In a Nutshell: Many Australians suffer from poor credit scores, preventing them from accessing more favorable financial products and further straining their tight budgets. But, in many cases, a low score is directly influenced by errors on an individual’s credit report. Credit Fix Solutions specializes in resolving these issues and raising consumers’ scores in as little as a few weeks. Best of all, clients pay no fees until their reports are fixed and their scores rise. Consumers can also receive assistance with debt negotiation and settlement, and the Credit Fix Solutions site provides an abundance of educational materials to help Australians better understand and manage their personal finances. Through these services and resources, consumers can achieve and maintain better credit and enjoy an improved quality of life.
When Jasmin, a West Ryde resident and single mother, was trying to buy a house, a major obstacle stood in the way: her credit score.
Jasmin’s credit report listed a $33,000 default and another one worth $11,000. But Jasmin was able to get these removed from her report and raise her credit score in only six weeks after she found Credit Fix Solutions. In only a month and a half, Jasmin regained control of her financial situation, and she didn’t pay anything until her credit report was fixed and her score had jumped.
In Australia, two-thirds of the population are in similar situations: Bad credit is holding them back from the lives they want to lead. While credit scores aren’t static and can be improved through various means, fixing mistakes on a credit report can be both time- and labor-intensive. That’s why Jasmin sought help from the experts.
With 10 years in business and a team possessing 40 years of combined experience in credit reporting and finance, Credit Fix Solutions boasts a 97% success rate in helping clients improve their credit standing. And this hasn’t gone unnoticed.
The company was a finalist in the Western Sydney Awards for Business Excellence in 2015 and a finalist in the Excellence in Small Business in New South Wales regional awards in 2017.
One contributor to Credit Fix Solutions’ lofty reputation is its policy of charging clients only after their credit reports have been amended and their scores raised.
“CFS is the only no result, no fee credit repair company in Australia that is endorsed by the mortgage finance industry,” said Victoria Coster, CEO and Credit Repair Specialist at Credit Fix Solutions. “Most credit repair companies charge upfront fees, or they claim to offer no result, no fee but have hidden application fees.”
Except in a rare few especially complex cases, Credit Fix Solutions charges zero upfront fees, and there are no hidden fees for consultation and service. The consumer pays nothing until Credit Fix Solutions proves it’s cleared the problems from a credit report and improved the client’s score, which is a tremendous, mutually beneficial motivator.
Achieving Better Quality of Life Through Improved Credit
An individual’s credit score is based on the information found in his or her credit history. Negative marks in a report will lower a person’s score, imposing a variety of financial obstacles that strain budgets and impede their chance to improve their credit.
For example, a low credit score can prompt lenders to deny a borrower’s applications for car, home, and personal loans, all of which can be detrimental. Consumers with low credit scores may also have to endure higher interest rates on loans and credit cards, as well as higher insurance premiums. Additionally, a low credit score can prevent someone from renting an apartment or a house. And since many employers pull credit scores before making hiring decisions, an undesirable score can prevent job applicants from getting a job or moving up the professional ladder.
“An improved credit score has a huge difference on the financial freedom for families and businesses,” Coster said. A high score makes it easier to access more desirable credit cards and loans with better rates and higher limits. Good credit also means you won’t have to make security deposits on utilities or cell phone plans. And, most importantly, a healthy credit score reduces associated stress and brings a feeling of financial security.
But maintaining good credit means taking responsibility and diligently keeping up with your credit report. “Consumers should check their credit report and credit score on a regular basis to be confident that the contents are accurate,” Coster said. For Aussies who spot potential mistakes, Credit Fix Solutions is ready and waiting to lend a hand.
Raising Credit Scores and Eliminating Outstanding Debt
Credit Fix Solutions specializes in removing defaults and court actions from credit reports. It also offers debt settlement and negotiation services.
For debt negotiation and settlement, Credit Fix Solutions communicates with collection agencies on a client’s behalf so he or she won’t need to have any contact with the collectors. By acting as a consumer advocate, Credit Fix Solutions helps clients more quickly resolve their debt through negotiating settlements or vastly reduced interest rates.
Before taking on clients who need defaults and court actions removed from their credit reports, Credit Fix Solutions pre-screens their reports, looking for problems they can help address. Negative information on a credit report can’t be removed if it’s correct, but detrimental errors can be expunged to improve a score.
“Common errors can include, but are not limited to, warning notices being sent incorrectly, disputes not being resolved prior to a default listing, and insufficient financial assistance offered at a time of hardship,” Coster said.
For court action removal, Credit Fix Solutions negotiates with the plaintiff and drafts the necessary legal documentation on the client’s behalf. It will then action the removal with Equifax and illion and confirm the removal with the client.
For default removals, Credit Fix Solutions obtains account documentation pertaining to the default listing and scrutinizes the information for errors. If an issue is found, Credit Fix Solutions will contact the credit provider, which will, in turn, ask the credit reporting body to remove the listing.
Defaults can sometimes be removed in as little as a few days, depending on the situation’s urgency and the credit provider’s responsiveness. In most cases, the process takes four to eight weeks. So in only a month or two, Credit Fix Solutions’ specialized services can help clients enjoy improved credit.
Resources for Understanding and Managing Credit
Credit Fix Solutions recommends financial self-discipline and a solid strategy as the best means of improving a credit score over the course of a few years. But, to fix bad credit, the consumer must understand credit and how reporting works.
“Our vision at CFS is to educate consumers and finance professionals as much as possible when it comes to credit reporting,” Coster said. To advance this mission, Credit Fix Solutions offers consumers a range of educational material and opportunities.
On Credit Fix Solutions’ site, consumers can read Credit Repair Top Tips that explain credit scores and reporting, what affects a score, and how their score affects them. They can also download a free Credit Repair eBook, which includes information and tips on DIY credit repair, understanding credit repair services, and budgeting to avoid credit problems. The site also features an FAQ page that helps readers avoid credit repair scammers and prevent further damage to their financial health.
Coster takes a hands-on role, conducting in-person educational workshops and lectures. And, if you can’t make it to one of these, she contributes much of her know-how to the Credit Fix Solutions blog. There, readers can find advice and news articles pertaining to repairing credit and improving personal finance.
Removing Errors Can Reverse Your Fortunes
The inability to access financial products, like loans or credit cards, or having to bear the burden of high-interest rates can be a serious detriment to your financial livelihood. And, because of the prevalence of credit report errors, many consumers are in a worse situation than they should be.
Dealing with these issues may seem daunting, but Credit Fix Solutions has the expertise and experience to navigate the financial and legislative tasks required to address credit problems.
As it did for Jasmin and her daughter, Credit Fix Solutions can repair your report and raise your credit score, helping you get on a better path to financial well-being.