Many Australians are unaware of the importance of their credit score when it comes to applying for a home loan.
Before buying a home, having existing debts such as car finance and student loans is perfectly normal and quite common. Banks factor in these debts when assessing your ability to repay a mortgage, which may result in you being approved to borrow slightly less than if you had no debt at all. The point is though, that approval is still generally possible.
However, if you have credit defaults and negative listings, it can be harder to get a home loan and we will sometimes recommend that our customers repair their credit scores before applying for a mortgage.
Credit defaults and negative listings are the most common credit errors that exist on credit reports in Australia. Credit repair companies, such as Clear Credit Solutions, are experts in helping borrowers clear these issues from their credit files.
Clear Credit Solutions offer full-service solutions for removing negative listings from your report with a 100% refund guarantee on all work completed. They don’t charge per listing, which means you won’t pay more than necessary even if there are multiple errors.Their friendly team is standing by 24/7 so you can call them at 1300 789 783 or fill out the contact form on their website if you’d like to see how they can help!