A Simple Way to Repair Your Credit

A Simple Way to Repair Your Credit

Hi there, 

I recently got knocked back for a credit card and found out there’s a black mark on my credit file from a telco bill I thought I’d paid years ago. It’s really stressing me out!  Is it worth going to a credit repair company who can help get it off for a fee?

Renae

Hi Renae,

Don’t you dare go anywhere near these scumbags.

I trust credit repair companies less than I would a labrador guarding a sausage.

Case in point: I once had a client who was knocked back for a loan because of some very old marks on her credit file that hadn’t dropped off for some reason. She went to a credit repair company and they charged her $458 a fortnight (via direct debit) and promised to “clean her credit file”.

And guess what happened next?

Not a hell of a lot.

By the time she made it to my desk , she’d paid the credit repair firm over $6,000 … and there were still bad marks on her credit file, (yet they kept on assuring her they were making “good progress”).

With one phone call and a follow up email I was able to speak to the lender, argue her case, and get her credit file cleared.

Total time? 

15 minutes.

Total cost?

Zero. 

That’s what financial counselors do, and we do this work for free. Call the National Debt Helpline 1 800 007 007.

Scott