Credit Default Removal Services
Our credit default removal service targets unfair, incorrect or misleading credit default information which is impacting your credit history, let our experienced team assist you
You're here because you may have a credit default listing on your credit report and you're trying to figure out how to remove it.
It's most likely causing you problems obtaining finance or other types of credit and you don't know what to do.
credit default listing can only occur when an amount of $150 or more is overdue, it has been outstanding for a period of time and all notices have been sent to you giving warning that your credit history is about to be seriously impacted.
We take the hassle out of credit repair so you don't have to navigate some of the complex rules and regulations surrounding consumer credit.
Credit Default FAQs
What is a Credit Default?
A credit default occurs when you fail to repay a loan or meet contractual obligations on time, where the obligation has a value of $150 or more and the credit provider has issued the correct notices to your last known address. This information is then stored on your credit report.
How does a Credit Default Affect My Credit Score?
A credit default can significantly impact your credit score. It serves as a red flag to lenders, signaling potential risk. This may result in higher interest rates or, in some cases, difficulty obtaining credit.
Can I Repair My Credit After a Default?
Yes, you can! While a default can remain on your credit report for up to 7 years, taking proactive steps like timely payments, negotiating settlements, and seeking professional advice can gradually improve your creditworthiness. Further seeking help from
How Long Does a Credit Default Stay on My Credit Report in Australia?
Typically, a credit default stays on your credit report for five years, whilst a more serious credit infringment will be on your credit report for seven years. A credit defaults impact on your credit score may diminish over time.
Will paying a defaulted account Improve My Credit?
Paying a defaulted account can positively impact your credit by showing lenders that you’ve taken steps to resolve the issue, however the credit default will remain on your credit report for the entire period and will be marked as paid.
Before paying any credit default, speak to our team for free advice. Often times a credit default may be stat barred meaning you may not need to make any payment.
How Can I Avoid Receiving a Credit Default?
To prevent credit defaults, prioritize timely payments, communicate with creditors if facing financial challenges, and create a budget to manage your finances effectively. Seeking financial guidance can also be beneficial. If you’re struggling to make payments and have not yet been default listed you can reach out to our team for free advice on immediate steps you can take to avoid a credit default listing.
Can I Get a Loan After a Credit Default?
Yes, it’s possible to obtain a loan after a credit default. However, you may face higher interest rates and stricter terms.
As an experienced credit repair company, we may be able to assist in removing default listing(s) from your credit report which would then give you access to more lenders, better interest rates and better terms.
Reach out to our team for more information.
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Why is good credit important
We take the hassle out of credit repair so you don't have to navigate some of the complex rules and regulations surrounding consumer credit.
Lower interest rates
Achieve financial goals
Better negotiating power
Avoid embarrassment
More lenders to choose from
Increased borrowing power
Don't wait up to 7 years
When information is lodged correctly it can stay on your credit report for up to 7 years. Each piece of information affects your credit score. Let us help you understand your credit report and the information it contains. We may be able to remove information based on a number of factors which may improve your credit score.
Defaults
5-7 years
Insolvency
7 years
Judgments
5 years
Enquiry listings
5 years
Repayment History
2 years
Hardships
1 year
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We take the hassle out of credit repair so you don't have to navigate some of the complex rules and regulations surrounding consumer credit.
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