Remove Credit Default

A credit default occurs when borrowers fail to meet their repayment obligations and breach a contract with their lender or creditor.

If you've been denied credit or a loan and aren't sure why, a default could be the reason. You can check your credit file for free through major credit reporting agencies like Equifax, Experian or illion. If you’re not sure where to start, we offer a free credit report review to help you figure it out.

You can end up with a credit default for many reasons. Failing to make a loan payment, filing for bankruptcy, defaulting on a bond, and even not paying a utility bill can all lead to a black mark against your name (essentially a red flag warning to lenders).

If your payment is overdue by more than 60 days, the company you owe can initiate a default listing process. You may not even realise until, for example, you one day apply for a loan or a credit card and are denied

Even if it’s just for a relatively small amount, a black mark against your name can wreak havoc in many ways.

Damage to your credit score: A bad credit score can compromise your chances of ever successfully applying for credit again.

Legal action taken against you: If significant figures are involved, lenders or creditors might take legal action against you. Having a criminal offence to your name is a whole other set of concerns and limitations.

Asset repossession: If you secured a loan with collateral such as your house or car, they may be repossessed so the lender can recover the debt.

Long-lasting financial repercussions: Getting a mortgage, securing the best interest rates and successfully applying for major loans could all be out of reach.

A default cannot be removed simply by you making a late payment. If the lender has made a mistake or the default occurred due to circumstances outside your control (for example, a natural disaster), you may have recourse. No matter how overwhelming this feels, we’re here to help. So don’t fall any further – reach out to our team.

Defaults, court actions and enquiries remain on credit files for five years here in Australia. However, serious credit infringements remain for seven years.

First - don’t stress and don’t panic. Contact our team of experts. We are very familiar with the processes and protocols involved, and we know how to go about this as efficiently and effectively as possible.

The answer depends on many factors, and there is no one-size-fits-all response. You could expect anywhere from 50 to 300 points.

In some cases, a default can’t be removed – but that doesn’t mean you’re stuck. We’ll guide you through ways to manage the debt and improve your credit score in the meantime. That might include working out a repayment plan or strengthening other parts of your credit file. We also have a great relationship with many lenders and might be able to give you that second chance especially if you have suffered from financial hardship that was not your fault.

Each case is different, but many clients start seeing movement within a few weeks. We'll give you a more specific timeframe after we assess your situation.

It depends on your case, but you might need loan contracts, payment records, default notices, or proof of extenuating circumstances. We’ll guide you through it step-by-step.

Unfortunately, no. Paying the debt doesn't remove the default – it only changes the status to “paid”. The listing will still stay on your report for up to five years unless successfully challenged.

A default is a missed payment that’s been reported to a credit agency. A judgment is a court order resulting from legal action taken against you for unpaid debt – it's more serious and harder to dispute.

We offer a free assessment, and the cost of removal depends on the complexity of your case. Get in touch with us for a personalised quote – no pressure and no upfront payment required.

Absolutely. If your debts are still outstanding, we can often negotiate on your behalf – reducing your repayment amounts, stopping interest from accruing, or arranging a realistic payment schedule with your creditor.

Yes – and we do it all the time. Even if a default remains, we can help you rebuild your score by correcting other issues on your file, helping you understand credit behaviour, and removing additional negative entries (like excessive inquiries or outdated info).

Not all defaults are eligible for removal – but many are. If your default was listed unfairly, without proper notice, or under extenuating circumstances, you may be eligible. The best way to find out? Speak to one of our experts – it’s completely free to get assessed.