MyCRA Specialist Credit Repair Lawyers

Tag: bad credit

  • Home buyers warned dreams could be shattered by missing bill payments

    AUSTRALIANS applying for home loans are finding simple overdue accounts are coming back to haunt them, with some even being refused finance, according to a national credit rating repairer.

    My CRA’s Director, GRAHAM DOESSEL says a credit rating check can reveal defaults many are not aware of such as small overdue phone bills, electricity bills and rates which may or may not have been settled.

    “It would surprise you how many people there are out there with needless defaults on their credit rating due to unpaid accounts of more than 60 days. It may also surprise you to know these ‘defaults’ can be enough for an automatic decline with some lenders. At the moment, some lenders are even rejecting loans for excess credit enquiries such as two enquiries in 30 days or six within the year” Mr DOESSEL says.

    Research from September 2010 conducted by DUN & BRADSTREET revealed one third of debt referred for collection in the June quarter was amounts under $200.

    “These findings demonstrate that significant portions of Australians are either unaware of the consequences of not paying their bills on time or they are facing quite significant stress and cannot afford to pay these accounts” Dun & Bradstreet’s CEO, CHRISTINE CHRISTIAN says.

    The report also states that the average value of referred debts stands at the highest level in four and a half years.

    Mr DOESSEL says it is extremely important for potential buyers to know there is more to preparing for a mortgage than simply saving the deposit.

    “Your credit rating is as important as your savings record in calculating loan eligibility and borrowing capacity. Having a clear credit record allows you to shop for the best interest rate because you have the financial freedom to choose any bank.

    “At the moment, blemishes on your credit record are viewed unfavourably by most lenders – and defaults remain on your file for 5 years. Never has there been a more important time to understand your credit rating and to keep it looking as healthy as possible” he says.

    MY CRA outlines how home buyers can establish a good track record of credit:

    MAKE REPAYMENTS ON TIME: Repay any bills received by the due date. Bills that are not paid within 60 days may be referred for collection and noted as a default. If people are having trouble paying on time, they should contact the creditor as they may be able to work out a payment plan rather than the creditor listing the non payment as a default.

    USE CREDIT: Having no credit history means there is nothing to calculate and the risk appears high to lenders. Start by borrowing something small. Repaying mobile phone plans, internet accounts, or store credit on time will appeal to anyone checking people’s credit rating.

    HAVE A STABLE ADDRESS: Lenders like to see stability. Furthermore, defaults are easy to come by when bills are sent to the wrong address. If you do travel frequently, consider a trusted family member’s address for all bills.

    APPLY FOR CREDIT WITH CARE: People should only apply for credit if they feel they have a very good chance of being approved. Declined credit applications on a person’s file can hinder their chances of obtaining a home loan. Likewise, people should only apply for credit they have full intention of pursuing. Every application is noted on file, not whether it is approved or not. If a person goes shopping for the right credit and applies everywhere – the lender may consider this person to have been refused credit and therefore a bad risk.

    CHECK CREDIT FILE REGULARLY: People should check their file well before they need to apply for a home loan. That way if there are any problems they can sort it out while there is no urgency, and save themselves embarrassment and disappointment from having their finance declined. The major credit reporting agencies are bound by law to send people a copy of their credit report for free within 10 working days of application.  Or for a fee, Veda Advantage has a service called ‘Veda Alert’ which provides a copy of the credit file, and the person goes on alert to receive notification of any changes to the credit file within 12 months.

    CLEAR YOUR DEFAULTS: If there are defaults, don’t put up with them for 5 years. People can check with a credit file repairer if they can be removed.

    “If people do check their credit file and find defaults, writs or judgements which have been added without a person’s knowledge, have been added incorrectly, unjustly or unfairly there is a good possibility they can be removed by a credit repairer” he says.

    Demand for third party ‘credit repairers’ has grown due to what Mr DOESSEL says is a system fraught with difficulties.

    “Many of our clients have attempted to deal with creditors themselves and have come up against problems and defaults have not been cleared.  Most times the creditor says defaults are never removed and remain on file for 5 years.  The best they can do is mark the listing as paid if the account has been settled.  This may not be sufficient to ensure credit is obtained with some lenders.”

    “Most clients don’t have the time or patience for negotiation with creditors. On cases we take on, MY CRA has had a 91.7% success rate of actually removing the default” he says.

    MY CRA has information for consumers on their website from how to go about obtaining a copy of their credit file, to tips on spotting identity fraud.  For more information go to www.mycra.com.au.

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    Links:

    Link to Dun & Bradstreet article:

    http://dnb.com.au/Header/News/Consumer_debt_referrals_rise_to_record_levels/indexdl_6681.aspx

     

    Please contact:

    Graham Doessel       http://www.mycra.com.au/

    Ph: 07 3124 7133

    246 Stafford Road, STAFFORD QLD.

     

    About MyCRA Pty Ltd

    MyCRA Pty Ltd is 100% Australian owned and operated and we are based in Stafford, a northern suburb of Brisbane in Qld.

    My CRA was developed for the sole purpose of giving clients access and ability to work with their Credit File.   This is in order to give them the best chance of getting approval, getting a lower interest rate or just to reduce the upfront fees that can be associated with obtaining credit. My CRA are able to help you get a copy of your credit file and from that determine how we can help repair a credit file.

    We have more than 15 years combined experience in working with and helping clients with their credit files. We are the fastest known credit rating repair agency in Australia. We can often remove judgements in as little as 3 days.

    As Director I [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][GRAHAM DOESSEL] previously owned a very successful mortgage brokerage company “Mortgage Now” before establishing My CRA because I saw a great need in the industry for credit repair.

     

    Please Note: Our previous results of up to 91.7% have applied only to consumer applications and past results are no indication of future performance

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  • Caught in the credit card trap

    CREDIT cards are easy to come by, but not so easy to make work for you. Consumers are warned being caught out by credit cards could cost you your financial future.

    National credit rating repair company Director GRAHAM DOESSEL urges people to educate themselves on credit cards and their credit rating – to avoid paying the price for years to come.

    “Overdue payments on all bills, including repayments on credit cards are the biggest reason for defaults on your credit rating. These defaults can remain on your credit rating for 5 years, and impact your chances of obtaining further credit in the future” he says.

