The dark side of comprehensive credit reporting

What can we learn from the UK’s experience of comprehensive credit reporting? In March 2014, Australia introduced comprehensive credit reporting, a regime that was established in the UK, USA and other countries over 10 years ago. The change sent shivers up my...

Why I love doing credit repair

The other day I was thinking about why I love doing credit repair and got to the nub of it by talking it over with my partner. I love doing credit repair because it helps one consumer or company at a time get back on a good financial track. There is a bank of stories...

Credit repair company fires back at COSL

The credit repair industry has fired back over a COSL release threatening to stop dealing with them. The Credit Ombudsman last week announced it was proposing to no longer deal with representatives of consumers – namely credit repair companies – “who...

Is credit repair ethical?

Last week, I had a revealing discussion with a broker about assisting a client with a default on his credit file. The broker said, “I don’t believe you can do this”, to which I replied “Do you believe it can’t be done or do you think we shouldn’t be doing this for...