Paid and Unpaid Defaults: Does it matter?
Clear Credit Solutions is a multi-award winning clear credit. Most consumers are unaware of what is on their credit report whether they are looking for something simple like a new phone plan or a brand-new property. Credit defaults, court judgments and clear outs can impact and stop any kind of finance application from moving ahead. These negative listings are not even discovered until a new finance application is made.
Services like ours can assist in removing these listings so clients can proceed with their finance but not everything can be removed. That is why after discovering something on a credit file the next step is to call Clear Credit Solutions. Not only do they offer the best advice and an award-winning service, but useful articles like the ones below are available throughout their extensive website.
No matter if you have never experienced a default in the past, or even if you had one and sorted it out – it can still profoundly influence your credit profile. In this clear credit article, we will be exploring defaults further and also explain what happens in case you settled yours already.
Not making payments on time can have a detrimental effect on your credit score, preventing you from hitting important milestones – such as getting a mortgage or signing up for utilities.
Unpaid debts can be notified as a ‘default’ on your credit report, and credit providers have the right to assign this listing to Equifax. In addition, they will also provide information regarding the amount owed plus any interest and fees that may have been gained since then while subtracting out other payments made later on. Payment defaults occur when these obligations remain unresolved over time.
Unfortunately, settling an overdue debt after it has been listed on your credit report won’t undo the past fact that you were in default.
When your default is paid off, it will update that status in your favour – though could still remain as a part of your record.
Avoiding a default on your credit report is much easier when you pay off the debt immediately after receiving written notification from the lender. Don’t wait too long – act quickly to protect yourself and your finances!
Defaults may occur from minor discrepancies, yet the effects on your finances can be far-reaching. To prevent this, it’s essential to make sure that all of your credit provider contact information is accurate and up-to-date as well as ensuring all aspects of your credit report are correct. Doing so will help you remain in control and manage debt responsibly!
At Clear Credit Solutions, we are experts in credit repair. We understand the importance of having a good credit score and work hard to help our clients remove negative listings from their credit files. Our clear credit team is dedicated to providing excellent customer service and takes pride in seeing our clients achieve their goals. If you are looking for assistance in repairing your credit file, please do not hesitate to contact us. We would be happy to answer any questions you may have and provide you with a free credit file assessment.
When it comes to credit repair, don’t wait any longer to get the help you need. With Clear Credit Solutions, you can rest assured knowing that you’re in good hands. We offer a full refund guarantee with no investigation or admin fees so that you have nothing to lose by giving us a call for your free credit file assessment today. Our friendly staff is ready and waiting at 1300 789 783 or fill out an application form, to help you take the first step towards fixing your bad credit- so why wait? Give us a call today!