    According to new figures from the RESERVE BANK OF AUSTRALIA, we are sinking into record levels of credit debt. We now collectively owe close to $49 billion, having been approved for 14.8 million credit cards – more than ever before. More than two-thirds of this whopping bill, or $35.5 billion, is accruing interest every day at an average punitive rate of 19.7 per cent per annum. It means Australians are wasting $7 billion a year in interest on credit cards.

    Mr DOESSEL says more education is needed to ensure people are aware of the implications of both applying for and repaying credit debt.

    “The statistics, and our experience shows Australians are struggling with credit. People need to develop the ethos that credit is not something that is granted, it is something that is earned. What they do right now can affect them for at least five years – good and bad” he says.

    5 WAYS TO MAKE CREDIT CARDS WORK FOR YOU

    1. Set yourself a limit and set your credit limit to this – then you won’t be tempted to overstep what you can afford to repay.

    2. Don’t exceed the credit limit.

    3. Don’t pay just the minimum balance on your card. If possible, pay off the entire balance within the interest free period. If you don’t, you will be charged interest right back to the date of purchase on each item thus forfeiting the interest-free period on those PAST purchases. What’s worse, you must pay the balance off in full before you will get any interest-free period on CURRENT and FUTURE purchases. If you have debt that remains on your card month to month you should look at a card that has a lower interest rate. It may not offer an interest free period, but the lower interest rate should save you more in the long run.

    4. Be aware that interest usually applies immediately on any cash advances from credit cards – whether the withdrawal is within the interest free period or not.

    5. Read the fine print on all credit applications and make sure the deal is right for you. Don’t be lured by promises of rewards or other special deals – concentrate on the fees, interest and repayments.

    Mr DOESSEL advises anyone who has ever been credit active to obtain a copy of their credit file and check for any discrepancies. They can do so for free from the major credit reporting agencies – Veda Advantage, Dun & Bradstreet or Tasmanian Collection Services (if you are Tasmanian). This will be provided within 10 working days – or for a fee it can be provided urgently.

    “It is common for people to not even realise they have a default until they apply for a car or home loan and are declined due to a bad credit rating” he says.

    A credit file is compiled on any person who has ever been ‘credit active’. It lists personal details like name and address, but also any times the person has applied for credit, any defaults (overdue accounts), court judgements, writs and bankruptcies.

    “A clear and healthy credit file really is the ticket to financial freedom. It allows people to do things on a whim – travel, borrow money, buy goods and go into business” Mr DOESSEL says.

    If a credit file check does uncover some nasty surprises – it could be possible to repair the damage done by seeking out a reputable credit file repairer.

    If people have any default, writs or judgements which have errors, have been entered unfairly, unjustly or just shouldn’t be there at all, a credit file repairer can help to remove the offending black mark and clear the file – something which people find very difficult to do on their own.

    “Most times a credit reporting agency will tell clients that defaults are never removed, but can be marked as paid. People are then stuck with a dodgy credit rating for 5 years. But they shouldn’t have to put up with it, as it is possible to have many defaults removed. MyCRA has had up to a 91.7% success rate in removing defaults on files we’ve take on. Usually the turn around is 3-21 days” Mr DOESSEL says.

    (Update: turn around times have increased on some files to 45 – 60 days due mainly to the delays in processing from creditors and ombudsmen services.)

    The MY CRA website has more information for people who need advice on their credit file. There are fact sheets on how to go about removing defaults and more information on credit and its consequences in AUSTRALIA today.

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    Links:

    http://au.pfinance.yahoo.com/credit-cards/features/credit_card_tips/index.html http://www.adelaidenow.com.au/australians-hit-record-credit-card-debt/story-e6frea6u-1225988447714 http://www.adelaidenow.com.au/money/money-matters/tips-for-reducing-credit-card-debt/story-fn3hwldr-1225995954494

    Please contact:

    Graham Doessel             http://www.mycra.com.au/

    Ph: 07 3124 7133

    246 Stafford Road, STAFFORD QLD.

    About MyCRA.com.au MyCRA.com.au is 100% Australian owned and operated and we are based in Stafford, a northern suburb of Brisbane in Qld. My CRA was developed for the sole purpose of giving clients access and ability to work with their Credit File. This is in order to give them the best chance of getting approval, getting a lower interest rate or just to reduce the upfront fees that can be associated with obtaining credit.

    My CRA are able to help you get a copy of your credit file and from that determine how we can help repair a credit file. We have more than 15 years combined experience in working with and helping clients with their credit files. We are the fastest known credit rating repair agency in Australia. We can often remove judgements in as little as 3 days.

    As Director I [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][GRAHAM DOESSEL] previously owned a very successful mortgage brokerage company “Mortgage Now” before establishing My CRA because I saw a great need in the industry for credit repair.[/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

  • Crime storm blows in after Cyclone Yasi

    VICTIMS of CYCLONE YASI are urged to take real and important measures to protect their identities from thieves in the aftermath of the cyclone’s devastation to homes and businesses.

    With homes in absolute ruin and thousands of people still displaced, there is a danger of victims being hit again by identity thieves.

    These fraudsters could pose as insurance people or attempt to remove personal information from homes and businesses while they are vacant and in disarray, according to credit rating repair company MY CRA’s Director GRAHAM DOESSEL.

    “Victims should not be preyed upon again by criminals, but the fact is they are prime targets for identity thieves” Mr DOESSEL says.

    This warning follows the deployment of 35 extra police to NORTH QUEENSLAND following the arrest of six looters in TOWNSVILLE.

    The state’s disaster co-ordinator, IAN STEWART, says there had been 11 reports of looting since CYCLONE YASI hit north and far north QUEENSLAND, including an “opportunistic” break and enter at a pharmacy in CAIRNS during the height of the storm.

    “It really is a disgrace that people would even consider doing this sort of thing at a time when the trauma being suffered by our community is so great,” he said.

    The SOUTH-EAST QUEENSLAND floods produced scammers who tricked victims in to giving their bank details to people claiming they would help them obtain emergency funds. Scammers also claimed to be tradesmen offering to repair flood damage – they requested payment in advance before disappearing.

    MR DOESSEL says cyclone victims may not only be targets for this type of crime, but particularly for other types of looting where thieves obtain personal information from vacant homes and use that information to steal someone’s identity or to claim compensation in their name.

