Getting A Loan Declined

Is Frustrating

The biggest cost to banks, lenders and phone companies when they provide finance to their customers, is that people don't pay back the money they originally borrowed.

They are really scared about it!

It's true that when someone applies for credit, the bank or lender will check how much income that person makes, what savings patterns they have and what assets they have.

But by far the MOST IMPORTANT part that impacts someones ability to get a loan is their Equifax Credit Report and Credit Score. 

 

Like it or not, banks, lenders, phone companies and electricity providers share a persons financial information with each other.

All of this information is held in a database known as a Credit Report. 

Everyone who has ever applied for a loan, credit card, a lease, mobile phone contract or any other type of finance has a Credit Report.

In this Credit Report there is a three or four digit number that banks use to decide whether they will approve a loan or not...it's called a Credit Score.

For example and as a rule of thumb, if the Credit Score is above 950 (and the applicant meets all their other criteria) the loan is approved at the best interest rate available. If it's below that, then the loan will either be declined OR the lender will charge a higher interest rate.

The higher the credit score, the lower the interest rate.

Getting A Loan Declined Is Frustrating

Why Do Loans Get Declined?

The biggest cost to banks, lenders and phone companies when they provide finance to their customers, is that people don't pay back the money they originally borrowed.

They are really scared about it!

It's true that when someone applies for credit, the bank or lender will check how much income that person makes, what savings patterns they have and what assets they have.

But by far the MOST IMPORTANT part that impacts someones ability to get a loan is their Equifax Credit Report and Credit Score. 

 

Like it or not, banks, lenders, phone companies and electricity providers share a persons financial information with each other.

All of this information is held in a database known as a Credit Report. 

Everyone who has ever applied for a loan, credit card, a lease, mobile phone contract or any other type of finance has a Credit Report.

In this Credit Report there is a three or four digit number that banks use to decide whether they will approve a loan or not...it's called a Credit Score.

For example and as a rule of thumb, if the Credit Score is above 950 (and the applicant meets all their other criteria) the loan is approved at the best interest rate available. If it's below that, then the loan will either be declined OR the lender will charge a higher interest rate.

The higher the credit score, the lower the interest rate.

Even One Missed Payment Could

Affect Someones Credit Score

For Between 2 And 5 Years

Even One Missed Payment Could Affect Someones Credit Score For Between 2 and 5 Years

A Credit Score and Credit Report Is The 

Main Way To Decide If People Will Pay

A Credit Score and Credit Report Is The Main Way To Decide If People Will Pay  

Surprisingly allot more businesses and organisations look at someone's Credit Score and Credit Report than we realise. 

They use it to find out what type of person they are providing services to.

In our 17 years experience, we've seen a wide range use of this data:

❌ A new or current employer use it to see if they can trust people

❌ Insurers use it determine how risky of a customer they might be

❌ Landlords and real estate agents use it to determine if rent will be paid

❌ Telco's use it to decide if they will offer a mobile phone or internet contract

❌ Banks and lenders use it to decide if they'll approve a loan or how much interest to charge

Because of this, we think it's critical that everyone knows what's on their credit report before it's too late.

Bad Credit Costs People 

$1,000's Each Year

Bad Credit Costs People $1,000's Each Year

Up To 70% Of All Credit Reports And Credit Scores Have Errors!

Up To 70% Of All Credit Reports 

And Credit Scores Have Errors!

70% of the information listed on Credit Scores and Credit Reports has errors.

Everyone has a right to review the information on their Credit Score and Credit Report and get those errors fixed.

It's like pleading "not guilty" in court and getting released on a technicality.

At Credit Repair Australia, we help people to rectify errors and realise their financial dreams.

We have direct access to Equifax, Experian, Illion (the three major databases that hold Credit Reports and Credit Scores in Australia). 

This is the same access that the banks have, but our access doesn't affect anyones Credit Score.

We make it easy to compare Credit Reports and Credit Scores between all of the different databases. 

This will help identify areas that need action to repair bad credit and get finance approved.

Our friendly and experienced team will explain the Credit Report and Credit Scores one-on-one. This is perfect for anyone who wants personalised help to reach their financial goals.

We're experts in this field, no one has more experience in Australia. 

That's probably why we've been able to help more than 400,000 people.

How It Works

How It Works

How It Works

How It Works

Don't Just Take Our Word For It

Why Are We Doing This?

WARNING: This Is Not For Everyone

WARNING: This Is Not For Everyone

Repairing peoples credit score isn't for everyone. If you have unmanageable debt, are insolvent or considering bankruptcy, then we can discuss the other options that are more appropriate to help in those circumstances.