MyCRA Specialist Credit Repair Lawyers

Tag: Veda Advantage

  • How Do Bad Credit Defaults Get Removed

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    How Do Bad Credit Defaults Get Removed…

    [/fusion_text][/fusion_builder_column][fusion_builder_column type=”1_6″ layout=”1_6″ last=”true” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” link=”” border_position=”all” border_color=”” border_style=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ animation_offset=”” class=”” id=”” border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px” first=”false” spacing_left=”2%” min_height=”” type=”1_6″][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container background_color=”” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” video_mute=”yes” video_loop=”yes” fade=”no” border_color=”” border_style=”” padding_top=”20″ padding_bottom=”20″ padding_left=”” padding_right=”” hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=”” type=”flex” border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px”][fusion_builder_row][fusion_builder_column type=”1_6″ layout=”1_6″ last=”true” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” link=”” border_position=”all” border_color=”” border_style=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ animation_offset=”” class=”” id=”” border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px” first=”true” spacing_right=”2%” min_height=”” type=”1_6″][/fusion_builder_column][fusion_builder_column type=”1_1″ layout=”2_3″ last=”true” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” link=”” border_position=”all” border_color=”” border_style=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ animation_offset=”” class=”” id=”” border_sizes_top=”0px” border_sizes_bottom=”0px” border_sizes_left=”0px” border_sizes_right=”0px” first=”true” spacing_right=”2%” spacing_left=”2%” min_height=”” type=”1_1″][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” font_size=”” fusion_font_family_text_font=”” fusion_font_variant_text_font=”” line_height=”” letter_spacing=”” text_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]How do defaults get removed


    1.)  Firstly, [fusion_popover title=”Tell Us What Really Happened” title_bg_color=”” content=”Tell us what really happened – not what you think will help, or what you think we might want to hear. Why Is This Important?  The more information we have, the better your chances of MyCRA Lawyers legal team finding a reason to remove the bad credit listing.  Also, if you don’t tell us everything, we may formulate an approach based on the information you provide that could turn out to be a waste of your time and your money.  This may also limit your chances at a second approach or attempt.” content_bg_color=”” bordercolor=”” textcolor=”” trigger=”hover” placement=”Right” class=”” id=””]we ask you what really happened[/fusion_popover] so we understand your specific situation.

    2.)  We then confirm the listings on your [fusion_popover title=”Credit Files” title_bg_color=”” content=”There Are Four Main Credit Reporting Bodies In Australia:  Veda Advantage (Veda), Dun & Bradstreet (DnB), Experian and Tasmanian Collection Service.  MyCRA Lawyers routinely removes defaults, Court Judgments and other bad credit listings from your Veda and DnB credit reports.  MyCRA Lawyers can help you get a copy of both your Veda and your DnB credit files while you’re on the phone with us.” content_bg_color=”” bordercolor=”” textcolor=”” trigger=”hover” placement=”Right” class=”” id=”credit-files”]Credit Files[/fusion_popover] to further assess your specific situation.

    3.)  You are then advised the most appropriate course of action, [fusion_popover title=”Not All Defaults Need To Be Investigated” title_bg_color=”” content=”Once we have had a look at your full credit file, we can advise you on the best options available to you.  This may include an alternative action that you can do yourself at no charge, or sometimes to do nothing at all.  Doing nothing may be the best option if for example, the default listing has almost run it’s course and is about to be automatically deleted by the credit reporting body due to the passage of time.” content_bg_color=”” bordercolor=”” textcolor=”” trigger=”hover” placement=”Right” class=”” id=””]including which defaults Do NOT need to be investigated[/fusion_popover].

    4.)  Then we request from your creditor(s), a list of [fusion_popover title=”Specific Documents” title_bg_color=”” content=”The specific documents requested are those that relate to notices sent to you, information on your file, when specific actions were taken, histories of the account, histories of the payment and missed payments etc.  Your creditor is required to have copies of these documents.” content_bg_color=”” bordercolor=”” textcolor=”” trigger=”hover” placement=”Right” class=”” id=””]specific documents[/fusion_popover] and information about your file and history with them.

    5.)  We then review the information provided by both you and your creditor, and compare that with up to approximately 8000 pages of legislation, looking for [fusion_popover title=”Legislative Breaches” title_bg_color=”” content=”Legislative or Compliance Breaches may deem the credit file listing unlawful and require it’s immediate removal.” content_bg_color=”” bordercolor=”” textcolor=”” trigger=”hover” placement=”Right” class=”” id=””]legislative and/or compliance breaches[/fusion_popover].

    6.)  We then uncover those legislative or compliance breaches and advise your creditor that the default listing has been placed unlawfully and needs to be removed immediately. [fusion_popover title=”Australia’s Only Audited Success Rate” title_bg_color=”” content=”We know you’ve probably heard all the horror stories about the dodgy ‘credit repair companies’ ripping people off and making unsubstantiated claims, so we decided to have the same Auditor that does our annual Law Firm Trust Account Audits (As required by The Queensland Law Society) take a look at, and formally Audit or Successful Removal Resolution Results.  The Auditor came back with the Audit Certificate confirming MyCRA Lawyers is successful in achieving a removal resolution in 91.6% of matters fully investigated.  (The certificate is available on our website if you’d like even more assurance that MyCRA Lawyers is the only safe choice in investigating the validity of listings on your credit rating.)” content_bg_color=”” bordercolor=”” textcolor=”” trigger=”hover” placement=”Right” class=”” id=””]This happens in 91.6% of cases.[/fusion_popover].

    7.)  You are then advised of the successful default removal resolution.  29.6% of the successful removal resolutions are achieved in seven days or less.

    8.)  Once your creditor has acknowledged the removal request, the default is normally permanently removed from your credit file(s) in just 10 business days.

    You can then go on to apply for your home loan or finance and move in to your very own family home.

    To get started, Pick up your phone now and call MyCRA Lawyers now on 1300-667-218 for a 100% confidential, no obligation free chat.

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    If you’d like more information
    or just want to chat about your situation, please call 1300-667-218 and speak confidentially with one of our friendly, helpful team.  There is no cost and no obligation.

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  • [X] It Looks Like Your Client Might Have Lied To You

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    RE: It Looks Like Your Client Might Have Lied to You…

    Have you ever had a situation where you’ve asked your client a question only to have been lied to?  How much of your time did they waste?  What if you had a set of better questions to avoid this? (see below)

    Just a few hours ago we got a call from a broker that’s lodged an application with a prime lender only to be told the client had 4 defaults.

    2 x Council Court Judgments.
    1 x Amex Default
    1 x Citibank Credit Card

    This is AFTER the broker had asked the client if their credit was “in good order”, to which the client stated “YES”.   Naturally it was declined and now to the question of Serviceability and Suitability.  Hmmm, do you think it might be an issue?

    What if this broker had a simple 3 step process to avoid wasted time and get more approvals…

    Step 1.
    Ask your client Specifically if they’ve had trouble paying any bills on time in the last 4 years because studies show most people with bad credit don’t know it.

