Features & Benefits
How We Can Help
Guidance on Credit Laws and Rights
We help you understand your rights when it comes to credit. This means you know what can and can't be done with your credit information, ensuring you're treated fairly.
Understanding Your Credit Report
If you're unsure why something is on your credit report, we can help you understand it better. We provide you with copies of your credit files from the three main credit reporting bodies in Australia. This ensures you receive the most accurate and comprehensive credit information.
Correction of Adverse Records
Bad credit can affect your credit file for up to 5-7 years. We conduct a thorough assessment of your credit file to identify any negative listings. Our approach is tailored to address these listings, and in instances where breaches are identified, results can occur in as little as 30 days.
What is Bad Credit?
Defaults
A default occurs when someone fails to make the required payments on a loan or credit agreement. This usually happens after missing several payments over at least 60 days. Once a default is recorded, it stays on a person's credit file for five years.
Even if the default is eventually paid, the record will only be updated to show that it's paid; however, this does not remove the default or improve the credit score. A default can significantly hinder future application for credit or finance, as it signals to potential lenders that the individual has struggled to meet their financial commitments in the past.
A default occurs when someone fails to make the required payments on a loan or credit agreement. This usually happens after missing several payments over at least 60 days. Once a default is recorded, it stays on a person's credit file for five years.
Even if the default is eventually paid, the record will only be updated to show that it's paid; however, this does not remove the default or improve the credit score. A default can significantly hinder future application for credit or finance, as it signals to potential lenders that the individual has struggled to meet their financial commitments in the past.
Judgements
A court judgment happens when a creditor takes legal action against an individual for not paying back a debt, and the court decides in favour of the creditor. This judgment is then listed on the individual’s credit file for five years, showing that the issue was serious enough to require legal intervention.
Having a court judgment on a credit report indicates a significant failure to manage debts, which can severely impact the person's ability to secure future loans, credit cards, and sometimes affects employment opportunities.
A court judgment happens when a creditor takes legal action against an individual for not paying back a debt, and the court decides in favour of the creditor. This judgment is then listed on the individual’s credit file for five years, showing that the issue was serious enough to require legal intervention.
Having a court judgment on a credit report indicates a significant failure to manage debts, which can severely impact the person's ability to secure future loans, credit cards, and sometimes affects employment opportunities.
Benefits of Clean Credit
Lower interest rates: With good credit, you can get lower interest rates on loans and credit cards, which means you pay less over time.
Getting Approved : Increased chances of being approved for things such as; Mortgages, Car Loan or Business Loan.
Refinancing Opportunities: With a strong credit score, you have the option to refinance existing loans to secure lower interest rates, reducing overall debt burden over time.
Ease in Co-signing Loans: A good credit score makes it easier to co-sign loans for family members, like helping a child with a student loan or first car purchase, without facing high-interest rates or stringent terms.
Easier to Get Everyday Services: Good credit makes it easier to sign up for things like electricity, phone plans, and credit cards without hassle.
Higher Credit Limits: Good credit often leads to higher credit limits on credit cards and loans, providing more financial flexibility.
Easier Approval for Rental Properties: Landlords may check credit scores; a good credit score can make the rental application process smoother and may increase your chances of securing your desired property.
Our Streamlined, Result-Driven Strategy
- Step 1 Initial Consultation
- Step 2 Comprehensive Credit File Assessment
- Step 3 Investigation Process
- Step 4 Outcome & Document Submission
Initial Consultation
During your free consultation, we will provide a detailed overview of our services, explain how they function, and discuss how we can assist you.
Comprehensive Credit File Assessment
Should you decide to proceed with our services, you'll be guided through a brief, 3-minute online application form. Your consultant will then retrieve your credit files from the three major credit reporting bodies, provide you with copies, and conduct a comprehensive assessment to identify any negative listings that may require attention.
Investigation Process
We conduct an in-depth investigation process to determine whether there may have been any breaches of legislation when the negative listings were recorded on your credit file.
Outcome & Document Submission
Upon completion of our investigation process, we assess your situation against our minimum criteria to determine if you qualify for our services. Following approval, we proceed with submitting necessary documents to relevant companies, credit reporting agencies, ombudsmen, or courts as required, aiming to achieve a favorable outcome.