Spring is here! It’s time for a spring clean!
With Spring on the horizon in Australia, it could be time to spring clean your credit report.
And as many of us are still in lockdown, what better way to spend an evening!
This article can help you with steps to spring clean your credit report.
How to get started
Grab a copy of your credit report from Equifax , Illion and/or Experian.
Have a read through of your report.
Does your credit report confuse you?
Learn about your reports with our free eBook (click here to download a copy ).
Is there any data on your report that seems odd or incorrect?
Lodge a dispute to the credit provider directly
Allow them 30 to 45 days to investigate your complaint
Hopefully that helps you to spring clean your credit report and as a result fix your credit!
Some more top tips
24 months repayment history information is now being reported on your credit report.
If you’ve been late with payments, these could be listed on your report.
Loans like mortgages, credit cards and personal loans are now recorded.
Missed repayments can affect your credit score and report.
They can also affect your ability to access the best interest rates.
Too many enquiries can also bring down the credit score.
And, in turn they could affect you getting a loan.
Speak to a local accredited finance broker before you apply for finance.
They can help with mortgages, personal loans and vehicle/business finance.
And lastly, a shameless plug for us!
If you’re still stuck with your credit report, contact us here
We offer free consultations on credit reports.
Happy spring cleaning!!
This article is not financial advice. Please go to www.moneysmart.gov.au for finance tips.
Contact the National Debt Helpline for help on 1800 007 007
Morning and happy FriYAY!
It’s day something or other in lockdown for us in Sydney.
I hope you’re all well and safe!
On the plus side we had some fantastic successes this week.
My podcast with The Adviser went live this week.
The editor Annie Kane and I discuss comprehensive credit reporting:
It’s a 30 minutes podcast and will help with your understanding of credit reporting.
Things like repayment history information and what is your credit score.
Here’s a link to the web page about the episode: https://www.theadviser.com.au/
Also, I wanted to share a great success story from this week.
We had a new broker come to us on 30th August with a client of his.
He couldn’t get her the first home owners grant scheme loan.
She had one default listed on her credit report.
31st August I received the credit report from his client and she came on board.
Today, 3rd September, I got a default removal confirmation for the client!!!
MIC DROP MOMENT!!
Broker is over the moon as he needed the default removed due to the nature of the loan his client required.
Anyway, thought I’d share some good news to bring us into the weekend!
Oh…..and I had a chair dance at my desk to MC Hammer just now hehe!
Happy weekend everyone!
Contact us through our website here if you’d like a free health check of your credit report.
Take care and be kind to yourselves and each other.
Happy FriYAY!!
Victoria Coster
CEO | Credit Repair Specialist
Credit Fix Solutions | Credit Fix Lawyers
AFCA Member # 82962
E: victoria@creditfixsolutions.com.au
*This article is not deemed financial advice. Please go to www.moneysmart.com.au for free finance tips
Or call The National Debt Helpline on 1800 007 007 if you are experiencing financial hardship.
What is our free eBook on credit reporting all about?
We hope you are all well and safe during these hard times.
We have a free eBook on credit reporting so that if you are struggling, you can at least find ways to protect your credit report and score until we get back to some sort of normal again!
Did you know there are now 3 different credit reporting agencies in Australia for your personal credit report and score?
Do you need help understanding your credit report or credit score?
We have the solution for you and it’s totally FREE!
Our CEO, Victoria Coster, has 20 years experience in the finance and credit repair sectors.
She has written an eBook on everything you need to know about your credit report!
Topics we cover in our eBook on credit reporting:
Understand your credit score
What is contained in your credit report
What is repayment history information
Where can you get a free copy of your credit report
Case studies of bad credit reports
What you can and can’t fix on your report
How to fix your credit report yourself
Download your free eBook here
Please note that if you are currently experiencing financial hardship you can go to www.moneysmart.gov.au for tips.
Or you can call the National Debt Helpline on 1800 007 007
Feel free to submit a contact form on our website here
We wish you all the best with your financial future.
#creditreportadvice #fixmycredit #creditrepair
We help people understand their credit reports and with credit repair Australia wide.
This is another top tip article brought to you by our CEO Victoria Coster.
Have you heard of buy now pay later loans? This is where you go to a shop, or shop online and the retailer offers you a few months to pay off the purchase.
You usually get to pay the purchase off over 3 months with no interest.
Buy now pay later Lenders have replaced ‘lay-by’ across much of Australia.
Should I use a buy now pay later facility?
We think the following pros and cons may assist you with the answer.
A BNPL loan is better than taking out a credit card for $1000 and paying interest
As long as the purchase doesn’t put an enquiry on your report it’s ok.
If the BNPL lender puts an enquiry on your report this can drop your score
Just 1 BNPL enquiry on your report can drop your score down around 50 to 100 points
Do you really need to purchase the item you are looking at?
Could you save up and then buy the item in 2 or 3 months time?
Lenders look at your bank statements and your spending habits
Lenders could question BNPL purchases to assess your credit worthiness
We’ve had a few clients recently needing credit repair Australia wide.
Not because they have defaults or really adverse information on their credit reports.
But JUST to remove 1 or 2 BNPL enquiries because their score was too low for the Lender they wanted!!
Check your credit report today!
Grab your free credit report from Equifax or Illion.
We offer FREE assessments of credit reports.
If you need help, we provide credit repair Australia wide!
Contact us through our website here for your free assessment and copy of our eBook on credit reporting.
Good luck with your future finances.
We look forward to hearing from you if you need any help with your credit report.
PLEASE NOTE if you cannot afford our fees, or are currently experiencing financial hardship, please go to www.moneysmart.gov.au for free tips and tools. Charities such as The Salvation Army and Anglicare also offer assistance or you can call the National Debt Helpline on 1800 007 007. This article is for information purposes only and is not considered financial advice.