    “People could be at great risk of identity theft, due to their homes being vacant and possibly unsecured for significant parts of the day and night” he says.

    He suggests if displaced victims are unable to secure important documents in their homes at present and are able to retrieve them and store them in a safe and secure place they should do so.

    “Documents like marriage, birth and death certificates, past tax returns and even utility bills could all be stolen and used to appropriate someone’s identity” Mr DOESSEL says.

    The AUSTRALIAN CRIME COMMISSION now sites identity theft as the “fastest growing crime in AUSTRALIA.”

    Compromised financial information can be used directly to attempt to access the victim’s accounts, or be used to obtain credit cards/ loans in the victims’ name.

    Fraudsters have even been known to send SMS and emails from a compromised identity to victims’ friends and associates, asking for money on the victims’ behalf. This often involves a story in regards to the victim being stranded somewhere and requiring the funds urgently.

    Mr DOESSEL says his office has experienced an increase in credit rating repair due to identity theft – from card skimming through to professional gangs who ferret for personal information at a person’s home or in their rubbish bin. 

    “Identity crime hits twice. People are not only ripped off at the time, but their credit rating is destroyed generally for 5 years once defaults are listed on the victim’s credit file. This is regardless of how the defaults got there. A default on a person’s credit file is usually enough for an automatic decline on a home loan” he says.

    The nature of credit ratings in AUSTRALIA, is once a default has been listed on a person’s file – it is very difficult to have it removed. Creditors will generally only mark the listing as paid.

    “Effectively people are robbed of their financial future. The best course of action for most people fighting a default that is unjust, incorrect or just simply shouldn’t be there is to contact a reputable credit file repairer. “

    “A credit rating repairer is generally more aware of the appropriate legislation, experienced at researching case by case and presenting that information in the most effective manner to ensure the best possible chance of having the default removed – as it rightly should be” Mr DOESSEL says.

    People can visit the MY CRA website for more information on identity theft – what to look for, tips on preventing it and what to do if people have been scammed or their identity stolen.

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     LINKS

    http://www.theaustralian.com.au/news/nation/police-head-north-to-crack-down-on-theft/story-e6frg6nf-1226000442845

     http://www.crimecommission.gov.au/media/faq/financial_crime.htm

     http://www.smh.com.au/environment/weather/vultures-descend-on-victims-with-scams-20110116-19sm0.html

     

    Please contact:  

    Graham Doessel       http://www.mycra.com.au/

    Ph: 07 3124 7133          

    246 Stafford Road, STAFFORD QLD.

     

    About MyCRA.com.au

     MyCRA.com.au is 100% Australian owned and operated and we are based in Stafford, a northern suburb of Brisbane in Qld.

    My CRA was developed for the sole purpose of giving clients access and ability to work with their Credit File.   This is in order to give them the best chance of getting approval, getting a lower interest rate or just to reduce the upfront fees that can be associated with obtaining credit. My CRA are able to help you get a copy of your credit file and from that determine how we can help repair a credit file.

    We have more than 15 years combined experience in working with and helping clients with their credit files. We are the fastest known credit rating repair agency in Australia. We can often remove judgements in as little as 3 days.     

    As Director I [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][GRAHAM DOESSEL] previously owned a very successful mortgage brokerage company “Mortgage Now” before establishing My CRA because I saw a great need in the industry for credit repair.

     

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  • Identity Theft the ticking time bomb in Australia

    SAFETY of personal information needs to be taken more seriously in this country, to avoid Australian identity theft statistics rising to the percentages of those in the UNITED STATES, GRAHAM DOESSEL CEO of credit rating repair company MY CRA warns.

    “Identity theft is the curse of the 21st Century and that is becoming more evident in our industry of credit rating repair. There are more and more people needing help with repairing their credit file due to having their identity misrepresented in some way.”

    “With exposure of our personal information greater than ever before, opportunities for fraud are higher than ever” he says.

     This follows a recent investigation into VODAFONE for allegations of possible breaches of privacy by having customer information available on a publically accessible internet site.

     This investigation conducted by the Privacy Commissioner found the allegations were unsubstantiated, but his report, released 16 February did illustrate other areas of concern at VODAFONE in relation to privacy.

     “Vodafone did not have appropriate security measures in place to protect customer’s personal information at the time. Consequently Vodafone was in breach of their obligations under the Privacy Act. I was particularly concerned by Vodafone’s use of shared logins and passwords for staff and the broad range of detailed personal information available to them.” Privacy Commissioner TIMOTHY PILGRIM says.

    Vodafone agreed to review its IT security, and all appropriate staff including employees in retail stores and dealerships will be issued with individual login IDs and passwords.

    Mr Pilgrim said that this case should serve as a reminder to all businesses using customer management systems to ensure that they have robust privacy protections built in.

    The latest AUSTRALIAN BUREAU OF STATISTICS data from a Personal Fraud Survey conducted in 2007 shows over 800,000 Australians were victims of at least one incident of personal fraud in the 12 months prior to interview, with over half of these victims incurring a financial loss.

    Research in 2009 conducted by Galaxy Research for VEDA ADVANTAGE showed 4.4 million Australians were affected in some way by identity theft, compared to 3.8 million in the previous year.

    The AUSTRALIAN CRIME COMMISSION now sites identity theft as the “fastest growing crime in AUSTRALIA.”

    The A.C.C. says compromised financial information can be used directly to attempt to access someone’s accounts, or be used to obtain credit cards, loans or any other credit in the victims’ name.

    Fraudsters have even been known to send SMS and emails from a compromised identity to victims’ friends and associates, asking for money on the victims’ behalf. This often involves a story in regards to the victim being stranded somewhere and requiring the funds urgently.

    Current U.S. statistics point to 8.1 million people being victimized in 2010, according to a report by JAVELIN STRATEGY AND RESEARCH. Although that’s still a huge number, it’s 3 million fewer victims than in 2009.

    So why have the U.S. statistics begun to improve? JAVELIN sites the top reason for the decrease is due to a significant drop in data breaches, or situations in which batches of personal information have become vulnerable to identity thieves.

    The number of breaches last year was down by almost one-third, to 407 incidents, or 26 million records exposed, according to the DataLossDB project. Again, still a huge number, but down – from 604 breaches, or 221 million records exposed, in 2009.