    Step 2.
    Grab a copy of their and Credit files (regardless of what they tell you) BEFORE you lodge their application, so you can see their credit health for yourself.

    Step 3.
    Call MyCRA Lawyers on 1300-667-218 ASAP to discuss their scenario and learn if they’ll be the next 18 minute removal (Call us while you’re with them) so they can see and feel you have their best interests at heart.

    Keep reading to see why it’s so important to you and your clients…

    If your client has had any trouble paying their bills in the last 4 years, there is a chance that they may have bad credit, and this should be a red flag that can alert you to avoiding a possible decline.

    If you BEFORE you lodge, then that perfect lender is not made aware of any possibly unlawful credit listings.  Thus removing a possible hurdle.

    Even when MyCRA Lawyers expert team are successful in removing your clients defaults, if your perfect lender has already seen a copy of their credit file before we remove your clients default, they may still find reason to decline.  (Better we fix the issue BEFORE the lender sees it.)

    Then you call my team or I on 1300-667-218 immediately, and we can walk you, and your client through of the legal credit repair process, so you can see how easy it is when you’ve got MyCRA Lawyers in your corner.  Sounds good doesn’t it…

    I look forward to hearing from you.

    With warm regard,
    MyCRA Lawyers | Armstrong Doessel Stevenson Lawyers (and introducing)
    Your Budget Now

    Graham Doessel
    Chief Executive Officer
    Non-Legal Director

    Tel: 1300-667-218

    P.S.  Remember to reply to this email if you’d like to be one of the first to receive your Accredited Referrer website Badge and start receiving the additional rewards associated with it.

    P.P.S.  Have you checked out the latest MyCRA Lawyers Innovation.  Check Out YBN now…

     
    Your Budget Now – Providing You With, Bill Paying | Budgeting | Savings Plan Solutions

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  • Re: Thomason, Michael J – LOAN DECLINED

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    Email not displaying correctly? Read it in your browser, Click here
     

    RE: Thomason, Michael J. Loan Declined.

    For more approvals, you might want to follow these three simple steps.

    Step 1.
    Ask your client if they’ve had trouble paying any bills on time in the last 4 years because studies show most people with bad credit don’t know it.

    Step 2.
    Grab a copy of their and Credit files (regardless of what they tell you) BEFORE you lodge their application, so you can see their credit health for yourself.

    Step 3.
    Call MyCRA Lawyers on 1300-667-218 ASAP to discuss their scenario and learn if they’ll be the next 18 minute removal (while you’re with them is perfect too) so they can see and feel you have their best interests at heart.

    Keep reading to see why it’s so important to you and your clients…

    If your client has had any trouble paying their bills in the last 4 years, there is a chance that they may have bad credit, and this should be a red flag that can alert you to avoiding a possible decline.

    If you BEFORE you lodge, then that perfect lender is not made aware of any possibly unlawful credit listings.  Thus removing a possible hurdle.

    Even when MyCRA Lawyers expert team are successful in removing your clients defaults, if your perfect lender has already seen a copy of their credit file before we remove your clients default, they may still find reason to decline.  (Better we fix the issue BEFORE the lender sees it.)

    Then you call my team or I on 1300-667-218 immediately, and we can walk you, and your client through of the legal credit repair process, so you can see how easy it is when you’ve got MyCRA Lawyers in your corner.  Sounds good doesn’t it…

     

    With warm regard,
    MyCRA Lawyers | Armstrong Doessel Stevenson Lawyers (and introducing) |
    Your Budget Now

     

    Graham Doessel
    Chief Executive Officer
    Non-Legal Director

    Tel: 1300-667-218

    P.S.  Remember to reply to this email if you’d like to be one of the first to receive your Accredited Referrer website Badge and start receiving the additional rewards associated with it.

     
    Your Budget Now – Providing You With, Bill Paying | Budgeting | Savings Plan Solutions

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  • TESTIMONIAL: Dr Kamal Zgheib Thanks MyCRA Lawyers For Erasing His Bad Credit

    [fusion_builder_container background_color=”” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”” padding_top=”20″ padding_bottom=”20″ padding_left=”0″ padding_right=”0″ hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][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”][fusion_text]Dr Kamal Zgheib had a default that was proven to be placed unlawfully and was then removed in less than a month.

    Click the video below now.[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container background_color=”” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”” padding_top=”20″ padding_bottom=”20″ padding_left=”0″ padding_right=”0″ hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][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”][fusion_youtube id=”lXWWL1rj-FU” width=”600″ height=”350″ autoplay=”no” api_params=”” class=””/][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container background_color=”” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”” padding_top=”20″ padding_bottom=”20″ padding_left=”0″ padding_right=”0″ hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][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”][fusion_text]Here’s the Transcription:

     

    Hello Kamal speaking

    good afternoon Kamal, Graham Doessel from Mycra Lawyers in Brisbane, how you going?

    I’m good, good thank you. How are you?

    Good, Do you have a couple seconds?

    Yes,  I do actually have a patient in my room, I’m just printing something for him, just one moment.

    Ok thanks

    Ok, so ah, yeah, is there anything that I can do for you at the moment?

    Absolutely, absolutely. Its um – are you talking to me or the patient?

    ahh you haha

    hahaha. Yeah, i just noticed the email that you sent through to lauren this morning

    Yes

    Thank you so very very much for your kind words that’s amazing

    Thank you i really appreciate it

    I was wondering if I used that in my marketing?

    of cause

    do you mind if i leave your name in there?

    Yes 100%, but if you want me to send you the same email to you sir i have no problem with that

    no that’s fine I’m happy to use the one I’ve got here that’s fine. Thank you so very very much and look if we can be of any help with anything at any stage in the future…?

    Thank you so much i will tell all my doctors friends, family and I will recommend them to you, because for me –

    it’s so easy to get bad credit isn’t it? (Yeah) It’s so easy to get bad credit and so hard to get rid of.

    that’s right it was for me impossible to get any loan, without your help, cause you know I had two default unjustified and um I dunno if Lauren knew about it, I contacted Veda and the default has been removed completely, probably she doesn’t know yet haha, but i wanted to let her know, and my Veda score is the highest in Australia, its 911.

    That’s fantastic

    So yeah

    So it’s just that default that was making it hard yeah?

    Yes, my Veda score was 452 (yep) 20% bottom, you know, bottom, I mean sub zero, and now it’s 911, (yep) it’s the highest in the country. It’s in the 81 – 100%, so it’s the – it’s an excellent score – Excellent.

    That’s amazing

    So you’ve got below average, you’ve got average; you’ve got good, very good, and excellent. For mine its excellent thanks to you.

    I’m very very glad to hear that very glad to hear that. (Thank you) So the only thing that I’ll block out of this thing is your personal email address

    Beautiful

    Fantastic

    I’m more than happy for you to do that, yeah. And if you would like me to do some testimonial on YouTube for example, I’ll get my partner, shes in IT and ah she knows, well a lot about computers, I’m more than happy to organise a YouTube testimonial regarding umm you know… regarding the ahhh…. you know our chat and explaining what your firm has done to me.

