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Tag: credit score

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.