    “We definitely see evidence that the banks and other institutions are taking stronger precautions to prevent data breaches. Data breaches are a big deal. You are eight times more likely to be a victim of fraud if you get a data-breach notice.” James Van Dyke, president and founder of Javelin says.

    He also sites consumer-education efforts as possibly another factor.

    Mr DOESSEL says this demonstrates the importance of vigilance in the war against identity theft.

    “It is so important for Australians to educate themselves on how to keep their information secure, and to demand that any information they are required to give over to any person or company be treated with the utmost privacy” Mr DOESSEL says. 

    “Our message at MyCRA to someone who has found themselves a victim of identity theft is two-fold. Firstly don’t be embarrassed to report it to police – it is only through identity theft being reported that data gets collected and appropriate preventative measures eventually get put in place.”

    “Secondly don’t put up with the damage it causes to your credit file and to your life, get in touch with a reputable credit rating repairer who can help you to clear your credit file and restore the financial freedom you rightly deserve” he says.

    Visit www.mycra.com.au  for more information on identity theft.

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     LINKS

    PRIVACY COMMISSIONER’S STATEMENT:

    http://www.oaic.gov.au/news/media_release_vodafone_omi.html

     

    VEDA ADVANTAGE:

    http://www.vedaadvantage.com/news-and-media/article.dot?id=505933

     

    AUSTRALIAN BUREAU OF STATISTICS:

    http://www.abs.gov.au/ausstats/abs@.nsf/Latestproducts/1301.0Feature%20Article13012009%E2%80%9310?opendocument&tabname=Summary&prodno=1301.0&issue=2009%9610&num=&view

     

    A.C.C. IDENTITY CRIME STATEMENT:

    http://www.crimecommission.gov.au/media/faq/financial_crime.htm

     

    U.S. STATISTICS:

     http://www.washingtonpost.com/wp-dyn/content/article/2011/02/09/AR2011020906064.html

     

     

  • 7 Reasons a Broker should recommend a credit rating repairer

    When brokers meet clients many times they find that all the finances stack up well for approval, until a credit check is performed and it reveals some defaults that will not get the deal over the line. GRAHAM DOESSEL was a broker with his own company ‘MORTGAGE NOW’ before founding his credit rating repair company MY CRA.

    He nominates bad credit ratings as being the number one frustration for many brokers. “Often times the clients don’t even know they have a bad credit rating. It’s only once the credit check is done that these problems arise – and sometimes unpaid bills for as little as $200 can kill the deal”.

    “A loan with a non-conforming lender is not always viable. Also sometimes the clients aren’t willing to pay the higher interest rates for this type of loan” he says. Sometimes a non-conforming lender is not the only option to take to rescue a bad deal.

    A credit rating repairer works by negotiating on behalf of the client to remove defaults from their credit file; thus clearing the file for any future borrowing. Here’s how a credit rating repairer can benefit these clients and your brokerage.

    1. Saves time Turnaround can be slowed down because the credit file is not perfectly clear. Or if a client really needs to repair their credit rating to get approval, they have two options. They can have the default removed by a credit repairer, or they can take out a series of smaller loans and repay those in order to improve their rating. The latter can take months or years to improve someone’s rating, yet employing the services of a reputable credit repairer may only take a few days – depending on the nature of the default. “In some cases, brokers have recommended My CRA and we have cleared the credit file all within the finance clause of the house contract” Mr DOESSEL says. The credit repairer negotiates on behalf of the client to have the default/s removed from their file. This is due to professional knowledge of creditors, processes and current legislation.
    2. Saves clients It could be possible to rescue those hundreds of clients per year who would not qualify for any loan due to crippling defaults. Although not every client is eligible for credit repair due to the nature of their default –for those who are eligible the success rate is high. The first step is to refer that client to a credit repairer who will assess their situation. “We have a 97.1% success rate in removal for every case we take on” he says.
    3. Saves money Credit rating repair allows brokers to get a better deal for their client. Instead of referring people to a non-conforming lender at a high interest rate (of which they will switch in time and possibly pay exit fees to do so) the client can save thousands by having their credit file cleared. This would allow them to go with a lender at a lower interest rate. The fee they pay the credit repairer is miniscule compared with the thousands they will save on interest and exit fees.
    4. Creates trust In business if someone is willing to really help clients with the best thing for them, they will reap the long term rewards. Sometimes the best thing for people is to start fresh with a clean slate. If brokers are able to offer people the best long term deal for them, then they may have that client for the long term and will be seen as their trusted advisor for life.
    5. Creates referrals Clients will tell others how well they were looked after by not only the credit rating repair company but the broker who referred them in the first place. All business is sent back to the referring broker once the credit file is cleared.
    6. Creates financial freedom A clear record can allow clients to take out not only first mortgages, but can be the catalyst that sets them on the road to borrowing for investment properties; business ventures etc – all using their familiar and trusted mortgage broker.
    7. Educates and empowers If brokers were to recommend a credit check at their first meeting – it could save lots of heartache for the client and time for the broker. “More needs to be done to educate people on their credit rating, how easy it is to get a default slapped on their file and the ramifications of this before they are sitting opposite a broker applying for a home loan” “I tell people they should check their credit file every 12 months, much like they do with their super or bank statements to make sure everything is in order. This will pick up any errors straight away” Mr DOESSEL says.

    For more information on credit repair and testimonials from brokers, please visit http://www.mycra.com.au/

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  • Plain English Credit – What you should know about taking on credit

