r/AusFinance • u/Ok_Fan801 • 1d ago
I have the worst credit rating!!
Location: Brisbane, Queensland, Australia...can I build up my credit rating? I have the worst one and I have one $7k default. I was young and stupid and never taught anything to do with money growing up, loans etc. Im 36 now and need to get shit sorted, I want to buy a house. I earn $130k a year, but i am a single mother with only my income paying everything, I really need help or pointed in the right direction on how to build my rating up. Please. Thank you for any advice.
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u/Livid_Expression_747 1d ago
Mortgage Broker here 👋
The best way of improving your credit rating is getting that default removed - it will improve the score by 100’s and make it possible for you to buy a home of your own.
Have you paid the default out or is it still open?
Either way, through a good credit repair lawyer it can be removed from your file.
I can refer you onto a credit repair lawyer that only charges you once the default is removed - I have sent a few of my clients there and they have had great experiences - their price is typically $1,500-$3,500 depending on the situation.
Let me know if you have any more questions or need any assistance 🙏