It’s usually a quick solution
Statistics show that credit files can be repaired in 6-8 weeks on average. In some cases, the process is quicker than that, and in other cases it is longer, but on average customers are ready to apply for credit in a relatively short period of time after using credit repair.
It is based on the law
Reputable credit repair companies ask credit providers (banks, building societies, other financial institutions, energy and Telco companies, etc.) to verify they followed the credit reporting law when they placed the bad listing. In up to 80% of cases credit providers do not follow the law and these bad listings must be erased from the credit file.
Your credit score will jump immediately
Your credit score will jump after credit repair. And the higher your credit score is the better chance you have of being approved for credit, and getting low interest rates. Have a credit repair specialist assess your credit file to see if you can apply for finance now. If any problems are discovered on your file it is better to fix them before applying for credit.
Bad credit listings can be completely erased from credit files
Credit repair companies specialise in erasing negative credit listings (defaults, court actions, and enquiries) from your credit file. Because these listings are proved to be incorrect they must be deleted, as if they were never there in the first place. Credit repair has helped thousands of Australians with credit file issues by putting them back in control of their finances.
Repairing your Credit can be highly successful if you use a reputable company
Credit repair performed by a few experienced and committed credit repair companies works most of the time. Reputable companies charge realistic fees, give realistic time-frames for the work, have high success rates (over 80%), and make no promises they cannot keep. They employ skilled negotiators to do the work for you, people who will fight for your right to a correct credit file.
Many Australians need to repair their Credit
1 in 10 Australians have an adverse listing (or “black mark”) on their credit file that prevents them getting the loan they deserve for a car, house or their business. Black marks can stay on credit files for up to 7 years even if the outstanding debt was paid. This is especially bad news because not only could your finance be rejected but black marks can also trigger higher application fees and higher interest rates on a loan.