Clear Credit Solutions Review: Are they worth the price you pay?

Seeking to repair your tainted credit score with Clear Credit Solutions? We’ve done the research and we’ll let you know if they’re any good.

There is a bunch of credit repair experts across Australia all promising the moon. After all, black marks from your credit file can impact your future quite significantly.

To write this review, we decided to investigate if the claims of Clear Credit Solutions are actually true. Pay close attention as we reveal the truth.

We’ve taken this approach as we felt the community ought to know if they’re the real deal. The Debt-Free Community is, after all, on a crusade to protect consumers.

Now, let’s do this!

Clear Credit Solutions

You’ve probably had some issues in the past regarding your credit history. Have you taken out too much debt with credit cards and personal loans? If so, that’s definitely going to affect you.

Enter the profitable market of credit repair services. Some of them make bold promises “We’ll fix your credit no matter what!” or some other nonsense. These cowboys should be ignored as they give the industry a bad name.

Clear Credit Solutions
Debt recovery action

Then you’ve got the very few good guys. Clear Credit Solutions, in our view, is one of them. They actually do the right thing by their customers.

Don’t take our word for it, but read the many Clear Credit Solutions reviews online. Dozens of people have been very happy with their services.

Benefits with Clear Credit Solutions

So it’s clear that we see them as a good company who’s actually doing some good for Australians. This is unlike payday lenders which we’re always at war with here on our website.

CCS can help with:

  • Defaults on your credit file
  • Court judgements
  • Complete clear outs

And do you want to know the best part of all this? If they can’t get your credit file clean, then there is no fee to pay!

If a default was not removed the no win no fee conditions apply. It is in CCS best interest to investigate every possibility to ensure the default is removed which may involve ombudsman services CCS will administrate. If this fails the client will be receiving a full refund of our one set fee.

Terms and Conditions of Clear Credit Solutions. Retrieved March 2020.

That’s undeniable proof that they mean business. They either get the result for you or you don’t pay them a cent, which means you’ve got nothing to lose right?

Well, but what about what you actually pay?

CCS only charge up to one thousand five hundred dollars which includes GST due to the fact we do not follow up any calls as the client can do this without paying thousands of dollars extra, CCS will give advice to help you through the credit repair process via phone calls if the client so wishes.

Terms and Conditions of Clear Credit Solutions. Retrieved March 2020.

So Clear Credit Solutions charges up to $1,500 AUD for every client.

The truth is that you’re probably going to be charged less than that. It really depends on the type of black mark on your credit history and how urgently you need it removed.

Some people easily pay less than $1,000 so they can get much cheaper interest rates, so this company saves them money.

The debt-trap could start again

We’re here to warn you that while Clear Credit Solutions will definitely do their best to help you (but can’t 100% guarantee that they will be successful), it’s the clients who are most at risk.

See – many have gotten themselves into heavy debt in the first place. Car loans, personal loans and credit cards. It’s all toxic debt that’s expensive.

Not only that, but you’ve got little to show for it, right? You probably didn’t achieve much in the first place when you took out those loans years ago.

So we recommend:

  1. Don’t buy the stuff you don’t need
  2. Get professional financial counselling
  3. Make sure you manage your budget this time

We know that’s basic but sometimes we like to explain things simply.

The debt-trap or financial black hole could start again. You’ve been warned. Clear Credit Solutions is potentially giving you a fresh start, so don’t waste it. Use this chance wisely and get yourself back on track towards a healthy balance sheet.

In summary

We checked out everything online about this company. There was one issue that came to mind actually that’s worth mentioning.

Asic fined them $21,600 some years ago for activities they did in 2017. Read more here.

Keep in mind this was from several years ago. Since then the company has just gotten stronger and more compliant with Australia’s strict laws.

The proof is in the pudding when you read reviews of Clear Credit Solutions. They care about their online reputation and they mean business.

The truth is: They are one of the best in Australia based on what we found.

Give them a call today on 1300 789 783 or visit their Coffs Harbour office.

Credit Clean Australia Review: Should You Use Them?

We’re on a crusade to evaluate companies like Credit Clean Australia based in Southport, QLD to make sure they’re up to the task of getting people out of debt.

It’s our belief that all Australians have the right to get themselves fully out of debt before they retire. There are several companies now offering people to clean their credit reports. Do they work? Well, we had to check it out.

We had this interesting experience with Credit Clean Australia that we want to share in this review. Read this first before joining them!