    What you should know about taking on credit

    What is my credit rating?
    Your credit rating is a file on your credit history and is collated by the major credit reporting agencies if you have ever been credit-active.  Your credit rating is then checked by any financial institution or credit provider and is used to assess both the amount you are able to borrow and your ability to repay the loan.
    What does ‘credit active’ mean?
    Anyone that has borrowed money, or has established an account for services is credit active and will have a file in their name. This includes mobile phone plans, accounts with utility companies, rates accounts and of course loans of any kind.
    What is defined as a ‘bad’ credit rating?
    In broad terms, any credit defaults, court actions or writs, external administrations and bankruptcy are all recorded on your credit file and would be considered ‘bad’ credit history by most credit providers.
    In this current economic climate basic defaults and even too many credit enquiries or applications for credit may be considered to be tarnishes on your credit rating.
    How do I know if I have a bad credit rating?
    If you are unsure what is on your credit file, it would be worth taking the time to find out.
    There are three major credit reporting agencies in Australia: Veda Advantage – which holds the credit file of over 14 million Australians, Dun and Bradstreet and Tasmanian Collection Service.
    You can write to or email one of these agencies and request a copy of your file.  If you are not in a hurry there is no charge to you but it will take 10 working days from application to receive this information.
    What is not realised by many people is how easy it is to have a default slapped on their file.  If a bill is more than 60 days late (including rates, power, mobile phones) then a provider has the right to notify you of their intentions to record this default on your credit file. Even if this bill is paid and noted on your file, this default usually remains on your record for 5 years.
    I have found defaults on my credit rating, what are the consequences of this?
    If you discover you have a bad credit file, you will find it very difficult to obtain credit in the future. Generally this problem will keep occurring for the 5 years the default is on your file. This will probably prevent you from obtaining a home loan with most lenders and possibly lead to credit refusal of many kinds from cards to phone plans.
    What can I do to fix my credit rating?
    Once you have obtained a report there are three things to consider:
    1. Check the accuracy of the report. If there are errors, be aware you do have the right to have errors rectified.  Likewise, if there are numerous strange defaults and or applications for credit that you don’t recognise – you would need to immediately investigate these and notify Police in case of identity fraud.
    2. Check you were informed of any intention to list. Current legislation requires you to have been informed in writing of any intention from creditors to list you as a defaulting on credit.
    3. Check the fairness of the listing. Only serious credit infringements should be recorded, or overdue bills in which 60 days have elapsed since payment was due.
    How does My CRA work to repair my credit rating?
    In many cases where people have attempted to remove the default themselves, they have come across difficulties and defaults have not been cleared. Most times the creditor will explain to the client that defaults DONT EVER get removed. The best they can do is mark the listing as paid (if it’s been paid).  This may not be sufficient to ensure credit is obtained with some lenders.
    If you have a default, writ or judgement that has errors or just shouldn’t be there – there is a good chance that My CRA can actually remove it – meaning your financial future is looking a whole lot brighter.
    My CRA works with creditors to negotiate on your behalf and work for your best outcome based on the creditor’s compliancy with the current legislation. We will also look at any other extenuating circumstances to determine if there is an avenue we can investigate which results in having the listing removed.
    We have had up to a 91.7% success rate with cases we take on.   Many credit ratings are cleared within or around 21 working days though some do take longer depending on the difficulty of the case.
    Should I try to cut out all credit from now on?
    Credit is not all bad.  In fact, not having ever taken out credit can harm your chances of obtaining a loan just as much as having a bad credit rating.
    However, we do advise you to be cautious with credit. Start small, for instance a mobile phone plan or store credit card. Make all repayments on time and work methodically to build up a solid credit history.
    What can I do to maintain a good credit rating?
    1. Make all payments on time. This is the easiest way to ensure there are no discrepancies or defaults on your credit file.
    If you are unable to make a payment on time, contact the creditor. They may be able to set up a payment plan for you until you get back on your feet.
    2. Regularly obtain a copy of your credit file – once a year is recommended.
    3. Sign up for Veda Advantage’s Alert system. For approximately $50 per year they can send you a copy of your credit report and email you of any changes made to your credit file within the 12 months of membership.
    4. Keep credit card limits within a set budget. Don’t be tempted to accept the sky high limits some banks offer as it could encourage you to spend needlessly and blow out your budget.
    5. Be aware of excessive credit enquiries. If you are not sure about your credit health, get it checked before applying for new credit. Declined credit applications on a person’s file can hinder their chances of obtaining a loan. Some lenders are rejecting loans for as little as two enquiries in 30 days, or six enquiries within the year.
    6. Don’t shop around for credit. You should only apply for credit you have full intention of pursuing. Every application for credit will be noted on your file, but it does not say whether the application was approved or declined. It could look to creditors like you have been declined multiple times.
    Please Note: Our previous results of up to 91.7% have applied only to consumer applications and past results are no indication of future performance

  • What Young People Need To Know and Do

    As a young person, you should be extra vigilant with your credit file.
    Generation Y is responsible for more than one third of Australia’s total consumer credit defaults, despite making up 20% of the entire credit active population. Gen Y also has more personal loan and telecommunication defaults than any other generation, relative to population size. (Statistics from Veda Advantage)
    The system of credit we have is eager to suck people in but shows no remorse for people who fall off track. Young people have got to be wise and ensure they are making credit work for them, not letting it beat them.
    Your credit file lists personal details like name and address, but also any times you have applied for credit, any defaults (overdue accounts), court judgements, writs and bankruptcies.
    Many young people don’t realise how easy it can be to end up with a bad credit rating.
    Here are some of the typical situations where you can find yourself with a black mark against your name:
    Unpaid accounts: Any credit accounts or loans – including mobile phones and electricity that run over the due date are considered unpaid accounts. If they are not paid by the due date, creditors will make a note of it. If the account is not settled within 60 days from the due date, creditors can list this unpaid account or loan on your credit file as a default.
    Moving/traveling: If you move around a lot, the danger can be ending up with defaults on your credit rating due to unpaid accounts you were not aware of. Typically an account gets sent to your previous address and remains unpaid and then listed as such on your credit file. Consider a P.O. Box for all your mail or alternatively a parent’s address.
    Share accommodation: Any accounts which have your name on them, regardless of who intends to pay them are your responsibility – this includes rent. Sometimes people get caught out sharing houses, and someone leaves bills unpaid which then have dire consequences for your future.
    Identity fraud: Young people are increasingly victims of identity theft – and often it is someone they know. Typically, someone uses your identity to secure credit in their name – mobile phone accounts, credit cards, store credit – in some cases even mortgages. See our website for more information on identity theft and how it could affect you.
    To avoid the disappointment and embarrassment of finding out about your bad credit rating only after being declined credit, MY CRA recommend you check your credit file every 6-12 months to ensure there are no black marks against your name, just as you would check your bank statements or your super account.
    You can request a copy of your credit file for free from the major credit reporting agencies – Veda Advantage, Dun & Bradstreet or Tasmanian Collection Services (if you are Tasmanian). This will be provided within 10 working days – or for a fee it can be provided urgently.
    The consequences of a bad credit rating:
    A bad credit rating sticks. Many times you will find you are black listed from credit for a five year period following a default on your record. Even having too many credit enquiries or a default from a simple unpaid phone bill can be enough to be refused a home loan with most lenders in the current economic climate.
    Think of everything you want to achieve in the next five years. Maybe you would like to buy property, start a business, buy a motor vehicle, borrow money for travel, or even just take out a credit card. The chances of you being able to do this are greatly hindered with a bad credit rating.
    A clear and healthy credit file really is the ticket to financial freedom.
    How to repair your credit rating:
    If a credit file check does uncover some nasty surprises – it could be possible to repair the damage done by contacting MY CRA.
    If a default, writs or judgements has errors, has been entered unfairly, unjustly or just shouldn’t be there at all, we can help to remove the offending black mark and clear the file – something which you could find very difficult to do on your own.
    Most times a credit reporting agency will tell you that defaults are never removed, but can be marked as paid. You are then stuck with a dodgy credit rating for 5 years. But you shouldn’t have to put up with it, as it is possible to have many defaults removed.
    MY CRA has a 91.7% success rate in removing defaults on every case we take on. Usually the turn around is 21 working days though some can be longer depending on the difficulty of the case.
    But, prevention really is better, and cheaper than the cure.
    Credit reporting agency Veda Advantage suggests some further ways for young Australians to keep their credit rating clean:
    • Pay bills on time.
    • If people are having trouble paying, they should contact the organisation they owe money to, It may be possible to set up a payment extension system if people are honest about their situation. It is often the failure to respond to a bill or notify a business of your intention to pay that causes them to proceed to default stage.
    • Don’t take submitting credit applications lightly. Current legislation in place means organisations running credit checks can’t see whether or not an application was successful – all they can see are the number of applications.
    • Consider pre-paid mobile phone services.
    • Keep addresses and other details accurate and up to date to ensure credit providers are sending notices to the correct address.

