when it comes to taking out a mortgage on a house, getting a loan for a car, applying for a credit card and even when applying for some jobs

There have been a lot of changes to credit reporting over the last 18 months. While many of these changes have been welcomed
Credit File & Report

Can Repayment Information Affect My Credit File?

There have been a lot of changes to credit reporting over the last 18 months. While many of these changes have been welcomed, one has remained a point of controversy and is the subject of much talk and misunderstanding. That is the recording of loan repayment histories on credit files.

Opt for a clear credit history – Get rid of credit card debt
Credit Rating & Score

Opt for a clear credit history – Get rid of credit card debt

Having a good credit history is very important. Long before you consider buying a home or making another big purchase you need to consider your credit history and how that can affect your ability to get a loan at a good interest rate.

Comment: Positive Credit Reporting For My Credit File
Credit File & Report

Comment: Positive Credit Reporting For My Credit File

In 2015 Australia will begin a new system of credit reporting that will benefit those who have good credit behavior. Before it was only bad credit behavior that was reported and it would outweigh any good behavior that was not being reported on my credit file.

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.

No Defaults No Problems
Credit File & Report

No Defaults No Problems, Think Again

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?

Credit Scoring - A Mortgage Brokers Point Of View
Credit Rating & Score

Credit Scoring – A Mortgage Brokers Point Of View

For a mortgage broker, there’s nothing more frustrating than spending time preparing and submitting an application, only for the lender to decline it due to a credit problem. What can often add insult to injury is learning the problem in question is something quite small – such as a paid default to a phone carrier – that could have even taken place years before.

||The Inconvenient Truth About Credit Scoring||
Credit Rating & Score

The inconvenient truth about credit scoring

To a mortgage professional there’s nothing more frustrating than spending time preparing and submitting an application on behalf of a client, only to find it’s declined due to a credit problem.What can often add insult to injury is learning that the credit problem in question is something as small as a paid default to a phone carrier, often an event that took place years prior.  This situation can be very difficult for a client to grasp; after all, such a listing may not at all represent their current financial position or ability to service a loan.

What Is A Credit Rating?
Credit Rating & Score

What Is A Credit Rating?

A credit rating is number that is often referred to as a credit score.  When reviewing a credit report many credit providers use this number as a way of determining whether they will approve an application.

Credit Card Fraud in Australia
Latest News

Credit Card Fraud in Australia

Credit card fraud in Australia is continuously proliferating. It has grown more rapidly in the last 10 years. According to the Australian Crime Commission (ACC), skimming or counterfeiting of credit cards by unscrupulous parties cost Australians over $45 million annually. Thus, credit card scam is one of the most pressing issues that heighten alert among authorities and that worry most consumers across the country.

Identity Theft in Australia
Latest News

Identity Theft in Australia

One in every six Australians has been a victim or knows someone who has been a victim of identity theft. This is the findings of an online research released by Di Marzio Research in July 2011, which polled 1,200 respondents. The survey would be among the information that would be used for the development of a proposed National Identity Security Strategy.

||Is it Ethical To Remove A Negative Credit Listing?||
Credit Repair

Is it Ethical to Remove a Negative Credit Listing?

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. 

Good News For Business Owners
Latest News

Good News For Business Owners

Business owners can be practically venerable to problems with their credit files. Many industries such tradesmen rely on being able to get credit for materials quickly, without out this ability jobs cannot be secured and things come to a grinding halt.