Because it’s important that you get the facts.

Credit Clean Australia Review

We’re starting to get a bit frustrated here with the state of the Australian economy right now. As a country, we have the biggest personal debt load of the entire western world.

Can you sense a recession of depression happening soon? We certainly can!

Luckily, there are companies around that can genuinely help you. We had a positive experience with Credit Clean Australia recently and thought we’d share our direct experiences here.

Australian debt-free living
Monthly budgets: This is how families work towards a debt-free living in Australia

Now the black mark on the credit history wasn’t all that bad. It was from 2 years ago but we were a bit sceptical as to how long it would take to erase.

We had heard from others that this process could take up to 6 months. We couldn’t wait that long! The whole idea is that we would get a clean credit history then apply for a debt consolidation loan at reasonable interest rates.

In our opinion, that’s often a good idea for a beginner on the journey towards a debt-free lifestyle. You can use the lowered monthly repayments to knock off the debt faster.

Before we started though, we had to validate that Credit Clean Australia is legit.

Credit Clean Australia Review

That is the ASIC extract for Credit Clean Australia which you can view here.

Did we say that we check things properly here? The Debt-Free Community has your back!

We checked online reviews for Credit Clean Australia and were impressed:

Credit Clean Australia Review

Those are real names and real people. We encourage you to read through the whole lot.

Real customer testimonials

We found that there are numerous real people who have left testimonials. Let’s have a look here:

Credit Clean Australia removed an electricity default.

They can also help in clearly Telstra defaults.

RACQ placed a default on Jeremy’s credit history but Credit Clean Australia got it removed!

All in all, we can clearly see some real results here.

We decided to try it

Yep – we recruited a friend of ours who had not one but two black marks on her credit history:

  1. An unpaid Vodaphone bill from 9 months ago
  2. A default from a personal loan from 2.5 years ago

Tanya, our friend, really wanted to have her clean credit history within the next 2 months. She was hopeful to apply for a debt reduction loan and wanted a great interest rate.

She knew that if lenders saw the black marks, then she’s either going to get reject or be given some pretty ordinary loan terms. Like many Australians, she was on a quest to get herself out of debt.

On the initial phone call, we got her to ask a whole bunch of questions. All up it was 27 questions and we imagine the person on the other end of the phone was totally over it! What we were keen to know is if they are indeed knowledgeable and use local Australian staff.

See – Credit Clean Australia is based in Southport on the Gold Coast. Tanya spoke to 3 different people and each was based locally. Other companies actually exist in Philippines or India so you’re not talking to a local with real knowledge.

So what were the results at the end of the day? Successful. Both those black marks were removed but it didn’t come cheap though. Tanya weighed it up and she was massively in-front with the reduced interest rates on her debt consolidation loan.

How much did they charge?

That’s the question on everyone’s mind: How much does it cost to use Credit Clean Australia? It’s $1195 including GST for 2 negative listing removals on Australian credit reports if you use Credit Clean Australia. That’s expensive or cheap, depending on your priorities.

They use a no-win, no-fee structure. They will refund you if it doesn’t work.

Credit Clean Australia

What you need to think about is the damage if you don’t do it. Like you could be stuck paying a super high-interest rate.

Let’s say you wanted to take out a car loan because you got a new job. Well, there is a big difference in repayments between 9% and 27%. Suddenly paying the fee to these guys doesn’t seem so bad.

At the end of the day, we wouldn’t advocate that you really use them to take on more bad debt. You don’t need any more credit cards or personal loans. Use them to get yourself a step forward in life instead of living on struggle street.

In summary: Should you use them?

The answer is pretty obvious: It worked for Tanya our friend, so yes, you should! Credit Clean Australia clearly knows how to get rid of negative listings on credit reports.

At the same time, they are a bit pricey on the fees. That is the biggest negative that we raise to keep this review fair and balanced.

What you need to do is weigh up your options. If you’re not intending to take out finance in the next 12 months, then they’re probably not a good use of your funds.

On the other hand, if you’re starting the journey towards debt elimination, then they are a fantastic starting point. Use them and then consider a consolidation loan. Your monthly repayments might be much less than you’re paying already.

The only way to know for sure is to get in touch (1300 739 860) and find out for yourself. Likewise, why not get in touch with us here as well? The Debt-Free Community strives to help people just like you with a free discovery call! πŸ˜ƒ

Credit Repair Australia Review: Are They Any Good?