  • First Telstra & Now Vodafone… What Privacy Protection Do We Really Have?

    Recently I blogged about Telstra allegedly breaching the privacy of some 200,000 clients by sending out letters to clients containing the details of other Telstra clients phone services and contact details.

    Now it seems, Vodafone have allegedly breached privacy also..

    According to a OAIC release, Vodafone have allegedly allowed personal and private Client information to have been available on a website which may have breached the Privacy Act.

    I am glad I am not a Vodafone client right now.

    MyCRA works everyday with clients that have defaults on their credit files and with hundreds of thousands of ‘reported’ cases of Identity Theft every year in Australia, this Vodafone issue is just what the organised gangs are after to steal more identities.

    The following excerpt is directly from the OAIC Media release:

    The Australian Privacy Commissioner, Mr Timothy Pilgrim, will investigate allegations that Vodafone has made the personal information of its customers available via an internet site.

    “Our Office takes all allegations of privacy breaches very seriously. All organisations should ensure the security of their customers’ personal information or risk breaching the Privacy Act and causing serious customer dissatisfaction and possible loss of business as a result,” Mr Pilgrim said.

    “The Office’s first step will be to determine whether Vodafone’s activities constitute a breach of the Privacy Act. I am concerned about the amount of personal information that may have been disclosed which could include sensitive information. For this reason I have opened an own motion investigation into the matter today. I have spoken with the CEO of Vodafone and he has assured me of Vodafone’s full cooperation,” Mr Pilgrim said.

    The Australian Privacy Commissioner also advised that if an individual believes their privacy has been interfered with they should first contact Vodafone and if they are not satisfied with their response they can make a complaint to the Office of the Australian Information Commissioner.

    If you have fallen victim to Identity Theft, firstly report it to the police and cancel any accounts that may have been affected.

    Once you have that area under control, Give MyCRA Credit Rating Repair a call and we can guide you through the process of removing any black marks that may have appeared on your credit file or credit rating as a result of the Identity theft Issue

    You can contact MyCRA Credit Rating Repair on 07 3124 7133 or www.MyCRA.com.au

  • How Do I Know What Is On My Credit File?

    You can check what is on your credit file in a number of ways.  If you have time on your hands, you can request a copy of your credit report for free from one of the credit reference agencies.  The request needs to be made in writing, and your credit report will take 10 working days from date of receipt to be sent to you.

    If you require it urgently, the credit reference agencies will charge you a fee of around $30, and generally your credit report will be despatched for you within one working day.  Below are links for credit reporting agencies:

    http://www.vedaadvantage.com/personal/mcf/my-credit-file.dot

    http://dnb.com.au/Credit_Reporting/Order_my_consumer_report/index.aspx

    http://www.tascol.com.au/reports.htm

    For more information on removing defaults or bad credit listings from your credit file, please have a look at www.MyCRA.com.au or call 07 3124 7133 for FREE info..

  • What Is A Credit File?

    Many people are not aware of what a credit file is, or whether they have one.

    Anyone who is or who has ever been ‘credit active’ has a file in their name.

    Veda Advantage, Dun & Bradstreet or Tasmanian Collection Service (If you live in Tasmania) are the three main credit reporting agencies in Australia, who share information. Any one of these will have your file on hand if you are credit active.

    The information on this file includes:

    Name

    Date of Birth

    Address

    Gender

    Driver’s Licence Number

    Credit enquiries: Your credit file contains a detailed list of every time in the last 5 years you have applied for credit, it contains when, how much, with which company and what for.

    Loans: Any current loans are recorded

    Defaults: Any accounts in default of more than 60 days.  Any overdue accounts that have been paid are then listed as paid and the date the default was fixed.  If the lender believes the debtor has decided not to pay the debt it will be listed as a Clearout Listing – these remain on your file for 7 years.

    Dishonoured Cheques: Any dishonoured cheques over $100.00 which were presented more than once.

    Judgements: Any court judgements, writs or summons you have been involved in.

    Bankruptcies: All bankruptcy orders, which includes Part IX Debt Agreements.

    It is from this file that creditors make a decision whether on not to lend you money. This information is then available to banks and building societies; finance companies like GE and Avco; mobile phone companies and retail stores like Myer, Harvey Norman and Wow Sight & Sound.  These companies are all known as credit providers.

    If there are any blemishes on your file, it is highly likely credit providers will decide against lending you money.

