Do you have a bad credit rating and are not sure the way it took place? You are not the only one. Perhaps millions of Australians have an awful credit repair service information, predit.ru, rating, and lots of of us don't know we have black marks against the title of ours until we apply for credit and are flatly refused.
What's a terrible credit rating?

A terrible credit rating is frequently defined as a credit file which contains a single or more negative listings like a a default, writ, judgement or bankruptcy.
Many of these listings can help make it really hard for us to get credit for five years for defaults and up to 7 years for bankruptcy. This impacts many main aspects of the life of ours for instance purchasing homes, removing private loans for vehicles, business loans and in cases which are many also credit cards and cellular phone plans.
Presently a lot of the major banks are rejecting home mortgage software where the credit history shows a default listing (an overdue account which has lapsed past sixty days). Many lenders are also rejecting loans for excess credit enquiries such as two in thirty days or 6 within the entire year.
What if the black mark of mine should not be there?
There are over fourteen million credit documents for' credit active' individuals, held by the main credit reporting agencies in Australia; Veda Advantage, Dun & Bradstreet, Tasmanian Collection Service. Over 30 % of these credit files could potentially contain errors.
In 2004 the Australian Consumer Association (now Choice) conducted a survey which revealed thirty four % of the credit files of the people surveyed perhaps contained mistakes.