Credit Repair Sydney
Trusted Credit Repair in Sydney
If you’re living in Sydney and struggling with a bad credit score, we can assure you that you’re not alone. Between mortgage rejections and difficulty securing car loans, having poor credit can massively impact your everyday life — especially in a city with a high cost of living. As the experts in credit repair Sydney trusts, our team is here to help you restore your financial health. Thanks to decades of experience in the business, we have an array of tried and true credit repair methods at our disposal. From default removal to debt negotiation, CR Solicitors will employ legal means of repair to boost your credit score.
Local Statistics: The Impact of Bad Credit in Sydney
Your credit score is a numerical expression of your ‘credit risk’ — which is another way of saying how likely you are to pay your bills on time. The higher your credit score, the less risky it is for lenders to provide you with credit. Your credit score is based on your financial history: have you had loans before, and how reliably did you make payments on those loans?
The Average Credit Score in Sydney
The average credit score in NSW is 846, which is the same as the national average. NSW’s average score is lower than that of many other states in Australia. For example, Victoria’s average credit score is 862, and Tasmania’s average is 858.
This may be partly due to Sydneysiders’ local financial challenges, such as property prices and a high cost of living.
The Impact of Low Credit in Sydney
Sydney property prices are high — and they just keep climbing. With this in mind, many Sydneysiders feel pressure to enter the property market as soon as they can (before their dream home becomes out of reach). However, good credit is essential if you’re looking to secure a mortgage. Home loan rejection rates have hit a high in Sydney, with 40% of applications being denied. If you have a low credit score, lenders will consider you a bad risk, and you’re much less likely to secure a mortgage as a result.
In addition to poor credit, there are two other key reasons lenders might knock you back: a high debt-to-income ratio and insufficient income. If you already have debt (car loans, credit cards, etc.), a lender may believe you won’t be able to support any additional loans. Insufficient income to service a mortgage is common in Sydney, where the median property price is $1.6M. Work out how much you can borrow with our mortgage calculator.
Poor Credit Affects Rental Applications
Like lenders assessing borrowers, landlords have a vested interest in only leasing to reliable tenants. As your credit score indicates how likely you are to pay your bills (and pay them on time), many real estate agents will check your credit score as part of an application process.
If you, like many other Sydney residents, are a long-term renter, a poor credit score can still derail your living situation. Don’t forget that having ‘no’ credit can be just as damaging to your chances of securing a lease as bad credit.
Why CR Solicitors Are the Credit Repair Experts Sydney Trusts
We didn’t set out to become the industry leaders in credit repair — we just worked diligently for our clients, making sure to deliver the best possible outcomes. Our success is a natural consequence of the exceptional results we achieve for our clients.
Unlike other credit repair companies, CRS gets you a dedicated solicitor working on your matter — not a generic consultant. We have the legal qualifications and expertise that effective credit repair requires.
We offer personalised help tailored to the financial needs of Sydney residents. It starts with a free, no-obligation consultation. We’ll assess your situation before taking on your credit repair project, and our team will be honest about whether we can help. That’s why we can offer an unbeatable satisfaction guarantee for your peace of mind.
Enjoy no sneaky additional fees. CRS boasts the lowest fees in the industry and offers free credit reports and scores. After all, you want credit repair to save money, not spend it! There’s no better credit repair service in Sydney.
Start Your Credit Repair Journey in Sydney Today
Don’t let your credit score keep you awake at night. Banish the anxiety and start repairing your credit with CRS. With our personalised and legally backed service, you can feel confident that you’re getting the best credit repair in Sydney. Our solicitors can give you the expert financial resources and information you need — from easy interest-only calculators to tips on improving your credit score. This is the credit repair Sydney trusts for a reason! Get your free, no-obligation consultation today.