​Australians Urged To Check Their Credit History

Credit Repair Clinic is one of Australia’s leading credit repair companies and is urging Australians to check their credit history in response to the ABC’s ‘7.30 Report’ on errors in credit reporting company data bases.

Sydney, Australia – June 12, 2016 /PressCable/ —

The 7.30 Report highlighted a report by the Information Commissioner three years ago that found almost a third of people’s credit histories contained incorrect information. They also noted that every year, Timothy Pilgrim, Australia’s Privacy Commissioner receives about 500 complaints about credit reporting agencies and what they’re doing with private financial data.

Mrs Mary Trimarchi, principal of Credit Repair Clinic said,” Veda Advantage is Australia’s biggest credit reporting agency. It’s believed to hold files on about 20 million people. Every time you apply for a loan, a credit card, a utility or a phone and every time you don’t repay your debts, Veda and its rivals put it on your record. But often, they make mistakes. The importance of using a professional credit repair company to get these errors fixed cannot be emphasised enough.”

Every Australian, above adult age, has the legal right to check their credit records once a year without charge. Credit Repair Clinic encourages Australians to do this to ensure the extensive records on them are correct.

Veda Advantage, has been brought by the large US-based credit reporting multinational Equifax for $2.5 billion early this year. They told 7.30 Report that they operate within the Privacy Act and that mistakes are dealt within a strict time limit.

Mrs Trimarchi said, “Not many people know the benefits of having their credit history repaired. The savings can be significant. The interest rate difference between a good loan to someone with a good credit record and what is offered to a borrower with an impaired history can be in the order of 3%. This penalty margin equates to around $25,000 on a $100,000 loan when paid back over 10 years.”

For more information about Credit Repair Clinic and their services, please visit: http://creditrepairclinic.com.au

About Credit Repair Clinic Credit Repair Clinic is Sydney based and one of Australia’s leading credit repair companies. They only charge fees on a no win – no pay basis and their clients appreciate this transparency. Credit Repair Clinic ensures a comprehensive clean of the client’s complete credit record is achieved with all credit reporting companies and only then requests any payment.

For more information about us, please visit http://creditrepairclinic.com.au/

Contact Info:
Name: Mrs Mary Trimarchi
Organization: Credit Repair Clinic
Address: PO BOX 3044 Parramatta, NSW Australia 2124
Phone: +61 (02) 9890 2655

Release ID: 119129