    G- well that’s – that’s absolutely wonderful yeah absolutely

    And Lauren Andrew ahhh Phillip Anthony, Cory – they are all amazing, you know? I can’t tell you how beautiful the service was, it’s amazing, its changed my life. Its changed my life and its saved me thousands of dollars because you know the bank wanted to give me 10% because of my credit file. My excellent – my credit history now, its back on track

    fantastic, congratulations Kumal that’s amazing

    thank you so much sir, thank you so much. Thank you.

    do you mind if i pull this phone call from our server and Ill just use your kind words in an audio testimonial as well is that ok?

    100%

    ahh thank you so much

    Thank you

    Thank you Kamal, I really really appreciate it.

    Thank you so much bye bye

    Bye bye[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container background_color=”” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”” padding_top=”20″ padding_bottom=”20″ padding_left=”0″ padding_right=”0″ hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][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”][fusion_imageframe lightbox=”no” lightbox_image=”” style_type=”none” hover_type=”none” bordercolor=”” bordersize=”0px” borderradius=”0″ stylecolor=”” align=”none” link=”” linktarget=”_self” animation_type=”0″ animation_direction=”down” animation_speed=”0.1″ hide_on_mobile=”no” class=”” id=””] [/fusion_imageframe][fusion_text]

     

    If you want a clean credit rating, call MyCRA Lawyers now on 1300 667 218 for an obligation free chat[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_4″ last=”no” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” border_position=”all” border_size=”0px” border_color=”” border_style=”” padding=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ class=”” id=””][/fusion_builder_column][fusion_builder_column type=”1_2″ last=”no” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” border_position=”all” border_size=”0px” border_color=”” border_style=”” padding=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ class=”” id=””][fusion_text]

    [contact-form-7 id=”6642″ title=”Online Enquiry”]

    [/fusion_text][/fusion_builder_column][fusion_builder_column type=”1_4″ last=”yes” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” border_position=”all” border_size=”0px” border_color=”” border_style=”” padding=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ class=”” id=””][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

  • Testimonial: Belinda tried and failed for 12 months before finding MyCRA Lawyers to help her fix her bad credit

    [fusion_builder_container background_color=”” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”” padding_top=”20″ padding_bottom=”20″ padding_left=”0″ padding_right=”0″ hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][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”][fusion_text]Here’s the video testimonial we got today from Belinda Smith who had a very hard time.
    She was trying to get Veda Advantage, The Office Of The Information Commissioner and the Creditor themselves to remove the default but with zero success.

    She had given up.

    Click the video below to hear her story. (There are captions if you can’t hear it where you are now…)

    [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container background_color=”” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”” padding_top=”20″ padding_bottom=”20″ padding_left=”0″ padding_right=”0″ hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][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”][fusion_youtube id=”1H6BzcOwcmw” width=”600″ height=”350″ autoplay=”no” api_params=”” class=””/][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container background_color=”” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”” padding_top=”20″ padding_bottom=”20″ padding_left=”0″ padding_right=”0″ hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][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”][fusion_text]Here’s the transcript…

     

    Hi, my name is Belinda.

    I have recently had a default lifted from my name by MyCRA Lawyers.

    We went for a bank loan, and it got rejected because of the default. I rang the company that placed the default to see if this was true and in fact it was.

    I spent the next 12 months, making phone calls, emails, contacting Veda, contacted the Australian Information Commissioner in Sydney – nobody could help. I could note get my default lifted – we had given up hope.

    Our financial broker suggested that we gave MyCRA Lawyers a call. I cannot express my gratitude to the team at MyCRA Lawyers. They’re understanding.

    Graham Doessel, the CEO of MyCRA Lawyers, rang me many times, discussing my default, and when that phone call came from him personally, to say that my default had been lifted, I can’t express my emotions at that moment. There were tears, there was laughter, there was – it was just an overwhelming feeling. So I would like to say thank you, for all their hardwork.

    If you need a lawyer for any reason, or a default or any other reason you might need a lawyer, give MyCRA Lawyers a call. See if they can help.

    But I would just like to say a big thank you. Thank you for helping us, and thank you for letting us, now we can move on. So thank you.

     

     

    If Bad Credit is still making your life difficult and you want help removing it, Call MyCRA Lawyers now on 1300 667 218[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container background_color=”” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”” padding_top=”20″ padding_bottom=”20″ padding_left=”0″ padding_right=”0″ hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][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”][fusion_text]Click the play button below to hear the (slightly edited) version of the phone call between Graham Doessel and Belinda Smith as Graham tells Belinda that her default has been removed.

     

     

    Congratulations Belinda… 🙂

    [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_2″ last=”no” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” border_position=”all” border_size=”0px” border_color=”” border_style=”” padding=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ class=”” id=””][fusion_imageframe lightbox=”no” lightbox_image=”” style_type=”none” hover_type=”none” bordercolor=”” bordersize=”0px” borderradius=”0″ stylecolor=”” align=”none” link=”” linktarget=”_self” animation_type=”0″ animation_direction=”down” animation_speed=”0.1″ hide_on_mobile=”no” class=”” id=””] Belinda Smith 5 star Face Book review[/fusion_imageframe][/fusion_builder_column][fusion_builder_column type=”1_2″ last=”yes” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” border_position=”all” border_size=”0px” border_color=”” border_style=”” padding=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”” animation_speed=”0.1″ class=”” id=””][fusion_imageframe lightbox=”no” lightbox_image=”” style_type=”none” hover_type=”none” bordercolor=”” bordersize=”0px” borderradius=”0″ stylecolor=”” align=”none” link=”” linktarget=”_self” animation_type=”0″ animation_direction=”down” animation_speed=”0.1″ hide_on_mobile=”no” class=”” id=””] [/fusion_imageframe][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

  • Email Campaign – 16 July 2015 -Veda Advantage issued a notice…

    Recently, (11th May 2015) Veda Advantage issued a notice to it’s subscribers that they would no longer be removing Court Judgments when a Notice Of Discontinuance is filed.

    [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”]

    Ve Da Judgment rules have changed
    Ve Da Judgment rules have changed

     

     

     

     

     

     

     

     

     

     

    HOW DOES THIS AFFECT YOU AND/OR YOUR CLIENTS

    If you use a credit repairer that is NOT a Law Firm, there is a very strong chance they will not fully understand the intracies and legal ramifications of having the Judgment removed.

    Can you and your reputation really afford to take the risk?

    Call MyCRA Lawyers now on 1300 667 218 for a no obligation chat.

    By the way, here’s a short video showing you how easy it is to refer a friend or your client online right now… (Has subtitles in case you’r speakers don’t work)

    [/fusion_builder_column][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”]

    How to refer a friend or client with MyCRA Lawyers online referrer form
    How to refer a friend or client with MyCRA Lawyers online referrer form

     

     

     

     

     

     

     

    Kind regards
    Mycra Lawyers

     

    Graham Doessel
    Chief Executive Officer

    [/fusion_builder_column][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”]

    GD-passport-style
    GD-passport-style

     

     

     

     

     

    Tel: 1300 667 218

     

     

     

     

    Did you see the Mike Goldman (From Big Brother etc.) Testimonial?

