Fixing your credit score, and here’s a little help!
‘Fix my credit score?’ …you type into Google.
Around a million results pop up.
It’s a confusing realm of information, and it can be a bit daunting.
Where do I start to fix my credit score?
This is a common question, and a good one to ask.
Your credit score is a number between 0 and 1200.
At Credit Fix Solutions we look after thousands of finance brokers, and help them with their credit reporting education.
Because of this, we have looked at and assessed thousands of credit reports over the past 8 years.
We understand that if you’ve never looked at your report, it could be daunting.
Well here’s where to start, and we hope this helps you!
Do you know what your credit score is?
Did you know that as long as your credit score sits at 650 and above you should be able to access most Lenders’ products.
But you can have a good score and still have negative data on your report that may affect your ability to obtain finance.
Check your credit reports with Equifax, Illion and Experian.
Get your free copies here:
www.mycreditfile.com.au – Equifax
www.illion.com.au – Illion
www.experian.com.au – Experian
If you need help reading your reports we offer free credit report health checks / assessments.
We are now a licenced credit repair firm as well.
You can email a copy of your reports to us at firstname.lastname@example.org, or submit a contact form here
Our CEO Victoria Coster and her team of consultants will spend time with you over the phone to help you understand your report, understand your score, and give you ways how you can protect or improve your credit report and score.
I hope you are all well and safe!
Credit Fix Solutions | Credit Fix Lawyers
ACL Licence No: 531433 | AFCA Member # 82962
This article is not deemed financial advice.
For finance tips please go to www.moneysmart.gov.au, or call the National Debt Helpline on 1800 007 007
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
Business Awards NEWS!
Credit Fix Solutions has been announced as a finalist in the Western Sydney Awards for Business Excellence!! (WSABE).
WOO HOOOO!! Very proud of my team!!
We’ve been nominated as FINALIST in the WSABE 2021 Excellence in Professional Services Awards Category!!
Gala dinner in November and something to look forward to after lockdown!!
I’d like to express my gratitude to The Parramatta Chamber Awards for this amazing opportunity.
Entering business awards can be daunting and hard work.
To be nominated as a finalist in this business award is a proud reflection of my team’s hard work and passion.
#awards #celebratingexcellence #latestnews
Contact the team today for your free credit report assessment at email@example.com
Or shoot through a contact form here
8 years in business and we are very proud of the services we provide!
If you’re a local Western Sydney business, find out more about the Parramatta Chamber here.
Please contact www.moneysmart.gov.au if you are currently experiencing financial difficulties.
We send all our prayers out to those affected by lockdowns!!
The Credit Fix Solutions FAMILY
DIY credit repair TOP TIPS!
Step 1: Get a copy of your credit report and make sure that the information is accurate and up-to-date.
Did you know that there are 3 credit reporting agencies in Australia?
And each one can contain different information.
You may need to check and fix 3 reports!!
Watch our useful video explainer below:
Step 2: Look for errors or inaccuracies on your report and dispute these with the company that reported it to the agency.
OR go to the credit provider directly.
Errors can drop your score and can include:
– Incorrect or fraudulent enquiries
– Incorrect repayment history information
– Incorrect defaults or court actions
– Incorrect personal details
Credit providers have 30 to 45 days to investigate any complaint, so you need to be patient!
FYI information can only be removed if it’s incorrect.
You can’t just remove a default, for example, if you now want to pay it.
The default will just be marked as paid and is listed for 5 years.
Step 3: If you are unable to find an error or inaccuracy, start working on improving your score by checking your payment history, reviewing late payments, looking at high balances and old account delinquencies, etc.
For more DIY credit repair advice, get a copy of our free eBook on credit reporting education here
We wish you all the best with your credit report education and any DIY credit repair you do yourself!!
If you get stuck, we have 8 years experience in credit repair.
And we only charge if we can get a successful result for you!
Email the scenarios team at firstname.lastname@example.org
What Factors Determine Your Credit Score?
Our credit score is a number that is used to determine the creditworthiness of an individual or company.
They are assigned by credit rating agencies, such as Experian, Equifax and Illion.
The calculations involve many factors and are difficult to understand.
What Is the Difference Between a Good, Fair, and Bad Credit Score?
The difference between a good and bad credit score is obvious.
A good credit score will allow you to get the best rates on loans, hire the right insurance, and be offered credit from the top lenders.
A bad credit score will only lead to rejection of your loan request or refinancing offer.
A fair credit score is somewhere in between those two extremes. It ranks in the middle of all three categories: it’s not as good as a strong one, but it’s not as bad as a weak one either.
Is There Anything Else I Can Do to Raise My Credit Score?
- Save up to buy that designer handbag rather than using buy now pay later lenders
- Close credit card accounts if you are not using them
- Pay your bills on time
Conclusion: What’s Yours is Mine- Keep it Safe!
We need to be more aware of the dangers of the internet and protect ourselves from phishing, hacking, and other online scams.
Though there are some people who are starting to become more cautious about where they go and what they do online, there are many who aren’t aware that their information is being stolen just by browsing the web.
We need to start educating ourselves on how to better protect ourselves from these dangers if we want to have a future in an increasingly digital world.
Email us today for a free copy of our eBook on credit scores and credit reporting at email@example.com
Or complete our contact form here
IT’S BUSINESS AS USUAL!!
We’re still offering credit repair Australia wide during lockdown!
With many of us in lockdown, we wanted to make sure you knew we are still operating as normal!
We offer credit repair Australia wide, and our work can all be completed over the phone and via email.
Thanks to TikTok, we’ve been having some fun creating short informative (and hopefully funny) videos.
I’ve popped one of our more recent TikTok videos at the end of this post BTW.
I know that we’re all a bit weary from lockdown, so I hope this gives you a laugh!
I think it’s important in life not to take yourself too seriously!
If you need any help with your credit reports, please get in touch.
And as I just mentioned before, we offer credit repair Australia wide.
We can remove unfair defaults, court actions, and any incorrect negative data.
For default and court action removals, all our fees are deferred and only payable if we are successful in removing the listing from your credit report.
In most cases, credit repair takes around 3 to 8 weeks.
We suggest speaking to a finance broker before you apply for finance as well.
In the meantime, here are 3 top tips to improve or maintain a good credit score*
*Subject to Credit Reporting Agency systems
- Don’t enquire too many times (enquiries can lower your credit score)
- Closing off credit cards could increase your score (as per Equifax)
- Different enquiries carry different risks – think about saving up to buy things rather than using payday type Lenders
I sincerely hope that you and your families and businesses are all doing OK.
We know that COVID has dragged on and on, and we’ve been taking it one day at a time for what seems like forever!
I know that getting out for a walk and a bit of fresh air, and trying to get a good night’s sleep helps me!
If you’d like to check your personal credit report, you can get a free one from Equifax, Illion and Experian:
N.B Credit providers can report to 1, 2 or all 3 credit reporting bureaus.
We have seen in a few cases, that consumers have different info across the 3 reports.
I would suggest getting all 3 reports before you apply for finance.
Again, we also suggest using a local accredited finance broker.
They know what they’re doing and have access to lots of different Lender options!
If you like, we can offer you a free assessment of your credit reports.
Just email them to me at firstname.lastname@example.org and I would be happy to help!
Feel free to call me on 0416 52 52 33 if you require more information about our services as well.
If you’d rather just do a bit of research first, I’ve written an eBook on credit reporting.
Grab a copy here: CREDIT REPORTING EBOOK
OR…Our website contact form is HERE
In the meantime, stay warm, stay safe, be kind to each other and I hope you like the video!!