Australia has one of the highest standards of living in the world. Excellent job prospects, a strong economy and world-class financial services make it a desirable place to live and work. Over 75% of Australian households have a relationship with credit. Credit cards, home loans, car loans, personal loans are just a few that are a part of the Australian day to day life.
Before entering into a credit agreement with you, your credit provider will do their due diligence. This process will more than likely involve a credit check. They will obtain your credit score, and your credit report, and make an assessment based upon the information they find, along with any other checks they deem necessary, to ensure they are happy with the risk they are assuming, before they agree to approve your finance. If you have a bad report or low credit score you risk being offered higher interest rates, or even worse, refused credit.
It’s critical therefore that the information on your credit report is accurate and up to date, before you apply for credit. Do you know your credit score and what is on your credit report? You’ll probably be blown away to learn that over 73% of Australians simply are not aware of what information is currently on their credit report or have no idea of their credit score. WOW.
For over a decade, the professional team at Fix Bad Credit have provided their unparalleled expertise in assisting every day Australians just like you, to ensure they are in the best position possible, as we work with you to get approved for credit.