How to repair your bad credit file.

November 9, 2017

Your Credit file….. it gives most anxiety thinking of it!

An unpaid Doctor’s bill that’s being sent to your old address, has you thinking you might not pay it.  That’s a little “win” for you – or is it?

You might get out of paying your doctor’s bill, but that doctor is probably going to register a ‘default’ on your credit file.

More and more people think they are being clever by not paying mobile bills, power bills and the like.  Every time you apply for finance or want to start up a new mobile phone plan, the lender or the mobile phone provider gets access to your credit file.

They are looking to see whether you have any unpaid debts that you thought you got out of paying. They can also see whether you are slow in making payments to your credit card or personal loan and they can also see whether you have completely defaulted on any loans.

A healthy/clean credit file is an extremely valuable asset, treasure it and do everything you can to keep it healthy and clean.

Once your credit file contains negative information about you, it becomes very difficult to get finance.  It’s unlikely that a bank is going to give you a home loan if you’ve got bad credit.  Sure there are lenders that will give people with a bad credit history a home loan, but you will probably pay an extra 2%-3% on the interest rate.  That’s going to cost you a huge amount more in interest each year.

And guess what?  Big brother is watching you even closer these days.  So not only will you get a black mark against your name for not paying a bill, you will also be penalised for being late in making repayments to your loans, or paying your phone or power bills late.

These credit file black marks can stay on your credit file for up to 7 years.  So that’s 7 years of explaining to the banks of why you didn’t pay your phone bill in 2017.

Protect your credit file and keep it squeaky clean.  Life’s much better with a healthy credit file.

Get a free copy of your credit file at

You may have paid your debt off but the black mark may be on file, its great to chase these lenders, creditors up so that they can take it off.


credit file






Written by Sebastian Scurria – Managing Director, Better Choice Mortgage Services.

Check out how to pay your loan off faster with one simple step. 


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