There are companies like Credit Repair Australia who help everyday Australians, but can they make the situation worse? Sometimes, yes!

The thing is, without these companies a lot of Australians would suffer from inflated interest rates which are unfortunate. So it’s like a catch-22.

Do you pay them to repair your credit history or do you apply for finance and see what happens? Remember that if you apply once and you don’t like the interest rate, then it’s fickle to apply later on.

In this review of Credit Repair Australia, we’re going to share our experiences plus our opinions on people’s negative experiences.

Let’s get started.

Credit Repair Australia Reviewed

You’re looking to get your credit history repaired so you can apply for finance. Good idea in our opinion because it often results in cheaper interest rates.

There are times when errors have been made on your credit file which you can remove yourself. However, some of them are legitimate. That’s when you gotta engage the professionals!

Credit Repair recently came to our attention so we decided to experience the product ourselves. Essentially, we went through the process to see if they could remove 2 black marks on our credit file.

These are:

  1. A documented default from 3 years ago
  2. A missed repayment from 2 months ago

Both were from an individual that we know who we represented in this case. They were working full-time with regular income and otherwise clean credit history. The purpose of engaging this company was so the individual could get a better interest rate from a mainstream lender, instead of a non-conforming loan.

But before we went through that, we decided to do some research ourselves into this company. After all, if we’re paying $300+ for this service, we wanna know if they’re the real deal.

Credit Repair Australia

In business for 17 years now. That gives us a boost of confidence!

Then we checked the most popular review site around:

Credit Repair Australia Review

While 4.2 stars don’t seem that high, we did see that those leaving 1-star reviews were often people who just were too far gone it seems. If you have 13 black marks on your credit file, you can’t reasonably expect any of these companies to even get half of these cleaned off.

Our experience

So we made our enquiry and went through the process. All up it took 3 weeks which was a bit long but we were also patient.

During the 1st phone call, we hit them up with a ton of questions. Why? Because we wanted to test the knowledge of their staff.

See, some of these companies offload their call centre to the Philippines. With Credit Repair Australia, we got an Australian person and it seems like all of their staff are local which is what we like to see.

We also emailed a few questions after that first phone call and they got back during the next business day. It was clear that they were doing their best to help given the information provided.

Was it cheap? No. The pricing with Credit Repair Australia depends on your individual situation. It could cost just $200 or up to $1,500. It really depends and they can quote you once they get a snapshot of your financial affairs.

Most importantly, was it worth it? For the individual that we enlisted to help create this review, it definitely was. The credit report was wiped clean though the credit score didn’t really improve. They said it takes a few months for individual ratings to start climbing again.

Explaining the negative reviews

We evaluated the people who left their bad experiences about Credit Repair Australia online and we saw a common trend. These people just hate…well…everything! If they don’t get a hug and a kiss then you can expect a 1-star review.

In all seriousness, they likely didn’t get approved because they’re too far gone. That’s one of the disadvantages of using this company actually – they can’t help everyone, despite their extensive nation-wide marketing campaigns.

At the end of the day, you get a free consultation. During that time they will assess if you’re a good candidate. All the debt repair companies use this same practice.

Those people who leave their negative experiences generally didn’t get past this stage. Therefore, they just didn’t get a result despite not paying anything.

The best way to address this problem is to engage with them and go through the process.

Is Credit Repair Australia legit?

Yes – from our experience we’ve found Credit Repair Australia to be genuine. You’ll engage with a real staff member who walks you through the process with a free introductory call included.

How much does Credit Repair Australia cost?

It depends. The fees that Credit Repair Australia charges differs from person to person, with the cost being as low as $300. It’s FREE to have a discovery call. The dude with 4 black marks is going to get a higher price than the woman with 1 black mark which was merely an unpaid phone bill.

What do they do?

They look at your Australian credit file and do their best to remove black marks that aren’t genuine. Even if they are genuine, having been in business for 20 years, they know some tricks of the trade to get those bad marks removed.

Our final verdict

The process worked for us but it may or may not work for you. Everyone is different with a unique financial situation.

The main question is: Would we recommend them?

As Australia’s leading website which promotes debt-free living, absolutely! They are clearly a rock-solid company keen to make a difference.

These companies are out to help people just like you. We went a road-tested the offering and it worked for us. On the flip side, payday lenders just want your money.

We’re advocates of reducing or eliminating your debts over time. Using a company which can repair your credit history and erase black marks can be the 1st step in that process.

