Default Removal

Welcome to CRS – Australia’s Largest & Most Trusted Credit Default Removal Firm.

Do you have a low credit score? Are you finding it difficult to seek finance or get a low-interest loan because of a paid or unpaid default? At CRS, our credit default removal services can help you achieve your financial and personal goals.

If a default in your credit report has lowered your credit score, you might benefit from our credit repair services.

We may be able to remove a paid or unpaid default from your credit file/credit report where the creditor has failed to comply with the legislative requirements or mistakenly reported a default against an individual.

Every scenario is different and that is why we provide AN OBLIGATION FREE CONSULTATION. We can clear credit defaults irrespective of whether the default is paid or unpaid. You will truly be surprised how we can assist.

If the default is unpaid at the time of your no obligation consultation, we may be able to negotiate with the creditor and reduce the debt at no extra charge. all whilst getting the default removed, even if it was your debt.

If the default is unpaid at the time of your no-obligation consultation, we may be able to negotiate with the creditor and reduce the debt at no extra charge — all while getting the default removed, even if it was your debt.

We have a 96% success rate for the matters we accept. Our team has many years of experience in this specialised industry and we are confident in our ability to achieve results for our clients.
We’re also able to assist with any entry or listings on your credit report, in addition to credit default removal. If you’ve been more than 14 days late paying a bill our late payment removal services can aid in removing the listing. In some instances, we’re also able to assist you with a judgment on your credit report including enquiry removals.

The laws governing credit reporting can often be a complex and confusing labyrinth of rules and procedures. Our expert team will handle your matter efficiently, ensuring you obtain the best outcome possible at at a competitive fixed-fee service

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Defaults we Remove on a Daily Basis

Why Trust CRS?

Committed to providing excellent levels of service to our clients
Thousands of Australians assisted in your same situation
Specialists Lawyers in Credit reporting, credit repair laws and credit restoration
Fixed-fee service
Satisfaction Guarantee
Gold members of the Law Society, and accredited with the Australian institute of Credit Management and AFCA

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A message from our Principal Solicitor

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If you want to feel satisfied like Bryce does, contact us now to get started or call 1300 004 912 for a no-obligation consultation

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The Impact of Clearing Defaults on Your Credit Report

Removing a default from your credit report can significantly improve your credit rating. A default on your credit rating indicates that you’ve missed payments on a debt for 60 days or more, which negatively impacts your ability to secure loans, mortgages, and other forms of credit. When you clear a default on your credit report, it no longer appears on your credit file, leading to an immediate boost in your credit score. This improvement in your creditworthiness can open doors to better interest rates and loan terms. By working to clear defaults on your credit file, you ensure that your financial history reflects a more accurate and positive view of your repayment behaviour, making it easier to gain approval for future credit. At Credit Repair Solicitors, we specialise in helping you clear credit defaults, ensuring that any default in your credit report is addressed, giving you a clearer path to financial freedom.

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FAQ

What is a credit default, and how does it affect my credit score?

A credit default occurs when a payment on a debt is 60 days overdue or more, and the lender reports this to a credit reporting body. The main credit reporting bodies in Australia are Equifax, illion, and Experian. When a default on your credit report is listed, it becomes a black mark on your credit history, significantly lowering your credit score. This can make it difficult to apply for credit, as lenders view you as a higher risk. Even if you pay the overdue amount, the default remains recorded on your credit report, impacting your credit rating for years. Credit Repair Solicitors can help ensure that paid or invalid defaults are removed from your credit report.

How to get a default removed from the credit file?

Credit default removal is possible under certain circumstances, such as if the default was listed in error, if you weren’t given proper written notice, or if the debt has been settled. Lenders and creditors need to meet the below criteria amongst others items before they report your default to a credit reporting body:

The payment has been overdue for at least 60 days
The overdue amount is equal to or more than $150
Written notice has been sent to your last known address/contact details to let you know about the overdue payment and requesting payment
A second notice was sent at least 30 days later to let you know that if you don’t make a payment the credit provider intends to disclose the information to a credit reporting body
The credit provider waited at least 14 days after issuing the second notice before listing the default.
The credit provider hasn’t waited more than 3 months after issuing you with the second notice to list the default.

If the lender hasn’t complied with these requirements the team at Credit Repair Solicitors can likely have the associated default removed from your file. To remove a paid default from a credit file, you may need the negotiation experience of a credit default removal agency in Australia. It’s crucial to ensure that any overdue amount is paid and that your credit file reflects the accurate status of your debts.

How long does a credit default stay on my credit report?

In Australia, a credit default will stay on your credit report for five years from the date it’s listed, even if the overdue amount is paid. (This is not to be confused with late payment information, which stays on your credit for two years, even if the debt was paid). During this time, the default will continue to affect your credit rating, making it harder to apply for credit. The impact diminishes over time, but it remains a significant factor in your credit history for the full duration. Regularly checking your credit report can help you stay on top of any black marks or errors that might be recorded on your credit file.

Can a credit repair agency help in removing a default?

Yes, a credit repair agency can assist with default removal in Australia. Credit restoration services, such as Credit Repair Solicitors, have the expertise to navigate the complex process of credit default removal. Additionally, we are sending legal correspondence to creditors so it is stronger all at a competitive fixed-fee. We can help ensure that any default on a credit report is accurately listed, and we can remove a paid default from a credit file. We do this by negotiating with creditors or disputing errors with the credit reporting body. If you’re looking for credit default removal services, engaging a professional agency can be a valuable step towards improving your credit score and restoring your financial health.