Princeville Credit Advocates

Specialists in removing black marks from your credit file, helping to improve your credit rating.

Did you know that around one in ten Australians have black marks on their credit files, and that this works as a negative factor when they’re looking for credit? This might be if you are looking for a car, a home loan or a business loan, for example.

Black marks on your credit file can stay on your credit file for up to 7 years, even if you eventually paid the outstanding amount.

If you’re looking for credit have a mark such as a default on your credit file, you might not get access to the best options. In some cases, you might not be eligible for a loan at all. These marks can also trigger higher application fees and higher interest rates on loans which can add thousands and dollars to the cost of your loan.

This is where a business like Princeville Credit Advocates can help. Princeville is a credit file cleaning company that specialises in removing negative credit listings, including defaults, judgements and writs. They have helped to remove over 2,200 default and judgement listings from Australian credit files.

Princeville offer a complimentary assessment of your credit file to see how they can help. After this initial assessment there are three formal stages of the process to remove negative listings. The video below can help you understand these formal stages better.

Applying for a home loan with bad credit

When you apply for a home loan the loan provider will go through your credit file. This file contains information on credit applications, outstanding loans, overdue accounts, defaults and financial information such as who you have a credit card, personal loan or home loan with. Lenders use this to determine your creditworthiness.

Loan providers go through your credit file to establish if they should give you a loan or not, and how your credit file looks plays a role in the interest rates that lenders offer. A good credit file, in essence, should get you access to a broad range of home loans. A bad credit file with defaults or late payments on it will demonstrate to your lender that you might not be able to pay your loan back.

How can Princeville Credit Advocates help?

There are instances when credit providers don’t stick to the correct legislation when placing adverse listings on credit files. In some cases this can mean the listing can be removed, but addressing this aspect requires knowledge of relevant laws. Princeville Credit Advocates specialise in this and use their knowledge and experience to go through your credit file and see if they can find unfavourable judgements and defaults which were not lawfully placed on your file.

A black mark on your credit file stays in place for up to seven years. During this time credit can be hard to come by, so this makes it imperative for you to verify if a negative listing should be there in the first place. With over 2,200 default and judgement listings removed from Australian credit files, Princeville Credit Advocates know what to look for in order to get the most suitable results.

Here’s an example of how a client benefitted by using the services of Princeville Credit Advocates. With eight bad listings on his credit file, the best home loan he found came with an interest rate of 11.5 per cent. Help from a senior advocate at Princeville Credit Advocates resulted in the resolution of seven of the eight issues, and the client in question eventually got a home loan of $385,000 at an interest rate of 5.5 percent.

Why choose Princeville?

Princeville logo

High success rate. Princeville has a success rate of 83%, and work hard to investigate and remove marks on your file.

Proven track record. Princeville have worked to remove more than 2,200 negative listings from the credit files of Australians.

They might save you thousands. Removing negative listings from a credit file can get you access to many more loan options. Princeville have reported their clients have saved up to $20,000 per year in application fees and loan repayments (on a loan of $400,000) as a result of Princeville's service.

Personal service. Each of Princeville's clients are assigned their own expert to go over their file and advocate on your behalf.

How much are their services?

When you opt to work with Princeville Credit Advocates you have to pay in stages, and this is particularly helpful in minimising costs if they can’t help you. They offer a complimentary assessment of your credit file. Once this stage is complete there are three formal stages to the process.

1. Credit file assessment

The first stage involves a background and credit file assessment, and developing a removal strategy follows this. You have to pay $500 at this stage. You’re also required to fill in an application and submit the latest copy of your credit file.

2. Investigation of bad listings

The next stage involves investigation, followed by negotiation for the removal of bad listings. At this stage, you have to approve Princeville Credit Advocates to negotiate on your behalf, and you have to pay $500 for each judgement or default that requires removal.

3. Removal of bad listings

The final stage involves the successful removal or bad listings from your credit file, and at this stage you have to pay $500 per successful judgement or default removal.

Pros and cons of a credit advocacy service

Using the services of Princeville Credit Advocates comes with pros and cons.


  • Remove black marks. A black mark on your credit file can make all the difference between you getting a home loan or not, and it can also have a telling difference in the interest rate you might be offered.
  • Save. If you repair your credit file you stand to get home loans with lower interest rates, and this is simply because lenders do not view you as a risky borrower anymore. Lower interest rates can mean lower repayments, saving you thousands over the course of a year depending on the rate.
  • Expertise. Princeville Credit Advocates brings experience and expertise to the table, and it reports an 83 per cent success rate in removing judgements and defaults. In addition to credit providers, they also liaise with utility and communication providers.


  • Fees vs Benefits. If you want Princeville Credit Advocates to work on your credit file you’ll have to weigh up the costs versus the benefits of using the service.

In addition to Princeville providing credit repair services, given their experience in dealing with credit providers, they also offer debt negotiation services. Through this, you can look forward to more convenient repayment plans and reductions in the amount you’re required to pay back.


How long does it take to remove an incorrect listing from my file?

Since not all cases are the same, Princeville Credit Advocates does not offer a definite timeframe, although it aims to address each problem on a priority basis.

If I still have some marks left on my file how likely is it that I will be eligible for a home loan?

Many lenders won’t offer loans to those with defaults on their credit file. Others might offer a loan but with a higher interest rate. Ultimately it will depend on the lender. Read more about bad credit or impaired credit home loan options.

How long does a credit file retain information?

This varies in accordance to the type of information, as indicated below.

  • Repayment history information: two years
  • Court judgements, writs and summons: five years
  • Overdue accounts listed as a payment default or clearouts: five years
  • Any credit enquiry: five years

How do I get access to my credit file?

The Commonwealth Privacy Act 1988 gives you the right to access your credit file at any time and you can request a copy of the same through a credit reporting agency. While you can get a copy for free if you don’t mind waiting a few days, you might have to pay a small fee if you require access within 1-2 days. Learn more about accessing your credit file.

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