    For more information on removing bad credit listings from your credit file, visit www.MyCRA.com.au or phone 07 3124 7133 for free information and advice.

  • Merry Christmas from MyCRA Credit Rating Repair

    Merry Christmas from Graham and the team at MyCRA Credit Rating Repair.

    We have had a tremendous 12 months and are very thankful to all of our clients and brokers that we’ve been able to help so far.

    This last year has seen us grow and expand far outside of our expectations and with that growth we have had our ups and downs.

    We’ve had interesting times with suppliers and ex suppliers, we’ve had major creditors flaunting their responsibilities to their clients and the law. We’ve had tremendous successes that have seen our best ever removal of a telco default within 1 1/2 days of our client paying his stage 2 fee.

    We have continued to grow and learn so much as a company. We have found better and more time efficient ways of dealing with creditors and helping them to understand their obligations to clients, including publishing resources that will help creditors make less mistakes in the future.

    This we hope may lead to decreasing numbers of incorrectly added defaults on clients credit files. In conjunction with the ACCC, ASIC, the office of Fair Trading, The Privacy Commissioner and several other bodies in Australia, we are working to improve the standard of information reported to Credit Reporting Agencies to improve the data quality Nationally.

    2011 is looking like a very exciting time for MyCRA with the recent launch of our own National Agency Rollout Program aimed at getting local representation on the ground across the country.

    Within weeks of the soft launch, we had received several genuine enquiries for placement and of the applications received we welcomed one new agent in Melbourne South East and one new Agent in Sydneys’ North west. We expect this number to be multiplied ten fold in the first half of 2011.

    We also saw the launch of our offices in New Zealand with an office in Auckland and Queenstown. I look forward to continuing to drive the KIWI expansion.

    We will continue to move our clients files forward with full staffing throughout the Christmas period and further staffing increases through January to cope with the very high demand for quality professional default removal and credit rating repair services.

    Thanks again from all of us at MyCRA Credit Rating Repair and we look forward to helping you again very soon.

    With warm seasons greetings
    MyCRA Pty Ltd

    Graham Doessel
    Founder & CEO

  • Identity Theft – How to avoid it – What to look for – What to do…

    Identity theft – how to avoid it; what to look for; what to do

    A 2007 Australian Bureau of Statistics survey shows over 500,000 people in Australia have been victims of identity fraud, with the majority coming from credit or bank card fraud.

    Not only does identity theft cause financial hardship at the time, but can amount to a great number of defaults on your credit record.  Often by the time the Police become involved, you may have credit applications, possibly defaults, mortgages, and mobile phones already on your file incorrectly.

    The culprits can range from scammers working overseas to local gangs.  It can also be someone you know. It’s important to be vigilant with keeping your personal information Image of Man stressed lookin through papers worried about Identity theftsecure.  Here are some things to be aware of.

    The main ways your identity can be stolen:

    Stealing your wallet or purse.  From there thieves may be able to gain your address, credit card details, bank details, drivers licence and more.

    Forwarding your mail – Offenders can have your mail redirected to another address, where they will probably receive bank statements, phone bills, rates notices, or car registration information that they can use to steal your identity.

    Card skimming on ATMs – where thieves set up a machine which skims your card’s details when you use the ATM.  There may also be a separate camera installed to record you entering your PIN number.  Or dodgy shops and restaurants have a separate ‘skimmer’ which they zip your card through, which reads your personal information and card details.

    Online accessing of your personal information – this can be via social networking sites, where people often post information on birth dates, addresses, phone numbers and email addresses.  The internet can also be used to access credit card and bank details by hackers.  Sometimes they use a combination of all in order to gather enough information to steal your identity.

    Dumpster diving – Organised gangs can go through your rubbish looking for old rates notices, bank correspondence, phone bills, any documents that the organisation can then use to send some one to get a copy of a marriage certificate, a copy of your birth certificate, then a ‘replacement’ copy of your driver’s licence.  Once this is accomplished they can go as far as opening bank accounts or buying properties – all in your name.

    Phishing scams –You receive an e-mail from your bank or trusted company, asking you for information. It looks real, but it’s designed to fool you into handing over important information.

    Fraud ‘alerts‘ – Scammers pretend to be from your bank or similar place and contact you about possible fraud to your account – tricking you into handing over your information so they can rectify the problem.

    Career Advertising – Scammers post fake job applications and then steal the personal information you provide to them.

    The signs of identity fraud:

    -Suspicious entries on your credit card statements, bank statements or statements for accounts you were not aware of holding.

    -Money missing from your bank account/s

    -Missing mail – eg not receiving mail from your bank, Centrelink etc.

    -Credit refused somewhere.  If you feel there is no reason for the credit refusal, take     steps to get a report on your credit rating to find out where the default originated.

    -Mail about credit applications you have not taken out yourself

    -Phone calls or emails from ‘banks’ asking for your account details to be verified

    What you can do to protect yourself from identity theft:

    From this day forward, make sure your personal details are guarded very closely.

    Buy a shredder for home and ‘cross shred’ every piece of personally identifiable information that is no longer required.  Never ever just throw away a bank statement or credit card statement.

    Sign up to ‘My Veda Alert’ from credit reporting agency Veda Advantage to receive email alerts whenever a change to your credit file takes place for 12 months.  You also get a free copy of your credit file dispatched within one working day. Check all entries on your credit rating, and make sure each entry is valid and you have not already become a victim.

    Be protective of your cards. Check the ATM before you use it for anything that looks out of the ordinary – particularly strange looking boxes attached to it.  If you are unsure, use another ATM and report your suspicions to the bank.

    Also make it a habit to watch when someone swipes your credit card at a shop or restaurant.  This should only be done once from the one machine.

    Make online safety paramount. Some recommendations from the government’s Stay Smart Online website are:

    • Install security software and update it regularly.
    • Turn on automatic updates so all your software receives the latest fixes
    • Set a strong password and change it at least twice a year
    • Stop and think before you click on links or attachments
    • Stop and think before you share any personal or financial information – about you, your friends or family
    • Know what your children are doing online – make sure they know how to stay safe and encourage them to report anything suspicious.

    Always check your credit card statements and bank statements when they arrive and make sure every entry is yours.

    Chase up missing mail. Be suspicious if you don’t receive bank statements or bills and contact the companies if it seems they have missed sending you statements for any reason.  It may not be a case of ‘no news is good news’.