    Watch the Mike Goldman Video here (Has subtitles in case your speakers don’t work)

    [/fusion_builder_column][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”]

    Mike Goldman thanks MyCRA Lawyers
    Mike Goldman thanks MyCRA Lawyers

     

     

     

     

     

     

     

     

     

     

     

    Call Mycra Lawyers now on 1300 667 218 if you need to imagine how relieved you’ll feel when you see yourself with  a clean credit rating and your broker or bank says “APPROVED” – You just might think to yourself how glad you are that you decided to choose Mycra Lawyers.  Call now – 1300 667 218


    We now have a direct dial number for Accredited Brokers     [/fusion_builder_column][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”][]  (also, have you spoken to Gerard McDonald yet?  He is ex Liberty, understands what you need as a broker and is 100% focused on helping you settle more deals –  call him on 0438 744 278 or email him at GM@mycralawyers.com.au)

    With close to 3.4 Million bad credit listings on more than 16.5 Million credit files in Australia, it’s not surprising that brokers come face to face with clients credit file defaults every single day and with the GFC and tightening lending criteria, it seems to be getting harder and harder to be a broker.

    Picture this…

    You have a client contact you, it’s a straight forward deal, sweet, this one will go towards this month’s mort.gage payment… then out of the blue, the client says, “that default on my CRA won’t make any difference will it?” (If they tell you at all)

    Your heart sinks… you think to yourself,  “why couldn’t they have told me at the start…”

    You know that the default has seriously limited the number of lenders that will even look at the deal let alone approve it…

    I’m sure the above scenario is one that all too many brokers have seen in the past. And all too many Brokers have had no where to go… The deal was lost and the commission was gone…

    All that hard work for nothing… Oh well, at least you found out early in the piece…
    Recently a solution popped up…

    How about removing the default from the clients Credit File…

    And you can make a few bucks as well… (But more about that shortly..)

    Mycra Lawyers is not just another ‘wannabe’ that says a lot but does very little…

    Mycra Lawyers puts its money where its mouth is… and with a 91.7% hit rate, we can afford to.

    Historically, up-to 91.7% of all Credit file repair applicants achieve a positive outcome.

    We believe this is the best strike rate in the country we recently cleaned up a credit file in just 18 minutes.
    But hold on, there is a hitch, before reading any further, We need to make sure you qualify…

    • Are you a Broker?
    • Do you still actively submit deals?
    • Have you ever lost one due to defaults?
    • Do you want more deals to settle?

    If you answered YES to all 4 questions then read on..

    %%First Name%% if you counted up how many deals you’ve lost due to bad credit, and then added up the commission that’s not in your pocket because of it, don’t you think you deserve to have Mycra Lawyers as an option to help your clients? (and you)

    Here is what one broker has had to say about the process:
    ________________________________________________

    Hi Guys,
    Please use this to help convince more brokers to get credit files fixed.
    Happy to help in any way I can.
    If other brokers only use you once a month they could add thousands to their bottom line every year..

    Thanks heaps for the help

    Pete.

     

    “These guys really help us brokers especially as we seem to come up against a credit impaired client at least once a week.

    One of my clients recently wanted to re-finance and went to the NAB, they told him he had a $4,127.00 paid default that he knew nothing about.  He also had a court Judgement from 2005.  Funny enough, they said no.

    As it happens, the client had a dispute with a creditor, he won the argument and paid the bill and was unaware that the creditor had listed him on his CRAA.

    When I got the client, he told me about the CRAA and we talked about getting it fixed.  We did the numbers and it made good financial sense.  If we could get him placed as nonconforming, the rate would be much higher and the LVR much lower…  Getting his CRAA fixed was a lot better solution.

    I have now settled on this deal.  The client is very happy with his standard rate and I got paid too. ($843,214.00 Re-finance)”
    PS VIC

    _________________________________________________

    More and testimonials referrals 
    and video testimonials

    _________________________________________________
    Check us out at www.mycralawyers.com.au, then call Mycra Lawyers now on 1300 667 218
    (Or direct on 07 3124 7133) or
    email info@mycralawyers.com.au for more information.

    If you would like to jump the queue and get straight down to it.. so you client is automatically tagged to you as their broker

    Help your client understand our process, send them through and we’re on our way to getting another deal settled for you.

    Once you are comfortable with who we are and what we do, I can talk to you about the referral program that could see you making or passing on to your client up to 7.34% of your clients total professional fees on each credit file repair.

    Thanks for taking the time out of your busy schedule to read this.

    Please come back to me personally if you have any questions.

    Kind regards
    Mycra Lawyers

     

     

    Graham Doessel
    Chief Executive Officer
    Tel: 1300 667 218[/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

  • Nov 2014 UPDATE – 4BC MyCRA’s Graham Doessel and Privacy Commissioner Tim Pilgrim Interview

    Below is the original story and where Graham Doessel and Tim Pilgrim were both interviewed on Brisbane’s 4BC Radio

    Well a lot has changed since then and one of the biggest changes is the move away for the ludicrous listing a client if they are one day late to the not quite so idiotic listing of a client if they are just 14 days late in making a payment.

    Do you have a bad credit rating now as a result? Are you sure? Do you want to to make sure?

    to get a free copy of your:

    • Veda Advantage Credit Score
    • Dun & Bradstreet Credit File
    • Tascol Credit Report
    • Experian Credit Rating

    Another change in the legislation that you probably already know about is that a Bankruptcy only stays on your credit report for 5 years now and not 7…  Great news for those doing it tough…

    Call MyCRA Lawyers now on 1300 667 218

     

     

    ORIGINAL UPDATE – (The day after the interview)

    Yesterday, Graham Doessel, founder and CEO of MyCRA Credit Rating Repairs was interviewed along with the Privacy Commissioner, Mr Timothy Pilgrim on 1116 News Talk 4BC.

    4BC MyCRA and Privacy Commissioner Interview

    Graham took calls from listeners and explained what Will and Will NOT happen as a result of the new Credit Laws.

    Privacy Commissioner Tim Pilgrim argued that adding a listing of every client even one day late is GOOD for credit reporting as…[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”][]

     

    Click HERE to read the original story

    Then, Grab a FREE copy of your credit files

     

     

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  • Credit law series: Bad credit mistakes in Australia

    bad credit mistakesIn this credit law series, we look at bad credit mistakes. Do you have a bad credit rating and don’t know why? Have you had bad credit placed on your credit file you don’t agree with? You are not alone. Possibly millions of people in Australia have a bad credit rating, and many people are unaware they have black marks against our name until we apply for credit and are flatly refused. We look at the ins and outs of bad credit mistakes and what you can do about them.

    By Graham Doessel, Non-Legal Director of MyCRA Lawyers www.mycralawyers.com.au.

     

    What is a bad credit rating?

    ‘Bad credit’ in Australia is generally credit listings such as defaults, writs, Judgments or Bankruptcies recorded against your name on your credit file by a Credit Provider.

