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Credit Management available in Australia?
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Peddler
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PostPosted: Thu Jul 03, 2008 9:01 am    Post subject: Credit Management available in Australia? Reply with quote

Hi, I have to know about credit report maintenance. I have tried to find it but not found any relevant help. If anyone can help me please give your assistance to me. Thanks in advance.
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Mozish
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PostPosted: Fri Jul 04, 2008 4:10 am    Post subject: Credit Management available in Australia? Reply with quote

Yes, there are companies that offer such services and you can employ their services for credit report maintenance so that you can have a better understanding of the business in terms of financial matters.

Last edited by Mozish on Sat Jul 05, 2008 1:00 pm; edited 1 time in total
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Pauloz
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PostPosted: Fri Jul 04, 2008 8:58 am    Post subject: Reply with quote

peddler

Yep, the credit industry is alive and well and living in Australia. This is a basic site.

http://www.creditrepairaustralia.com/

You can see the basics. Australia has a massive personal credit industry, so big that private debt is now near historically high levels.

Credit ratings are a major deal in a mortgage prone country, as you could imagine. It's possible to affect your credit rating if rejected for an overdraft, for example.

Credit repair, debt consolidation, debt agreements, there's also a respectable sized industry gluing the pieces together. Bankruptcies have been going up in the recession backwash, and the whole messy process even has a Federal government agency called Insolvency Trustee Services Australia http://www.itsa.gov.au/ tidying up the wreckage. There's a pro forma process for insolvency, etc, all available on the legislation links.
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