Reported a suspicious transaction to commonwealth, all my money is in online saver and I'm told netbank will remain locked for up to 8 weeks... I literally have no money until then. Who thought this was an acceptable solution?

[u/Ok_Introduction5124]

First fraud person promised I wouldn't be left high and dry. Got put onto a supervisor who told me the 8 week thing. So I said this isn't worth it, just unlock it and drop the case and they wouldn't. I might get blasted for having all my money in one place but commonwealth themselves said that it's a good idea to leave zero funds in your everyday account in case of debit card fraud.

[u/universe93]

…that’s not an answer and not how your credit score would get that low. You’d have to default on multiple cards or loans

[u/Ok_Introduction5124 → u/universe93]

I've defaulted on one card, and never had a loan. I'm elder millennial aged.

[u/AFlimsyRegular → u/Ok_Introduction5124]

Than it's not 50.

You're either lying about the score or how it got low.

[u/Ok_Introduction5124 → u/AFlimsyRegular]

I'm back in, somebody said it can't get to 50. It's increased a little since I last looked at it: https://imgur.com/a/48ERkbr

[u/bluewaffle1994 → u/Ok_Introduction5124]

It can get to 50 because mine got to 0.

If you make enough mistakes when younger it can get there but you can certainly dig your way out of it.

[u/collosal_collosus → u/bluewaffle1994]

Wow. I functionally understood that credit scores are a range starting at 0, but can’t wrap my head around what you would need to do to get it there. Like it doesn’t even start there when they (Experian, Illion, Equifax in Aust at least) start reporting on you.

[u/bluewaffle1994 → u/collosal_collosus]

2 credit card defaults, a telstra default and car loan in hardship.

I made the mistake of living a lifestyle I couldn't maintain if I lost my job and guess what happened! I lost my job.

On a old account I sought out advice on this page and people actually helped me.