From there, consider a debt consolidation loan so you’ll potentially have cheaper interest rates. We’d love to have a chat with you about that over the phone.

What’s most important is that you take action and start the journey today. Whether that’s through Credit Repair Australia or any other company, it’s time to make a solid change in your financial life.

How to Refinance Your Mortgage with Bad Credit (Australian Guide)

Did you know that lenders do provide better home loan rates where you can refinance your mortgage with bad credit? Here’s how you can do it.

Now we know it’s not ideal to have a bad credit rating. There is a range of service providers out there who will actually help you during these challenging times where you can save money each month on your repayments.

At the same time, consider using a credit repair company to help you towards improving your credit rating. Not only that, but practice debt-free principles of avoiding consumerism and the constant need to buy new stuff.

Refinance your mortgage with bad credit

The best way to refinance your home loan when you have a negative credit history is by ensuring first that you have equity. Banks love to see when you have at least 20% equity in your property while 30% is even better!

Refinance your mortgage with bad credit

Lenders like to minimize their risk especially when you have a history of non-repayments or late repayments. History leaves clues and their fear is that you’ll default again. Perhaps your property has grown in value since you purchased it.

Here is how you refinance your mortgage with a bad credit rating:

1. Check your credit file first and see how bad it actually is

An overdue phone bill isn’t something that lenders are too worried about. However, defaulting on several mortgage repayments IS definitely a big problem. Lenders always check your credit history and it’s good for you to check it first.

You can actually get a free copy of your credit rating these days.

2. Trim your everyday expenses and budget properly

Do you have expenses that you’re paying for but aren’t actually using? You can trim them from your monthly credit card payments. What about your debt repayments? Are you falling behind? Because you can also request a payment reduction so that you avoid missing those repayments.

Paying your bills on time is one thing that lenders often look for.

3. Use an experienced mortgage broker who deals with bad credit borrowers.

Not all mortgage brokers are experienced in this field. You’ll want to find one that actually has lenders on their panel that help borrowers with impaired credit histories. How do you find one? Often we recommend a great mortgage broker and you can get in touch so we can share their details.

Avoid an everyday mortgage broker because their lenders are often mainstream.

4. Make sure your application documents are in order.

Don’t make the mistake of “forgetting” certain documents. Lenders are smart and will pick up on things if you’re trying to hide that debt that is overdue. You’ll need documents such as bank statements from the last 6 months, 100 points of ID and mortgage statements for all of your properties.

Be organized and punctual when they ask for evidence for your application.

5. Avoid high LVR mortgages

While it seems tempting to refinance your mortgage to a lower interest rate, if you’re going to trigger lender’s mortgage insurance then it all might be a waste of time. Aiming for sub 80% LVR shows that you’re a lower risk to the bank, as well as some savings in the bank which go will go a long way to get you approved.

If you are going to borrow more than 80% of the value of your property, it may not be worth it.

Comparing marketplace options

Let’s say that you’re now committed to finding a non-conforming home loan that will fit your needs a lot better, then there are certain things you’ll want to watch out for.

Judgement Debt
The Debt Free Community is closely monitoring this

These include:

  • Additional fees. These can be hidden or in plain sight. Do a calculation to see how much this will add up to over 1 year.
  • Repayment schedules. Some non-conforming lenders won’t give you the flexibility of how often you can repay.
  • Mortgage offset accounts. While your old home loan might have had a handy offset account, your new loan may not. Check that it does indeed have one.
  • Make sure the comparison rate is competitive. The true cost of a home loan is measured by the comparison rate, not the interest rate. You might be shocked to find that this is higher than before.
  • The volume of lenders. Mortgage brokers should provide you with the option of more than one lender for a bad credit mortgage. If they don’t, then it’s time to find another one.

This is why we’re all about the research here at The Debt-Free Community. We want you to get the best deal possible.

Our verdict

You can definitely get approved for a home loan even with black marks on your credit history. These are called non-conforming home loans and are becoming popular in Australia.

Some people will benefit from these, especially when they have equity in their homes. Others, on the other hand, will not benefit at all, since there is almost always higher interest rates than standard loans.

One option is to negotiate with your current bank. They might give you a 0.5% reduction on your home loan which saves you from the process of refinancing. Some people are approved while others are rejected. The only way to know for sure is to ask them!

Another option is to reach out to us or get on a free discovery call. The Debt Free Community is always happy to share tips and ideas on how everyday Australians can get themselves slowly out of debt for good.