Posts Tagged :

credit score

Credit Simple launches Clear Name, a way for people to clear outstanding defaults at a discount

Today we announced we’re launching Clear Name, a sister business to Credit Simple, which is going to give Aussies a way to clear outstanding defaults at a discount. Clear Name is an Australian first, and it’s designed to give people a chance to pay off unpaid defaults online and at their own discretion. People will be able to access Clear Name through Credit Simple. We reckon Aussies deserve the best shot at living a healthy financial life, so we’re calling…

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The 2016 Census results are in: How do we look?

Census 2016 made its fair share of headlines. From #Censusfail, to the ensuing Senate Committee hearings, to the thousand and one think pieces breaking down everything that happened – more people probably talked about the Census itself than actually participated. But on June 27 this year, the Census data was finally released – and it provides a unique snapshot into living in Australia. From cultural makeup to credit scores to cars we own: mistakes on the night aside, the Census…

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What can your credit report influence in your personal life?

How regularly do you check your credit report? If you don’t know what’s on it, there’s a chance you could have defaults against your name that shouldn’t be there. A credit report will show you what loans you’re missing payments on, either because someone has taken out a fraudulent loan in your name or you forgot about a loan you’d taken out. There’s a lot of crucial information on there, and lenders use the document to find out about what…

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Are credit repair companies effective? Here’s what you need to know about credible credit repair

So your credit score is shot. And you need to borrow money, open a utilities account, or rent a home. If only you could repair your credit. Chances are you’re at your wits’ end and don’t know what to do. It feels unfair that your old defaults are holding you back. Credit repair is possible (sometimes). But beware of the credit repair industry. They can promise a lot but deliver – well, not very much.  Their services to offer to…

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Will closing my credit cards hurt my credit score? Consider this first

You’d think closing off credit cards or other accounts would boost your bankability in the eye of providers. The reality is that sometimes it can do exactly the opposite. Closing off some accounts after paying down your debt may actually lower your credit score. Take mortgages for example. It would be natural to think that clearing your home loan would improve your credit score. But hold that thought. One of the lesser known things that could hurt your credit score…

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Debunking 5 of the most common credit myths

Where do you get your credit score information? According to Australian Securities and Investments Commission (ASIC) research, many of us rely on less-than-authoritative sources. Their Financial Behaviour and Attitudes tracker found that just over a third of us use bank websites for information on financial products (while definitely authoritative, they may not be independent). Around one-fifth rely on friends and family, while only 10 per cent (roughly) use a professional financial adviser. When it comes to your credit, it pays…

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Nine ways to sabotage your own credit score

I’m working hard to improve my credit score these days. In the past I was a bit of a bad boy when it came to paying bills – so I’ve been looking into what will kill your credit score, and fast. Real fast. But just so you know: a good credit score is 500 or more on the scale of 0 to 1,000. Most of us Aussies sit between 400 to 600. Over 800 is brilliant. Anything less than 400 is…

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Wanting to get a foot on the property ladder? Here are five strategies to help you get there

As a young would-be home buyer, it can be tough getting a foot (or even just a big toe) on the property ladder. To help set Aussies up for success, CreditSimple.com.au spokesperson Emily Price provides her top tips for first time buyers to get started. 1. Use your score to leverage a better deal “The first step is to check your score via CreditSimple.com.au. If it’s above 700, you’re an attractive customer and you should pick up the phone to see…

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Know your rights: What to do if you’re being chased by a debt collector

There’s nothing like owning a ferocious guard dog for dealing with debt collectors. Chomp, chomp, chomp. There goes the arm of that dastardly fella. Well, not really. Setting the dog on the debt collector isn’t going to solve your problems – it’ll just make them worse. Debt collectors don’t even taste that nice (or so we’re told). It’s easy to stick your head in the sand when you can’t (or forget to) pay a bill. But leaving all those envelopes…

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Queensland the place to be for young Aussies looking to get their first home, research shows

Young Aussies in Queensland are more likely to be in the market to own their own home than any other state, according to our research.  We’ve looked at mortgage application data (from January – June 2017) broken down by region, and it shows Queensland has the highest proportion (17 per cent) of mortgage applications among people under 30 in Australia, compared to making up only 15 per cent of all applications nationally. Queensland is followed closely by Western Australia (16 per cent)…

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