    Most of these listings can make it very difficult to obtain credit for 5 years for defaults and up to 7 years for bankruptcy. This can affect many major areas of your life such as buying a home, taking out personal loans for vehicles, business loans and in many cases even credit cards and mobile phone plans.

    Currently, most of the major banks are rejecting home loan applications where the credit history shows a default listing (an overdue account which has lapsed past 60 days). Many lenders are even rejecting loans for excess credit enquiries such as two in thirty days or six within the year.

    How common are bad credit mistakes?

    There are over 16.5 million credit files for ‘credit active’ people, held by the major credit reporting agencies in Australia; Equifax (Formerly Veda Advantage), Dun & Bradstreet, Tasmanian Collection Service. (16.5 million credit files are held by Equifax (Formerly Veda Advantage) alone).
    Unfortunately, there are no current statistics on the number of credit mistakes which occur on Australian credit files.

    But to give you some idea, in 2004 the Australian Consumer Association (now Choice) conducted a survey which revealed 34% of the credit files of the people surveyed possibly contained errors.

    Most people that query Credit Providers and credit reporting agencies about their bad credit – especially where there’s a default, are told that the listing can’t be removed but can be marked as ‘Paid’ if the account was settled.

    This is often not good enough if you need to use credit over the next 5 years (which is almost everyone nowadays).

    What sort of bad credit mistakes are disputable?

    You should know that any credit listing which you believe is inconsistent, unfair, or incorrect can, and should be disputed. Credit rating mistakes could be anything from the credit listing placed by your Credit Provider on the wrong credit file; to the basis of the credit listing being unfounded; to incorrect notices being provided to you; right through to system errors and incorrect spelling, to name a few examples.

    How do I repair my bad credit rating?

    One important aspect to disputing a credit listing in Australia (also known as credit repair) is to remember is that we usually only get one chance at clearing our credit file.

    Sometimes we can attempt to deal with Credit Providers to remove the credit rating default ourselves and can do more harm than good by not understanding the legislation. This is where a firm focused on credit law can help.

    What does a credit law firm do?

    Disputing (or repairing) a credit file involves reviewing documentation– including the credit file and all the circumstances surrounding the default, writ or Judgment.

    Then the credit repairer negotiates with the creditor who initiated the listing on your behalf to remove the default.
    This can also often involve lengthy requests and submissions of documentation until an agreement is reached by the creditor and the repairer to remove the offending black mark.

    Not every credit file is suitable for credit repair. The credit repair company can review your situation and determine whether your case is worthy of pursuing.

    How do I seek out the best firm for repairing my bad credit mistake?

    Credit repair with a law firm solely focused on credit law is arguably the safest choice for credit repair in Australia. The process of credit repair is often attempted by companies without a legal practising certificate.

    Some of these companies can charge big bucks to perform the service for you. Some in the ‘credit repair’ industry may also claim to give quasi-legal or legal advice without adhering to the restrictions of the law.

    A credit reporting lawyer can act in court processes; identify legal issues; provide legal advice; prepare binding agreements; conduct formal negotiations and follow through with enforcement where necessary.

    A credit reporting lawyer can also make formal recommendations to Credit Providers making reference to the law, and make representations on behalf of clients.

     

    Click here to find out more about how MyCRA Lawyers can help you with your bad credit mistakes.

  • Credit reporting in Australia – your questions answered

    credit reportThere are some credit reporting changes just arrived which may affect you and your ability to get a home loan, a car loan or any other type of credit. Obtaining credit in Australia may be a little different from now on, as since March 12 Australia has stepped into a comprehensive credit reporting regime. We feel it’s important to educate consumers about credit in Australia, so we look at the credit file basics, and what you should know about taking on credit in Australia.

    By Graham Doessel, Non-Legal Director of MyCRA Lawyers www.mycralawyers.com.au

    We answer your basic questions about credit reporting in Australia…

    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 tarnishing your credit rating. Your repayment history may also be considered ‘bad’ credit if you have too many late payment notations against your name.

    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: Equifax (Formerly Veda Advantage) – which holds the credit file of over 16 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 your credit file. If a bill of $150 is more than 60 days late (including rates, power, and mobile phone bills) then a credit provider has the right to notify you of their intention to record this default on your credit file. Even if the account is paid and noted on your file, this default usually remains on your record for 5 years.

    In addition to this, if you are more than 5 days late repaying your credit card or loan account – you may also have a late payment notation recorded against your name.

    To find out more about credit reporting, you can visit our main site www.MyCRA Lawyers.com.au

    If you want to know more about bad credit, look out for our next post where we answer common questions about bad credit, and what you can do if you wish to dispute an adverse credit listing.

    Image: Pong/ www.FreeDigitalPhotos.net

     

     

     

  • Know about your credit score before you buy a home.

    Media Release

    buy a homeKnow about your credit score before you buy a home.

    27 March 2014

    A massive overhaul of Australian credit reporting law now means big brother is watching you like never before, and a consumer advocate for accurate credit reporting says there are some actions you should take now to minimise your risk of being locked out of a home loan.

    On March 12, Australia moved to ‘comprehensive credit reporting’ when amendments to the Privacy Act had final implementation.

    Mr Doessel, Non-Legal Director of MyCRA Lawyers, a firm focused on credit disputes, says new information about your credit habits is now open to prospective lenders who check your credit score.

    “More credit information unfortunately means there’s more reason for lenders to say no to your home loan application or to increase the interest rate offered,” Mr Doessel says.

    Recent statistics from credit reporting bureau Veda Advantage reveal 80% of Australians have never checked their credit history and 53 per cent were not aware that they could ask for a copy of their credit file.

    Mr Doessel says “with over 16.5 million consumer credit files held by Veda Advantage alone, we’re talking millions of Australians who may be at a disadvantage under the new laws through simple lack of education.”

    To help promote understanding of our new laws Mr Doessel identifies seven key points which you should be aware of, especially if you intend to buy a home over the next few years.

     7 credit score health tips

     1. Repay all accounts by the due date -especially your credit card and loan accounts. Any time you are more than 5 days late paying your credit card and loan accounts, a notation can be made in your ‘repayment history’ and remains there for two years. If payment on any credit account over $150 (including telco and energy bills) is more than 60 days overdue, you can have a default applied against your name which has a five year ‘shelf-life’.

     2. Repay more than the minimum amount on credit cards. You don’t want to unknowingly end up in arrears and with a late payment notation against your name because you didn’t pay enough.

    3. Be careful with the amount and type of credit you apply for and use. Too many credit accounts and cards could reduce your score, even if you’re not using them. Also restrict the type of credit you apply for. Too many ‘alternative’ or high interest accounts could see you with a lower score. Reducing your number of credit enquiries is also a good idea.

     4. Ask for help if you need it. If you have circumstances which mean you temporarily can’t make repayments on time, contact your Credit Provider as soon as possible – preferably before your accounts are overdue. You can ask for a financial hardship variation to help ease the burden while you get back on your feet.

