Are you wondering about credit repair in the Gold Coast? If so, you’re not alone. According to research conducted by Finder.com.au, a total of 73 per cent of Australian respondents either did not know their credit score (65 per cent) or were unaware of what a credit score was (8 per cent).
Yet, your credit score matters, A high credit score will make it easier to qualify for mortgages, personal loans, and car loans, start a business, and, in some cases, secure a job. A bad score can lead to banks being reluctant to lend to you or charging you higher interest rates.
If you are considering applying for any of these, it is a good idea to know your credit score before you apply, as it will help you avoid receiving a rude surprise if you are declined. If you discover that your credit score could do with improving, all is not lost. Wherever you are in the Gold Coast, you can work with the Fix Bad Credit team to improve your credit score today.
What is a credit score?
Credit scores are calculated using information in your credit report at that point in time, including your payment history, the length of your credit history, your credit limits and hard enquiries on your credit report.
The better your history of managing credit the higher your credit score. Generally, you’ll have a better (higher) score if you pay your bills on time and keep your debt balances low. Higher credit scores generally result in more favourable credit terms, such as the interest you will need to pay. Whether it’s a new car, starting a business or buying a home, the reality is that most of us will need to take on debt at some point. But a low credit score might mean that banks refuse to lend you any money or charge you more interest or fat fees.
At Fix Bad Credit, our mission is your financial freedom. One of our experts in debt Repair in Gold Coast will carefully assess your personal and financial situation so we can tailor a personalised debt solution package to best meet your goals. Your personalised debt solution package will contain options to help you take back control of your debt and start you on your journey to financial freedom.
If you are desperate to get debt help in Queensland, 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 Gold Coast.
Busting the Credit Score Myths in the Gold Coast
Myth 1: Nobody cares about credit scores anyway
This couldn’t be further from the truth. More and more banks, lenders and other credit providers are using your credit score to help them decide whether or not to lend to you, how much they should lend you, and at what interest rate. Your credit score might even stop you from getting approved for a mobile phone or electricity plan.
Myth 2: I can’t change my credit score
You sure can! There are many things that can be done to improve your credit score. Check out our range of credit repair Gold Coast solutions.
Myth 3: I don’t need to worry about my credit score until I get a loan or a credit card
Having a great credit score before you get a loan or credit card may give you the best chance at obtaining the lowest interest rate. We recommend checking your credit score before that big purchase just in case you need help improving it.
Myth 4: If I don’t have debt, I don’t need to check my credit score
This is a dangerous myth! Even if you don’t have any debt you should still check your credit score regularly! An unexpected change in your credit score may be an indicator that something dodgy is going on, the credit reporting agency may have recorded something incorrectly or your identity may have been stolen and someone has taken a loan out in your name.
Myth 5: You and your spouse share a credit score
It’s common to combine bank accounts and open credit cards together when you get married, but just because you’re joining finances does not mean you’re joining credit scores. Be aware though that if your partner misses or is late in repaying a jointly owned debt this might affect your credit score too.
Credit scores can seem complicated, but they don’t have to be. Understanding what your credit score means, and what actions you can take to improve your credit score, is a great first step to your financial freedom.
The Fix Bad Credit Way
Don’t let bad credit stand in your way of living your best life in the Gold Coast. We offer a range of credit repair Gold Coast solutions that will be tailored to your specific circumstances.
Our Credit Repair Experts in the Gold Coast 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 Gold Coast 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 Gold Coast 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.
Get Your Free Credit and Debt Assessment Now
How Fix Bad Credit helped Nick start a new chapter
Luckily Nick contacted the expert Fix Bad Credit team, and in no time, we were able to use our knowledge of the latest credit legislation to repair his credit. Nick was soon approved for finance and started his new chapter in his new Ute.
Finding Proactive and Reliable Credit Repair Solutions in Gold Coast is easier than you think
For over a decade, the professional team at Fix Bad Credit have provided their unparalleled expertise in assisting everyday people living in the Gold Coast, just like you, to ensure they are in the best position possible, as we work with you to get you 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.