New service targets time-poor brokers

A new credit repair company, which aims to help brokers avoid wasting time on loan applications that are likely to be rejected, has entered the mortgage industry. Credit File Experts (CFE) obtains and assesses Veda credit files for consumers and companies, providing a...

I don’t want to blow my own trumpet, but…

It is not cool in Australia to blow your own trumpet, right? But what do you do when you know certain competitors are failing to do proper investigations for their clients with credit impairments and your company continually picks up the pieces? To be frank, I am...

Is a payday loan ever a good idea?

I am working on a case at the moment where a gambling addict got small loans from Nimble and got into dramas with them. Gambling addiction is a shame-based addiction where impulse control is inhibited around gaming. If a payday loan turns sour it can be listed on a...

Credit Savvy nowhere near as savvy as Veda

Recently a broker sent me, for the first time, a free Credit Savvy report for one of his clients (with permission of course). Credit Savvy is a joint venture of Aussie Home Loans and Experian, the multinational credit reporting agency behemoth that has been operating...

Client ready and willing, but are you able?

Exploring France’s Champagne region recently after an Australian friend was married there, I was reminded of the effect that Napoleon had on the common people of France. On many street corners, statues, plaques, and memorials mark the sites of victorious battles and...

Providing the right advice for a debt agreement

Let me start by saying I am not advocating that debt agreements are bad for everyone. What I am saying is that some companies who also sell credit repair – and I’m sure some that do not – are giving bad advice about debt agreements because they make good money out of...

The cost of a poor credit rating

Recently one of our clients had triplets. They were only planning one baby, but three were conceived naturally and they already had another young child. Sam, a young dad still in his 20s, urgently needed a new car to accommodate his expanding family, but when he...