Credit Simple
If you have a bad credit history or don’t have a clear score, you may be wondering if you can still be approved for a credit card. But how can you achieve a clear score and be sure you’ll get the green light? Getting approved for a card with a low credit score The good news is that credit card companies are often willing to approve your application when you are trying to get a credit card with bad credit.…
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Credit card usage has become ubiquitous worldwide, even among those who want to get a clear score. In Australia alone, we have accrued around $32 billion in credit card debt to date. Statistics also show that from 2010 to 2017, the average credit card purchase went up from eight purchases a month to 13. With the increase of credit card usage in Australia, there has also come additional stress. The Australian Securities and Investments Commission (ASIC) conducted a survey about…
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Looking for a clear score but wondering if a payday loan could stop you from getting one? Payday loans became prevalent as quick fixes for Australians in the 1990s, responding to the need for small, personal loans that banks and credit unions would no longer provide. Payday loans were frequently offered to people with bad credit or who didn’t have clear scores, making the loans even more ubiquitous. A small payday loan can be up to $2,000 and has a…
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Welcome to Credit Simple. If you’re reading this blog, chances are you’ve found your way here after asking a search engine if our business is legitimate. Indeed, we’ve had some pretty bad reviews on sites such as ProductReview.com.au. So we thought we’d give you the low-down on myths and truths about our business, credit scores, and your rights and privacy. I think your business is a scam and you’re ‘phishing’, or conducting identity theft None of the above. Credit Simple…
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Are you thinking about taking the next big step in your life and applying for a home loan? Buying your own property is a major part of becoming financially stable in the future, because you have a huge investment as a part of your portfolio. However, if you don’t have a clean credit report, you could find it difficult to get favourable terms on your mortgage. When a lender looks at your application for a home loan, they’ll consider more…
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Are you finding your credit card debt racks up quickly every month, no matter how much you try to pay off? If you don’t have the right sort of account, or a limit set too high, it can be easy to blow your budget on a purchase you really don’t need. Adding debt to the point where you’re unable to repay lenders can affect your credit report. When you can’t pay what you owe, a default will be marked against…
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How regularly do you check your credit report? If you don’t know what’s on it, there’s a chance you could have defaults against your name that shouldn’t be there. A credit report will show you what loans you’re missing payments on, either because someone has taken out a fraudulent loan in your name or you forgot about a loan you’d taken out. There’s a lot of crucial information on there, and lenders use the document to find out about what…
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Everyone knows someone who has been a victim of fraud. It can be a total nightmare when a cybercriminal has dipped into your bank account, stolen your credit card details or taken out credit in your name. In the short term your credit score is going to take a dip because you can’t simply delete it. Don’t despair, however. You’re not the first person in this situation and it can be ironed out. There are a number of different types…
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We know your new girlfriend or boyfriend wants to go out every Friday. Even two drinks each, some snacks and an Uber ride home could set you back $50. It’s dead easy to blow $100 if you throw food in as well. What’s more, dating can send your credit score south. Fast. Let’s say you spend $150 a week going out, $300 a couple of times a year on a weekend away, $200 on his/her birthday, and flowers or chocolates…
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If you’re on the verge of a serious financial problem, you need to act quickly. Going bankrupt or having multiple defaults listed on your credit report can severely impact your future ability to take out a loan or open a new line of credit. Lenders will look at your financial past, see that you’ve been unable to handle your finances, and potentially refuse your application. Examples of a major financial misstep include going bankrupt, failing to repay multiple debts over…
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