Do Credit Repair Companies Really Work? The Good Vs The Bad
We reveal whether credit repair companies really work & discuss the good vs the bad. Are they worth the time & money? Find out here!
We reveal whether credit repair companies really work & discuss the good vs the bad. Are they worth the time & money? Find out here!
Follow the journey of a client who needed a loan, but had a bad credit rating. The steps towards credit repair are easier than you might think. Here, we tell the story of what steps to take if you find yourself with a bad credit history.
Finding yourself in a position of bad credit can be extremely stressful. Discover how the credit repair process can help you to be approved loans again.
Credit repair is a term used to describe the process of improving an individual’s credit report. This can be achieved through the removal or adjustment of incorrect negative credit listings from a person’s credit file. Credit repair is a possibility in Australia, but first, it’s important to understand what could have damaged your rating in the first place.
We all know the importance of maintaining a good credit score, but sticking to it can be a different story. Sometimes you need some help with credit repair, which can seem daunting, but don’t forget- you’re not alone!
If you have a bad credit, you already know that you need to work with the most trustworthy credit repair company you can find.
Comprehensive Credit Reporting (CCR) is restructuring how customer credit information is reported to credit reporting bodies such as Equifax.
Like many people out there, you might be wondering: “why is it so important for almost every lender?” Also, you might be asking: “how do I get my credit file and how can I use it?”
You may have read tons of articles about “tips on how to fix my credit”, but they often involve paying down your debts. What if you are financially hard up today, but you want your credit score fixed so you can get a better loan, job or perhaps a nicer apartment than what you could get with your current credit score?
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.
A higher score means you will pay on time, but you’ll pay late or never, when your score dips below the average—that’s how lenders see it. Perhaps you’ve read too many positive vs negative credit rating comparisons already and you understood why it’s so important for lenders. So, this time, we’ll give you fresh ideas on how you can turn your negative rating into a positive one based on your credit rating.
When you are desperate, you are more vulnerable to scams of credit repair and dodgy money lenders whose sole purpose is to take advantage of you. Such a credit repair scam can cost you thousands of dollars, and if the service fooled you once, it will fool you again.
Is bad credit a common concern for you? Do you suspect that your loan application could be rejected because of that? If you’re uncertain, here are the top signs that show you are in desperate need of credit repair.
Bad credit is always like a thorn in our backside that prevents us from getting a loan – one that may decide if we live homelessly and in debt or relaxing in a beautiful home.
Looking for a debt resolution strategy to boost your credit score? Clean your credit.
Credit repair companies are starting to become more and more popular among the Australians that struggle with bad credit.
Bad credit is never a good thing to have – especially if you don’t want to pay loads of money to get your credit fixed professionally. You’re already in enough debt as it is, so there is no logic to throw even more fire into the flame.
The place where you can get your credit history fixed is called a credit repair agency. They will also be the ones to inform you about all the credit repair costs as each agency charges different fees.
Bad credit can either stall the process of getting a new loan or make it altogether impossible.
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.
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!
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.
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?
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.
Debt consolidation loans are ideal for individuals, who have several unsecured loans. Why is there a need to consolidate your loans?
I recently read an article about how the Australian Retail Credit Association (ARCA) had launched a fact sheet on how people could repair their own credit files if they felt an incorrect or contestable listing has been made against them. As the director of a credit repair company, the only thought I had while reading this information was “if only it was that simple”.
A recent study has shown that residents living in inner Sydney and inner Melbourne have some of the worst credit ratings in Australia.
People’s shopping instincts can be strong and hard for them to have control over.
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.
There’s a lot of confusion about how credit repair works, or should I say how it’s meant to work. I feel the main reason for this confusion and perhaps why the industry has a questionable reputation, is due to the behaviour of some so called credit repair companies.
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.
As you are no doubt aware, credit reporting reform is well and truly underway and credit files are slowly changing to contain more data as a part of the move to a more positive reporting platform.
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.
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.
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.
There is no doubt the credit repair industry is well overdue for reform.
Many people may wonder, “how important is my credit file?” Your credit file is among the first documents that most lender goes through before approving loans or credit. Your credit file will contain your credit score.
The end of the financial year in Australia is almost upon us. As another year winds down and comes to a close, it’s a good time to reflect on the past 12 months of your finances.
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.