Your credit report (also known as credit file), and the related credit score (or rating), is a record of your history with managing credit and paying your bills on time. Banks and other potential credit providers use this information to determine how creditworthy you are, or the likelihood that you will pay back any money that they lend you.
What is a Credit Score?
Credit scores are based on the information in your credit report at a point in time and can change throughout your life. There are a number of different credit scores and scoring models. If you find out your credit score through a credit reporting agency like Equifax, you will receive a number between 0 to 1,200, while Experian and Illion provide a number between 0 to 1,000. Because of the different ways the credit reporting agencies access your information and then calculate your credit scores there can be there can be discrepancies between your Equifax, Experian and Illion credit score, so it pays to check all three for any concerns.
Can I repair my own credit?
Got bad credit? Bad credit can easily cost you tens of thousands and even hundreds of thousands of dollars in your lifetime in extra interest repayments and fat fees. The good news is you can Fix Bad Credit.
We’re not going to lie, trying to fix your own bad credit is not easy and it can also depend on what shape it is in to start with. The first step to rebuilding your credit score is to order a copy of your credit report. You can get a free copy of your credit report from a credit reporting agency, once a year, alternatively Fix Bad Credit can order them on your behalf.
Once you have your credit report and carefully checked it, here are a further 5 things that can be done to improve your credit score but remember that only information listed in error can be removed or changed on your credit report.
If you are desperate to get debt help in Australia, we are just a call away. If you are faced with challenges paying money you owe, our team of experts can assist you with a detailed evaluation of your options. Dependent on your specific circumstances there are both informal and formal debt solution options available to you. The Fix Bad Credit team is experienced in providing all types of debt help in Australia.
Our Credit Repair Experts will…
Benefits Of Working With Fix Bad Credit
No more missed payments – unlike before when you had several bills to pay with different due dates, the Fix Bad Credit team in Melbourne can put together a payment plan for you where all you have is one payment each month, making it far easier to manage and much harder to forget.
Fix Bad Credit – The team at Fix Bad Credit in Melbourne will negotiate a repayment plan with your creditors that makes it easier for you to make your repayments on time and in full, demonstrating good repayment habits and avoiding defaults through late payments, improving your credit score.
No more annoying calls from creditors – lenders enlist the help of debt collectors to help collect payments from people who haven’t been paying up or who have a history of paying late. When you sign up with Fix Bad Credit, expect any calls from creditors to stop.
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The Fix Bad Credit Way
Whether you’re looking to improve your credit score or review your current financial situation, the Fix Bad Credit team can help you with a plan that will be tailored to your personal circumstances, wherever you’re located in Australia. We will work with you to understand your individual circumstances so that we can provide the best plan for you. It is our mission to get you back to living your best life and we will stay on the journey with you.
For over a decade, the professional team at Fix Bad Credit have provided their unparalleled expertise in assisting everyday Australians, just like you, to ensure they are in the best position possible, as we work with you to get approved for credit.
How It Works
Becoming Financially Free Is Easier Than You Think
Step 1: Identify
Asking for help is the hardest part. Which is why you get a personal debt and credit solution expert to confidentially review your unique situation and work with you every step of the way
Step 2: Plan
We then work with you, providing options for improving your credit, reducing debt and managing any repayments
Step 3: Repair
We can then assist with your chosen options each step of the way, implementing your unique credit and debt solution strategy
Step 4: Monitor
We offer an on-going service to continue to monitor your credit situation, regularly reviewing any changes to your credit score and identifying potential problems before they affect your financial well-being.