     5. If you disagree with an account or bill – act quickly. The earlier you can get to the bottom of an unfair bill the less likely it could impact your credit file. If the Credit Provider ends up listing the account on your credit file as either a late payment or a default, you can ask the credit reporting bureaus to list the bill as disputed on your credit file while you sort it out.

     6. Check your credit score. This is available once a year at no charge from Australia’s credit reporting bureaus – Veda Advantage, Dun & Bradstreet and TASCOL (if in Tasmania). You can also pay to have them sent the same day. Try sites like www.freecreditrating.com.au. You’ll see whether you’ve got any black marks and also whether you’ve been the victim of fraud or identity theft. Veda Advantage also allows you for a fee to see your Vedascore.

     7. Dispute errors as soon as possible. Creditors can and do make mistakes. If you find something on your credit file you don’t agree with – get it sorted out. You can ask the credit reporting bureau which holds the listing to identify it as disputed, and then go about fixing the problem.

    There are avenues you can source to dispute your own listing. You can also seek out external help from a third party such as a lawyer focused on credit law, or a credit ‘repairer’.

    Mr Doessel recommends those who use a credit repairer to do their homework to avoid getting ripped off.

    /ENDS.

    For interviews and more information please contact:

    Graham Doessel – Non-Legal Director MyCRA Lawyers Ph 3124 7133

    Lisa Brewster – Media Liaison MyCRA Lawyers media@mycralawyers.com.au Ph 3124 7133

    www.mycralawyers.com.au www.mycralawyers.com.au/blog

    MyCRA Lawyers 246 Stafford Rd, STAFFORD Qld Ph 07 3124 7133

    About MyCRA Lawyers: MyCRA Lawyers is an Incorporated Legal Practice focused on credit file consultancy and credit disputes. MyCRA Lawyers means business when it comes to helping those disadvantaged by credit rating mistakes.

     Link: http://www.veda.com.au/sites/default/files/images/ycai_launch_infographic_final_190913.pdf

    Image: Stuart Miles/ www.FreeDigitalPhotos.net

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  • Credit reporting and the year ahead

    credit reporting and the year aheadSome significant changes will be appearing this year due to Australia’s credit reporting legislation overhaul in March. These changes could impact all Australians, and especially those involved in the credit industry…Find out the 5 significant changes we’ll be watching in 2014, and decide what action you need to take for your business or for your own finances.

    By Graham Doessel, Non-Legal Director MyCRA Lawyers

    Are you ready for the year ahead in credit reporting?

    Below is my guest post in The Adviser this week ‘Credit reporting and the year ahead‘ .

    In this post, I discuss the 5 big changes we’ll be watching closely in 2014.

     

    Credit reporting and the year ahead (The Adviser)

    13 January 2014 | Graham Doessel

    2014 will bring some heavy changes to Australian credit reporting following the implementation of the Privacy Act 1988 (Cth) Amendments in March.

    What are the 5 big changes that we’ll be watching closely this year which could impact all involved in the credit industry?

    1. Repayment History Information (and specifically ‘late payment’ notations).

    The introduction of repayment history information (RHI) to Australian credit reports means there is going to much more data available to lenders in which to make their serviceability calculations from.

    One of the pieces of credit reporting data which could be a deal breaker for many prospective borrowers – is any late payment notations. Separate from defaults, a consumer’s RHI will show any late payments made on licenced credit – e.g. loans and credit cards and the date the payments were made.

    That information has been collected from December 2012 – but largely consumers are unaware of this important change. From March this year, it will show up on consumer credit reports across the country – and it will be interesting to see how many people have these new notations against their names.

    It remains to be seen how lenders will treat this information (as all serviceability calculations are so subjective), and precisely how the information will impact credit worthiness.

    We don’t know yet how many days late will be too late, and we won’t know this information until a new Credit Reporting Code of Conduct is registered. It has been proposed a repayment more than 5 days late will see you with one of these notations against your name.

    Another uncertainty is how many will be too many and mean the lender’s computer says ‘no’ or the lender’s computer says ‘yes’ but at a higher interest rate.

    2. New obligations on credit reporting bureaus

    With the registration of a new Credit Reporting Code of Conduct (CR Code), will be a new requirement on credit reporting bureaus such as Veda, Dun & Bradstreet, Tasmanian Collection Services and new entrant Experian, to audit the compliance of credit providers.

    The new CR Code requires CRB’s to monitor credit providers, and to determine those that pose the greatest risk of non-compliance with their core obligations under the Privacy Act. The Code determines these “at risk” credit providers would be subject to audits.

    We will be interested to see precisely how this obligation is metered out to credit reporting bureaus, and whether an independent overseer will be appointed to ensure objectivity. We hope this change will improve the accountability of credit providers. We also hope it will solidify the two entities as being ‘separate.’ We have found in the past during credit disputes, a client-type relationship tends to exist between agency and credit provider, at the exclusion of consumers.

    Further to this, it was proposed in the draft Code of Conduct, that CRB’s should also publish on their website an annual report by 30 June each year outlining information relating to credit report correction. The information would relate to the number of correction requests received, the number of successful correction requests, and the number of complaints received.

    This information has previously never been supplied to the Australian public from our credit reporting agencies (because there has never been a requirement to). If implemented as part of the new CR Code, this information will give Australia a much more accurate picture of the depth of credit reporting issues as they exist.

    3. The ‘open’ credit score

    Currently, Australia’s largest credit reporting agency, Veda is offering consumers the opportunity to purchase their ‘Veda score’ so they can see the number that lenders have been able to see when requesting credit information from Veda.

    With the Privacy changes will bring an obligation on those agencies providing a credit score, to provide information on how it is calculated. Veda has made moves to do this already.

    In addition to Veda, U.S. giant ‘FICO’ has said it would also like to offer open credit scoring to the Australian public.

    FICO currently offers its data analytics services and credit scoring to lenders for internal use in Australia, and has been doing so for many years. It is reportedly used in 90% of consumer lending decisions in the U.S.

    So if it does provide an alternative to Veda’s “VedaScore” it will be interesting to see the differences in the scores, and which one is more accurate reflection of lender serviceability calculations.

    4. “Improved” ability to correct consumer credit reports

    Creditors can and do make mistakes when placing listings on credit files, and the onus is on the consumer (or someone acting on their behalf) to identify and address those inconsistencies.

    But up till now, it has very much been a case of David and Goliath – with some consumers finding they are lumbered with listings that just shouldn’t be there due to not having the extensive skills and knowledge required to address their complaints in the appropriate way.

    The new laws around complaints correction have promised to streamline the correction and complaints process for credit reporting as well as force the credit provider to justify credit listings and actually substantiate the information it reports on credit files.

    These are significant changes which we look forward to putting into practice on behalf of the many clients we act on behalf of in credit dispute cases.

    5. New powers for the Privacy Commissioner

    New Privacy Laws provide that civil penalties can be issued by the Privacy Commissioner for a breach of certain provisions of the Privacy Act, and including the Credit Reporting Code of Conduct. They can also be imposed for serious or repeated breaches. These can be up to $220,000 for an individual or $1.1 million for an organisation.

