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defaults on a credit report

Your credit report’s a history of your dealings with banks and financial institutions, as well as credit card, phone and power companies.  It’s all sunshine and lollipops if you pay on time; not so if you default. If you’ve got financial skeletons in your closet in the form of defaults, they may show up on your credit report, affecting your ability to secure finance for years to come. Luckily, there are a few things you can to help your situation if you have defaults on a credit report.

 

Credit reports and how they’re created

Credit reports are compiled by credit reporting bodies (CRBs).  They get the information from banks, building societies, utilities companies (such as gas, electricity, water) and telecommunications companies.

Your credit report shows loans and credit cards you’ve applied for, finance you’ve obtained and your track record of paying phone and utilities bills. It also contains a record of any loans or [...]

NEED SECOND CHANCE FINANCE? YOU NEED TO READ THIS!

Need a second chance? Learn how the right finance broker can get you that chance!
Second Chance Finance

So, you’ve got your heart set on a car, a holiday…maybe something bigger?  You need a loan or finance to make it happen.  You’re sitting there nervously tapping your foot, waiting for final approval from the bank. Approval never comes. We hate to break it to you, but you’re on the banking and finance version of Tinder and they’ve just swiped left.  You’ve exhausted all other avenues and your final option is second chance finance.  Here’s what you need to know to play it safe if you’re heading down the path of second chance finance.  Spoiler:  It’s not hopeless.  We help plenty of clients secure finance after having a rocky credit history.  The issue is that the wrong finance broker could send you deeper into your financial hole and make it so much harder to climb back out.  It all comes down to getting the right loan through the right source.

Second Chance Finance

Second [...]

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