Credit Repair Archives

2 out of 3 home loans are written by finance brokers!!

As per The Adviser magazine today, finance brokers are writing 2 out of 3 home loans in Australia.

Congratulations finance brokers!!

We always recommend that you use a finance broker for your home loan needs, for good reason!

This is because finance brokers assesses your entire situation before submitting a loan.

Please make sure you look at using a finance broker before you start applying for a home loan.

They do amazing work, and this is proven by the number of people using brokers.

Well done to all the finance brokers out there doing such amazing hard work for families and businesses across Australia.

Need help with understanding your credit report, because you’re looking to buy a home?

Our team here in Sydney under the guidance of our CEO Victoria Coster offer free credit report consultations.

We are a licenced debt management firm under ASIC, ACL Licence No: 531433 | AFCA Member # 82962

This post is not financial advice.

If you require financial advise or you are in hardship please contact the National Debt Helpline on 1800 007 007

You can also get free finance tips from www.moneysmart.gov.au

We wish you all the best on your wealth creation journey!

#creditrepair #financebrokers #homeloans

What does missing a bill do to my credit report?

The Complete Guide to How Missing a Bill Can Affect Your Credit Report

Missing a bill can cause your credit score to drop. So, what does missing a bill do to my credit report?

The higher your credit score, the better off you are when it comes to borrowing money.

If you miss payments, it will affect both your credit report and your credit score.

Introduction: What is a Credit Score, Why We Should Maintain It, and What Can Happen When it Gets Low?

A credit score is a number that shows how good of a borrower you are.

It is one of the most important factors in getting approved for a loan or opening new credit accounts.

When you maintain your credit score, people often think that you are intelligent and trustworthy.

On the other hand, when your credit score gets low, it can lead to many consequences like not being approved for loans or having bad interest rates on loans.

The truth is that there are many reasons why your credit might be low like not paying bills on time, too much debt, too few lines of credit, etc.

It does take some work to maintain it but it can be done by following these simple steps: 1) Paying all monthly bills on time; 2) Keeping an updated address with your credit providers

How Missing Bills & Late Payments Affects Your Credit Report

Missing bills and late payments can be detrimental to your credit score.

Your credit score is calculated using a variety of factors, including the length of your credit history, the types of accounts you have, new debt balances and recent payment habits.

If you are finding it hard to make payments on time due to unpaid medical expenses or financial hardship, contact your creditors as soon as possible.

Some creditors may agree to lower interest rates or let you pay over time; others might provide some other type of relief if you are experiencing financial difficulty.

What are the Best Ways to Improve Your Credit Score?

Improving your credit score is the key to repairing your credit.

There are many ways to improve your credit score. Some of these include:

– Paying off outstanding debts – Removing old negative information from your credit report – Building up a good mix of different kinds of loans like mortgages, car loans, or student loans

Although not all methods are fool proof, there are some that work better than others.

Fill in our contact form on the home page here if you’d like more information.

*This article is not financial advice. Please go to www.moneysmart.gov.au for finance tips or call the National Debt Helpline on 1800 007 007 for financial advice.

Credit Repair Companies and what you need to know

We love when we get a 5 star review on Google!!

Credit Fix Solutions is one of the longest running credit repair companies in Australia.

We’ve been helping people fix their credit report for 8 years!!

Our CEO, Victoria Coster, personally handles all the negotiations for our clients.

She has successfully negotiated 1000s of cases for families across Australia.

Need help understanding your credit report?

We offer free educational assessments for people (and companies) across Australia.

There’s no pressure to come on board with us, and we can help you with options you can try yourself.

Contact our team at sales@creditfixsolutions.com.au and a friendly consultant will get in touch with you.

Or you can submit an easy contact form on our homepage here and you will get our eBook on credit repair.

Also, a consultant will be in touch.

Credit repair companies should be there to help educate you first and also offer you free option.

Or offer paid credit repair options ONLY if they are a benefit to you.

Simple things you can correct yourself, like your personal data, or incorrect information, we will guide you on.

It may be that you have more complex negative data and therefore you would like credit repair companies to help you instead.

Make sure you don’t pay unless they get a successful result for you.

Also make sure that they are on the approved debt management firm list, under ASIC.

You can check that out here: ASIC website Page

We are an approved debt management firm under ASIC as of September 2021.

You can also get in touch with our CEO, Victoria Coster, if you feel more comfortable speaking to her directly.

Her email is victoria@creditfixsolutions.com.au.

We offer friendly and personalised services.

Most credit repair work is completed in 3 to 8 weeks.

Sometimes there may be delays with Lenders or the credit reporting agency with removing data.

If that’s the case we will let you know.

If you are currently suffering from financial hardship or you are a vulnerable person, we will not be able to help you.

You need to be able to afford our services for us to accept your application.

If you want free financial advice you can call the National Debt Helpline on 1800 007 007.

We wish you all the best with your wealth creation journey and look forward to hearing from you if you would like to learn more.

Please use an accredited finance broker before you start applying for finance.

Just a few enquiries can drop your score and impede your finance applications, whether you take the finance out or not, or don’t get approved.

www.creditfixsolutions.com.au
Honest and Fair Credit Repair Australia Wide

ACL Licence No: 531433 | AFCA Member # 82962

#creditrepair #education

What’s your credit score?

