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Tag: credit rating

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

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.

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.

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.

How to Enhance Your Credit Score and Why Is It So Important
Credit Rating & Score

How to Enhance Your Credit Score and Why Is It So Important

Have you ever wondered how to enhance your credit score? Or why you should do it? Many people think that dealing with such issues is a lost battle that won’t ever end, but in fact, there are changes that could make your life easier.

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?

Your Partner’s Credit Rating Can Affect You
Credit Rating & Score

Your Partners Credit Rating Can Effect You

Picture this: Just like most Aussies out there, a Sydneysider was looking forward to the idea of getting married, and purchasing her dream home with her fiancé.

Debt Solutions to Fight the System
Credit Restoration

Debt Solutions to Fight the System

When you’re riddled with debt, it can seem like you are never going to get out of this position. It’s a vicious circle, and no matter what you do to escape it, something is keeping you down.

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.

Credit Cards Can Benefit Credit Rating
Credit File & Report

Credit Cards Can Benefit Credit Rating

Credit cards provide convenience particularly if you have an important purchase that you need to make right away and cash on hand is not available.

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.

High Credit Card Debt due to High Rates
Credit File & Report

High Credit Card Debt due to High Rates

If you have a credit card then you probably know that the interest rates are incredibly high. You might have gotten a credit card or two for those “just-in-case” purchases but if you have ever missed a payment then you know why credit card companies are so rich.

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.

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.

Fancy Mortgage Deals – Research before Agreement
Credit File & Report

Fancy Mortgage Deals – Research before Agreement

Today mortgage providers are now offering some incredible tempting deals. Many Australians are now being lured by these unbelievable offers prompting many experts to warn them not to be dazzled by such upfront mortgage deals

Gen Y Worried About Their Financial Future
Credit Rating & Score

Gen Y Worried About Their Financial Future

Younger generations are not generally known for being financially responsible but Generation Y or Gen Y might be a generation that is the exception to the rule.

Know all facts on credit cards before signing up
Latest News

Know all facts on credit cards before signing up

If you have ever used credit cards then you will undoubtedly know that the interest rates they charge on purchases are high, very high in fact. But they have actually been lowered recently. The most recent average rate on low-rate cards has gone from 13.2% to 12.95%.

Can Credit Repair Companies Really Fix Your Credit?
Credit Restoration

Can Credit Repair Companies Really Fix Your Credit?

In Australia, one in 10 individuals currently struggle with less than perfect credit. Whether it is due to missed payments in the past or taking on too many debt obligations in a short period of time, bad credit can be a challenge to overcome and can make the process of repairing a marked credit file a daunting task.

Get Your Budget Under Control to Stop Credit Defaults
Credit Rating & Score

Get Your Budget Under Control to Stop Credit Defaults

Getting carried away over the Christmas period is common with many people spending more than they had expected to. Christmas debts combined with the usual household expenses can make managing finances tough and left unchecked can even lead to a damaged 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.

Don’t turn Christmas cheer into Christmas heartache!
Credit Restoration

Don’t turn Christmas cheer into Christmas heartache!

Christmas can be an expensive time of the year and it’s all too easy to spend more than you planned to. Many people start the New Year with bills they are unable to pay and this reality quickly replaces the joy of Christmas with a feeling of worry and regret.

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.