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How much does credit repair cost?

Getting help from a credit repair agency can cost hundreds of dollars or more, but the benefits can outweigh the fees.

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If you've noticed some mistakes on your credit report that are impacting your credit score, you can either resolve the issues yourself or get help from a credit repair agency. Getting professional assistance can sometimes cost up to $1,000. However, if you can remove any incorrect black marks from your file, the positive impacts on your credit score could be worth the cost.

You can use this guide to understand what will impact the cost, discover the benefits and get a free copy of your credit report.

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How much will it cost to repair my credit history?

Costs of credit repair, sometimes called 'credit fix' or 'credit wash', vary between credit repair providers and may depend on the listings that need to be removed. Generally, you will need to pay an initial consultation fee which can cost up to a few hundred dollars. There will then be a fee charged for each listing the company successful removes. This varies as well but is also a couple of hundred dollars. According to ASIC, some listings can cost as much as $1,000 to repair.

Please note that credit repair agencies can only remove incorrect listings. Make sure you get a full list of the fees and charges before you agree to pay for the initial consultation.

How can I repair my credit report for free?

If you find incorrect listings on your credit report, you can try to resolve them yourself for free. If you haven't already checked your credit report, you can order your free credit report with finder and start reviewing the listings on your report.

You can contact the credit reporting bureau that issued your report and ask them to remove the listing directly. If they refuse and you're sure that the listing is incorrect, you can contact an Ombudsman external dispute resolution service to help resolve your case. You can also contact a free and confidential financial counselling service or call the National Debt Helpline on 1800 007 007 for assistance.

What will impact the cost?

If you decide to get assistance from a credit repair company, the following factors will impact how much you'll pay:

  • Defaults. The number of defaults you have on your credit file affect how much you have to spend. This is because credit repair companies in Australia charge a fee for each mark they remove. So, the higher the number of defaults, the higher the cost.
  • Successful negotiations. After each successful negotiation that the credit repair company carries out to remove a negative listing, you'll be charged a fee to ensure the mark is successfully removed.
  • Crossed or linked credit files. In case you're the victim of crossed or linked credit files because of how certain lenders submit credit data, you can expect a credit repair company to address this for a fee.

How to repair your credit file with Princeville Advocates

What are the benefits of working with a credit repair company?

If you have legitimate incorrect listings on your credit file, here are some of the benefits of seeking the help of a credit repair company:

  • Professional service. Credit repair companies work to repair credit reports for a living, so they know what to look for and who to get in touch with to remove incorrect, negative marks. This could prove more convenient and successful for you compared to if you were to repair it yourself.
  • Improved credit. The ultimate goal of using a credit repair agency is to improve your credit history and score. This will help increase your chances of approval when applying for loans or lines of credit in the future.
  • No need for collateral. If you apply for a loan while you have bad credit history, you may need to provide collateral to get approval. If you remove any incorrect black marks from your file, you may no longer need to meet this requirement and could receive a more competitive loan agreement.

While the costs will vary between different cardholders, credit repair does come at a cost. However, if you decide to get your credit repaired professionally, the benefits it will have on your finances will outweigh the fees in the long run. See our guide on how to repair your credit file for more tips and tricks for getting your finances back on track.

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8 Responses

  1. Default Gravatar
    FaitaugaFebruary 15, 2019

    I want to repair my credit file, please help me.

    • Avatarfinder Customer Care
      MaiFebruary 16, 2019Staff

      Hi Faitauga,

      Thank you for reaching out to Finder.

      You may follow the steps from our guide to credit repair. There are four simple questions that you’ll see on that page that you may answer and it will let you know if you are eligible for a credit repair. The page also discusses your repair options such as using a credit repair service or doing a DIY repair.

      Hope this helps, Faitauga.

      ​Please feel free to contact us back should you require further assistance.

      Kind Regards,

  2. Default Gravatar
    KeithApril 1, 2015

    Hi. I have recently been declined a Mortgage extension. The banks reason for declining was a “busy” credit rating in the words of the bank officer. What the heck is that and can it be rectified, and if so, how much??

    • Avatarfinder Customer Care
      JonathanApril 2, 2015Staff

      Hi Keith,

      Thanks for getting in touch with us.

      You may want to verify the reason for your declined mortgage extension by contacting your lender directly. You may also refer to the following link for more information on the credit repair process.


  3. Default Gravatar
    StanMarch 17, 2015

    Hello, are you providing this service (credit repair)? Or can you give me info on other companies who specialize in this sort of business such as Clean credit?
    Thank you

    • Avatarfinder Customer Care
      JonathanMarch 18, 2015Staff

      Hi Stan,

      Thanks for your inquiry.

      Please see our guide to using a credit repair services and for more information on credit repair companies in Australia.



  4. Default Gravatar
    faridaJanuary 23, 2014

    How much the cost of clearing the credit file?

    • Avatarfinder Customer Care
      MarcJanuary 23, 2014Staff

      Hello Farida,

      Thanks for the question.

      The cost of credit repair usually depends on the number of faults on your file that you wish to seek corrections for. Each correction will involve the credit repair agency assessing the mark on your file, investigating and negotiating for its removal if possible, and then removing the listing from your credit file. You may refer to a guide on what you can expect to pay if using a credit repair company such as Princeville Credit Advocates.


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