If you are finding it difficult to get credit, think twice before paying for the services of a company that claims they can "repair" your credit report/history. Some companies claim to be able to remove negative information from your credit report and charge you to do so. This can often cost over $1,000.
If you have inaccurate information on your credit report you can lodge a correction request with the relevant credit provider or credit reporting body and they will investigate for free and correct the information if it is inaccurate.
Equifax will not remove information from credit reports unless that information is erroneous. The fact that information is inaccurate or wrong does not mean it must be deleted. If it can be corrected, it will be corrected but not deleted.
If there is information on your credit report that needs correcting please go to personal credit repair or business credit repair.
What to do if you have been declined credit
January 2016If you have been declined credit it can be a frustrating experience. Here are three simple steps you can take to find out why and to make improvements to apply in the future.
What goes into a personal credit report?
February 2016Do you know what your credit report contains? Here we outline what is included in a personal credit report.
Understanding the new credit reporting system
March 2014Comprehensive credit reporting changes mean consumer credit reports can now include ‘positive’ credit information such as if you make your credit card and loan repayments on time. Previously personal credit files could only hold ‘negative’ information like credit enquiries (applications) and defaults.
Why is it a good idea to keep an eye on your business' credit file?
May 2015Many credit providers rely on business credit reports to aid their decision making when assessing applications for credit.
Managing credit history for small businesses
June 2015Anyone could potentially start up a small business - but not everyone who does will necessarily be financial experts.