Your credit score is a number given to you, by credit reporting agencies.

Your credit score is determined by the data on your credit report.

With Equifax, one of the credit reporting agencies, your score ranges from 0 to 1200.

We deal with thousands of finance brokers across Australia.

They send us their clients credit reports for free assessments.

From speaking with many finance brokers over the years, as we’ve been doing this from 2014.

The brokers tell us that consumers scores need to be around 650 or higher to get access to the best interest rates for home loans.

Are you looking to purchase a home soon?

Have you checked your credit score?

Get your free copy of your credit report from Equifax at www.mycreditfile.com.au

Then you can email it to us for your free assessment: sales@creditfixsolutions.com.au

Or, are you just looking for some more information on your credit score?

Complete our contact form on the home page (click here) and we will email you our eBook on credit reporting for your education.

We wish you all the best on your wealth creation journey.

*This article is not financial advice, and is for information purposes only. For free finance tips go to www.moneysmart.gov.au.

For free financial advice or if you are experiencing hardship, please call The National Debt Helpline on 1800 007 007

There are 3 credit reporting agencies in Australia, Equifax being the oldest and most used.

Then there is also Illion and Experian. You can have different credit scores due to reporting differences with credit providers.

TIP: Check all 3 reports before applying for finance, and use a finance broker for home loan enquiries.

Credit Repair Company in Sydney

Credit Fix Solutions is an officially licenced credit repair company in Sydney.

Chelsea Planning & Consulting Pty Ltd T/As Credit Fix Solutions ACL Licence No: 531433 | AFCA Member # 82962.

We offer default and court action removal assistance.

It does take around 4 to 8 weeks to remove an unfair default, or court action.

We are a licenced debt management firm under ASIC.

A credit repair company should help you look at negative data that you dispute on your credit report.

Your credit report is where Lenders check up on you before approving you for a loan.

As a credit repair company, we also offer free assessments and guidance on credit reports and scores.

Sometimes the negative data might be coming off soon, or may be irrelevant if you are not looking for finance for another 6 to 12 months, for example.

For example, you may have some missed repayments on your report from early 2020.

However, if you aren’t going for a loan until say mid 2022, there is no need to pay for a credit repair company to fix this.

This is because the missed repayments would have dropped off your report by early 2022.

Repayment history only goes back 2 years.

Type and frequency of enquiries can also affect your credit report and score.

However, it’s not always necessary to pay a credit repair company to fix this.

For example, you have a few low grade enquiries from 2020. but you’re not going for finance until late 2022.

By that time, the 2020 enquiries will be old and not necessarily looked at by future credit providers.

In all cases, you should use an accredited local finance broker to look at your options, before you apply for finance.

A credit repair company can offer good credit repair fixes for more complicated matters.

We have offered credit repair services in Sydney, and across all States in Australia for 8 years.

Firstly we assess your credit report and make sure that any work we do for you will be a benefit to you.

We also make sure we have a valid reason to take your case on, for example, legal grounds to dispute negative data.

We charge default and court action removal fees, but only once we have a successful result.

Looking for a great credit repair company in Sydney?

In the meantime, if you don’t have your credit report, get your free copies from the credit reporting agencies:

Equifax: www.mycreditfile.com.au

Illion www.illion.com.au

Experian www.experian.com.au

The team wishes you all the best with your future finances.

We look forward to hearing from you should you require a free assessment, or some education on your credit report and score.

This article is educational only and is not financial advice.

Please call the National Debt Helpline on 1800 007 007 for free financial advice.

Fix your credit score today…here’s how to start

Fixing your credit score, and here’s a little help!

‘Fix my credit score?’ …you type into Google.

Around a million results pop up.

It’s a confusing realm of information, and it can be a bit daunting.

Where do I start to fix my credit score?

This is a common question, and a good one to ask.

Your credit score is a number between 0 and 1200.

At Credit Fix Solutions we look after thousands of finance brokers, and help them with their credit reporting education.

Because of this, we have looked at and assessed thousands of credit reports over the past 8 years.

We understand that if you’ve never looked at your report, it could be daunting.

Well here’s where to start, and we hope this helps you!

Do you know what your credit score is?

Did you know that as long as your credit score sits at 650 and above you should be able to access most Lenders’ products.

But you can have a good score and still have negative data on your report that may affect your ability to obtain finance.

Check your credit reports with Equifax, Illion and Experian.

Get your free copies here:

www.mycreditfile.com.au – Equifax
www.illion.com.au – Illion
www.experian.com.au – Experian

If you need help reading your reports we offer free credit report health checks / assessments.

We are now a licenced credit repair firm as well.

You can email a copy of your reports to us at sales@creditfixsolutions.com.au, or submit a contact form here

Our CEO Victoria Coster and her team of consultants will spend time with you over the phone to help you understand your report, understand your score, and give you ways how you can protect or improve your credit report and score.

I hope you are all well and safe!

Victoria Coster
CEO
Credit Fix Solutions | Credit Fix Lawyers
ACL Licence No: 531433 | AFCA Member # 82962
#creditrepair #creditrepairaustralia

This article is not deemed financial advice.

For finance tips please go to www.moneysmart.gov.au, or call the National Debt Helpline on 1800 007 007

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