    Finally there is some real incentive for credit providers to take due care with adding listings to credit files. The Privacy Commissioner has said he will not be taking a soft approach when it comes to breaches of the Privacy Act, and we will be watching with interest to see if this also applies with the same gusto to credit reporting breaches covered under this legislation.

    All in all, this year could bring some really positive changes to Australia’s credit system, but with it will be some teething problems resulting in confusion for some consumers. If nothing else, there’s going to be some really interesting times in credit reporting, and in finance in the months ahead.

    ________________________________________________________________

     GD COLOUR HEAD SHOTGraham Doessel is the Non-Legal Director of MyCRA Lawyers.

    MyCRA Lawyers advocates for individuals in matters of credit file dispute.

    An early pioneer in credit repair, over recent years Graham has become a frequent consumer spokesperson for issues impacting credit reporting, and is the Secretary and Spokesperson of the Credit Repair Industry Association of Australasia (CRIAA).

    Graham also founded and is the Non-Legal Director of Armstrong Doessel Stevenson Lawyers.

     

  • 5 credit accidents you want to avoid this Christmas.

    Media Release

    credit accidents5 credit accidents you want to avoid this Christmas.

    17 December 2013

    Australians must put credit issues on their radar to ensure a bad credit rating is not the surprise they get this Christmas season, warns a consumer advocate for accurate credit reporting.

    Credit repair pioneer Graham Doessel, who is now Non-Legal Director of MyCRA Lawyers – a firm focusing on credit disputes, says too many Australians are kept in the dark about their credit file, but anyone who intends to borrow money in the next five years should make it their business to prevent simple accidents from hurting their credit rating.

    “I fear many people are unknowingly making mistakes with credit right now, which will see them locked out next year,” Mr Doessel says.

    Back in September, Credit reporting agency Veda Advantage published results of a survey showing that 80 per cent of Australians have never checked their credit history and 53 per cent were not aware that they could ask for a copy of their credit file.(1)

    Mr Doessel says these statistics are severely worrying and show too many consumers are unaware of how important their credit file can be for lenders making financial decisions.

    “There are no class lines, whether rich or poor if your credit file is ‘impaired’ by negative notations, your ability to obtain credit will be affected or the interest rate you are offered will be higher,” he says.

    “I would like to say it is always cut and dried – don’t pay, get bad credit but in reality it’s not that simple.”

    There are number of ways you can make mistakes and end up paying dearly for it. Over the Christmas period the risks can be higher.

    Mr Doessel covers the 5 major credit accidents at Christmas time:

     1. Accidental late payment.

    Right now, if you make a payment late on licenced credit (being loans, credit cards and other finance) – the information is being recorded. You may not intend to actually default on your loan – but Christmas can be a busy time where payments can get overlooked by a few days. Don’t let this happen to you. After March next year, late payment information will be available to lenders on your credit report and will stay there for 2 years. So don’t put off paying your credit card after Christmas pay on time every time to make sure your credit rating isn’t impacted.

    2. Accidental default.

    If you happen to unknowingly let any bill (including your phone bill or Energy account) slip into default – (more than 60 days overdue) a default listing will be recorded against your name. You may have the funds to pay, you may have simply overlooked the account – but your credit file will carry that default listing for 5 years – and most times you will be refused mainstream credit because of it. So if you plan to go away for Christmas, make a plan to ensure all of your bills are organised prior to leaving.

    3. Being careless with your personal information.

    Scammers are out in full force at Christmas, but often people are too busy to take care with their personal information. Credit cards are used more frequently and at a variety of locations; we’re being encouraged to sign up for free giveaways; we’re giving out more details online – but you must consider the risks to your credit rating. If fraudsters are able to access your personal details they have the key to your good credit rating. They can run up credit all over town. Often it’s not until victims apply for credit in their own right and are refused because of defaults that they realise their credit file has been misused.

    4. Not forwarding new information to old Creditors during moving and transfers.

    Christmas and New Year is a very common time for transfers and other work changes to occur that could see people moving interstate. A change of address is a very common reason bills go unnoticed – along with warning notices and the result is a bad credit rating that may not be detected until you actually apply for a home loan. Before you go, tie up all loose ends at your current address, ensuring all changes of address and accounts are settled and confirmed in writing to avoid being blacklisted for credit.

    5. Overlooking errors and omissions from Creditors.

    Even creditors are affected by the silly season -with staff busy and preoccupied. The volume of transactions may increase while staff decrease, putting stress on the Creditors’ systems. For this reason it is crucial for you to keep watch on your own finances. Check your bank statements and bills at this time. Keep abreast of which bills are due and when. If you don’t receive a bill, chase it up. Busy people make mistakes – don’t let them make it with your credit rating.

    You can check what is currently reported about you at www.freecreditrating.com.au.

    Mr Doessel says education is the key to ensuring less people are making mistakes with credit. More information on credit reporting in Australia can be found at the Office of the Information Commissioner’s website www.oaic.gov.au. MyCRA also provides up to date information on trends and issues in credit reporting impacting consumers www.mycra.com.au/blog.

    /ENDS.

    Please contact:

    Graham Doessel – Non-Legal Director MyCRA Lawyers Ph 3124 7133

    Lisa Brewster – Media Relations media@mycra.com.au

    www.mycra.com.au www.mycra.com.au/blog

    MyCRA Lawyers 246 Stafford Rd, STAFFORD Qld Ph 07 3124 7133

    MyCRA Lawyers is an Incorporated Legal Practice, focused on credit file consultancy and credit disputes. We mean business when it comes to helping those disadvantaged by credit rating mistakes.

    (1) http://www.veda.com.au/sites/default/files/images/ycai_launch_infographic_final_190913.pdf

    Image: Naypong/www.FreeDigitalPhotos.net

     

  • Widespread education campaign needed to save Australian credit ratings.

    Media Release

    repayment historyWidespread education campaign needed to save Australian credit ratings.

    4 December 2013

    A consumer advocate has welcomed Australian Retail Credit Association (ARCA) plans to educate consumers about new credit laws, but says full and immediate help from other key players within both the finance industry and government is essential to reach the millions of Australians whose credit ratings are currently at risk.

    Credit repair pioneer Graham Doessel, who is now Non-Legal Director of MyCRA Lawyers – a firm focusing on credit reporting law – says the powers that be have failed to ensure consumers were educated about new credit laws which are impacting them now.

    “From December 2012, information about consumer repayment history to licenced creditors – which includes credit card and loan repayments have been recorded – and the details of any repayments made past the due date will show on credit files as of March 2014,” Mr Doessel says.

    He goes on to say, “There has not been enough education to date about this important change, and possibly millions of Australians who have not been diligent with making payments by the due date could be affected.”

    The extent of consumer ignorance on new credit laws has been acknowledged by the Australian Retail Credit Association (ARCA), who announced last week they were developing a website aimed at helping consumers better understand credit reporting.

