Based on the
negative things they may have heard about credit repair
businesses, many people have a healthy dose of scepticism about
whether they can actually 'clean up' their credit history.
However, in the wake of the Banking Royal Commission and the
accompanying crackdown on lending practices, many may be wondering
whether they actually need to 'clean up' their credit
history in order to ensure that they are able to obtain necessary
finance.
This article aims to shed light on this matter by explaining
what your credit history is and in what circumstances it may
actually be 'cleaned up'.
What is my credit history?
Your credit history is essentially a record of
information which relates to your ability to pay debts or, in other
words, your credit worthiness. Known as 'credit
information', it includes details such as:
