How to Fix A Bad Credit Rating

Bad credit can affect your ability to borrow, and even cause issues getting a phone plan and connecting utilities. Below are steps you can take to improve your credit history.

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A bad credit rating has an impact on your ability to borrow money from traditional lenders. However, there are a number of things you can do to fix your bad credit rating.

Heavy debt can be solved with debt consolidation

Here are some ways to fix A Bad credit rating:

View Your Credit Report to Correct Any Mistakes

Contact the Australian Lending Centre – we can help you obtain a copy of your credit file. Once you have your credit file, you can see if any credit reporting agencies have made any errors by placing a black mark on your name. Sometimes this can happen when a name is misspelled (and black marks are incorrectly assigned to you instead of somebody else). 

You can challenge credit listing errors and in doing so, and can help to fix a bad credit history.

If you need a bad credit loan, a certified specialist at Australian Lending Centre can give you the information you need to see if one of our bad credit loans is right for you. Contact a specialist today.

View Your Credit Report to Correct Any Mistakes
Pay Off Your Debts – Especially Those Included on Your Credit Report

Pay Off Debt – Especially Those on Your Credit Report

A bad credit history can’t be repaired with black marks and outstanding defaults on your credit file. If you are struggling to pay off your debt, talk to the specialists at Australian Lending Centre. We can negotiate with your creditors or help you enter into a debt agreement, to pay off your debts over time. If you are unsure of what needs to be done to fix your bad credit rating, speak to a credit repair specialist. Alternatively, we can discuss your options if you are looking to instead obtain a bad credit loan.

Cut up Your High Interest Credit Cards and Store Cards

Credit cards and store cards are one of the quickest ways to get a bad credit rating.

When you miss a few months of payment, your credit card provider can place black marks on your credit report which can take years to be removed.

Credit card debt is one of the most common way to get into credit difficulties. Many people relying on credit cards in times of financial stress, when they don’t have sufficient cash available to finance their desired lifestyle. Even when credit cards are paid off, it is really easy to reach their credit limit again. 

With notoriously high interest rates, credit card debt and store cards can be a real trap to lowering your credit score. One of the best options is to simply cut up your credit cards and stop spending, which can be the first step to fix a bad credit rating. This means changing your spending habits slightly, for example, using a debit card instead of a credit card, and living within your means.

This may help you prevent another infringement or black mark leading to a bad credit rating. 

Cut up your credit cards
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What to Do To fix a bad credit rating?

Bad credit history will usually mean that traditional lenders see you as a credit risk and therefore, it will be more difficult to obtain finance. However, the Australian Lending Centre can provide support to those seeking bad credit loans and find the most competitive interest rate with the best terms of repayment available. We can even discuss how to fix a bad credit rating. 

Our Bad Credit Score Loans

For more information on bad credit loans, view our bad credit loans page or contact the Australian Lending Centre today.