What is credit restoration? 

Are you struggling to take control of your finances? Have you been knocked back for a loan or finding it difficult to get a credit card because of bad credit? Credit restoration can help – Fix My Credit specialises in helping everyday Australians rebuild their credit, address negative items, and set themselves up for financial success. Let’s break down what credit restoration is, how it works, and why it might be the right solution for you.

Is credit restoration the same as credit repair?

It’s easy to assume that credit repair and credit restoration mean the same thing, but there’s a big difference. Credit repair is focused on identifying and correcting errors on your credit report, like inaccurate negative listings or duplicate accounts that could be unfairly affecting your score. It’s about cleaning up mistakes to give you a stronger financial standing.

Credit restoration, however, not only involves fixing errors but also works to rebuild your credit and improve your financial position. This can include negotiating with creditors, settling outstanding debts, and developing strategies to strengthen your credit profile over time. In short, while credit repair is about addressing past inaccuracies, credit restoration is about creating a more secure financial future.

How can credit restoration help you?

Your credit score has the capacity to impact so many aspects of your financial life. From home loans and car financing to credit card approvals and even rental applications, a poor credit history can make things so difficult.

Professional credit restoration allows you to: 

• Remove inaccurate or outdated negative items from your credit report.
• Improve your creditworthiness for future loan applications.
• Potentially secure better interest rates.
• Reduce financial stress and regain control of your financial situation. 

At Fix My Credit, we help you take the right steps to restore your credit and create a stronger financial foundation.

How does credit restoration work? 

Wondering how credit restoration works? It involves a few important steps:

Credit report analysis

First, we get a copy of your credit report from Australia’s major credit reporting agencies (Equifax, Experian, and Illion). We carefully review it to identify negative listings, errors, or inconsistencies that could be dragging down your score.

Disputing incorrect items

If we find incorrect or unfair negative marks, we work on your behalf to challenge these listings with the credit reporting agencies. This can include errors such as:

• Incorrect late payments
• Accounts you never opened
• Duplicate debt listings
• Outdated defaults
• Unfairly listed defaults

Negotiating with creditors

For legitimate debts, we can help negotiate settlements, repayment plans, or even debt removals in some cases. With debt negotiation, our goal is to find a solution that works for you and helps you move forward without unnecessary financial burden.

Who can benefit from credit restoration?

Credit restoration is a great option for anyone who: 

• Has been denied loans or credit cards due to a low credit score
• Wants to fix errors on their credit report
• Is struggling with past financial mistakes but wants a fresh start
• Needs to improve their credit for a mortgage or business loan

Whether you’re dealing with unpaid debts, defaults, or credit report inaccuracies, Fix My Credit can help you navigate the path to better credit.

How long does credit restoration take?

Every situation is different, and the timeline depends on the complexity of your credit history. Some people see improvements in just a few months, while others may take longer if they have multiple issues to address. At Fix My Credit, we work efficiently to get you the best possible results as quickly as possible.

Take control of your credit today

If your credit score is holding you back, don’t wait, the sooner you reach out to us, the better. Fix My Credit will guide you through the credit restoration process and help you regain financial freedom. 

Our team of experts knows how to navigate the credit system, dispute negative listings, and implement strategies to boost your credit profile. Contact Fix My Credit today!