Help & Frequently Asked Questions
Credit repair in Australia can be something that all Australian's need at some point in their lives. This FAQ guide for Australian consumers can help you identify if credit repair is right for you.
Whether you have recently discovered something on your credit file that needs attention or you’re just curious about credit repair in Australia and what can be done, this FAQ guide may be useful to you. Alternatively if you wish to speak to someone, simply fill in our enquiry form or give the team a call on 1300 789 783.
How can I improve my credit rating?
In order to improve your credit rating, you may need to remove negative listings such as enquiries, defaults or court judgments from your credit report. These listings can only be removed if you are able to identify an error in the listing or extenuating circumstances. Which our case managers here at Clear Credit Solutions specialize in.
If I pay the default or negative listing, will it be removed?
Unfortunately, paying the listing will not remove it from your credit report file and does not mean that you will be able to get approved in the future. A credit default or court judgment stays on your file for 5-7 years whether it is paid or unpaid. If you do not pay a credit default, in some circumstances, it can be onsold to a debt collector who can relist the credit default for a further 5 years.
What's the difference between a debt and a default?
A debt is the monetary amount that is owed to a company such as for a credit card, personal loan, phone plan or home loan. A default is the marking on your credit report which warns future lenders that an account you had was not paid and includes information about the account, such as the debt amount.
Why is it important that I repair my credit rating?
It is important to repair your credit rating as this is most likely the reason stopping you from getting a loan or finance application approved. It will also save you thousands of dollars every year by allowing you to get loans at lower interest rates. So make the change today and give us a call at Clear Credit Solutions!
How does my credit report affect me?
Your credit report is checked when you apply for credit. This can be something like a personal loan, home loan or even a new utility account or phone plan. If you have a negative listing, default or even a court action on your credit report, you are highly likely to be declined in most circumstances.
What is a default?
A default is also known as an overdue account and is a type of negative listing or credit marking which warns any future lenders that an account you had was not paid. Defaults can include things such as credit cards, telecommunication accounts, personal loans and utility accounts. We specialise at removing defaults and court judgments here at Clear Credit Solutions.
Can credit repair be trusted?
The credit repair industry has a bad name due to companies charging massive fees per listing, administration fees and having no refund guarantee. It is understandable that you may be skeptical about restoring your credit and while not every listing can be removed, Clear Credit Solutions has helped remove thousands of defaults and negative listings. Our difference is no admin fees, no charge per listing, one set fee and a full refund guarantee. If you are accepted and we fail to help clear all listings after our investigation, you receive a 100% refund of our entire fee.
What is on my credit report?
Your credit report includes information such as your name, address, employment history, date of birth, a list of creditors who have viewed the report, any late payments, defaults or judgments, clear-outs, crossed or linked files, name changes and bankruptcies etc.
Can I fix my credit file myself?
Yes, just like going to court in front of a magistrate you can represent yourself. However, unless you have a full understanding of the exact legislation and law, just like a court hearing you have one shot at this to get it right. You will need to be able to identify contestable reasons, lodge complaints and forms and liaise with relevant creditors why your credit history has been damaged. If you are in hardship you can seek help from financial counsellors and other community centres whom will charge you no fee.
Why can’t you guarantee my default will be removed?
It is unethical for anyone to guarantee that a listing will definitely be removed, as we don’t make that decision, each case is different and relies on a number of factors therefore no honest organization should give you a guarantee that the default or negative listing will be removed. The difference is that with our service, we have a full refund guarantee. That means if we accept you, you are charged our fee and we fail to help remove the listings we initially investigated, you get a full refund.
Don't wait until you are denied credit. Get started now!
We have a skilled team of consultants awaiting to discuss any and all questions you may have about credit repair.
Please call 1300 789 783 so we can help you clear your credit history! Alternatively fill out the enquiry form and we will give you a call.
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