    ARCA’s own research revealed 59 per cent of people had not heard of the term “credit reporting.” Credit reporting agency Veda Advantage also recently published results of a survey showing that 80 per cent of people have never checked their credit history and 53 per cent were not aware that they could ask for a copy of their credit file. (1)

    ARCA’s chief executive, Damian Paull told Banking Day that ARCA’s new website, which he hopes to launch in the New Year, will explain the changes to the credit reporting system; explain how people can get access to their credit files; go through the issues that contribute to a good or bad credit report; and detail the financial hardship obligations of credit providers. (2)

    Mr Paull said ARCA members would be encouraged to provide links on their websites to the new site.

    Mr Doessel says ARCA’S approach – whilst positive, needs more than ‘encouragement’ – but massive national assistance to appropriately address the magnitude of the problems potentially facing Australian consumers.

    “With over 16.5 million consumer credit files held by Veda Advantage alone, we’re talking millions of Australians who need to be reached to prevent lax repayment habits impacting their future.”

    “The fact of the matter is – many Australians outside finance circles don’t know ARCA, let alone what comprehensive credit reporting is,” he says.

    He recommends both the financial sectors and the appropriate government bodies take up the education campaign.

    “I would like to see plans to incorporate a brief warning statement, plus direction for where consumers can go for further information on many standard Government letters such as Centrelink, Department of Transport and Australian Tax Office correspondence, in addition to warnings on all licenced credit statements,” Mr Doessel says.

    About MyCRA Lawyers    : MyCRA Lawyers is an Incorporated Legal Practice focused on credit file consultancy and credit disputes. MyCRA Lawyers means business when it comes to helping those disadvantaged by credit rating mistakes.

    /ENDS.

    Please contact:

    Graham Doessel – Non-Legal Director MyCRA Lawyers Ph 3124 7133

    Lisa Brewster – Media Relations     media@mycra.com.au

    www.mycra.com.au  www.mycra.com.au/blog

    MyCRA Lawyers     246 Stafford Rd, STAFFORD Qld Ph 07 3124 7133

    (1) http://www.veda.com.au/sites/default/files/images/ycai_launch_infographic_final_190913.pdf

    (2) http://www.bankingday.com/nl06_news_selected.php?act=2&selkey=15884


    Image: David Castillo/ www.FreeDigitalPhotos.net

  • Australians on ‘credit-collision course’ without better education.

    Media Release

    credit collision courseAustralians on ‘credit-collision course’ without better education.

    15 October 2013

    A consumer advocate for accurate credit reporting hopes the introduction of a public scoring system from Veda Advantage will be the catalyst to boost dangerously low credit awareness and reduce the likelihood of credit disasters following the implementation of new Privacy Laws next year.

    Graham Doessel, CEO of credit repair company MyCRA says the Veda credit score is calculated from interpreted data at Australia’s biggest credit reporting agency, Veda Advantage – and has up till now been used by many lenders to assess credit worthiness.

    “This information is now available to consumers, and this is a positive step in terms of transparency,” Mr Doessel says.

    “But what I am most hoping will happen, is that more Australians will find this new number an easy and attractive starting point to finding out more about managing their own credit-worthiness.”

    He warns if we don’t facilitate credit-savviness now, possibly millions of Australians could be severely disadvantaged come March 2014 when new data sets are available on Australian credit reports.

    “The need for knowledge is going to be greater next year, as more people are going to get caught out with a bad credit score, and be scratching their heads to understand why,” he warns.

    Recently Veda Advantage released results of its analysis of 300,000 VedaScores with consumer research of 1,000 Australians, and found that an astounding 80% of people had never accessed their credit report.

    “…despite 15% of Australians being at risk of a credit default being recorded on their credit report in the next 12 months, considerable lack of awareness exists about what a credit history is, or how a poor credit report can impact chances of getting credit from lenders,” Belinda Diprose, Veda Marketing Manager says.

    Mr Doessel says it demonstrates an alarming rate of ignorance in the community.

    “It’s not really the fault of consumers. In my opinion there has not nearly been enough emphasis on public credit education right across the board up until quite recently,” he says.

    Mr Doessel says there are some important basics about their credit rating that Australians should know.

    5 Things You Need To Know To Manage Your Credit Worthiness.

    1.  You don’t have to pay to see your credit file, just your credit score.

    In most cases you can access your credit file for free annually from all of Australia’s credit reporting agencies, and this will remain at a standard 10-day issue from receipt of application. It is important to apply for your credit file with each credit reporting agency – as you may have defaults with only one company. They are: Veda Advantage, Dun & Bradstreet, Tasmanian Collection Services, and Experian.

    2. Your credit score rates you based on other credit-active Australians.

    Your credit score based on Veda data will be available to you when you pay to see your VedaScore with your credit report, via this particular credit reporting agency. Veda Advantage holds roughly 16.5 million Australian credit files – so the data should be quite predictive of your overall credit worthiness in comparison to other credit-active Australians. If you are applying for credit in the near future, this credit score could be important to know.

    3. There are several factors that make up your credit-worthiness.

    Items such as negative credit listings (defaults, Court Writs, Judgments and Bankruptcies); number of credit enquiries and the type and size of credit requested in your past application can all impact your credit worthiness.

    But there are other pieces of information about you which also have a bearing on your credit score – including your address; your age; how long you’ve lived at your current address; any business directorship or partnership you have, and the address of the business and length of time there.

    Information on the VedaScore calculation can be found on Veda’s website.(1)

    4. There will be more factors affecting your credit-worthiness next year.

    As of March 2014, there will be 5 new data sets available on Australian credit reports, and this data will be used in any credit score calculation.

    They are: repayment history information; the date on which a credit account was opened; the date on which a credit account was closed; the type of credit account opened; and the current limit of each open credit account.

    5. Late payments will impact your credit file.

    You will still be defaulted if you are more than 60 days late in making repayments to any Credit Provider, but in addition if you are more than 5 days late paying a licenced Credit Provider, you will be issued a late payment notation and this will show on your credit file from March 2014.

    Repayment history information applies to credit such as loans and credit cards and is being collected NOW. Too many late payments will more than likely reduce your credit score significantly.

    Mr Doessel says better credit education should eventually lead to fewer inconsistencies in credit reporting.

    “Credit rating errors are quite common, and the onus of ensuring the credit file is accurate rests with the consumer – so better education across the board could result in more errors being ironed out in the credit reporting systems,” he says.

    /ENDS.

    For interviews please contact:
    Graham Doessel – CEO Ph 3124 7133

    For media enquiries please contact:
    Lisa Brewster – Media Relations media@mycra.com.au

    Ph 07 3124 7133 www.mycra.com.au  www.mycra.com.au/blog

    MyCRA Credit Repair 246 Stafford Rd, STAFFORD Qld

    MyCRA is Australia’s number one in credit rating repairs. We permanently remove defaults from credit files. CEO of MyCRA Graham Doessel is a frequent consumer spokesperson for credit reporting issues and is a founding member of the Credit Repair Industry Association of Australasia.

    (1) http://www.veda.com.au/yourcreditandidentity/check/vedascore/how-my-vedascore-calculated

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