Credit Repair

Many Australian's are red-flagged for not paying utility bills, skipping loan repayments or being made bankrupt.

The defaults are listed when a payment of $100 or more is at least 90 days overdue. They stay on file for five years and can make getting new credit a nightmare.

You could be experiencing the words "Sorry, you got a default" when they get rejected for a phone contract, or small loan. Often these default listings have not been correctly placed, or there is a legal question mark over some aspect of the listing. Sometimes there was simply a good reason why a bill wasn't paid.

The message is: There 'is' room to talk with your creditor.

For credit repair help