Credit Score

How To Fix Your Credit Rating? – 10 Secret Tips

personOtto Dargan access_timeJanuary 22, 2020

Looking for ways to fix your credit rating? Something that won’t cost you much more than — what you already owe — both financially and mentally! Credit rating, after all, is that one key factor, which determines whether you will be able to borrow from a prospective lender....

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Does A Higher Credit Score Mean Better Rates?

personOtto Dargan access_timeJanuary 7, 2020

Does your credit score affect mortgage rates? Yes. However, does a higher credit score give you better rates? No! If one borrower has a good Equifax credit score of 700 and another borrower has an excellent Equifax credit score of 900, both of them will likely qualify with the...

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How Do You Adjust To Comprehensive Credit Reporting?

personOtto Dargan access_timeDecember 13, 2019

Did you know following the introduction of comprehensive credit reporting, your credit score can drop by 22% following just one missed credit card repayment? – even if you’ve never missed any credit card repayments before this. Misconceptions surrounding comprehensive...

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Bad Credit Due To Death In The Family

personOtto Dargan access_timeMarch 28, 2019

An unexpected death in the family comes with considerable emotional distress and no one is fully-equipped to deal with it. Unfortunately, losing a partner that contributes to the household income can also result in financial difficulty, especially if there are children to take...

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NAB Moves Closer To Comprehensive Credit Reporting

personOtto Dargan access_timeFebruary 20, 2018

Borrowers will soon feel the power of positive credit reporting The National Australia Bank (NAB) is the first major Australian bank to begin using comprehensive credit reporting (CCR) but not just yet for home loan applications. Its system will be implemented for personal loans,...

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Challenging A Bank Valuation

personOtto Dargan access_timeSeptember 15, 2016

Are you unhappy with your property valuation? One of the leading valuation management firms has come out requesting that customers stop challenging their valuations. ValEx, VMS and other valuation companies that work with the major banks receive high numbers of dispute requests...

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Do You Have Bad Credit Due To Divorce?

personOtto Dargan access_timeDecember 7, 2015

Did you suffer credit damage due to a divorce and need a home loan? Have you been knocked backed for a mortgage even though you’re now trying to get back on your feet? Around 1 in 3 married couples get separated every year in Australia and it directly or indirectly leads to...

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Do You Have Bad Credit Due To Illness?

personOtto Dargan access_timeNovember 19, 2015

Do you have defaults on your credit file because you sustained an injury or fell ill and couldn’t keep up with your rent, bills and credit card repayments? Are you worried that the bank won’t accept your home loan application? The fact is, most banks will look at your application,...

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Don’t Let Bad Credit Stop You: Get A Great Interest Rate!

personOtto Dargan access_timeNovember 19, 2015

Normally, people with a bad credit history have to go to a specialist lender in order to get approved for a home loan. A specialist lender charges a higher interest rate, which can be anywhere between 2-4% higher than standard interest rates. While this may be the only option...

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Comprehensive Credit Reporting Is Here: Bad News For Borrowers?

personOtto Dargan access_timeJuly 30, 2015

One of the big four banks has flagged that it will start sharing much more information about customer accounts to credit reporting agencies as part of the so-called Comprehensive Credit Reporting (CCR) system from as early as August 2015. As more lenders get on board, it could...

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