Latin for “ he has declared upon oath” . A written statement signed and sworn on oath, or affirmed as being true

A Clear Out is also known as a Serious Credit Infringement and will remain on your credit rating for 7 years. See Serious Credit Infringement for further details.

A Judgment relates to court proceedings filed against you and the subsequent order made by a court that you owe a debt. The order becomes public record and the credit reporting bureaus upload the data directly from the courts onto their credit reporting databases. You may also have other public record listings on your credit files including court actions and court writs. Judgments and court actions stay listed on your report for 5 years while court writs are listed for 4 years.

A default may be listed on your credit file when you fail to meet your repayment obligations under your credit contract. A default will stay on your credit file for up to 5 years, but if you have a serious credit infringement, this may stay listed for up to 7 years.

[fusion_builder_container hundred_percent="no" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_color="" background_image="" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" parallax_speed="0.3" video_mp4="" video_webm="" video_ogv="" video_url="" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" overlay_color="" video_preview_image="" border_size="" border_color="" border_style="solid" padding_top="" padding_bottom="" padding_left="" padding_right=""][fusion_builder_row][fusion_builder_column type="1_1" layout="1_1" background_position="left top" background_color="" border_size="" border_color="" border_style="solid" border_position="all" spacing="yes" background_image="" background_repeat="no-repeat" padding_top="" padding_right="" padding_bottom="" padding_left="" margin_top="0px" margin_bottom="0px" class="" id="" animation_type="" animation_speed="0.3" animation_direction="left" hide_on_mobile="small-visibility,medium-visibility,large-visibility" center_content="no" last="no" min_height="" hover_type="none" link=""][fusion_text columns="" column_min_width="" column_spacing="" rule_style="default" rule_size="" rule_color="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id=""] Here’s Three Simple Steps To Get Started With MyCRA Lawyers To A Clean Credit Rating: Step 1. Firstly we need a copy of your Equifax (Formerly Veda Advantage) and Illion (Formerly Dun and Bradstreet) credit reports (We can get them for you with either a simple form, or while you're on the phone with us) , so we can see exactly how many Bad Credit listings you may have, who listed them, and identify those you might be able to handle yourself if you wanted to. You can either get your credit reports yourself through the Credit Reporting Bodies or call 1300 667 218 and we can arrange a copy for you . Step 2. Tell us everything you can remember about the listing and the events that led up to the Bad Credit listing. (It's okay if you can't remember much - the more you tell us the faster the process can be.) Look around and send through any and all documents you might still have, including emails, statements, and letters from this creditor. Step 3. We'll send you a few forms so we can take over the whole process ( and all the stress ) to make it very easy for you. From there, the negotiations and investigations begin and we work on your behalf to remove the black marks from your credit files as quickly as possible . [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

FAQs Archive - Page 3 of 3 - MyCRA Specialist Credit Repair Lawyers

Q: What Is The Difference Between A Default And An Overdue Account On Your Credit Rating?

About the only real difference is the name. On an Equifax (Formerly Veda Advantage) credit file ordered directly by a consumer, you might see the heading “Overdue Account(s)” but the same listing from a business subscriber, you might see it called a “Default”. Otherwise, you could say it is an overdue account for at least 60 days before it can be listed as a default.

Q: How Long Will It Take To Fix My Credit Rating?

We aim to remove your default or bad credit listing in 30 days or less - and with that said, while some files may take longer, our fastest ever removal was completed in only 18 minutes. We work to remove every default in the shortest possible time. Every file and situation is as unique as you are and we'll do everything we can to help you as quickly as possible.

Q: What Exactly Can MyCRA Lawyers Do For Me?

If you have bad credit, history says Mycra Lawyers can fix it for you in up-to 9 out of 10 cases MyCRA Lawyers cleans your credit files or credit rating to remove any unjust or unlawful black marks or blemishes. There are approximately 3 million people just like you with mistakes on their Australian credit reports. We help our clients by removing the contestable bad credit listings from their credit ratings. We do this by conducting a high level investigation and audit of your creditors files to identify legislative and or compliance breaches that may deem your bad credit listing unlawful.

Q: Will Paying The Default Amount Remove The Black Mark From My Credit Rating?

No , paying the debt will not remove the bad credit listing from your credit file. Your listing will ONLY be updated to “Paid” to show that you paid the overdue amount. If you have a Serious Credit Infringement (7 years) , this listing will be downgraded to a default when paid. This then reduces the time listed to just 5 years from the original date the listing was reported. Your Bad Credit Default Listing can ONLY be removed when MyCRA Lawyers audits your creditor and proves they did NOT afford you your consumer rights - making the default listing UNLAWFUL ... (Historically, MyCRA Lawyers have removed up-to 91.7% [more than 9 in 10] defaults we've worked on)