Restore My Credit

Restore My Credit Restore My Credit is a boutique Credit Repair Agency committed to getting the best outcomes for its clients.

A Credit File is a collection of data that informs creditors about you, your reliability for credit and your credit history. Every time you make an application for a credit card, home loan, car finance, personal loan, In Store finance or any form of credit, the information on your credit file is reviewed by the lender to determine if you will be responsible for the amount you are asking to borrow.

Any adverse entries on your credit file (telco or utilities defaults, loan payments in arrears etc..) can influence a credit provider to either decline your application or add a premium to the interest rate you pay. Therefore it is a good idea to review your credit file periodically and make sure that the information recorded is accurate. If you have been declined for a loan, or you have been offered a higher interest rate because of your credit rating, speak to us today for an obligation free over the phone assessment. If your credit rating is stopping you achieving your goals, then talk to us today, we like nothing more than helping clients achieve their financial goals and to create a pathway to their future. Our experienced team of finance and legal professionals work tirelessly to
get the best results and have an excellent track record in successful credit repair. We are based in the CBD of Adelaide and we are able to help clients all around the country.

14/08/2025

Restore My Credit is hiring!

Adelaide, Melbourne and Sydney applicants

We are growing and evolving more and more with our Credit Repair and Debt Negotiation services

We are now looking for our next high performer to join our team

- Dealing in all aspects of commercial and consumer Credit Repair
- Dealing in all areas of Debt Negotiation especially ATO matters

If you are highly motivated, self driven and feel great about changing lives then send your expression of interest for this exciting and satisfying role

Email me direct at [email protected]
0450 171 576

21/07/2023

Aussies in their mid-30's are feeling the pressure

According to Commonwealth Bank chief executive, Matt Comyn, Australians aged between 30 and 34 are facing the greatest financial pressures of all age groups, with the least strain being felt by those aged between 60 - 74.

Further, renters are facing more financial pressure than households with mortgages in the current rental crisis, and there's also been an increase in customers with personal loans who have overcommitted.

If the cost of living pressures are causing you financial stress and you would like to speak with one of our expert debt negotiators, reach out for a free consultation.

20/07/2023

South Aussies copping whopping electricity costs

Households in SA are reeling after the biggest increase since 2019 to default offers, which are default electricity price offers are set by the regulators each year. They are supposed to act as a safety net for customers and as a benchmark price, and increases to these amounts are calculated based on what it costs retailers to provide us with electricity.

However, South Aussies are now facing and average of a 20 - 25% increase, with a new analysis of electricity bills by the ACCC finding that millions of Aussie households are paying more than they should.

If you're finding the rising electricity prices to be too much pressure on your household and you would like to speak with one of our expert debt negotiators, reach out for a free consultation.

19/07/2023

Ilion findings shed light on financial stress

According to new findings by Ilion, there’s cause for concern about the escalating financial stress levels on Australian households, as reported today in Mortgage Business.

Further, Ilion’s ‘credit risk barometer’, has indicated that the risk of a credit default has risen by 9% since January 2022, with the data also indicating that financial stress is spilling over into consumers’ borrowing behaviours, with savings diminishing and people’s wages failing to keep up with the crippling cost of living crisis.

If you’re concerned that your struggle to keep up with the rising cost of living and interest rates is having an adverse impact on your credit score, reach out to our team for a free consultation.

Hefty penalty for payday lendersAs reported a few days ago in the Adviser, 2 payday lenders have recently been penalized...
17/07/2023

Hefty penalty for payday lenders

As reported a few days ago in the Adviser, 2 payday lenders have recently been penalized with permanent injunctions after the Federal Court finding that both lenders engaged in credit activities without holding an Australian credit license.

Further, ASIC alleged that one of the lenders had charged fees that exceeded the prescribed maximum charge allowed in order to be exempt from holding a credit license.

If you feel like you've received unfair treatment from a lender and this has had an adverse impact on your credit score, reach out to our team for a free consultation.

Change in predictions for an extended cash rate pauseAs reported today in Mortgage Business, ANZ have come out and said ...
17/07/2023

Change in predictions for an extended cash rate pause

As reported today in Mortgage Business, ANZ have come out and said that they believe it's a possibility that the RBA will pause a further rate increase in August.

ANZ's head of economics, Adam Boyton, has said that they "noted a shift in tone from the RBA governor in his speech [address at the Economic Society of Australia] on Wednesday (12 July)" and “He mentioned slow growth in consumption leading to greater discounting, expectations of an easing in unit labour costs as the unemployment rate rises, and that there are still significant fixed-rate resets to come."

