Bad credit

Trying to get a loan but can’t?

We can help.

You can’t move forward. You’re feeling stuck.

You want that new car. That new house. You may even want to have children or start a business.

Friends and family are flying ahead but you’re feeling stuck and left behind.

To move forward, you may have tried taking out a home loan, personal loan or applied for a new credit card.

But you just keep getting knocked back.

Life seems to be pulling away. Why? It could be a bad credit rating.


Why you have a bad credit rating

If you’ve got a bad credit rating, it’s likely you’ve got too many overdue debts.

These overdue debts are recorded as ‘payment defaults’ on your credit report. If you've ever applied for a loan or credit in Australia, you’ll definitely have one.

Before creditors lend you money or give you a new credit card, they double check your credit report first. This is to make sure you can pay back what you owe.

If you’ve repeatedly missed --

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Paying phone bills
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Paying utility bills
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Credit card payments
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Personal loan payments


Your credit report will be covered in defaults and your credit rating will be poor.

Payment defaults appear on your credit report when debts have gone overdue by 60 days. You would also have received multiple written reminders to pay these debts too.

Creditors interpret a lot of defaults and a bad credit rating as indicators you’re poor at managing money and unreliable.

This stops creditors from lending you money.

Don’t feel embarrassed about bad credit


There are a lot of reasons why you might be unable to pay your debts. These reasons may not necessarily be poor money management, overspending or overborrowing.

Sometimes intense life events occur, suddenly. You can’t control them.

There’s no need to feel embarrassed or ashamed.

You might have --

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Been injured or become seriously ill
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Lost your job out of the blue
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Experienced an income reduction at work
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Gone through a relationship breakdown and lost a significant portion of your income


All of these situations have put you in a spot where it’s impossible to pay bills on time.

As a result, your credit report has been covered in ugly defaults which are now stopping creditors from lending you money.

We understand it’s not fair. We’re here to help.



Need help repairing a bad credit rating so you can get a loan?

Book your free consultation now
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The truth about bad credit and credit repair

If you’re in a hurry to take out a loan, here’s the truth about fixing a bad credit rating.

There are no shortcuts to repairing bad credit.

The only way to fix your credit report is to get your finances under control so you don’t fall behind in your payments ever again.

Any default stays on your credit report for five long years.

Paying off your debts mean the status of the debt is updated to ‘paid’. But the defaults still hang around as part of your credit history.


We can help you repair a bad credit score

We want to help you develop a good credit history through on-time payments.

We’re keen to get you to a financial position where you can take out loans and move your life forward.

Just meet with us. A consultation session with us is completely FREE of charge.

In our session, we’ll thoroughly analyse --

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Your bills
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Your loans
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Your expenses
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Your current debts


Through this analysis, we’ll help you develop a robust financial strategy to get you paying all your bills and expenses on time. And to stop you from getting another default on your credit report.

As part of this strategy, we can also --

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Renegotiate payment arrangements with your creditors
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Negotiate repayment reductions to help you pay on a regular basis
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Arrange for payments to cease for a period of time


To make paying outstanding bills that much easier.

With our lengthy history of debt negotiation, we know exactly what’s possible and what isn’t. Most importantly, we know what exactly what needs to be done to fix bad credit.



Need help repairing a bad credit rating so you can get a loan?

Book your free consultation now
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If you want to check your credit report, you can request a FREE copy from any of these reporting agencies.

Be sure to check your credit report on a regular basis to make sure there aren’t any errors in it.

If there are loans or payment defaults in your credit report you know nothing about, it’s possible someone has stolen your identity to take out those loans.

In the case your identity has been stolen or if defaults have been incorrectly added to your credit report, we can inform your creditor and reporting agency for you.

We can also escalate errors to the appropriate ombudsman.

In worst-case scenarios, you’ll have a bad credit report because you arranged a formal debt agreement or filed for bankruptcy sometime in the past.

Formal debt agreements and bankruptcies aren’t taken lightly and are looked upon poorly by creditors.

Another reason you have bad credit is because you’ve had to make an appearance in court to settle a debt. This appearance and the court’s judgement will be listed in your credit file.

If you need help resolving these situations, give us a call on 1300 300 922 or get in touch via our contact form.

We’ve helped countless Australians repair bad credit scores

We can help you too.

In fact, we’ve helped more than 108,000 Australians get back on the road to pay overdue debts and improve their bad credit scores.

Eventually, they’re able to take out the loans they need to move their lives forward.

This is what some of them have to say.

Yvonne, MyBudget client

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"I had let my bills go so long that I was receiving law suits and summons to go to court to pay bills, and I did think I was going to lose my house... They [MyBudget] spoke to all of my creditors. They said okay, this is what we need to pay immediately, this we can hold off on for a little while, and this we can sit on for a longer time."

Yvonne, MyBudget client

Paul, MyBudget client

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"We spent everything we earned... and it meant consolidating credit card on numerous occasions, more than once and it just got to the stage where I said we can’t do this anymore... Now MyBudget’s helping us achieve stability; that’s something we’ve been trying to get for a long time and we’ve never been able to do it on our own."

Paul, MyBudget client

Andy & Rebecca, MyBudget clients

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“We were in a lot of debt, we were really racking up our credit cards just to pay for the therapy we needed for our child. It just snowballed, it just went out of control... We didn’t know how to do it and pay our other bills and so that’s why we made the big step and made the phone call. I just wish we did it sooner, it would have been a big stress release for us.”

Andy & Rebecca, MyBudget clients



Need help repairing bad credit now?

If you need help repairing a bad credit rating to take out loans, we’re here to help.

We’ve helped countless Aussies move back towards good credit ratings.

We can do the same for you.

If you’re interested in more information, give us a call on 1300 300 922.

You can also book your free consultation by clicking the button below.

Book your free consultation now

Find out more about MyBudget. Speak to us today. 

We can answer your questions and show you how easy it is to get started.

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