Have you checked your credit report, or credit score, and discovered it could do with improving? Your credit report contains information on your history with managing credit. Your credit score, calculated from the information in your credit report, is a number that indicates your trustworthy reputation for being able to repay your bills on time. It is calculated based on the information in your credit report. The higher your score, the more reliable you’ll appear to lenders.
Anyone who has ever applied for credit has a credit score. The credit reporting agencies in Australia have a credit score range of either 0 – 1000; or 0 – 1200. The higher your credit score the better your credit history. A low credit score could mean you have a significant negative event on your report such as a court judgement or bankruptcy. You could also have a number of payment defaults along with several credit enquiries.
A near-perfect credit score suggests you have a long history of paying your bills on time, have not gone for multiple credit applications over short periods of time and probably have a mortgage and/or investment property, so have a positive record of being disciplined with credit. Most credit scores are between 300 and 850. The higher the score, the better your credit rating. A good score is more than 500, so if your score is high, you should be able to get better offers from banks, telcos, insurance companies and utility companies.
A bad score can lead to companies being reluctant to lend to you, or charging you a higher interest rate.
If you don’t want to actively attempt to improve your credit score, the time that negative information stays on your credit report varies depending on the type of listing. But this could mean waiting up to 5 years, and in some cases, seven years before the negative information falls off your credit report. In the meantime, you may struggle to get loans or a credit card, or if you do you may have to pay higher interest rates. So, what’s your score?
|Equifax||Experian||Credit Simple (Illion)|
Source: Equifax, Experian and Credit Simple
Fix Bad Credit offers a CONFIDENTIAL FREE NO OBLIGATION REVIEW and ASSESSMENT of your credit. If we identify potential inaccuracies or errors in your credit report, our next step to develop options specific to your unique situation for improving your credit reputation, addressing any debt you may have and getting you back in control of your financial situation. If you agree to take us up on our offer to improve your credit, at this stage we enter into a formal agreement with you for credit repair. Our expert team then leaps into action, initiating investigations into those questionable listings in your report you want to be addressed, negotiating with your credit providers to fix or remove them from your report.
We’re not going to lie, improving your credit is not easy and it can also depend on how bad it is to start with. Some the things we will do on your behalf include:
While we work on your behalf to improve your credit history, we also provide you with information, tips & tools to continue to build your credit reputation, helping you:
At Fix Bad Credit, we cut through the confusing language, complicated finance jargon and pushy financial advice you’re probably used to. Instead, we use everyday simple language, ensuring you understand exactly what can be done to improve your credit, stop worrying about those never-ending bills and get rid of those pesky creditors and debt collectors.
So, if you’re ready to take back control of your finances contact Fix Bad Credit today for a free, no-obligation confidential review of your credit.
Get your free credit assessment and consultation with our experienced team. You’ll receive tailored recommendations at no cost and with no obligation.