Vatselia Pty Ltd set’s the bar for consumer and commercial credit repair, raising the industry standards for ethical and practical credit restoration.
Credit defaults will stay on the credit file for five years and unknown to common belief, paying the debt does not remove it. The consequences of having bad credit can result in severe financial hardship, incredibly high-interest rates and sometimes not even be able to obtain the essentials like a new mobile phone contract or utilities.
The circumstances around getting bad credit can vary from moving address, lost mail, relationship break-ups, financial hardship and disputed invoices. The good news is that bad credit can be removed, and this is regardless of if the account is outstanding or paid, this is achieved by stating the legislation the company had breached before it was listed against you.
1 in 4 Australians do struggle with obtaining a reasonable interest rate due to having a low credit score, and this is usually as a result of a negative listing being recorded upon their credit report. Unknown to common belief, paying the debt does not remove the default listing. Default listings can be removed but only by validating a breach of the Privacy Act 1988 and the Credit Reporting Code of conduct before the default was entered. I’ve helped thousands of Australian’s obtain finance by re-instating their lending capacity after successfully removing commercial defaults, consumer defaults, court Judgements, Writs and Summons. So this is where my expertise and commitment could assist with regaining back your financial security.