    Be wary when strangers call.  Be reluctant to give out personal information to anyone     who calls or emails claiming to be from a bank or similar institution.  If in doubt hang             up and verify the identity of the caller with the main phone number you have on file.

    The Privacy Commissioner’s website has a great online questionnaire. This gives you an assessment of how vulnerable you may be to identity fraud. http://www.privacyawarenessweek.org/id_theft_tool/index.html

    What to do if you find yourself a victim of identity fraud:

    1. Contact your local Police immediately.

    2.  Contact your banks and any other relevant institution such as Medicare, Department of Transport, Department stores, anywhere where thieves might request ‘replacement’ copies of cards.

    3.  Gather evidence of the identity fraud, and make copies of any discrepancies on your statements for the relevant authorities.

    4.  Contact a reputable credit repairer such as My CRA, who will order a copy of your credit rating report, be able to check each entry on your file and remove the defaults completely from your file – which shouldn’t have been there in the first place.  This could save you money on lawyers and months of your time talking to creditors with the process taking from 3-21 working days (average).  We have a 97.1% success rate of removing defaults if we take on the case.

    Read more on identity theft:

    http://www.abs.gov.au/ausstats/abs@.nsf/Latestproducts/1301.0Feature%20Article13012009%E2%80%9310?opendocument&tabname=Summary&prodno=1301.0&issue=2009%9610&num=&view

    http://www.ag.gov.au/identitysecurity

    http://www.scamwatch.gov.au/content/index.phtml/tag/identitytheft

    http://www.staysmartonline.gov.au

    http://www.vedaadvantage.com/personal/mcf/my-credit-file.dot

  • Has Telstra Put 220,000 Clients At Risk Of Identity Theft By Their Error?

    Telstr has sent out 220,000 ‘botched’ letters to clients with other customers information showing what Plans, Phone numbers, even Silent Numbers  and Names of other clients.

    This could SERIOUSLY affect the privacy of 220,000 people in a real way and The Australian Privacy Commissioner is not happy.

    The Australian Communications and Media Authority Chairman, Mr. Chris Chapman said yesterday “The main priority initially is to limit the damageto consumers caught up in

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    Chris Chapman photo
    Chris Chapman, Chairman of the ACMA

    this mail out and where possible to ensure remedies are quickly implimented.”

    “I have spoken with Telstra and they have assured us they will fully co-operate with the ACMA and other regulatory agencies to minimise the fall out for customers,” Mr Chapman said.

    Mr. Timmothy Pilgrim  (The Australian Privacy Commisioner) has advised that his office will commence an investigation into the matter.

    Mr. Pilgrim went on to say, “While I welcome Telstra’s prompt advice that this incident occurred and that it has taken steps to contact affected customers, I am concerned about the amount of personal information that has been disclosed which includes potentially sensitive information such as silent numbers.”

    “Customers expect their personal data to be protected by organisations and incidents such as this are very serious. For this reason my Office will be opening an investigation into the matter today,” Mr. Pilgrim continued.

    Telstra has acted quickly to set up a hotline for its affected customers 1800 307 987.

    Graham Doessel CEO of National Credit File Repair Firm My CRA said, “While Telstra,

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    Graham Doessel Photo
    Graham Doessel, MyCRA CEO

    The Privacy Commissioner and The ACMA are all working together to get this mess cleaned up, the simple truth is the damage has already been done.  The amount of information contained in these letters could be the last piece in the Identity Theft Puzzle.”

    “There are organised gangs that actually go through peoples rubbish just looking for discarded rates notices, phone bills, credit card and bank statements, old rego papers and anything else they can use to convince the authorities that they are you,” Graham Doessel continued.

    Mr. Doessel also commented, “Once the organised gangs have come back enough times (can take many months), got the paperwork they need, they will systematically go about building a copy of your identity.  Then they can access bank accounts, get credit cards, apply for loans, phone accounts, and in some cases, buy property in your name. Some have even mortgaged or sold the family home of their Identity Theft Victims.”

    A 2007 Australian Breau of Statistics survey shows over 500,000 people in Australia have been victim of Identity Fraud, with the majority coming from Credit or Bank Card Fraud.

    If you think there is even a small chance that you may be the victim of Identity Fraud, (also known as Identity Theft) the simplest thing you can do is to contact www.MyCreditFile.com.au  and request a Free copy of your credit file.

    You are entitled to one free copy of your credit report ever year and it will arive within 10 working days.  If you need a copy of your credit rating any sooner, you can pay a small fee to have it emailed to you within a couple of hours.

    If you do discover there are concering entries on your credit rating, you have hte right to contest those and potentially have them ammended or removed.

    Contact your creditor and ask that the items are updated or removed though we do find that unfortunately many clients are bluffed by their creditors and are unsuccessful after many months of trying.

    If you are time poor or just want he best chance of repairing your credit rating, investigate the option of engaging a professional credit repair firm.

    All professional credit repair firms will have a detailed website, publish all of their prices, have success stories from real clients and display their success rates.

    Do your home work and then get your financial integrity back.[/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

  • YOUR CREDIT RATING HEALTH – & How To Check And Maintain It..

    Your credit rating is just like your health.  You can get regular check ups and maintain it, or you can wait until something goes wrong before you get it fixed. Being aware of your business’ credit file history can go a long way to not only keeping it afloat, but allowing for future expansion. GRAHAM DOESSEL addresses some common questions.

    WHAT is my credit rating?

    Your credit rating is really a file on your personal or business credit history and is collated by the major credit reporting agencies on anyone who has ever been credit-active.  Your credit rating is then checked by any financial institution or credit provider and is used to assess both the amount you are able to borrow and your ability to repay the loan.

    read the whole story…

  • Another Optus Default removed

    Today we notified our Client Juan M. of WA that his OPTUS default was removed.

    We began work on the 21st of September and the default was removed today (the 30th of September 2010)  Just 7 working days…

    Case Study.

    Client went overseas for 3 months and was unaware of the outstanding account.  As soon as he was made aware of the bill he paid it immediately.

    The Client provided detailed and accurate accounts of dates he traveled, amounts paid, dates paid, evidence of travel and payments etc to back up his claims.  This greatly assisted in the speedy removal of the default.