Mr Boyton also added, "Looking into 2024 our base case remains an extended pause before easing toward the very end of the year driven by both a higher unemployment rate and confidence inflation is returning to the band.”

If you're struggling to keep up with the rate increases and cost of living and would like to speak with one of our expert debt negotiators, reach out to our team for a free consultation.

Unemployment driving up mortgage stressAs reported today in Mortgage Business, CBA's chief executive, Matt Comyn, stated...
14/07/2023

Unemployment driving up mortgage stress

As reported today in Mortgage Business, CBA's chief executive, Matt Comyn, stated unemployment is one of the three key drivers of mortgage stress across lending books at the House of Representatives standing committee on economics for its review of Australia’s four major banks yesterday.

Mr Comyn further went onto say that other stressors for mortgage holders include serious illness and a change of familial situations or relationships.

If you're suffering from mortgage stress and would like to speak with one of our expert debt negotiators, reach out for a free consultation.

Aussies facing credit card debtsAccording to new research by Finder, one in six Aussies are struggling to pay off their ...
13/07/2023

Aussies facing credit card debts

According to new research by Finder, one in six Aussies are struggling to pay off their credit card debt as the cost of living increases, with 16% of respondents to the survey of 603 people admitting they were over their credit card limit or unable to make payments.

According to data from the RBA, Australia had $40.3 billion on credit cards in May, with the cost of living crisis making Aussies more and more dependent on their credit cards to get by.

If you're trapped in a debt cycle and would like to speak with one of our expert debt negotiators, reach out for a free consultation.

Sentiment from struggling AussiesAs reported today in The Adviser, research from Finder, which surveyed 1110 respondents...
12/07/2023

Sentiment from struggling Aussies

As reported today in The Adviser, research from Finder, which surveyed 1110 respondents, found that the general sentiment from borrowers is that lenders should help more with the cost of living pressures.

Namely, about half of the respondents expressed that lenders should offer higher interest rates on savings accounts, with a further 34% saying they wished their lender would refrain from lifting interest rates on their home loans, 14% saying they wanted access to better financial hardship terms, and 17% saying they wanted more support on refinancing and switching loans.

If you feel like your lending isn't giving you the best deal and you want to refinance, but are concerned about your credit score, reach out for a free consultation.

Scathing findings by the Royal Commission into the Robo Debt schemeLast Friday, the Royal Commission into the Robo Debt ...
10/07/2023

Scathing findings by the Royal Commission into the Robo Debt scheme

Last Friday, the Royal Commission into the Robo Debt scheme handed down their report, labelling the scheme as "cruel and crude".

The Robo Debt scheme ran for 4.5 years from July 2015 to November 2019, and during this time there was $1.7 billion in unlawful debts raised against 400,000 Australians.

One of the primary issues with the scheme, is that it relied on income averaging to assess people's eligibility for benefits, paired with a rushed implementation

Instances such as these highlight the importance to question debts that you think are not right.

If there are debts recorded on your credit file which you believe to be unfair or incorrect, reach out for a free consultation.

Skyrocketing rentAccording to figures by CoreLogic, rent across Australia has risen by 2.5% in the past 3 months. ABC Ne...
10/07/2023

Skyrocketing rent

According to figures by CoreLogic, rent across Australia has risen by 2.5% in the past 3 months. ABC News recently reported on how the crisis is affecting the town of Mudgee in NSW, with some locals being forced to leave their home town as the median rent has increased by 45% in the last 5 years.

This means, that the median rent has increased from $370 per week in 2018 to $540 per week currently, with the supply and demand squeeze following the increase in well-paid mining jobs in the region.

The rental crisis has echoed across the rest of the nation, with many of the major cities facing a rental crisis.

If you're struggling financially and would like to speak with one of our expert debt negotiators, or are wanting to enter the housing market but are concerned about your credit score, reach out for a free consultation.

Aussies to face yet another financial blow With tax time approaching, many Aussies may be relying on their tax return to...
07/07/2023

Aussies to face yet another financial blow

With tax time approaching, many Aussies may be relying on their tax return to catch up on bills or debt.

However, with the pandemic rebate ending - which delivered up to $1,500 of extra refunds to about 10 million people, millions of Aussies will receive a much smaller tax return, and some none at all.

This is yet anther blow to Aussies who are doing it tough with the cost of living crunch and interest rate increases, in a time where every dollar counts.

If you're struggling to make ends meet and would like to speak with one of our expert debt negotiators, reach out for a free consultation.

Address

298 Findon Road, Findon
Adelaide, SA
5023

Telephone

+611300035970

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