Declined for finance?
You're in the right place.
Negative credit information may be holding you back from being approved for finance. Our credit report experts may be able to help
Negative credit data is confusing
If you've been declined for finance it is very frustrating. Applying again can also cause further problems. Let us help you discover what is causing you to be declined and how we may be able to help.
What is negative credit data?
Negative credit data is information that has been reported by credit companies to one or more credit reporting bureaus. You may have missed a payment, applied for a loan, been default listed or have a court judgment. This information lasts from 5 to 7 years on your credit report and may be the reason why you've been declined
Default Listings
Credit providers can report a default listing when your debt is more than 60 days overdue, greater than $150, and the correct notices have been sent to your last known address.
Court Judgments
If a debt you owe is overdue, the creditor can submit an application to a court for a court judgment or court order requiring you to pay the debt by a certain date.
Incorrect details
Credit reporting bodies use other information about you to assess your level of risk including employment history and address. It's important you keep all information up-to-date.
Credit Enquiries
When you apply for finance the credit provider will access your credit report to determine whether they should approve the loan or not. The information is recorded as an enquiry.
Repayment History
Some credit providers can report your repayment history. If you do not pay the minimum amount within 14 days after the due date, this will show as a missed payment.
Commercial data
If you are a company director or self employed you may be personally liable for some debts. As a guarantor for the debt it may show on your consumer credit report.
Declined for finance?
You're in the right place
Why is good credit important
When you apply for finance you need typically need two things: Ability to repay and good credit which tells the credit provider you have a good reputation for paying on time.
Avoid embarrassment
Achieve financial goals
Lower interest rates
Better negotiating power
Approved for finance
Increased borrowing limit
You don't need to wait up to 7 years
We may be able to help you skip the waiting period by working with you to remove incorrect information from your credit report. We navigate the complex rules and regulations surrounding consumer credit.
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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Speak with us
Talk to one of our credit report specialists for a free and confidential assessment. Let us see how we can help.
We get to work
We'll pull your latest credit report and work with you to understand what needs to be removed. You authorise us to contact credit providers on your behalf and we get to work.
Completed
We will let you know when your matters are complete and will provide you with an updated copy of your credit report.