Latest Credit Repair News

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'They're robbers': Debt management firms leaving clients worse off
When Cathie and Demetrio Scarfone applied for a bank loan and were knocked back, they were shocked. They soon discovered incorrect credit default listings against their names. In haste, they filled out an online "credit repair" form to have their names …
Read more on Sydney Morning Herald

How will my credit rating affect me when I apply for a job?
Two methods are recommended for credit repair: do-it-yourself and professional repair agency. Familiarize yourself with some of the laws that surround credit repair companies. The Credit Repair Organizations Act was drafted to protect you, the consumer …

ASIC shines a light on 'opaque' credit repair industry
ASIC described debt management firms as businesses that target consumers in financial hardship by promising to clean and repair their credit report, develop and manage budgets, negotiate with lenders and advise and arrange formal debt agreements.
Read more on Mortgage Business